Chief Credit Officer

Ford

11h

About The Position

Direct the development and execution of the Bank's credit risk management program to align with the Bank's governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation Establish and maintain effective credit risk management program underwriting standards, strategies, and procedures and processes including but not limited to: consumer and commercial lending applicant underwriting standards and controlled formal exception approval and monitoring processes for each product offered by the Bank; minimum standards for the requirement of when investigation and verification of applicant and contract data is required; collection and vehicle repossession strategies, tactics, and record keeping; evaluation and oversight of external party business relationships; process for establishing accurate vehicle residual values that consider the effects of depreciation and expected market conditions and procedures to manage the end of lease term process; and management and maintenance of credit risk stress testing scenarios and processes; Approve the tools, models, and strategies used to quantify loss expectations and optimize collection resources, and to assess recovery expectations and optimize recovery resources Create minimum requirements for model performance tracking and measure the effectiveness of the scoring systems used for credit, collections, and recovery strategies on a regular basis Establish comprehensive risk reporting processes and metrics to monitor overall portfolio quality and credit performance, effectiveness of loss mitigation and collection strategies, performance and/or use of collections remedies, and policy compliance Provide independent oversight and reporting to the Board and management on key credit risks, credit risk trends, and credit risk mitigation, including regular reporting at the transaction, product segment, product, and portfolio levels on policy exception volumes, performance, credit concentrations and other analysis Maintain allowance for credit losses at appropriate levels and document its analyses in accordance with relevant concepts and requirements Conduct quarterly reviews of residual impairment to determine if an impairment reserve needs to be established or adjusted and report results Act as the primary contact for regulatory examinations, internal audits, and external audits of the credit risk management programs. Respond to exams and audit concerns and coordinate corrective action of all related findings Oversee activities of the credit risk management team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives Represent the Bank in civic and community reinvestment functions

Requirements

• A minimum of 2 years' experience as a Credit Officer
• Advanced knowledge of lending interagency regulations and applicable state laws
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information
• Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives

Responsibilities

• Direct the development and execution of the Bank's credit risk management program
• Establish and maintain effective credit risk management program underwriting standards, strategies, and procedures and processes
• Approve the tools, models, and strategies used to quantify loss expectations and optimize collection resources, and to assess recovery expectations and optimize recovery resources
• Create minimum requirements for model performance tracking and measure the effectiveness of the scoring systems used for credit, collections, and recovery strategies on a regular basis
• Establish comprehensive risk reporting processes and metrics to monitor overall portfolio quality and credit performance, effectiveness of loss mitigation and collection strategies, performance and/or use of collections remedies, and policy compliance
• Provide independent oversight and reporting to the Board and management on key credit risks, credit risk trends, and credit risk mitigation
• Maintain allowance for credit losses at appropriate levels and document its analyses in accordance with relevant concepts and requirements
• Conduct quarterly reviews of residual impairment to determine if an impairment reserve needs to be established or adjusted and report results
• Act as the primary contact for regulatory examinations, internal audits, and external audits of the credit risk management programs
• Oversee activities of the credit risk management team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives
• Represent the Bank in civic and community reinvestment functions

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year's Day
• Paid time off and the option to purchase additional vacation time

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees