Oversees all aspects of the banks credit risk management function. This position is responsible for ensuring the Bank maintains adequate credit risk and ensuring full compliance with all lending related banking laws, regulations, and internal policies and procedures. Serves as an advisor to senior management and the Board in areas of credit risk. The CCO leads and oversees all lending related compliance, internal audit, external audit and regulatory relations. The CCO is also responsible for the overall management of all loan administration and credit related activities for the Bank. The CCO is accountable for the entire credit granting process, including the consistent application of a lending policy, periodic credit reviews of existing customers, & the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of loan sales & outstandings & credit risk. The CCO oversees the loan administration function of the bank.
Essential Job Functions
Accountable for credit underwriting strategy and execution including setting credit policy and working with CEO to identify risks.
Develop department financials goals including credit quality, volume and risk distribution.
Provide recommendations on loan structure, terms, risk rating and pricing.
Implements and monitors credit policies and procedures with controls sufficient to maintain asset quality and credit risk management.
Manage the credit analysis and administration teams including recruitment, development, compensation, and performance management.
Review, modify, approve or decline loans within lending authority. Serves as primary concurrence officer for all credits approved outside of loan committee including credits needing exception approval, credits needing secondary officer approval above manager's authority, manager-sponsored credits needing primary approval, covenant waivers, credit amendment memorandum approvals, term loan review approvals, and leasing transactions.
Works with credit analysts and commercial lenders to ensure consistency; adherence to credit criteria, information guidelines, underwriting requirements, and performance expectations of the portfolio.
Manages Special Assets department and oversees resolution of classified assets. Works directly with the Controller to oversee FASB 114 impairment recommendations and report ALLL, including TDRs, according to regulatory requirements.
Prepare and distribute reports related to loan quality and growth trends and loan product concentrations.
Utilize the quarterly Allowance for Loan and Lease Losses (ALLL) report to provide recommendations as to the amount to be reserved for losses by analyzing local, regional, national economic conditions, loan losses and trends, and loan product concentrations.
Review real estate data and assess the impact on the clients loan portfolio.
Participate in bank committees including but not limited to ALLL Committee, quarterly Board Loan Committee, and Loan Committee.
Represent the clients in various customer and industry functions to further enhance its' image and contribute to establishing and growing its' market position.
Qualifications:
Chief Credit Officer (CCO)
Our client is seeking an experienced Chief Credit Officer (CCO) to join their leadership team. This role will report to the Chief Executive Officer and oversee the Commercial Credit and Special Assets group; provide credit decisions and credit underwriting strategy and execution including setting credit policy for The clients loan portfolio; achieving short and long term financial objectives; ensuring compliance and mitigate risk; anticipating industry trends; and advancing the reputation and services of the client bank.
Qualifications
Bachelors degree in finance, accounting, statistics or a related field. MBA/CPA/Graduate School of Banking a plus.
15 + years of commercial banking experience in credit administration, analysis, and risk mitigation with direct credit approval and supervisory experience in commercial real-estate, construction, and commercial and industrial lending and leasing.
15+ years of progressive leadership experience.
Knowledge in common data management and reporting software. Banking/Lending experience required.
Passion for community banking is essential.
COMPUTER AND EQUIPMENT SKILLS:Proficient working knowledge of PC for Windows, Microsoft Office Suite (Word, Excel, and PowerPoint), Internet, Email and various bank software systems and equipment applicable to the position. Understanding of how to use the following equipment: computers, fax machines, copiers, scanners and printers.
OTHER SKILLS:
Strong understanding of loan underwriting, the lending process, and controls and policies governing the lending process for consumer and small business loans.
Strong understanding of legal and regulatory guidance governing bank lending.
Small and middle market lending and credit experience, specifically in C & I and CRE. Retail lending management experience, construction lending and Participation loan management are considered a plus.
Problem Loan management and allowance for loan loss management and methodology experience.
Strong management and partnering skills.
Excellent written and verbal communication skills.
Ability to maintain confidentiality.
Why is This a Great Opportunity:
This is not a Remote/Work From Home opportunity.
Chief Credit Officer (CCO)
Our client is seeking an experienced Chief Credit Officer (CCO) to join their leadership team. This role will report to the Chief Executive Officer and oversee the Commercial Credit and Special Assets group; provide credit decisions and credit underwriting strategy and execution including setting credit policy for The clients loan portfolio; achieving short and long term financial objectives; ensuring compliance and mitigate risk; anticipating industry trends; and advancing the reputation and services of the client bank.