Job Type
Full-time
Description
The Chief Credit Officer directs all aspects of credit risk management, underwriting, policy development, and portfolio oversight. This role is responsible to ensure the bank maintains high credit quality, regulatory compliance, and profitable lending.
Key Responsibilities- Oversee the development and implementation of credit policies and risk management strategies to minimize bad debts and maintain a healthy loan portfolio.
- Lead the credit approval process, ensuring all loans meet the institution's lending criteria and credit quality standards.
- Manage the credit risk assessment team, guiding them in the evaluation of borrowers' financial health and repayment capabilities.
- Design and implement effective credit monitoring systems to identify and address potential risks in the loan portfolio promptly.
- Collaborate with other senior management to align the credit department's goals with the overall strategic objectives of the institution.
- Develop training programs for credit department staff to enhance their risk assessment skills and knowledge of industry regulations.
- Represent the institution in regulatory audits and examinations related to credit operations, ensuring compliance with all applicable laws and regulations.
Requirements
- Proven experience managing credit functions in a bank environment
- Bachelor's degree in finance, Business, or related field; MBA or advanced degree preferred
- 9+ years of progressive credit management experience in financial institutions, with at least 5 years at a senior leadership level
- Strong knowledge of regulatory requirements and expectations related to credit risk management
- Experience with credit portfolio management technology and analytics platforms
- Outstanding communication and presentation abilities, particularly with senior executives and Board members
- Excellence in developing credit talent and building high-performing teams
- Superior analytical, problem-solving, and decision-making skills
- Outstanding communication and presentation abilities, particularly with executives and board members
Pay Range and Benefits:Base pay of $135,000 to $165,000 depending on experience
Life Insurance, short- and long-term disability fully paid by Devon Bank
Medical, Dental, Vision and 401k with employer match
