Senior Analyst, Credit Risk Review

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

The Credit Risk Review function is responsible for providing an independent assessment, on a loan specific or portfolio-wide basis, of credit quality and corresponding potential loan or other loss exposure for the various loan portfolios and activities which create credit exposure within the bank, and monitors compliance with, and adequacy of, established business line and corporate policies and procedures.

Job Summary

This position is responsible for supporting the Credit Risk Review function through the assessment, on a loan specific or portfolio-wide basis, of credit quality and corresponding potential loan or other loss exposure for the various loan portfolios and activities which create credit risk.  Monitor compliance with, and adequacy of, established business line and corporate policies.

Job Responsibilities

1.    Conduct credit risk reviews in accordance with CRR policy and procedures. Primary responsibility for conducting fieldwork and recommending appropriate ratings and formal recommendations as needed:

• Participate on assigned reviews; may complete specialized reviews on an individual basis.

• Complete reviews within established time frames

2.    Develop and maintain specific areas of subject matter expertise (i.e. CRE, C&I, Sponsor & Specialty, ABL, Equipment Finance, Public Finance, Treasury Investments, etc.) and participate in ongoing training.

3.    Participate in ongoing/continuous monitoring of assigned portfolios per CRR Policy. Assist in the evaluation of effectiveness of management processes in the various portfolios. Based on results, proactively recommend if change to review frequency is warranted.

4.    As a review participant:

• Assess credit and financial information to verify the credit worthiness of existing borrowers. 

• Assess adequacy of current risk ratings and accrual status.

• Assess relationship manager/underwriter compliance with bank policy and procedures.

• Verify the adequacy and completeness of credit files.

5.    Provide feedback to CRR managers and peers relative to credit/loan quality issues arising from reviews.
6.    Assist with the completion of summary reports for executive management and Risk Committee.

Required

• Bachelor’s degree in related field required; master’s degree preferred

• 3-4+ years of relevant experience in credit analysis, quality control and/or credit risk review.

• Detail oriented and able to work well independently and within deadlines.

• Strong financial statement analysis skills within assigned disciplines with demonstrated versatility.

• Excellent verbal and written communication skills.

This position will have a hybrid schedule based in either Southington, CT, Stamford, CT, White Plains, NY or Jericho, LI.

The estimated salary range for this position is $95,000USD to $110,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.