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Chief Credit Officer

Company: Civista Bank
Location: Sandusky
Posted on: September 19, 2023

Job Description:

Civista BankThe CCO will be responsible for the development, implementation, and leadership of enterprise-wide Credit Risk Management. This includes execution and communication of policy, approval process, administration, portfolio analysis and asset quality. This position works closely with all members of the executive team, the Board of Directors, regulators, and individuals at all levels within the organization. The CCO will support the Bank's enterprise 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 CCO will support the Bank's overall objectives aimed at long-term sustainable growth and profitability.Description of Duties, Responsibilities and Expectations:

  • Oversee the credit approval process, as well as portfolio monitoring systems for all current and future credit products.
  • Ensure that credit policies are routinely reviewed, modified as necessary, and well-communicated throughout the organization.
  • Maintain ongoing support of the Bank's credit culture for all lending units, which includes consumer, mortgage, business banking, wealth management, commercial lending, and commercial real estate.
  • Ensure that allowance for credit losses and the charge-off process and procedures are consistent with industry best practices and meet current and anticipated accounting and regulatory guidelines.
  • Ensuring that systems of internal controls and procedures are consistent with the highest standards in the industry and are appropriate for all regulatory requirements.
  • Ensuring that all loan systems and tracking techniques provide the appropriate data to bankers, management, risk management and the Board of Directors, to allow for accurate assessment of loan quality and risk management.
  • Provide overall loan portfolio management analysis and oversight to ensure that the Bank's asset quality meets stated objectives and that the emphasis of the Bank's overall credit relationship management is consistent with the Bank's underwriting standards.
  • Support healthy diversification of the loan portfolio by establishing sound credit policies and proper training of bankers and credit officers enlisting a proactive approach to engaging multiple constituencies in partnership.
  • Maintain a keen awareness of competitors' activities, their credit practices, and of overall industry best practices.
  • Serve as the Bank's liaison and coordinator when necessary to regulators, auditors and other external constituents regarding the Bank's credit management disciplines, loan quality and lending activities.
  • Provide ongoing evaluation of existing systems and, when appropriate, evaluation, selection, and implementation of new systems to ensure that all policies and procedures are of the highest integrity and consistency.
  • Maintain knowledge of applicable state and federal lending and compliance laws and regulations and implement appropriate policies, procedures, and controls.
  • Manage loan delinquencies and loan servicing matters, including third party servicers & facilitate appropriate strategies and procedures to ensure that delinquencies and defaults are effectively managed and reported to the Risk Management Committee, Executive Management, and the Board
  • Effectively manage direct reports by hiring, mentoring, coaching, counseling, training, and disciplining, as appropriate. Ensure direct reports' performance appraisals are completed in a timely, fair, and accurate manner.
  • Coordinate comprehensive due diligence of sellers, servicers, and loan assets or loan participations prior to purchase to protect the Bank and diversify credit and collateral risks in the overall portfolio.Qualifications, Knowledge, and Skills:
    • BS or BA degree in business, finance, or accounting. Advanced degree preferred.
    • Minimum of 15 years of combined experience with commercial and consumer credit risk and a minimum of five years leading the credit function.
    • Ability to manage strategic relationships and provide sound risk management guidance to internal and external business partners.
    • Thorough knowledge of broader bank enterprise operations and control systems as well as in-depth knowledge of credit and credit operations.
    • Must be able to deal directly and effectively with outside service providers and other loan institutions/organizations. Outstanding communications, organizational, and execution skills. Knowledge of and experience in regulatory compliance, including CRA and Fair Lending compliance.
    • Strong knowledge of financial statement analysis and excellent knowledge of commercial and consumer credit loans, principles, policies, and practices.
    • Excellent oral and written communication skills.
    • Excellent interpersonal, motivational, leadership and team-building skills.
    • Computer literate with Microsoft Suite and knowledge and proficiency in the use of quantitative tools and techniques such as credit scoring, financial forecasting and the risk analytic techniques used in portfolio management.
    • A high level of initiative, strategic vision, independent thinking, thoroughness, analytical, negotiation and problem-solving skills.
    • Demonstrated ability to recruit, develop, and retain top talent to the organization to ensure adequate succession planning, capability, and capacity in credit risk management staff.Physical Requirements:
      • Work involves eye strain due to the constant use of computer screens, reading of reports, documents, and so forth.
      • Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions.
      • Work involves some traveling, via use of own or Company vehicle, to attend meetings off premises, attend seminars and trainings, and to accompany lenders when meeting with customers, or traveling to branch offices to meet with lenders.This Position Description is not a complete statement of all duties and responsibilities comprising this position. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this position at any time.PI230355157

Keywords: Civista Bank, Lorain , Chief Credit Officer, Executive , Sandusky, Ohio

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