Chief Credit Risk Officer Jobs (NOW HIRING)

Eagle Bank Job Description Job Title:      Chief Credit Officer

Department: Lending

Reports To:     President

FLSA Status: Exempt - Salaried

Location:        Little Rock, AR

SUMMARY:

The Chief Credit Officer is responsible for the overall management of the Banks’ Credit Risk Management function. The Chief Credit Officer will develop. maintain and communicate a credit strategy for the organization appropriate for meeting the Company’s goals and objectives. This position will lead the Credit Risk Management team and will work with the Chief Banking Officer’s organization and key stakeholders to facilitate the origination of new loans and management of the existing portfolio, including the oversight of the Bank’s credit quality. This position will assist the Bank in meeting its overall business plan goals and maximizing loan profitability within risk appetite limitations of the organization. The position is responsible for developing, implementing, and monitoring loan policies, procedures and practices. The ideal candidate will have advanced skills in credit risk management, credit analysis, credit portfolio management, and leadership. This is a senior leadership position that requires a high degree of communication skills who reports to the Chief Risk Officer and provides reporting to the organization’s Management, Bank Board and Holding Company Board risk- related committees.

ESSENTIAL DUTIES & RESPONSIBILITIES include the following:

• Develop, implement, and maintain credit policies and procedures appropriate to manage risk within the company's Risk Appetite for commercial and consumer lending.
• Develop and communicate credit strategy for the organization in partnership with the Chief Banking Officer and other key stakeholders, in line with the Company’s agreed upon goals and objectives.
• Conducts routine team meetings with key stakeholders in areas of responsibility to ensure alignment and engagement.
• Develop credit risk appetite to promote the strategic direction of the Bank in conjunction with the Enterprise Risk Management program.
• Partner with Chief Banking Officer and Chief Human Resources Officer to develop and deploy on-going credit training programs for credit risk and banking teams.
• Be a strategic leader and advocate of the Bank’s credit culture, ensuring it is understood by all key stakeholders and consistent with management’s standards and expectations.
• Develop, implement, and maintain an appropriate Credit Portfolio Management program that includes reporting and analysis to monitor credit performance for management, the Bank Board and the Risk Committee of the Board of Directors.
• Participate in the Bank’s Loan Committee to ensure reserves are timely and appropriate based on the environment and quality of the loan book.
• Ensure working knowledge of the accounting and SEC reporting principles, including related impacts of credit decisions and other financial matters, including financial statement disclosures.
• Maintain the highest individual loan authority, as granted by the Bank Board, up to the house limit.
• Ensure credits are structured to align with the Bank’s Credit Policy guidelines and client needs, in conjunction with lending teams.
• Directly interface with banking regulators, as needed.
• Manage direct reports and their successful performance.
• Apply superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits.
• Maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.
• Coordinate preparation and distribution of accurate credit information covering loan quality trends, growth trends, loan product concentrations on a timely basis.
• Leads credit diligence teams to review credit portfolio of any potential bank acquisitions.
• Ensures compliance with state and federal regulatory guidelines.

QUALIFICATIONS:

•        Bachelor’s Degree and/or equivalent experience.

•        Ability to analyze financial statements, tax returns, cash flows, and credit reports to make sound lending decisions.

•        Strong initiative in independent decisions, business development, and customer relationship management.

•        Excellent verbal and written communication skills; ability to explain loan terms, provisions, and requirements clearly.

•        Ability to work collaboratively with processors, underwriters, and entire loan team in a team environment.

•        Active community development and the ability to represent the bank professionally in all circumstances.

REASONABLE ACCOMODATION STATEMENT:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodation(s) may be made to enable qualified individuals to perform the essential job functions.

PHYSICAL DEMANDS:

Manual dexterity for computer work and cash handling/plus lifting boxes/files, typing, standing, extended reaching, etc.

This job description is not intended to be all inclusive and there may be additional duties and responsibilities assigned, as well as modified to meet the organization’s needs as they occur. This job description does not constitute an employment contract, and this position is an “At-Will” employment position.