SVP Chief Credit Officer
$135,000–$165,000 year
On-siteChicago, Illinois, United States
Job Summary
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. Represent the institution in regulatory audits and examinations related to credit operations, ensuring compliance with all applicable laws and regulations. Collaborate with senior management to align credit goals with overall strategic objectives. Develop training programs for credit department staff to enhance their risk assessment skills and knowledge of industry regulations. Base pay ranges from $135,000 to $165,000, with benefits including life insurance, disability coverage, and a 401k match.
Required Qualifications
- Proven experience managing credit functions in a bank environment
- Bachelor's degree in finance, Business, or related field
- 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
Desired Qualifications
- MBA or advanced degree preferred
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