Chief Credit Officer

Company: Minnesota Bankers Association
Location: Northfield
Posted on: January 23, 2025

Job Description:

1605 Heritage Drive, Northfield, MN 55057Job DescriptionThis is a full-time position located in our Northfield, MN branch. This position reports directly to the President/CEO and is part of the Executive Team. Responsibilities include maintaining adequate credit, compliance and operational risk procedures, thus ensuring the bank is in full compliance with all banking laws, regulations and internal policies and procedures. This position serves as an advisor to Senior Management in all areas of credit and risk management to ensure safe and sound underwriting of the Bank's loan portfolio. This includes, but is not limited to:

• Credit Risk Management: oversees the bank's risk management process to control risk and minimize credit losses.
• Loan Portfolio Quality: ensures the quality of the bank's lending portfolio.
• Loan Procedures: oversees loan procedures and collections.
• Regulatory Compliance: works with management to ensure internal documentation complies with appropriate banking laws and regulations.
• Loan Decisions: makes decisions for the bank's lending department.
• Chairs the Bank Loan Committee: ensures credit quality, growth and margin objectives for the entire loan portfolio.
• Holding Company Credit Committee: interacts with the bank holding company's credit committee to ensure a foundational credit approval process.
• Staff Supervision: oversees the credit analysts and collaborates with loan operations.
• Loan Loss Reserve: responsible for administering and monitoring the loan loss reserve for adequacy, quarterly call reporting and analysis methodology.
• Community Reinvestment Act: serves as the bank's CRA Officer.
• Collaboration: works with the President/CEO, CLO, the lenders and the Board of Directors to ensure credit compliance and minimize credit risk and losses to the bank.
• Enterprise Risk Management: serves as chair for the ERM Committee.Education & Experience
  • 10+ years of banking experience with a thorough knowledge of the laws and regulations from regulatory agencies. This includes an emphasis on CECL, loan workouts, participations, credit and leading risk management.
  • RMA Credit Risk Certified (CRC) or other relevant credentials a plus.
  • 5+ years of executive leadership experience preferred.
  • Bachelor's degree in Business, Accounting, Finance or related experience required.
  • Experience in Fiserv preferred.
  • Strong oral and written communication skills.AboutCommunity Resource Bank, a soon to be $550 million community bank with five locations, is looking for a Senior Vice President/Chief Credit Officer. Community Resource Bank is a pillar in our local communities, providing banking, lending and investment services.How to ApplyCompetitive compensation and benefits package offered to include: health insurance, dental insurance, life insurance, disability insurance, 401(k) and paid-time-off.Please send your cover letter, r--sum-- and salary requirements tohr@crb.bank orHuman ResourcesCommunity Resource Bank1605 Heritage DriveNorthfield, MN 55057.No phone calls please. Application deadline: open until filled.EEO/AA: Women, Minorities, the Disabled and Veterans are encouraged to apply.
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Keywords: Minnesota Bankers Association, St. Paul , Chief Credit Officer, Executive , Northfield, Minnesota