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The Senior Portfolio Risk Officer's primary focus will be all credit areas with a strong emphasis in CRE, C&I and Residential Lending portfolios and functions. Financial performance areas to focus on include, but are not limited to, bank specific and industry peer comparison, local and national economic trends, and potential impact on the Bank.

Key Result Areas:  

  • Report to the FVP Portfolio Risk and Analysis Manger (“FVP”) on establishing, designing, implementing, and monitoring an enterprise-wide risk management program required of a financial institution of the size and complexity of the Bank

  • Collaborate with FVP and the Sr. Portfolio Risk Manager in the development and production of reports to measure risks and exposures inherent in the various loan portfolios

  • Assist with preparation of portfolio risk assessments white papers for the various lending portfolios, property types and other industries or asset classes of the bank as well as potential business lines the Bank may consider or acquire

  • Assist with preparation of target portfolio risk white papers tracking performance metrics of the lending portfolios as well as potential business lines the Bank may consider or acquire

  • Prepare reports with results of analysis, impact on risk assessments and make recommendations on appropriate corrective actions for escalation. Reports to participate in or review will at a minimum include:

    • Recurring monthly and quarterly portfolio reports

    • Portfolio Risk White papers

    • Concentration of Credit Reports  

    • High LTV Report

    • Policy Exceptions tracking

    • ALLL Reports when warranted

    • Delinquency Reporting

    • Loan Risk Migration Report

    • Non-Accrual Report  

    • Other reports, as to be determined as the position evolves and responsibilities are expanded

  • Assist in developing, running, and managing of department’s developed model(s)

  • Maintain data integrity standards

  • Fulfill reasonable ad hoc requests including production and development of various analytical risk reports and studies on the various components of the loan portfolios, other business lines or corporate related activities

  • Assist in the calculation, reporting and considerations associated with the Bank’s ALLL

  • Contribute to the effective management of all credit risk issues as part of the risk management team

  • Contribute to the effective team management of appropriate bank problems, issues, and opportunities

  • Establish and maintain effective working relationships with other employees and customers

  • Perform additional duties as required


  • Bachelor’s Degree in business, finance, accounting, or equivalent concentration

  • Minimum 5 to 7 years of banking experience, some commercial exposure preferable with knowledge, or general understanding in which to build on, of underwriting and credit administration in the commercial real estate lending and corporate banking arenas as well as finance and/or treasury functions

  • Solid understanding of financial management and state and federal banking compliance regulations

  • Exceptional writing capabilities with prior business or report writing experience

  • Ability to think strategically and demonstrate strong organizational skills, communication skills (both written and oral) and attention to detail

  • Strong computer skills to include Word, Excel, and PowerPoint

  • Working knowledge of Bank operating systems, lines of business, products and customer base

  • Willingness to make judgment calls and decisions based on experience and reasonableness tests

  • Have a logical thought process and ability to review a situation from different perspectives

  • Have a positive track record of adapting to system and procedural changes

  • Strong presence and can interact effectively with executive and senior management

  • Have experience working on cross functional projects and be able to manage priorities of competing stakeholders

The above description covers the most significant responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job. 


Waltham, Massachusetts 

About Cambridge Savings Bank: 

Cambridge Savings Bank is a full-service financial institution with approximately $5 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Melrose, Newton, and Watertown.

Cambridge Savings Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.