VP Credit Risk

Vibrant Credit Union•Moline, IL

just now

About The Position

Position Overview: The VP of Credit Risk is a senior leadership role responsible for overseeing all credit-related activities within the credit union, including underwriting, commercial lending, credit risk management, and portfolio performance. This role ensures compliance with regulatory standards and internal policies while driving growth in both retail and commercial lending.

Requirements

Bachelor’s, MBA, CPA, or equivalent advanced degree preferred.
10–15 years of experience in credit and lending, with at least 5 years in a senior leadership role.
Proven expertise in commercial and consumer lending, underwriting, and credit risk.
Strong leadership and interpersonal skills.
Deep understanding of credit union philosophy, structure, and regulatory environment.
Hands on leader who actively participates in day-to-day underwriting tasks.

Responsibilities

Strategic Leadership & Oversight
Participate in the development of corporate strategies and policies.
Lead the Credit Division in alignment with the credit union’s mission and strategic goals.
Provide strategic advice on all credit matters to the executive team.
Credit Risk & Underwriting
Oversee underwriting standards and ensure consistent application across all loan types.
Perform underwriting duties as business requires.
Review and approve loans within assigned limits; escalate as needed.
Ensure credit adjudication complies with internal policies and regulatory guidelines.
Commercial Lending
Direct the commercial lending team in origination, structuring and underwriting of loans.
Pursue new business opportunities and maintain relationships with business and community partners.
Monitor commercial loan performance and recommend adjustments to mitigate risk.
Retail Lending
Oversee consumer loan portfolios including auto, equipment, mortgage, personal loans, and lines of credit.
Ensure compliance across all retail lending operations.
Capital Markets
Responsible for assessing risk and recommending participations and pools for purchase.
Establish pre and post purchase quality control underwriting reviews of purchased loans.
Policy & Compliance
Develop, revise, and implement credit policies and procedures.
Respond to audit findings and ensure regulatory compliance.
Monitor risk indicators and recommend mitigation strategies.
Team Leadership & Development
Provide coaching and performance management for direct reports.
Foster a culture of continuous improvement and professional development.
Reporting & Communication
Prepare and present reports on credit performance, risk, and strategic initiatives.
Collaborate with other departments including Finance, Operations, and Marketing.