Job Summary
Senior credit policy and governance role responsible for coordinating with business line on development, management and communication of policies, guidelines, and processes, along with the tools supporting underwriting and delivery of credit. Responsibilities will be scoped based on the Credit Policy and Regulatory Oversight Teams objectives of aligning, governing, interpreting and training on policy, guidelines and regulatory requirements in accordance with overall bank strategies and risk appetite.
Oversight responsibilities will include a broad focus on Credit Manual governance and oversight activities.
Specific oversight responsibilities may also be focused as the lead credit policy specialist for development and maintenance of specific areas of lending focus. Specifically, work with commercial lines of business credit officers and production staff to identify develop and implement credit policies guidelines and procedures; assist with oversight and coordination of development and delivery of credit training. Responsible for monitoring adherence to established policies and guidelines, compliance with regulations, and consulting regarding credit issues.
We are an in-office culture and provide locations throughout our footprint inMinneapolis / St Paul, Chicago area, Milwaukee, Grand Rapids, Ann Arbor MI, Indianapolis, Evansville IN, Louisville KY, and Nashville TN.
Salary Range
The salary range for this position is $81,700.00/Yr. - $165,100.00/Yr.. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
Key Accountabilities
Draft policies, guidelines, and procedures for discussion, in coordination within the business line collaborating with both Credit and Sales. Recommend policy, guideline, and procedure changes to the Credit Policy Director and the Credit Policy Committee. Manage process for obtaining approval. Ensure Credit Manual remains updated to meet the needs of various business segments and regulatory environment.
- Collaborate and coordinate with business line to ensure effective interaction with all enterprise departments impacting credit.
- Provides advisory input on complex credit structures and policy interpretation.
- Identify, prioritize, and coordinate needs for credit products, services, and support. Act as a SME business owner on projects as needed. Assist in exception framework enablement and ongoing monitoring of exceptions to policy and guidelines.
- Leverage portfolio trends, exception data, and risk metrics to inform policy design, thresholds, and guardrails, in coordination with leadership. Communicate changes to policies, guidelines, and procedures in the field.
- Provide training, as needed.
- Oversee implementation of changes. Consult with key stakeholders on interpretation and implementation of policies, guidelines, and procedures.
Assist in the organize and inventory of credit manual sections to advance governance, documentation standards and ease of use and clarity.
- Assist with the coordination of responses and remediation related to policy-related exam findings, MRA/MRIA actions, and internal audit issues.
- Document the credit manual change process including clearly defining change management cadence and timelines and communicate process changes with all key constituents.
- Tracks approval and effective dates and ensures timely policy reviews are completed .
- Consult with and provide analytical support to bankers, analysts, Credit Policy Director and Chief Credit Officer on credit issues and questions.
Key Competencies for Position
- Strong leadership skills in processes, projects and people.
- Ability to effectively communicate both orally and in writing with internal and external