Chief Credit Officer

Job Description

The Chief Credit Officer exercises overall management of the bank’s loan portfolio, loan approvals, loan concentrations, and risk management. Provides support and direction to lending staff and oversees loan policies and procedures to ensure the overall quality of the bank’s lending portfolio. Supervises collection of problem loans and develops strategies to minimize charge-offs. Recommends and assigns credit approval authorities in conformity with board-approved policies and maintains ongoing control over the credit risk rating system.

The Chief Credit Officer is the primary driver of the credit culture and ensures a high quality, low risk loan portfolio that reflects the risk appetite as outlined by the board. Takes a key role in the development of new credit products, works closely with the loan production groups to ensure credit decisions are made promptly, and communicates credit policy clearly to facilitate good customer service.

Responsibilities

• Act as Chairman of the Loan Committee.
• Exercise oversight of the bank’s risk management to control risk in the credit portfolio, maintain quality control over all risk management processes, and minimize credit losses.
• Chair the Loan Classification Committee which oversees adequacy of risk ratings, accrual status, regulatory compliance, loan policy conformance, and recovery of problem loans and disposition of foreclosed assets.
• Review and analyze credits as needed to determine if all credits submitted for approval meet sound underwriting standards and do not pose greater-than-acceptable risk.
• Establish and analyze financial metrics of the bank’s loan portfolio for adherence to regulatory guidelines and identify potential areas of weakness or concentrations that produce more than acceptable risk.
• Assist management in establishing financial metrics for revenue enhancement, cost controls, and loan pricing to guide strategic business decisions.
• Oversee end-to-end credit risk management oversight for the bank’s third‑party relationships.
• Create policies, standards, processes, metrics, tools, and analytics to inform management and the board on third‑party organizations’ current and emerging credit risks.
• Provide leadership and management to loan operations employees to ensure satisfactory performance.
• Direct and outline expectations for relationship managers, loan operations, and all lending staff.
• Develop and implement the CECL model and provide quarterly analysis of the adequacy of the loan‑loss allowance.
• Act as primary contact for regulators during safety and soundness examinations, and collaborate with regulators, auditors, and third‑party loan reviewers.
• Lead, motivate, train, direct, and supervise direct reports.
• Perform periodic and annual reviews of direct reports.
• Pursue pertinent professional development opportunities.
• Prepare management, regulatory, and board of directors reports regarding loan portfolio performance and trends.
• Approve and coordinate changes and improvements in automated financial and management information systems related to the bank’s loan portfolio.
• Assist in building annual organizational goals and individual performance plans for direct reports.

Education & Experience

Key Competencies

Position location : Memphis, TN

#J-18808-Ljbffr