Posted on September 11, 2012

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Vice President, Credit Risk Management

Calvert Foundation is a nonprofit organization that has pioneered a new type of investing that delivers a social and financial return. People invest in us through the Community Investment Note and then we invest in organizations around the world that empower people living in low-income communities. Our capital finances affordable housing, micro-businesses, and essential community services.

Calvert Foundation, an impact investment industry leader based in Bethesda, MD, has been named one of the top organizations changing the world by Fast Company. Our team consists of bright, energetic and talented people who have a passion for making a difference in the world by helping under-served communities. We offer an excellent benefits package that includes a transportation subsidy and more.

Job Description:
Calvert Foundation is seeking to fill a senior position to manage enterprise and credit risk for its loan portfolio. The individual is responsible for all aspects of credit risk management, including policies and procedures; credit review and approval; and portfolio analysis and reporting. The role requires someone with strong technical knowledge and expertise, effective interpersonal and team building skills, and a commitment to the mission of the organization.

Responsibilities:

• Manage a team of three risk professionals.
• Develop and maintain investment policies, procedures, and delegations of authority for on balance sheet lending, managed portfolios, and initiatives.
• Oversee the review and approval of proposed investments, and advise on structuring to mitigate risk.
• Oversee the identification of troubled investments, and evaluate loss mitigation plans.
• Develop and maintain technology and tools to facilitate credit analysis and portfolio monitoring, including risk rating methodology, loan loss reserve factors, and peer benchmarks.
• Conduct periodic portfolio analyses and stress tests.
• Provide management reporting.
• Provide staff coaching, development and training.
• Support social impact analysis and reporting.
• Establish effective working relationships throughout the organization.
• Leverage technology and risk management tools to continually enhance quality and efficiency of credit risk management processes.
• Potential to assume broader enterprise risk management responsibilities.

Required Skills:

• A minimum of 20 years financial and credit risk management experience, with a minimum of 7 years of people management experience.
• Strong technical knowledge and expertise in both the evaluation of individual credits and industry best practice portfolio management techniques.
• Ability to effectively manage multiple priorities.
• Resourceful - ability to produce exceptional results with limited resources.
• Exceptional interpersonal skills including the ability to influence across the organization, and interact with internal and external constituents, including Board members.
• Ability to assume broader enterprise risk management responsibilities.
• Prior experience with social impact investing, particularly in emerging markets preferred, and banking experience a plus.
• MBA or equivalent preferred.

Application Instructions

Interested Candidates should forward a resume to jobs@calvertfoundation.org with Vice President, Credit Risk Management in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue Suite 1100W, Bethesda, MD 20814. No phone calls please.