As the industry faces the risk of loan delinquencies amid a high interest rate environment, inflationary pressures and more vacancies in office properties, Massachusetts’ community banks are promoting risk officers into their executive leadership teams to guard against credit risks.
Richard “Dick” Kelly has been in banking for 40 years, and is putting that experience to the test as he steps into his latest role at MountainOne Bank – at a time when lenders everywhere are keeping a watchful eye on their commercial borrowers.
Regulators have had their eye on credit risk for some time, but with several rate increases forecast for 2017, bankers may do well to invest in business intelligence and data analytics tools to better mitigate that risk and root out fraud in a rising rate environment.
