Overview:
Responsible for the quality and efficiency of the ongoing monitoring activity to ensure timely and accurate credit risk ratings and compliance with both credit policy and loan agreements. Interact on a daily basis with senior management of both the First and Second Lines of Defense regarding ongoing monitoring activities.
Primary Responsibilities:
- Lead team that partners proactively with the sales and underwriting teams and is intimately involved in continuous credit monitoring (CCM) for a portfolio of commercial clients. Provide an independent credit quality assessment of the Bank's largest commercial clients identifying appropriate risk rating, credit risks and mitigates, industry concerns, market trends, financial trends, and other pertinent credit issues. These assessments pertain to the ongoing risk of an assigned portfolio.
- Responsible for the day to day activities of a monitoring team to include the accuracy of risk ratings, and quality and efficiency of the CCM activities of the team enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews (and PLRs and Guarantor Assessments), interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.
- Maintain the quality of CCM deliverables, based on a program of mentoring team members and reviewing final work prior to submission to appropriate credit authority.
- May monitor or provide guidance on more complex credit structures.
- Serve as the point person for assigning new customer relationships, supports team in prioritizing work, and monitors workflow to ensure timeliness and adequate team coverage.
- Support various regions in terms of credit analysis functions by partnering proactively with the sales and underwriting teams to prepare thoughtful risk assessment of customers on an ongoing basis to identify emerging risks or material changes in customers financial position, including evaluation of compliance with the loan agreement.
- Evaluate and determine the ongoing credit risks and corresponding risk rating of commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.
- Provides ongoing training to the team.
- Maintain work logs and prepare monthly productivity reports for management, and other reports, as needed.
- Resolve any policy and procedure, accounting or credit issues that occur.
- Maintain an in-depth knowledge of accounting pronouncements and the effect on Bank credits.
- Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
- Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
- Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
- Promote an environment that supports diversity and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.
Scope of Responsibilities:
Ensure that risk ratings are timely and accurate, and Regional Credit Officers and various Loan Committees have appropriate details to make timely and informative decisions on credit requests for existing customers, within Bank lending parameters.
Trains portfolio managers to build bench strength within the department.
Position interacts on an ongoing basis with senior management both in Credit and Commercial Banking.
Potential for client interaction.
Supervisory/ Managerial Responsibilities:
Supervises and mentors a team (up to 10) of commercial credit portfolio managers.
Education and Experience Required:
Bachelors’ degree in Accounting, Finance, or related discipline with 8 years’ related experience with three years’ work leadership/supervisory experience or in lieu of degree a combined minimum of 12 years’ higher education and work experience to include a minimum 8 years’ related experience with three years’ work leadership/supervisory experience.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $130,840.95 - $218,068.25 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
LocationRadnor, Pennsylvania, United States of America
What We Do
Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental Solutions subsidiary, the Company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than six million residential, commercial, industrial, and exploration and production customers from a network of operations in 39 states, six provinces and the District of Columbia. The Company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
Our corporate strategy targets secondary and suburban markets that have strong demographic growth trends and where competitive barriers to entry can be developed. We seek to avoid highly competitive, large urban markets and target markets where we can provide either non-integrated or integrated solid waste services under exclusive arrangements, or markets where we can be integrated and attain high market share. We are a leading provider of solid waste services in most of our markets, and approximately 50% of our revenues are derived from market areas where we have franchise or exclusive rights to provide our waste services.
