Credit Risk Review Specialist

Key Responsibilities

Independent Credit Risk Review, Credit Risk Rating Validation, Transaction Level Credit Analysis, Portfolio & Concentration Risk, CECL / ACL Support & Data Validation, Regulatory Exam Readiness, Issue Identification, Escalation & Follow Up.

The job's mission is to provide the Bank with an independent mechanism to assist in early detection of loan problems, ensure accurate loan ratings, monitor compliance with policies, procedures and regulations, and assess portfolio administration of Relationship Managers and Portfolio Managers.

Conduct risk‑based reviews of Commercial loan exposures within assigned portfolios. Evaluate underwriting quality, risk rating accuracy, portfolio monitoring, documentation completeness, collateral valuation, and problem loan identification.

Identify potential underwriting and risk rating issues and provide observations. Escalate concerns to senior reviewers or team leadership for guidance and resolution.

Engage collaboratively with Lending, Credit, and Portfolio Management. Incorporate Line of Business input where appropriate without compromising final judgments.

Maintain broad knowledge of Bank credit policies and procedures to measure appropriate adherence during loan reviews. Stay well informed on credit products, industry trends and regulatory changes.

Provide concise analysis of each reviewed borrower, including an independent assessment of repayment capacity, covenant adherence, legal documentation, and industry risk.

Compile data collected during review and synthesize the findings.

Support departmental projects and initiatives aimed at improving credit review processes and risk management practices.

Problem Solving & Decision Making:
The VP / Credit Risk Review Specialist I performs assigned reviews with guidance from senior team members. Key observations, potential concerns, and review results are shared with the Team Leader and Director of Credit Risk Review.

Bachelor's degree or equivalent, 3-5 years of experience in credit analysis, commercial lending, or a related field. Commercial lending, regulatory examination, workout, and/or portfolio management experience are beneficial to this role.

Foundational understanding of commercial lending and underwriting principles, understanding of commercial legal documentation, solid oral and written communication skills, and the ability to work independently are critical. Demonstrated proficiency in all aspects of the lending process. Excellent analytical, interpersonal and problem‑solving skills. Experience with Excel and Microsoft tools.

This is a hybrid role with approximately 20% in‑office expected in Wakefield, MA.

Eastern Bank offers a comprehensive compensation plan and a Total Rewards program that includes medical, dental, vision, life and disability insurance, retirement, vacation, and tuition reimbursement.

Eastern Bank is an equal‑opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry or disability.

• Job Identification 4196
• Job Category Credit
• Degree Level Bachelor's Degree
• Job Schedule Full time
• Locations Wakefield, MA, United States
• Hiring Range $85,665 - $140,736