Career Center

The Portfolio Risk Officer is responsible for the management and supervision of bank wide analytical efforts, to evaluate credit risk by employing a variety of advanced analytical techniques. This position will monitor portfolio quality; prepare and oversee preparation of management reports and provide oversight on individual loan grading to insure regulatory compliance and assist in the overall management of the loan portfolio of the Bank. 

Requirements: 

• Bachelor's degree in Business, Finance, Accounting or relevant discipline – preferred.
• 8+ years' recent experience in credit and portfolio administration, which includes a minimum of 3 years in a supervisory and/or management role with emphasis in commercial / business lending, and thorough understanding of credit review and risk management processes – required.
• Equivalent combination of education, training, and/or comparable experience may be considered. 
• Provides an exceptional level of quality service for internal/external customers; responds to customers' needs, questions and concerns in an accurate, effective, and timely manner.
• Excellent listening, verbal, written and telephone etiquette business communication skills, with the ability to communicate outstanding/follow up issues over the phone, in person and via email; with the ability to read, write, speak and understand English well.
• Strategic approach to problem solving and decision-making, with demonstrated ability to quickly focus on key issues and make decisions under pressure of time constraints.
• Demonstrated self-motivational skills and the ability to work in a high pressure, high-volume production-oriented environment while ensuring deadlines are met.
• Strong organizational, time management, data review and processing skills; with the ability to manage multiple assignments and goals, with minimal direction.
• Strong managerial and leadership skills are required to manage, motivate, and develop a team, with demonstrated ability to manage a high-volume work flow, in multiple locations.
• Advanced knowledge of financial modeling techniques and ability to prepare pro forma financial statements, global cash flow and dealer analyses.
• Advanced working knowledge of accounting and finance theory and practices, including Generally Accepted Accounting Principles, taxation, legal forms of organizations, and business law.
• Broad knowledge of regulatory requirements and standards applicable to commercial lending, C & I, commercial real estate, consumer and residential mortgage products. 
• Advanced business knowledge and acumen, credit underwriting, structuring and credit judgment skills.
• Strong understanding and working knowledge of commercial credit administration, credit review process, risk management practices; loan workout and loan production.
• Ability to apply advanced statistical methods in finance context, i.e., portfolio, risk and loss models beyond regular statistics.
• Strong understanding of the credit and market risks facing the enterprise and key drivers of stress test results.
• Solid understanding of risk systems and processes; familiarity with risk measurement and accounting methodologies (e.g. economic capital, ASC 450, ASC 310, ASC 825) – desired.
• Unquestionable integrity in handling sensitive and confidential information required. 
• Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly.
• Strong working knowledge of financial institution credit software – required.

About Heritage Bank

Our history: Heritage Bank was founded in 1927 with the belief that when banks and neighbors work together, great communities grow stronger. Heritage has remained true to this vision—and close to our roots—offering financial solutions that put our customers and local businesses first. Perhaps that's why our company has grown from a single location to a robust network of branches throughout the Pacific Northwest. Along the way, we've joined forces with Whidbey Island Bank to further our goals of local service, community building and strength. Today, more than 90 years later, Heritage stands for more than a community bank. We are a community of banks, working together to serve the unique needs of each and every customer.

Connections working at Heritage Bank