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VP/Chief Credit Officer

Company: Chino Commercial Bank
Location: Chino
Posted on: August 6, 2022

Job Description:

This position is an on-site position at the Chino Administration location.
Summary
The Chief Credit Officer is responsible for galvanizing and managing all aspects of the credit risk management function including design, execution and communication of policy, approval process, administration, and portfolio analysis. This will require participation in and involve working closely with all members of the executive team, the Board of Directors, Directors Loan Committee, regulators, and individuals at all levels within the organization. Duties include calculating the Allowance for Loan and Lease Loss Reserve (ALLL) and making recommendations to executive management and the Board of Directors for quarterly allocations. The Chief Credit Officer reviews and approves/declines large and complex loans prior to submission to Loan Committee. This position will support an enterprise-wide risk management philosophy toward credit and will ensure that appropriate policies, procedures and systems are developed, implemented and maintained to identify measure, monitor and control credit risks in accordance with Bank policies, standards and applicable regulatory guidelines. The Chief Credit Officer will be mandated to drive and assess the current organization and sub-functions, addressing changes where necessary and applying best in class practices. The efforts will support the Bank's overall objectives aimed at long-term sustainable growth and profitability. This officer must maintain compliance within audit, internal controls, security, BSA, and CTR standards.
Qualifications and Required Skills
A Chief Credit Officer needs strong analytical skills to consider all relevant information about loan applicants and a company's credit situation; also good decision-making skills to avoid high-risk loans and loss of profits for the company they work for. Because of the analyzing of financial data and implementing budgets, mathematical skills are needed. A Chief Credit Officer is also responsible for developing an effective staff team, where strong leadership skills are required, including the ability to train staff regarding financial policy. In reporting to board members and audit personnel, good public speaking and strong interpersonal skills are required. Becoming a Chief Credit Officer requires years of practical experience in the field.
Bachelor's degree (BA) or equivalent from an accredited four year college or university; ten years related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of a financial analyzing or lending background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.

Keywords: Chino Commercial Bank, Chino , VP/Chief Credit Officer, Executive , Chino, California

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