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VP, Chief Credit Officer

  • Dallas, Texas
  • Full Time

Apply for the VP, Chief Credit Officer position

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Office Status: On-Site
Salary: $200,000 to $240,000

Responsibilities:

  • Overseeing and performing loan underwriting and loan reviews. Making recommendations on loan structure, terms, and pricing to mitigate credit risk. Ensuring loan policy exceptions are documented, tracked, and reported to relevant stakeholders. Monitoring, tracking, and reporting covenant compliance.
  • Overseeing and regularly assessing and reporting loan performance and escalating signals of deteriorating credit quality. Ensuring that loan ratings are accurate and timely updated. Leading management, oversight, and reporting for watchlist, criticized, and classified assets.
  • Establishing effective loan credit analysis and stress testing tools, methodologies, metrics, and reports. Applying these tools to assess and report credit risk for the overall loan portfolio and relevant subsets and dimensions (e.g., concentrations).
  • Ensuring that expected credit losses, loan loss reserves, impairments, and charge-off calculations, processes, and procedures are accurate, timely, and consistent with regulations and industry standards.
  • Monitoring, assessing, and reporting the impact of economic trends and industry conditions on credit risks to inform the Bank’s strategies and identify potential strategic adjustments.
  • Ensuring that loan documentation, systems, and procedures are properly designed and effectively executed.
  • Analyzing investment portfolio risk and providing reporting relevant risk metrics. Overseeing, performing, and reporting pre- and post-purchase investment analysis.
  • Monitoring and reporting adherence of loans and investments to Board-approved risk limits, risk appetite, and policy requirements. Timely escalating and reporting non-adherence to management stakeholders and the Board along with remediation plans.
  • Designing, updating, and implementing credit and investment policies, procedures, and controls that are effective, efficient, and consistent with regulations. Updating policies and procedures including ensuring appropriate stakeholder review and governance approval. Communicating updates and providing training to ensure understanding across the Bank.
  • Monitoring the execution of credit and investment policies and procedures and timely identifying deviations and ensuring that deviations are promptly corrected and reported.