Chief Lending Officer
Marquette, MI · On-site
Position Summary The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations ...
Chief Lending Officer
Marquette, MI · On-site
Position Summary The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations ...
Chief Lending Officer
Marquette, MI · On-site
Position Summary The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations ...
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Chief Lending Officer
Marquette, MI · On-site
Position Summary The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations ...
Clo Operations information
What are the key skills and qualifications needed to thrive as a CLO (Chief Lending Officer) Operations professional, and why are they important?
To excel in CLO Operations, you need expertise in loan administration, portfolio management, and a solid understanding of financial markets, often supported by a degree in finance or related fields. Familiarity with loan management systems, financial modeling tools, and regulatory compliance platforms is typically required. Strong analytical thinking, attention to detail, and effective communication are crucial soft skills for this role. These skills ensure accurate loan processing, risk management, and smooth coordination across teams in a highly regulated financial environment.
What are some common challenges faced by a CLO Operations professional, and how can they be effectively managed?
CLO Operations professionals often face challenges such as managing complex transaction settlements, ensuring timely and accurate reporting, and keeping up with regulatory changes. These roles require strong attention to detail, effective communication with portfolio managers and third-party vendors, and the ability to quickly resolve discrepancies. Building strong organizational systems and staying updated on industry best practices can help professionals handle these challenges efficiently and maintain smooth operations.
What are CLO Operations?
CLO Operations refers to the processes and activities involved in managing Collateralized Loan Obligations (CLOs), which are complex financial securities backed by a pool of loans. Professionals in CLO Operations handle trade settlements, cash flow modeling, compliance monitoring, reporting, and communication with investors and trustees. Their primary goal is to ensure the accurate and efficient administration of CLO structures, adherence to regulatory requirements, and timely delivery of information to stakeholders. Effective CLO Operations are critical to maintaining the integrity and performance of these investment vehicles.
What is the difference between Clo Operations vs Clo Designers?
| Aspect | Clo Operations | Clo Designers |
|---|---|---|
| Primary Role | Managing and overseeing the production, logistics, and supply chain of CLO (Collateralized Loan Obligations) assets | Creating and designing CLO structures, cash flow models, and deal documentation |
| Required Credentials | Finance certifications (e.g., CFA), experience in asset management or structured finance | Financial modeling skills, background in finance, economics, or related fields |
| Work Environment | Financial institutions, asset management firms, investment banks | Financial institutions, consulting firms, or specialized CLO design teams |
While CLO Operations focus on managing the day-to-day functions of CLO assets, CLO Designers are responsible for structuring and designing CLO deals. Both roles require strong financial knowledge, but their responsibilities differ significantly in scope and focus.
What are popular job titles related to Clo Operations jobs in Michigan? For Clo Operations jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Clo Operations jobs in Michigan look for? The top searched job categories for Clo Operations jobs in Michigan are:
What cities in Michigan are hiring for Clo Operations jobs? Cities in Michigan with the most Clo Operations job openings:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 29 days ago
Range Bank rating
8.9
Based on 5 frontline employees who took The Breakroom Quiz
7th of 141 rated banks
Job description
About Us
We are a well-established, community-focused bank with approximately $600 million in assets and $1.07 billion in assets under management, serving individuals, businesses, and municipalities across the Western Upper Peninsula of Michigan and Northeast Wisconsin. Our headquarters resides in Marquette, MI with an additional eight branch offices. Our mission is to foster financial growth and stability in the communities we serve through personalized service and responsible lending practices.
Position Summary
The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations, including commercial, consumer, and municipal lending. The CLO will also lead the development and execution of strategic initiatives for the Business Banking department, ensuring alignment with the bank's overall strategic plan and vision.
The position is open due to the current CLO being named the successor for our CEO, who has announced their retirement after 28 years of service. This role requires a dynamic leader who can inspire teams, drive innovation, and cultivate a high-performance culture rooted in integrity, accountability, and community values. We pride ourselves in being a consultant to our customers.
The position will require working in-person from one of our branches and will require some travel between our four regions: Marquette County, Copper Country, Kingsford, and Green Bay.
Essential Duties and Responsibilities
Key Responsibilities
• Provide visionary leadership and strategic direction for all lending functions.
• Create, manage, and lead strategic initiatives for the Business Banking department, including product development, client acquisition, and relationship management.
• Develop and implement lending strategies that support the bank's growth, profitability, and risk management objectives.
• Work closely with SVP-Commercial Credit Department Manager to ensure high quality underwriting, presentation and maintenance of commercial credits.
• Work closely with VP-Credit Administration Officer to ensure proper documentation, efficient operations, regulatory reporting and compliance for business and consumer loans.
• Actively participate in Officer, Directors and Board Loan Committees and provide guidance on credit decisions, loan structuring, and risk rating.
• Actively participate in Asset Liability Management and Problem Loan Committee.
• Oversee the development and maintenance of lending policies and procedures in compliance with regulatory requirements.
• Oversee, manage, and adjust, as necessary, individual and committee loan authorities.
• Monitor loan portfolio performance, identify trends, and report regularly to the CEO and Board of Directors.
• Collaborate with Chief Home Mortgage Officer on products, pricing and strategic direction.
• Collaborate with senior leadership on strategic planning, budgeting, and asset-liability management.
• Ensure successful outcomes in internal and external audits and regulatory examinations.
• Mentor, manage and develop lending staff, fostering a culture of accountability, service excellence, and professional growth.
• Represent the bank in the community, building relationships with key clients, civic leaders, and business organizations.
Leadership Qualities
• Strategic thinker with the ability to align departmental goals with the bank's long-term vision.
• Inspirational leader who motivates teams and builds trust across departments.
• Strong decision-maker with sound judgment and a commitment to ethical lending practices.
• Excellent communicator who can clearly articulate goals, expectations, and feedback.
• Collaborative partner who works effectively with executive leadership and board members.
• Change agent who embraces innovation and continuous improvement.
Qualifications
Required
• Bachelor's degree in finance, business administration, or related field; MBA or Graduate School of Banking preferred.
• Minimum of 10 years of progressive experience in banking, with at least 5 years in a senior lending or credit leadership role.
• Proven track record in commercial lending and portfolio management.
• Strong understanding of lending regulations, credit risk, and compliance.
• Demonstrated success in leading business banking initiatives and teams.
• Exceptional leadership, communication, and strategic planning skills.
• Commitment to community banking values and relationship-based lending.
Preferred
• Experience with municipal lending and small business development.
• Ability to analyze complex financial statements and credit information.
• Proficiency in loan systems and reporting tools.
Benefits
• Paid time off
• Volunteer time off (1 day per year)
• Paid holidays (9.5 days per year)
• Health insurance through Blue Cross Blue Shield of Michigan
• Telehealth with $0 copay
• HSA plan options, including employer contribution
• Vision
• Dental
• 401(k) retirement plan with up to 6% match (after 1 year)
• Short term disability insurances (paid 100% by company)
• Long term disability insurance (paid 100% by company)
• Life insurance (paid 100% by company)
• Voluntary life insurance
• Employee Assistance Program
• Employee Stock Purchase Plan
This job description reflects management's assignment of essential functions; and nothing in this herein restricts management's right to assign or reassign duties and responsibilities to this job at any time.
We are a well-established, community-focused bank with approximately $600 million in assets and $1.07 billion in assets under management, serving individuals, businesses, and municipalities across the Western Upper Peninsula of Michigan and Northeast Wisconsin. Our headquarters resides in Marquette, MI with an additional eight branch offices. Our mission is to foster financial growth and stability in the communities we serve through personalized service and responsible lending practices.
Position Summary
The Chief Lending Officer (CLO) is a key member of the executive leadership team, responsible for the strategic direction, oversight, and performance of the bank's lending operations, including commercial, consumer, and municipal lending. The CLO will also lead the development and execution of strategic initiatives for the Business Banking department, ensuring alignment with the bank's overall strategic plan and vision.
The position is open due to the current CLO being named the successor for our CEO, who has announced their retirement after 28 years of service. This role requires a dynamic leader who can inspire teams, drive innovation, and cultivate a high-performance culture rooted in integrity, accountability, and community values. We pride ourselves in being a consultant to our customers.
The position will require working in-person from one of our branches and will require some travel between our four regions: Marquette County, Copper Country, Kingsford, and Green Bay.
Essential Duties and Responsibilities
Key Responsibilities
• Provide visionary leadership and strategic direction for all lending functions.
• Create, manage, and lead strategic initiatives for the Business Banking department, including product development, client acquisition, and relationship management.
• Develop and implement lending strategies that support the bank's growth, profitability, and risk management objectives.
• Work closely with SVP-Commercial Credit Department Manager to ensure high quality underwriting, presentation and maintenance of commercial credits.
• Work closely with VP-Credit Administration Officer to ensure proper documentation, efficient operations, regulatory reporting and compliance for business and consumer loans.
• Actively participate in Officer, Directors and Board Loan Committees and provide guidance on credit decisions, loan structuring, and risk rating.
• Actively participate in Asset Liability Management and Problem Loan Committee.
• Oversee the development and maintenance of lending policies and procedures in compliance with regulatory requirements.
• Oversee, manage, and adjust, as necessary, individual and committee loan authorities.
• Monitor loan portfolio performance, identify trends, and report regularly to the CEO and Board of Directors.
• Collaborate with Chief Home Mortgage Officer on products, pricing and strategic direction.
• Collaborate with senior leadership on strategic planning, budgeting, and asset-liability management.
• Ensure successful outcomes in internal and external audits and regulatory examinations.
• Mentor, manage and develop lending staff, fostering a culture of accountability, service excellence, and professional growth.
• Represent the bank in the community, building relationships with key clients, civic leaders, and business organizations.
Leadership Qualities
• Strategic thinker with the ability to align departmental goals with the bank's long-term vision.
• Inspirational leader who motivates teams and builds trust across departments.
• Strong decision-maker with sound judgment and a commitment to ethical lending practices.
• Excellent communicator who can clearly articulate goals, expectations, and feedback.
• Collaborative partner who works effectively with executive leadership and board members.
• Change agent who embraces innovation and continuous improvement.
Qualifications
Required
• Bachelor's degree in finance, business administration, or related field; MBA or Graduate School of Banking preferred.
• Minimum of 10 years of progressive experience in banking, with at least 5 years in a senior lending or credit leadership role.
• Proven track record in commercial lending and portfolio management.
• Strong understanding of lending regulations, credit risk, and compliance.
• Demonstrated success in leading business banking initiatives and teams.
• Exceptional leadership, communication, and strategic planning skills.
• Commitment to community banking values and relationship-based lending.
Preferred
• Experience with municipal lending and small business development.
• Ability to analyze complex financial statements and credit information.
• Proficiency in loan systems and reporting tools.
Benefits
• Paid time off
• Volunteer time off (1 day per year)
• Paid holidays (9.5 days per year)
• Health insurance through Blue Cross Blue Shield of Michigan
• Telehealth with $0 copay
• HSA plan options, including employer contribution
• Vision
• Dental
• 401(k) retirement plan with up to 6% match (after 1 year)
• Short term disability insurances (paid 100% by company)
• Long term disability insurance (paid 100% by company)
• Life insurance (paid 100% by company)
• Voluntary life insurance
• Employee Assistance Program
• Employee Stock Purchase Plan
This job description reflects management's assignment of essential functions; and nothing in this herein restricts management's right to assign or reassign duties and responsibilities to this job at any time.
About RangeBank
Sourced by ZipRecruiter
Industry
Commercial banking
Company size
51 - 200 Employees
Headquarters location
Marquette, MI, US
Year founded
1887