Chief Credit Officer
Chief Credit OfficerExecutive 2, Role EVA OfficeThe Chief Credit Officer, a member of the bank's Executive Council and Loan Committee, is the senior executive responsible for managing the Credit Department to ensure a proper credit risk culture and has ownership of Board approved lending policies.
In this role, the executive provides oversight of the credit granting process, provides credit guidance to lenders and underwriters, determines the Allowance for Credit Losses.
and chairs the Credit Risk Management Committee.
This position has significant contact with the Board of Directors and represents the Bank to regulatory agencies in applicable areas.
Reporting to the Chief Executive Officer, the Chief Credit Officer leads the evolution of the credit risk function for the organization.
The Chief Credit Officer will manage a team of senior-level direct reports and institute improved processes and policies designed to address the demands of the evolving regulatory environment and equip NCB for future growth.
This individual will continue ongoing enhancements to a credit risk function that meets all regulatory standards and will drive increased independence from the lines of business.
Specifically, the Chief Credit Officer will:
Lead the entire credit risk group through experienced direct reports including SVP, C&I Credit; SVP, CRE, HOA and Coop Credit; SVP Credit Analytics and SVP Special Assets Be responsible for setting overall strategy, making recommendations, and implementing policies and procedures around credit risk management for the organization.
Ensure NCB operates within its credit risk framework and risk tolerances by working in conjunction with the SVP Credit Analytics.
Responsibilities include monthly reporting on credit quality; setting appropriate line of business concentration limits; tracking and reporting on exceptions to credit policy; determining appropriate qualitative adjustments to the Allowance.
Ensure operating policies, procedures, objectives, and goals for each area of responsibility support Bank-wide policies and objectives and meet regulatory expectations.
Communicate and interpret lending policies and ensure that lenders operate in accordance with applicable bank policies, laws and regulations and regulatory guidance.
Maintain and recommend changes to the Bank's loan policies, including with respect to underwriting criteria, loan authorities, and structure requirements.
Evaluate credit delivery processes and serve as a change agent for the consistent implementation of improvements to credit processes, policies and procedures including underwriting, and portfolio management.
Work with lenders in loan triage meetings to provide direction and solutions for customers and prospective customers.
Manage the day-to-day Credit Department and credit approval; serve as an effective partner to the lines of business and work with BDOs, RMs and Underwriters to ensure they understand NCB's credit standards and apply them to meet customer's needs while providing guidance on structure, i.
e.
, covenant package, terms, and conditions.
Oversee construction monitoring and management for all construction related projects including ground up and major renovations.
Uphold credit and ethical standards.
Promote a culture of compliance and ensure adherence to institutional credit policies and regulatory standards throughout the credit risk management group and broader organization.
Liaise regularly with regulators and auditors, fostering productive relationships with these key external constituents and working to resolve all credit-related regulatory issues.
Act as chair of the Credit Risk Management, Allowance for Credit Losses, and Watchlist Committees.
Work closely with the broader management team and board of directors and ensure effective communication of all credit activities/results to internal constituencies.
Develop employees to their full potential and provide challenging opportunities that enhance employee career growth and improve credit skills.
Perform general staff management duties relating to performance of the team members reporting to the Chief Credit Officer Participate in all overall management of the Bank and assist in achieving the long-term profitability, influencing asset quality and prudent long-term strategic direction.
Conduct ad hoc projects and assignments as needed, serves on various senior management committees.
PROFESSIONAL EXPERIENCE/QUALIFICATIONS Minimum 15 years of progressive experience in credit related positions with a banking institution of similar or greater size.
Prior Chief Credit Officer or deputy-level role preferred.
Extensive experience approving complex commercial & industrial and commercial real estate transactions.
Experience with secondary market channels (FNMA and CMBS), and with NMTC, SBA, BIA, and other specialty lending areas preferred.
Experience as a commercial lender preferred.
Prior experience working directly with key regulators, to include the OCC.
Strong working knowledge of OCC Regulation and Guidance as it relates to credit dynamics of a financial institution.
Knowledge of the CECL accounting methodology for estimating allowances for credit losses.
Solid understanding of end-to-end credit processes and proven ability to improve existing underwriting, approval and portfolio management processes.
Ability to build and maintain strategic relationships and partner with all lines of business to provide sound credit management guidance.
Must possess strong logical/critical thought processes.
Outstanding communications, organizational, and execution skills.
Demonstrated ability to recruit, develop, and retain top talent to the organization to ensure adequate succession planning and bench strength, and manage a team of employees with a broad range of experience and technical skills.
Ability and willingness to remain in contact with internal and external contacts on an extended day basis (given national footprint of Bank, including Alaska) EDUCATIONUndergraduate degree required, MBA or other relevant advanced degree preferred.
AA/EOE Recommended Skills Auditing Coaching And Mentoring Construction Credit Management Critical Thinking Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
In this role, the executive provides oversight of the credit granting process, provides credit guidance to lenders and underwriters, determines the Allowance for Credit Losses.
and chairs the Credit Risk Management Committee.
This position has significant contact with the Board of Directors and represents the Bank to regulatory agencies in applicable areas.
Reporting to the Chief Executive Officer, the Chief Credit Officer leads the evolution of the credit risk function for the organization.
The Chief Credit Officer will manage a team of senior-level direct reports and institute improved processes and policies designed to address the demands of the evolving regulatory environment and equip NCB for future growth.
This individual will continue ongoing enhancements to a credit risk function that meets all regulatory standards and will drive increased independence from the lines of business.
Specifically, the Chief Credit Officer will:
Lead the entire credit risk group through experienced direct reports including SVP, C&I Credit; SVP, CRE, HOA and Coop Credit; SVP Credit Analytics and SVP Special Assets Be responsible for setting overall strategy, making recommendations, and implementing policies and procedures around credit risk management for the organization.
Ensure NCB operates within its credit risk framework and risk tolerances by working in conjunction with the SVP Credit Analytics.
Responsibilities include monthly reporting on credit quality; setting appropriate line of business concentration limits; tracking and reporting on exceptions to credit policy; determining appropriate qualitative adjustments to the Allowance.
Ensure operating policies, procedures, objectives, and goals for each area of responsibility support Bank-wide policies and objectives and meet regulatory expectations.
Communicate and interpret lending policies and ensure that lenders operate in accordance with applicable bank policies, laws and regulations and regulatory guidance.
Maintain and recommend changes to the Bank's loan policies, including with respect to underwriting criteria, loan authorities, and structure requirements.
Evaluate credit delivery processes and serve as a change agent for the consistent implementation of improvements to credit processes, policies and procedures including underwriting, and portfolio management.
Work with lenders in loan triage meetings to provide direction and solutions for customers and prospective customers.
Manage the day-to-day Credit Department and credit approval; serve as an effective partner to the lines of business and work with BDOs, RMs and Underwriters to ensure they understand NCB's credit standards and apply them to meet customer's needs while providing guidance on structure, i.
e.
, covenant package, terms, and conditions.
Oversee construction monitoring and management for all construction related projects including ground up and major renovations.
Uphold credit and ethical standards.
Promote a culture of compliance and ensure adherence to institutional credit policies and regulatory standards throughout the credit risk management group and broader organization.
Liaise regularly with regulators and auditors, fostering productive relationships with these key external constituents and working to resolve all credit-related regulatory issues.
Act as chair of the Credit Risk Management, Allowance for Credit Losses, and Watchlist Committees.
Work closely with the broader management team and board of directors and ensure effective communication of all credit activities/results to internal constituencies.
Develop employees to their full potential and provide challenging opportunities that enhance employee career growth and improve credit skills.
Perform general staff management duties relating to performance of the team members reporting to the Chief Credit Officer Participate in all overall management of the Bank and assist in achieving the long-term profitability, influencing asset quality and prudent long-term strategic direction.
Conduct ad hoc projects and assignments as needed, serves on various senior management committees.
PROFESSIONAL EXPERIENCE/QUALIFICATIONS Minimum 15 years of progressive experience in credit related positions with a banking institution of similar or greater size.
Prior Chief Credit Officer or deputy-level role preferred.
Extensive experience approving complex commercial & industrial and commercial real estate transactions.
Experience with secondary market channels (FNMA and CMBS), and with NMTC, SBA, BIA, and other specialty lending areas preferred.
Experience as a commercial lender preferred.
Prior experience working directly with key regulators, to include the OCC.
Strong working knowledge of OCC Regulation and Guidance as it relates to credit dynamics of a financial institution.
Knowledge of the CECL accounting methodology for estimating allowances for credit losses.
Solid understanding of end-to-end credit processes and proven ability to improve existing underwriting, approval and portfolio management processes.
Ability to build and maintain strategic relationships and partner with all lines of business to provide sound credit management guidance.
Must possess strong logical/critical thought processes.
Outstanding communications, organizational, and execution skills.
Demonstrated ability to recruit, develop, and retain top talent to the organization to ensure adequate succession planning and bench strength, and manage a team of employees with a broad range of experience and technical skills.
Ability and willingness to remain in contact with internal and external contacts on an extended day basis (given national footprint of Bank, including Alaska) EDUCATIONUndergraduate degree required, MBA or other relevant advanced degree preferred.
AA/EOE Recommended Skills Auditing Coaching And Mentoring Construction Credit Management Critical Thinking Data Analysis Estimated Salary: $20 to $28 per hour based on qualifications.
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