VP/Chief Credit Officer
Company: Chino Commercial Bank
Location: Chino
Posted on: August 6, 2022
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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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