The Credit Risk Manager underwrites transactions, mitigates lending risks, and oversees compliance while interacting with clients and preparing reports.
Job Summary & ResponsibilitiesPreferred Qualifications
Responsibilities include but are not limited to:
- Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
- Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
- Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority.
- Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits.
- Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
- Ensures credits are accurately risk rated and are properly monitored and reported.
- Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
- Participates in special projects and requests related to the management of the portfolio.
Required Skills:
- Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
- Strong knowledge of credit underwriting, financial accounting and loan documentation.
- Strong knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
- Strong computer skills using Microsoft Word, Excel and Outlook.
- Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
- Ability to manage time efficiently.
- Strong mathematical skills.
- Strong credit skills.
- Strong administrative skills.
- Ability to write reports and business correspondence.
- Ability to effectively present information and respond to questions.
Required Experience:
- High School diploma or GED.
- Minimum of 5 years of experience in a commercial lending environment in a credit-oriented and underwriting position.
Preferred Experience:
- Bachelor's degree and completion of a formal credit training program.
Valley Bank Elmwood Park, Illinois, USA Office
Elmwood Park, United States
Similar Jobs
Fintech • Financial Services
Lead consumer credit risk strategy and manage analysts evaluating lending portfolios. Develop underwriting guidelines, credit policies, and risk oversight processes; monitor delinquency, charge-offs, approvals, and risk-adjusted returns. Support new product evaluations, analyze portfolio performance, generate reporting using SQL, Excel, and Power BI, and recommend risk-return improvements. Partner with lending, audit, regulatory, and second-line risk teams while hiring, coaching, and developing staff.
Top Skills:
ExcelPower BISQL
Consulting • Financial Services
Manages credit risk due diligence and field examinations for specialty lending, securitization, asset-based lending, and related financial transactions. Supervises and develops staff, reviews engagement deliverables, ensures quality control, manages client relationships and budgets, supports business development, and advises clients on industry trends and solutions. Requires CPA certification, public accounting or related experience, supervisory experience, and travel based on client needs.
Big Data • Fintech • Mobile • Payments • Financial Services • Data Privacy
Provides independent credit risk oversight for Bank of America's U.S. and EMEA Real Estate Structured Finance portfolio. Reviews and approves complex financing transactions, guides structuring, evaluates portfolio and market risks, monitors asset quality, ensures regulatory and policy compliance, and exercises lending authority. The role partners with business and risk stakeholders, supports CMBS and SASB securitization activities, leads strategic and regulatory initiatives, presents portfolio analysis to senior leadership, and mentors credit risk professionals.
Top Skills:
Adobe AcrobatCmbsExcelMicrosoft PowerpointMicrosoft WordSasb
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
