Director Credit Risk Officer - Virginia - BECU

Description

Director Credit Risk Officer - Loss Mitigation

1 day ago Be among the first 25 applicants

Is it surprising to hear that a financial institution of 1.5 million members and over $30 billion in managed assets say that success comes from focusing on people, not profits? Our "people helping people" philosophy has guided us since 1935, driving our deep commitment to serving our members, communities, and each other. When you join our team, you become part of a purpose-driven organization where your work makes a real difference. While we're proud of our history, we're even more excited about our future. With business and technology transformation on the horizon, there's never been a better time to be part of BECU.

PAY RANGE

The Target Pay Range for this position is $194,400.00-$237,800.00 annually. The full Pay Range is $151, $280,900.00 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

BENEFITS – Because People Helping People Starts With Supporting You

• 401(k) Company Match (up to 3%)
• 4% annual contribution to your 401(k) by BECU
• Medical, Dental and Vision (family contributions as well)
• PTO Program + Exchange Program
• Tuition Reimbursement Program
• BECU Cares volunteer time off + donation match

Impact You'll Make

As the Director Credit Risk Officer, you'll be the strategic leader shaping BECU's credit risk landscape specific to Loss Mitigation. Your expertise will guide the development and execution of full lifecycle credit risk strategies across diverse portfolios—Mortgage, Home Equity, Credit Card, Auto, Consumer Lending, Small and Medium Business, and Deposits. You'll ensure that every decision aligns with our governance standards, internal lending policies, and regulatory compliance, all while maintaining an acceptable level of risk. Your leadership will empower your team, influence senior executives, and drive initiatives that protect and grow BECU's financial health. This is your chance to make a measurable impact on our members, our organization, and your career.

To join our dynamic team in this role, we require candidates to be residents of WA, OR, ID, CA, AZ, TX, NC, SC, GA or VA. If you're located in Washington state and within a reasonable driving distance to our Tukwila Headquarters (TFC), we encourage you come into the office on Tuesdays & Wednesdays each week. For those candidates that live outside the commutable distance to TFC and in any of our approved remote work locations, this role will be primarily remote. Remote or onsite, we are committed to ensuring you are fully engaged and included in our collaborative environment.

What You'll Do

• Shape Credit Risk Strategy: Partner with the Chief Credit Officer and business leaders to design strategies that align with BECU's risk appetite, portfolio goals, and performance expectations.
• Monitor and Analyze Performance: Conduct deep-dive portfolio analyses, identify emerging risks, and present actionable insights to executive committees and the Board.
• Drive Risk Appetite Initiatives: Lead changes to risk appetite through credit risk programs, origination strategies, account management, collections, and loss mitigation standards.
• Develop Policies and Standards: Create and refine credit risk policies and guidelines using data-driven insights and industry best practices, securing stakeholder approval.
• Innovate and Optimize Processes: Enhance credit campaigns, decision engines, and risk-related procedures to improve efficiency and member experience.
• Stay Ahead of Trends: Monitor economic and industry developments to proactively adjust strategies and maintain portfolio strength.
• Ensure Regulatory Compliance: Maintain strong communication with auditors and regulators, ensuring timely responses and adherence to federal and state requirements.
• Lead and Inspire Your Team: Coach, mentor, and develop Credit Risk Officers and Analysts, fostering a culture of collaboration and excellence.
• Set Goals and Evaluate Performance: Establish clear objectives, conduct evaluations, and support professional growth using BECU's competency framework.
• Champion Cross-Functional Collaboration: Build strong partnerships across departments to ensure alignment and success in risk management initiatives.

What You'll Gain

• A leadership role with impact, influencing strategic decisions and organizational success.
• Opportunities for professional growth through leadership development and advanced training.
• A collaborative, innovative culture that values your ideas and expertise.
• Competitive compensation and benefits designed to support your well‑being and future.
• The chance to shape the future of credit risk management in a member-focused organization.

Qualifications

Minimum Qualifications

• Bachelor's degree in business, finance, mathematics, or economics or equivalent work or education experience.
• Typically requires 10 years of relevant credit risk management experience.
• Typically requires 6 years of experience in the financial industries with a focus on Collections and Loss Mitigation.
• Typically requires 5 years of people management experience.

Desired Qualifications

• Graduate degree preferred.
• Experience with presentation development software (ex. Tableau, PowerPoint).
• Experience developing credit risk policies and system decision logic leveraging data and statistical analysis.
• Demonstrable knowledge of credit risk scorecards and models; as well as the evaluation of such tools to determine appropriate usage and thresholds.
• Proven ability to perform analysis of portfolio performance and articulate results and desired outcomes from a risk management perspective.
• Proven ability to collect pertinent data, establish facts and draw valid conclusions as well as formulate ideas and recommendations.
• Proven ability to participate and manage multiple projects simultaneously, including the establishment of objectives and milestones, time management, and communication of successes and obstructions.
• Proven ability to build cohesive cross‑functional teams and facilitate collaborative decision making.
• Ability to maintain flexibility and adaptability for departmental and Credit Union changes.

EEO Statement

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.