Chief Credit Officer - Catskill, United States - The Bank of Greene County

Description

DEPARTMENT:
Senior Management


LOCATION:
288 Main Street Catskill, NY 12414


REPORTS TO:
Chief Administration Officer


SUPERVISES:
Credit Manager, Officer and Senior Credit Officer


FLSA:
Exempt


SALARY RANGE:
$145,000 - $245,000 per year plus bonus, commensurate with experience


POSITION SUMMARY:

The Chief Credit Officer is responsible for the overall credit administration of the Bank's lending activities and loan portfolio including planning, leading, directing and controlling the credit functions and maintaining the Bank's overall credit risk exposure.

This position establishes and implements commercial, consumer, and mortgage lending objectives, policies, and practices, and operates within established lending authority and guidelines.

The Chief Credit Officer is responsible for the overall profitability and quality of the bank loan portfolio.

Requirements


EDUCATION & EXPERIENCE:

• Bachelor's Degree in business, finance or related area or equivalent experience within a financial institution, lending department or similar area.
• Minimum 10 years of work experience in mortgage and consumer lending, commercial lending or finance including direct management experience and strong understanding of credit policies, financial data evaluation and underwriting standards for real estate and asset backed lending.
• Extensive knowledge of applicable laws, rules, and regulatory guidelines for financial institutions for both commercial and consumer lending.
• Thorough knowledge of real estate, commercial, and consumer lending practices and the related regulatory environment to make informed recommendations on deal structure and risk mitigation.
• Portfolio management experience utilizing regular reporting and key risk indicators to identify and communicate performance trends over time.
• Excellent communication (written and oral) and analytical skills including the use of Microsoft Office and financial analytic software.
• Superior customer service and interpersonal skills necessary for building and maintaining strong business relationships within and outside the organization.
• Commitment to ensure proper documentation and compliance with Bank policies and procedures
• Supervisory and managerial experience that demonstrates an ability to motivate, train and develop a team with varied experience levels that reinforces an inclusive team environment.
• Strong analytic and problem solving skills with the ability to independently organize and take initiative to drive multiple tasks to completion within defined deadlines.
• Ability to support other departments as needed to improve risk analysis, reporting and regulatory compliance as needed.

MAJOR DUTIES & RESPONSIBILITIES:

• Oversees the commercial credit function for loan underwriting and loan reviews by monitoring and managing the Bank's overall credit risk; ensures maintenance of the Bank's credit standards and regulatory compliance. Responsible for maintaining alignment with Lending Management for deal structuring, employee development, growth directives, management of special assets, portfolio management and communicating credit management functions.
• Manages a staff of ten and maintains credit analysis and quality assurance for new loans made as required by board directives. Directly responsible for the maintenance of Lending Policy and serves on the Officer's Loan Committee as a voting member. Recommends loan policy modifications as needed to maintain the Bank's risk tolerance and growth initiatives.
• Oversees the analysis of credit metrics and economic trends, portfolio performance, competitive pressures, collateral risks, and loan issues for both new loans and the portfolio as a whole. Utilizes effective credit analysis and stress testing tools, methodologies, metrics and reports as necessary to identify potential strategic adjustments to the Bank's Lending Policy and overall risk tolerance to ensure consistent portfolio performance over time.
• Effectively communicate to executive management and the Board of Directors regarding staff development, staff needs, new business trends, portfolio management observations and other risk management strategies being employed as directed or needed.
• Supervises the Director of Special Assets and assist in the detection of deterioration in loan quality; discuss the status of problem loans with the VP Director of Portfolio Management, EVP Chief Lending Officer and SVP Chief Administrative Officer, participate in the quarterly criticized asset review and may make recommendations regarding foreclosure actions, loan charge-offs and bank owned property. Assists in the review of all account management, collection, and fraud policies to ensure the bank maintains strong asset quality and profitability.
• Adheres to policies and practices of the organization and applicable regulatory and governmental agencies ensuring appropriate mitigation of the risks inherent in any loan portfolio. Serves as primary liaison for asset quality reviews by bank regulators and consultants.
• Examines files periodically for assurance of credit and collateral documentation, regulatory compliance and loan policy conformance; reviews technical exceptions and deficiencies; maintains reports of continued outstanding lending policy exceptions to the Board of Directors.
• Carries out supervisory responsibilities in accordance with the Company's policies and applicable laws, inclusive of interviewing, hiring and training, planning, assigning and directing work, developing employees and appraising performance, rewarding, coaching, disciplining, addressing complaints and resolving problems. Conforms to General Performance Expectations as identified for all employees.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear.

The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


COMPLIANCE STATEMENTS:

EQUAL OPPORTUNITY AND AFFIRMATIVE ACTION EMPLOYER

Bank of Greene County is a federal contractor and an equal opportunity and affirmative action employer that provides equal employment opportunity in all employment-related matters, including hiring, training, promotion, compensation, benefits, transfers and other personnel actions, without regard to race (including traits historically associated with race), color, national origin, age, religion, sex, sexual orientation, gender identity or expression, the status of being transgender, disability, genetic information, predisposition and carrier status, military or veteran status, marital and familial status, the status of being a victim of domestic violence, employee's or a dependent's reproductive health decision making (including, but not limited to, a decision to use or access a particular drug, device or medical service), known relationship or association with any member of a protected class, and any other characteristic protected by applicable law.

BANK SECRECY ACT (BSA)

Before assuming any duties, each employee will be trained in the proper filing and logging procedures for large currency transactions and the sale of monetary instruments.

Each employee will immediately report suspicious currency transactions or activity to their immediate supervisor or the BSA Officer.

All employees will become familiar with how their customers handle their accounts and will report any transactions that are not within the normal activities of the customer.

The employee will be trained in compliance with the BSA, USA PATRIOT ACT and associated laws and regulations under the Bank's Compliance Program as it pertains to his or her job functions.

Employees are expected to meet all compliance requirements as stated within the Bank's BSA/AML/CIP/OFAC Program.

Failure to meet these compliance standards may adversely affect performance appraisals and may result in disciplinary action up to and including termination.

Employee's compliance violations may result in termination, individual fines, and possible imprisonment.

Salary Description

$145,000 - $245,000