Credit Policy & Reg Ovrst Spec

Old National Bank•Lake Elmo, MN

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values. The Credit Regulatory Oversight Specialist position will have responsibilities over coordinating regulatory oversight with business lines. The specialist will work with the Credit Policy and Regulatory Oversight Director to ensure regulatory compliance and serve as a representative for the bank to regulatory agencies, Internal Audit, Loan Review, and self‑identified remediation plans to meet the requirements of regulatory expectations. This role will be responsible for monitoring regulatory developments, conducting risk assessments, and facilitating examination coordination. They may also be engaged in supporting audits and examinations. This role will perform portfolio analysis to assess Old National’s credit risk and coordinate interactions relating to credit with external regulators and internal examiners and auditors. The position requiring strong ownership of regulatory obligations, proactive risk identification, rigorous documentation, timely escalation, and consistent execution aligned with the bank’s risk appetite.

Requirements

Bachelor’s degree or equivalent work experience and 8 years of relatable credit experience.
Advanced knowledge of laws, regulations, and regulatory trends that impact the financial services industry.
Understanding of risk and control environments.
Knowledge of Risk/Compliance/Audit competencies.
Demonstrated ability to exercise independent sound risk judgment and provide advisory guidance regarding heightened‑standards expectations.

Responsibilities

Regulatory Compliance & Examination Coordination Coordinates examinations and leads projects with collaboration from the Credit Policy Director to ensure compliance with federal, state, and local laws and regulations.
Tracks internal and external examination cycles and coordinates response recommendations with the 1st and 2nd Lines of Defense.
Serves as the point of communication with regulators, internal auditors, and examiners for assigned credit segments; resolves recommendations and MRAs.
Works with and implements directives from regulatory agencies.
Ensures compliance with regulatory requirements and guidance.
Serve as subject matter expert/lead regarding credit line of business initiatives, focused on regulatory exams and heightened standards.
Demonstrates heightened accountability for documentation completeness, accuracy, and timeliness, consistent with business risk and heightened‑standards expectations.
Ensures issues, gaps, and emerging risks are escalated promptly and remediated according to regulatory expectations and internal governance requirements.
Risk Management & Policy Influence Partners with the Credit Policy and Oversight team, business line leaders, Risk, and Compliance to oversee adherence to the risk management framework.
Ensures active identification, response, and/or escalation of risks as appropriate.
May influence policies and procedures in alignment with the bank’s strategic plan and risk appetite to minimize regulatory exposure.
May assist in enhancing processes and procedures as needed.
Executes responsibilities with sound risk judgment and a risk‑first mindset, ensuring decisions reflect ONB’s risk appetite and Heightened Standards.
Ensures adequate controls, monitoring routines, and testing procedures are in place to meet regulatory expectations and minimize operational, compliance, and reputational risk.
Stakeholder Engagement & Advisory Support Accountable for effective partnerships between Credit Administration, Lines of Business, and Lines of Defense.
Consults with and provides analytical support to bankers, analysts, the Credit Policy Director, and the Chief Credit Officer on credit issues and questions.
Actively stays abreast of regulatory developments and ensures key stakeholders are informed of changes impacting business lines or departments.
Provides credible challenge to business lines and partners to ensure alignment with regulatory obligations, risk appetite, and governance expectations.
Supports a culture of risk ownership, transparency, and disciplined execution across stakeholder groups.
Training & Development Coordination Coordinates the identification of training needs.
Works with HR to develop or source training from external providers.
Coordinates delivery of training.
Helps ensure training content and execution meet heightened‑standards requirements for documentation, comprehension, and consistency across business lines.