Environmental Risk Specialist

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.

We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Environmental Risk Specialist is responsible for supporting the bank’s environmental risk management program by conducting and overseeing environmental due diligence activities associated with commercial credit transactions. This role evaluates environmental risk exposure related to real estate collateral and commercial lending relationships, including the review of Phase I Environmental Site Assessments (ESAs), Phase II subsurface investigations, remediation documentation, and other environmental reports to identify potential liabilities and ensure compliance with internal policy and regulatory expectations.

The Environmental Risk Specialist partners closely with Credit Underwriting, Portfolio Management, Special Assets, Appraisal/Valuation, Legal, Policy, and external environmental consultants to assess environmental conditions that may impact collateral value, borrower repayment capacity, or the bank’s legal and reputational risk. This role helps ensure environmental risks are appropriately identified, escalated, documented, and mitigated throughout the credit lifecycle.

The annual salary range for this position is $60,000 - $121,300. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

• Environmental Due Diligence Review

Review environmental due diligence reports for commercial real estate and commercial & industrial lending transactions, including:

• Phase I Environmental Site Assessments
• Phase II Environmental Site Assessments
• Records review reports
• Regulatory database reports
• Limited site investigations
• Remediation status reports
• Vapor intrusion, asbestos, lead-based paint, mold, wetlands, and other specialized environmental studies, as applicable
• Assess the adequacy, scope, and conclusions of environmental consultant reports and determine whether additional investigation or risk mitigation is warranted.
• Identify transactions requiring enhanced environmental review due to property type, historical use, industry classification, or collateral characteristics.

• Provide environmental risk guidance to underwriting, credit approval, and portfolio teams during origination, renewal, modification, and workout activities.
• Advise on environmental risk considerations related to collateral acceptability, structure recommendations, loan policy adherence, and approval conditions.
• Recommend appropriate risk mitigation strategies, including indemnifications, reserves, remediation requirements, monitoring, environmental insurance, or other structural protections.
• Support environmental risk assessment for criticized, classified, or problem loans where contamination or environmental liability may impact collateral…