Credit Risk Analyst: ACL & Portfolio Monitoring - Boston, MA

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Division: Credit

Department: Credit Risk Management

Reports to: Credit Risk Management

Status: Exempt

Grade: 9E

Salary Range: $52,000 - $103,330

Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location: Boston, MA (preferred) or Albany, NY

Purpose/Objective:

This role will play a pivotal role in the execution of Berkshire Bank, a division of Beacon Bank & Trust's credit risk monitoring, analysis, and loss forecasting programs. The role is ideally suited for a candidate who combines thought leadership with a desire to be hands on in expanding and developing the Bank's credit risk management capabilities. The role requires experience in commercial banking with demonstrated expertise in credit risk management principles, practical knowledge of commercial lending, and proficiency with data, systems, models, and reporting tools.

A successful applicant will be a solutions driven, intellectually curious, self-starter who is proficient in accomplishing concurrent and diverse objectives. This individual should possess demonstrated analytical ability while consistently demonstrating a high degree of flexibility, teamwork, efficiency, and commitment to excellence and continuous improvement. The applicant will have opportunities to lead analysts on various projects across credit risk management, and the work product of this position are highly visible, and include presentations to the Chief Credit Officer, Executive Management, and Board of Directors. This necessitates attention to detail and quality, and skill in anticipating and communicating information in the most effective, useful, and appropriate form for the audience.

Key Accountabilities:

• Utilize Moody's ImpairmentStudio (or other applications such as CoStar, CMM, or MPA) to calculate the quarterly Allowance for Credit Losses (ACL).
• Perform periodic sensitivity tests and scenario analyses on ACL model inputs, for benchmarking and model monitoring purposes.
• Act as primary liaison between Senior Credit Officers, the Lines of Business, and Credit Risk Management in support of all portfolio monitoring programs, for both existing and future states. Travel may be required.
• Work collaboratively with Standard Reporting and Central Reporting teams to implement new processes or update existing ones as they relate to portfolio monitoring and the ACL.
• Leverage analytical tools such as Excel, Python, R, and/or SQL to develop, test, and publish forecasts of vital budgeting metrics, such as criticized & classified loans, non-accruals, and charge-offs. Responsible for ongoing maintenance and calibration of the forecasting tool, as necessary.
• Support Stress Testing and Model Validation teams by providing credit knowledge, assumptions, and analysis in support of the Bank's annual stress test and challenge documentation, as needed.
• Champion other initiatives as set forth by the Credit Risk Manager and upper management.
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education:

• Bachelor's degree required
• Master's degree preferred

Experience:

• 2-7 years of financial analysis or related credit work at a financial institution; preferably with experience in Credit Risk Management, Credit Administration, Lending, Loan Review, Loan Operations, or other applicable relevant experience
• Experience working with cross functional teams
• Experience working with regulators and/or external auditors is a plus

Skills & Knowledge:

• Skills Experience working with cross functional teams
• Experience working with regulators and/or external auditors is a plus
• Proficiency in standard Microsoft Office products
• Familiarity with FIS loan accounting system and building reports in PowerBI are a plus
• Proficiency in Python, R, and/or SQL is a plus
• Ability to think both conceptually and concretely
• Excellent written and oral communication skills
• Attention to detail and quality are essential

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Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

Boston, MA - 60 State Street