Chief Credit Officer

This is a fully remote position, open to applicants in North Dakota.

📋 Description

• Establish and guide the Bank's comprehensive credit risk management framework.

• Formulate and implement strategies that balance portfolio growth, profitability, and risk management.

• Act as the primary executive accountable for the quality and performance of the loan portfolio.

• Monitor credit concentrations, industry trends, economic conditions, emerging risks, and portfolio developments.

• Manage action plans aimed at reducing charge-offs, credit losses, and non-performing assets.

• Ensure uniform application of risk ratings, underwriting standards, and credit administration practices.

• Report on portfolio performance and provide recommendations to executive management and the Board of Directors.

• Develop, maintain, and oversee credit policies and procedures.

• Keep abreast of regulatory changes and ensure compliance with relevant banking regulations.

• Supervise the Loan Review Program and independent assessments of credit quality.

• Engage with regulatory agencies and external auditors for credit-related evaluations.

• Lead the processes of underwriting, approval, monitoring, renewal, and collection.

• Supervise annual reviews, risk ratings, covenant compliance, and management of problem loans.

• Manage criticized and classified assets.

• Direct the creation of credit analysis tools, portfolio reporting systems, and credit technologies.

• Lead and develop the Credit Department; recruit, mentor, and retain credit professionals.

• Cultivate a robust risk management culture and conduct succession planning.

• Encourage collaboration among lending, sales, operations, finance, compliance, and executive teams.

• Serve as a subject matter expert in commercial, agricultural, consumer, and specialty lending.

• Design and implement credit training programs.

• Coach lenders and bankers on underwriting, structuring, and portfolio management.

• Support complex credit opportunities and engage in significant customer meetings and business development.

• Present credit portfolio performance, risk trends, and policy recommendations to the Board and committees.

• Prepare annual assessments of credit risk and strategic credit initiatives.

⛳️ Requirements

• Bachelor’s degree in business, finance, accounting, or a related field is required.

• Over seven years of progressively responsible experience focusing on commercial, agricultural, and consumer credit.

• At least five years of direct line lending experience is preferred.

• Strong background in credit administration, portfolio management, loan review, and regulatory compliance.

• Exceptional skills in presentation, customer relations, interpersonal communication, organization, delegation, and team building.

• Proven capability to influence executive leadership, regulators, and Board members.

• Proficient in personal computer applications; experience with Word, Excel, and Lotus Notes.

• Positive and proactive attitude, strong leadership abilities, and a commitment to American Federal values.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Comprehensive health, wellness, and retirement benefits.

• Opportunities for professional development and career advancement.