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Internship Credit Risk Review Jobs in Massachusetts

Rockland Trust

Senior Loan Reviewer

Brockton, MA · On-site

Minimum 7-10+ years of relevant loan review, or related commercial credit experience (direct lending, workout, risk management and/or regulatory). * Strong understanding of credit risks associated ...

Eastern Bank

Commercial Banking Administrator

Boston, MA · On-site

$26.53 - $42.64/hr

Works closely with and maintains strong productive relationships with the Loan Production Group, Loan Operations, Compliance, Credit Risk Review, Managed Assets, Internal Audit, Deposit Operations ...

Eastern Bank

Commercial Banking Administrator

Boston, MA · On-site

$26.53 - $42.64/hr

Works closely with and maintains strong productive relationships with the Loan Production Group, Loan Operations, Compliance, Credit Risk Review, Managed Assets, Internal Audit, Deposit Operations ...

River Run Services LLC

Senior Credit Officer

Haverhill, MA · On-site

$83K - $121K/yr

Provide back up coverage for the Chief Credit Risk Officer and the Commercial Credit Review and Analysis manager when needed * Performs additional duties, as directed by management. Qualifications ...

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All JobsCredit Risk Review JobsInternship Credit Risk Review JobsInternship Credit Risk Review Jobs in Massachusetts

Internship Credit Risk Review information

What does an Internship Credit Risk Review do?

An Internship Credit Risk Review involves assessing the creditworthiness of clients or borrowers to determine the level of risk they pose to a financial institution. Interns in this role typically analyze financial statements, credit reports, and market data using tools like Excel or specialized risk assessment software. The review helps inform lending decisions and ensures compliance with credit policies.

What is the difference between Internship Credit Risk Review vs Credit Analyst?

AspectInternship Credit Risk ReviewCredit Analyst
CredentialsTypically pursuing or recent degree in finance, economics, or related fieldsOften requires a degree in finance, accounting, or economics; certifications like CFA are a plus
Work EnvironmentInternship setting, supervised, entry-level tasksFull-time role, analytical, client and internal communication
Industry UsageCommon in banking, financial services, and credit institutionsWidely used in banking, investment firms, and credit agencies

Internship Credit Risk Review roles are typically entry-level, focusing on assisting with credit risk assessments under supervision, often as part of an internship program. Credit Analysts hold more advanced, full-time positions with greater responsibility for analyzing credit data, making recommendations, and communicating with clients. Both roles require knowledge of credit principles, but the internship is a stepping stone towards a full Credit Analyst position.

What are the most commonly searched types of Credit Risk Review jobs in Massachusetts? The most popular types of Credit Risk Review jobs in Massachusetts are:
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Internship Credit Risk Review jobs near you

Commercial Credit Senior Associate - CRE (Hybrid - see description for potential work locations)

M&T Bank

Boston, MA • On-site

Full-time

Re-posted 14 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 185 frontline employees who took The Breakroom Quiz

89th of 170 rated banks

Job description

Work Arrangement/Location: This is a hybrid position requiring four days/week of in-office work. Ideally, it will be based in Boston, MA but it may be based at an M&T corporate office in Danvers, MA or Belmont, MA.
Overview:
The Commercial Credit Senior Associate plays a pivotal role in assessing and managing credit risk for commercial clients at M&T Bank. This position involves analyzing financial statements, monitoring loan portfolio, and ensuring compliance with credit policies and regulatory requirements. This client facing role serves as a critical link between relationship managers (RM) and credit risk management to facilitate sound lending decisions and portfolio management.
Primary Responsibilities:
  • Focus on transaction execution and portfolio management and will partner with senior team members on complex transactions/account coverage.
  • Facilitate the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan. This analysis may include recommending adding or removing conditions.
  • Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities 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, interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.
  • Review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data. Determine the need for more thorough investigation or additional information, and coordinate gathering of such information.
  • Analyze financial information and related materials and complete the credit analyses for the Bank's commercial transactions. Written analyses to include an independent credit quality assessment with well-supported risk rating, identification of and description of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues of respective deals.
  • Make appropriate structure recommendations based on an analysis and evaluation of scenarios including the company's case, bank's base case and a downside case.
  • As part of managing the ongoing credit risk of existing portfolios, identify suspicious activity and activity that may be contrary to customer's interest.
  • Partner proactively with relationship managers and be intimately involved throughout the deal process, from deal screen through approval and for the life of the loan to maintain timely and accurate risk ratings for a portfolio of commercial credits. Spread financial statements and prepare financial models designed to sensitize various conditions impacting the proposed transaction.
  • Prepare cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate.
  • Attend client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction. Based on underwriting parameters, recommend the risk rating.
  • Prepare summary, present facts, and offers opinions concerning credit-worthiness. Assist in the structure of loan requests, where appropriate, to include suggestions on terms, conditions, controls, collateral, and guarantors.
  • Displays deep understanding of financial regulatory environment as it applies to underwriting most forms of commercial credit transactions.
  • Ensure credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy, and evaluating any risk associated with non-compliance Present analysis or address questions during credit request discussions or committee presentations.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging 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:
  • Commercial Credit is responsible for the credit delivery of the Bank's commercial clients throughout the credit lifecycle. Credit assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. Commercial Credit is also responsible for ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads. The work completed in this capacity is used to make credit decisions for new or renewed or amended credit transactions.
  • Position is an account coverage role and focuses on transaction execution and portfolio management.
  • The position interacts with commercial banking relationship managers throughout the bank's footprint and industry verticals as well as other internal personnel on credit approvals.
  • Ability to lead a transaction execution team in partnership with a Commercial Credit Analyst.
  • Customer interaction is expected.
  • Works independently with limited supervision.

Supervisory/Managerial Responsibilities:
Input into the development of and training of junior/newly hired Analysts.
Education and Experience Required:
  • Bachelor's degree in Accounting, Finance, Economics, or related field and 5 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis. In lieu of a degree, a combined minimum 9 years' higher education and work experience, to include 5 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.
  • Strong analytical skills with proficiency in financial modeling and analysis of credit metrics. Ability to calculate and interpret financial ratios, analyze date, and complete trend analysis.
  • CRE Commercial Credit experience required..
  • Emerging proficiency with understanding and negotiating legal documentation including structural analysis and the ability to structure transactions independently.
  • Excellent verbal and written communication skills.
  • Critical thinking and problem-solving abilities.
  • Attention to detail and high level of accuracy.
  • Ability to work independently and as a part of a team.
  • Strong organizational and time management skills.
  • Customer focused with strong interpersonal and relationship building skills.
  • Proficiency in Microsoft Office.

Education and Experience Preferred:
  • Experience with CoStar is ideal.
  • Experience with ARGUS is ideal.
  • Experience with Green Street preferred.
  • Experience with nCino preferred.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $119,500.00 - $199,100.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Boston, Massachusetts, United States of America

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