FAQs
Is this position eligible for remote work?
No, this is not a remote/work from home opportunity.
Who will the Chief Credit Officer report to?
The Chief Credit Officer will report to the Chief Executive Officer.
What are the main responsibilities of the Chief Credit Officer?
The Chief Credit Officer oversees all aspects of the bank's credit risk management function, ensures compliance with lending laws and regulations, manages loan administration and credit-related activities, and provides credit decisions and underwriting strategy.
What qualifications are required for the Chief Credit Officer role?
A Bachelor’s degree in finance, accounting, statistics, or a related field is required, along with 15+ years of commercial banking experience in credit administration, analysis, and risk mitigation. An MBA or CPA is a plus.
Is prior experience in retail banking necessary?
While retail banking management experience is considered a plus, strong experience in commercial lending, particularly in commercial real estate and construction, is essential.
What skills are essential for the Chief Credit Officer position?
Strong understanding of loan underwriting, the lending process, regulatory guidance, problem loan management, excellent communication skills, and strong management abilities are essential.
What is the salary range for the Chief Credit Officer position?
The salary range for the Chief Credit Officer position is between $180,000 and $249,999 annually.
Will I need to manage a team in this role?
Yes, the Chief Credit Officer will manage the credit analysis and administration teams, including recruitment, development, compensation, and performance management.
Are there opportunities for professional development in this role?
Opportunities for professional development may arise through the responsibilities and involvement in bank committees, as well as engagement in industry functions.
What type of experience is preferred regarding loan management?
Experience in small and middle market lending, credit experience specifically in commercial and industrial lending, and knowledge of allowance for loan loss management is preferred.