Chief Credit Officer – Job # 3413

Symicor Group•Bridgeport, CT

17h•Onsite

About The Position

Our bank client is seeking to fill a Chief Credit Officer role in the Bridgeport, CT area. The selected candidate will be responsible for providing leadership and support of all credit department operations. The position includes a salary of up to $175K and an excellent benefits package. (This is not a remote position)

Requirements

Bachelor’s degree from a four-year institution in finance or accounting
Minimum 10 years of experience in leadership, credit, and risk management, and credit approval of both consumer and commercial lending
Computer skills including Windows-based software, word processing and spreadsheet applications, and bank software.
3 years of experience as a CCO with a bank of $5B in assets or more.

Responsibilities

Act as Chairman of the Loan Committee
Exercise oversight of the bank’s risk management to control risk in the Bank’s credit portfolio, maintain quality control over all parts of the risk management process, and minimize credit losses. Monitor the credit portfolio through periodic reviews of all underlying data.
Chair the Loan Classification Committee which exercises oversight for adequacy of risk ratings, accrual status, regulatory compliance, loan policy conformance, and recovery of problem loans and the disposition of foreclosed assets.
Review and analyze credits as needed to conduct assigned credit approval authority; Determine if all credits submitted for approval meet sound underwriting standards and do not pose a greater-than-acceptable risk.
Establish and analyze financial metrics of the Bank’s loan portfolio for adherence to regulatory guidelines and analyze credit portfolios to pinpoint potential areas of weakness or concentrations that produce more than acceptable risk. Assist the management team in establishing financial metrics for the Bank’s loan portfolio for revenue enhancement, cost controls, and loan pricing to guide bank management in improving earnings and making strategic business decisions.
Responsible for creating policies, standards, processes, metrics, tools, and analytics to inform management and the board of third-party organizations' current and emerging credit risks.
Provide leadership and management to Loan Operation employees to ensure satisfactory performance, adequate
Provide direction and outline expectations for Relationship Managers, Loan Operations, and ultimately all lending staff
Responsible for the development and implementation of the CECL model and providing quarterly analysis of the adequacy of the loan loss allowance
Primary contact to work with regulators in conducting their safety and soundness examines and to establish a strong level of creditability with all regulators, external auditors, and third-party loan reviews
Led, motivated, trained, directed, and supervised direct reports
Perform periodic and annual reviews of all direct reports
Pursue pertinent professional development opportunities
Prepare various management, regulatory, and Board of Directors reports regarding loan portfolio performance and trends.
Approve and coordinate changes and improvements in automated financial and management information systems relating to the Bank’s loan portfolio.
Assist in building annual organization goals as well as individual performance plans for direct reports
Approve and coordinate changes and improvements in automated financial and management information systems relating to the Bank’s loan portfolio.