Credit Risk Officer II in Boston, MA at Eastern

Date Posted: 7/15/2020

Job Snapshot

Job Description

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.

As the fourth-largest full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.

As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.

Credit Risk Manager II is responsible for the development, management and execution of second line credit risk responsibilities, providing effective challenge to first line risk taking activities. Credit risk manager creates a framework for risk identification, measurement and reporting to SCO, Division Head, Credit Policy and Risk Management Committee; participates in the Quality control process of Divisional reporting.    

Direct responsibilities include: 

•Develop second line policies, procedures, testing and reporting protocols in conjunction with first line risk embedded in Commercial, Business Banking, Residential and Consumer.

•Documentation of portfolio reviews 

•Develop, propose, document and implement new and amended credit policies. Present to Credit Policy Committee quarterly.

•Perform self-testing including underwriting standards, RAC, policies and procedures

•Provide project and other support to activities associated with Divisional SCO such as CECL, risk rating re-build, credit approval template re-design, etc.

Job Requirements

  • Education: A Bachelor’s Degree in Finance, Accounting or Economics is preferred.
  • Experience: 10 years in credit risk management
  • Strong credit risk analytics skills
  • Strong project management skills and experience
  • Ability to effectively engage in verbal and written communication, including management presentations.
  • Proficient technical skills including Microsoft office with emphasis on PowerPoint, Excel and Word