Sr. Commercial Credit Risk Manager

About the role

At Valley Bank, we believe in people’s growth potential. We invest in it, protect it, and focus it. For nearly 100 years, we’ve been the bank that clients from every industry turn to for our expertise, strategies, and advice—building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth—with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. When you work for us, we make it our goal to help you focus on what drives you—working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that includes all our associates as well.

Responsibilities

• Monitor the ongoing financial health of an assigned loan portfolio while maintaining communication and dialogue with clients in conjunction with the business team for all credit-related reporting and business updates.
• Underwrite and structure new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
• Lead external client meetings as well as internal deal team discussions and approval discussions with senior management.
• Identify, outline, and mitigate risks associated with potential lending opportunities; advise on all matters related to the Bank's Credit Policy and related procedures; and provide guidance on loan structures and risk appetite.
• Review credit packages completed by junior team members and provide general guidance and mentorship.
• Perform required due diligence and analysis, produce the credit presentation in accordance with guidelines and policy, present credit requests to the required level of credit authority, and oversee the legal documentation and closing process.
• Approve transactions under individual lending authority, when applicable.
• Maintain oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables, including compliance with all terms of the loan agreement such as financial reporting, covenant compliance, collateral monitoring, required third-party reports, annual reviews, and maturing loans and lines of credit.
• Coordinate with the business team to maintain direct contact with clients as needed for account monitoring, administration, and site visits.
• Validate and analyze reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, and engineering reports to verify compliance; escalate issues to appropriate levels and develop action plans as necessary.
• Ensure credits are accurately risk-rated and properly monitored and reported.
• Prepare all required quarterly reports and analysis, including Criticized Loan Monitoring Reports and other portfolio management reports as required.
• Participate in special projects and requests related to the management of the portfolio.

Requirements

• High School diploma or GED.
• Minimum of 7 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Qualifications

• Bachelor's degree in a related field.
• Completion of a formal credit training program.

Skills

• Strong understanding of policies and procedures, underwriting guidelines, and RACs.
• Advanced knowledge of credit underwriting, financial accounting, and loan documentation.
• Advanced knowledge of deal structuring and comfortability discussing structures with lenders.
• Strong computer skills using Microsoft Word, Excel, and Outlook.
• Strong interpersonal and social skills for interacting with loan officers, administrative staff, and customers.
• Ability to manage time efficiently.
• Strong mathematical and credit skills.
• Strong administrative skills.
• Ability to write reports and business correspondence.
• Ability to effectively present information and respond to questions.