The general objective of this position is to manage and coordinate efforts to mitigate credit risk on an enterprise-wide basis through the establishment, maintenance, enforcement, and oversight of all credit policies. Additional key components of this role are to continually improve asset quality by pro-actively promoting and directing the current credit risk culture and practices of the Bank; and to identify, quantify, report, and respond to risk elements of the lending function.The CCO will also be responsible for providing strategic direction and guidance to senior management to ensure the Bank is appropriately monitoring and managing the level of credit risk in its loan portfolio and that it remains in full compliance with all banking laws, regulations, and internal policies and procedures. The CCO has ultimate responsibility for the Credit risk management process of the Bank to ensure that its business portfolios are managed in a fully compliant manner, consistent with prudent lending practices.ESSENTIAL FUNCTIONS AND RESPONSIBILITIES (Duties which are critical/central to accomplishing the purpose of the job. List job duties in order of importance.):" Oversees all aspects of the credit administration function including credit policy, appraisal services, collections, and special assets;
" Reviews all credit proposals to access the underlying credit risks;
" Manages Classified Loan portfolio: oversees loan workouts, TDRs, and asset recovery efforts;
" Develops, recommends, and monitors credit policies and procedures to assure regulatory compliance;
" Develops and communicates credit risk analysis techniques;
" Oversees the implementation of - or changes to - credit procedures and credit scoring model (where applicable);
" Maintains and updates Credit Risk Manual as appropriate;
" Ensures timely communication of policy, procedures, and guidelines to lending personnel;
" Works with relationship managers to resolve problem credits;
" Assists the Accounting/Finance Department on credit related accounting, call report, and loan loss-related issues.OTHER FUNCTIONS: " Serves as member of the Bank's Asset Liability Committee;
" Chairs Loan Review Committee: acts as liaison with Board of Directors and its Audit Committee in matters related to loan quality and portfolio risk evaluation;
" Represents the Credit Administration Department in the Enterprise Risk Management (ERM) process.
" Participates in various cross-functional committees/teams as assigned;
" Performs other duties as assigned.
o Works closely with Credit Analysts, Loan/Credit Administration staff, Compliance Officer, Operations Risk Manager, as well as the CFO and CEO in balancing the Bank's strategic initiatives in the context of applicable credit risk considerations;
o Interaction with Credit Committee and Audit Committee of the Board." External:
o Interfaces with regulators, supervisory agencies, and external auditors on all credit related matters;
o Periodic customer contact.