MD Head of Credit Markets

Bancorp Bank, The•Wilmington, DE

3d•Hybrid

About The Position

Head of the organization’s credit function, managing the entire Credit Markets team. At The Bancorp, we’ve spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes. Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

Requirements

An undergraduate degree in finance, business or a related field or an equivalent combination of training and experience.
A minimum of 10 years related credit management experience in the financial services industry.
A minimum of 5 years of business leadership skills with experience managing large high performing teams in a complex organization.
Strong working knowledge of audit, operational risk management and compliance protocols and standards as well as banking rules and regulations.
Excellent verbal, written, and interpersonal communication skills.
A team player, able to work effectively in a team fostered, multi-tasking environment.
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.

Responsibilities

Directs strategic short and long term credit management, oversight and planning for the organization. Sets strategy, direction, methodology, policies, and guidelines for credit management, administration and controls including establishing management and administrative procedures to ensure adherence to policies and providing approval procedures and guidelines on credit limits by type of product and/or transaction.
Works directly with the Board of Directors to formulate and implement the organization’s credit management, administration and control policies.
Executes a corporate-wide compliance and operational credit management framework and strategy by leading credit management activities and responses covering all the diverse Bancorp businesses. Be an advocate for the company’s credit management standards among senior management and the executive team and promote, encourage and demand a strong credit management culture among business line executives.
Identifies, measures, controls, and monitors top credit and associated risk issues for the company. Prepares and delivers company summary reports and presentations for senior leadership and the Board on the state of credit and loan risk throughout the enterprise. Develops a set of key credit risk indicators to provide an early warning system of the firm’s top credit risks.
Participates as an active member of various senior management committees in decisions affecting the overall direction and strategy for the corporation. Attends various Loan and Credit Committees and Enterprise Risk and Compliance Committees.
Acts at all times in the best interests of the organization to introduce, update and maintain credit risk and other financial and operational controls in the loan operations to minimize risks and ensure compliance with all federal agency and banking rules and regulations governing the industry and its products. Works closely with the various operational areas to ensure all business operations, credit decisions, etc. are in accordance with all applicable regulatory rules and regulations.
Leads the team. Develops and executes a workforce plan to meet business goals. Interview, hire, set high performance standards and manage team performance in accordance with all applicable HR policies and procedures. Creates an energized work environment, fostering an atmosphere that enables employee trust and engagement. Inspires confidence and motivate others to perform at their best. Develops and coaches staff while effectively addressing performance issues.
Acts as a liaison and credit subject matter expert to compliance, risk, audit and operational staff and business unit leaders throughout the company. Promotes cross-divisional conversations and sharing of experiences. Provides advice and counsel to business unit leaders on credit risk management and administration activities. Leads routine and ad hoc meetings to market, communicate, and discuss new, improved, or changing credit risk management, controls and administrative procedures, training and processes.
Represents the company in relationships with key audit firms as well as other outside parties and banking officials. Negotiates business alliances and strategic partnerships as needed.
Works closely with governmental agencies and auditors during FDIC, FRB, and other related audits. Provide leadership, consultation and advice to internal departments during audits. Implement audit recommendations in the business operations and continuously sponsor and act as a role model to adopt controls to ensure compliance and minimize losses for the company.
Leads other related initiatives as assigned.