Summary / Objective
The SVP, Chief Credit Officer, is responsible for the overall management of the Bank’s Credit, Lending Compliance and Loan Servicing Departments, including the underwriting and loan review analysis process for all loan types, and all functions providing lending support, direction, credit information, and processes to ensure the overall quality of and compliance of the Bank’s lending portfolio. This incumbent oversees all loan portfolios with the objective of maintaining high-quality borrowing strategies and implementing both risk-mitigation and loan compliance maintenance strategies as well.
Essential Job Functions:
- Establish underwriting guidelines, manage the process and lead the staff to ensure the consistency of the loan applications’ financial analysis and renewal credits through sound underwriting procedures to maintain the Bank’s lending portfolio asset quality for all lending portfolios
- Review loan approvals prior to submission to the Security Committee and coordinates with the Chief Executive Officer and President and EVP & Chief Lending Officer on loan structures and/or agenda items (including but not limited to minutes, reports, discussion items, etc.)
- Direct and manage the appraisal ordering and review process to ensure the appraisal was properly performed by an authorized appraiser and the value was factored properly into the underwriting process
- Direct the risk rating of the lending portfolio through ongoing management of the Credit Management Officer. Establishes the process to ensure loan risk ratings are adjusted timely and appropriately with support and reflected to each credit and aggregated to the entire lending portfolio’s asset quality
- Direct and manage all the internal/external loan audit and review programs, which provides periodic review of a fair representation of the lending portfolio as part of the asset quality risk management program
- Collaborate with the Chief Executive Officer and President and EVP, Chief Lending Officer to build safe and sound lending practices and credit culture in managing the Bank’s loan portfolio
- Monitor all loan portfolios to ensure lenders and loan processing staff operate in accordance with applicable laws and regulations, as well as the Bank’s policies and procedures approved by the Board.
- Facilitate communication internally with other departments to manage Bank accurate reporting and data
- Provide accurate findings to the Security Committee regarding the loan portfolio quality, including delinquencies, nonaccruals, loan concentrations and profitability analyses
- Responsible for coordinating with and responding to the examiners on all credit related matters
- Design, plan, implement, monitor and evaluate credit programs, policies and procedures and recommend or make changes, as necessary
- Direct areas of loan compliance, loan systems, loan documentation and adherence to loan policies and procedures
- Oversee the Bank’s secondary market sales activities, and keeps abreast of secondary market regulatory development and products
- Identify credit risk situations and provide guidelines for the line of business managers
- Assist with the timely identification of problem loans, makes recommendations for assignments of loans to review loan list that is reviewed quarterly with the Board
- Direct and oversee the preparation of risk management reports, commercial loan portfolio concentration reports, real estate appraisal evaluations, and audit portfolio administration
- Maintain the privacy of customer information and the security of all records
- Determine if credits meet sound underwriting standards
- Serve on and attend all Board committees as requested, and management committees including IT, Compliance, ALCO, CECL
