Chief Credit Officer Job Bloomington area,Minnesota USA,Finance & Banking

Position: CHIEF CREDIT OFFICER

SUMMARY: Responsible for the leadership and oversight of the Bank’s credit administration and credit risk management functions. Ensures the overall quality, profitability, and risk profile of the loan portfolio through sound underwriting, portfolio management, risk rating administration, and allowance for credit losses (ACL) oversight. Develops and maintains the Bank's loan policy, credit risk framework, and lending authorities while ensuring compliance with regulatory requirements and internal standards.

Provides leadership and development to credit personnel, promotes a strong credit culture, and partners with executive leadership and the Board of Directors to support the Bank's strategic growth, profitability, and risk management objectives. Serves as Chair of the Credit Committee and primary liaison for loan-related regulatory examinations and independent loan reviews.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following, other duties may be assigned.

Responsible for reviewing all proposed changes to the bank’s loan policy and recommends final changes to Senior Leadership and the Board of Directors.

Ensures lending policies and procedures remain consistent with regulatory guidance, industry best practices, and the Bank’s risk management objectives

Establishes, monitors, and makes adjustments to all lending authorities.

As a member of the Senior Management Team, contributes to the development and execution of the Bank’s strategic plan, annual budget, and business objectives, ensuring credit strategies support the Bank’s growth, profitability, and risk management goals.

Provides regular reporting and recommendations to Senior Leadership, Credit Committee, and the Board of Directors on portfolio performance, asset quality, concentration risk, emerging credit trends, and other key credit risk matters.

Oversees the Bank’s credit risk management practices, loan review activities, risk rating administration, and the identification and mitigation of emerging credit risks.

Provides leadership and guidance to Commercial Bankers, Portfolio Managers, and Credit Analysts in the structuring, underwriting, and approval of commercial credit relationships, ensuring consistency with the Bank’s credit philosophy and risk appetite. This is inclusive of attending and supporting Commercial Bankers on sales calls.

Reviews, approves, declines, or recommends commercial credit requests within delegated authority, ensuring compliance with Bank policy, regulatory requirements, underwriting standards, and profitability objectives.

Oversees the Bank’s credit approval process and lending authorities, ensuring sound credit decisions, appropriate risk rating, and consistent application of credit standards across the organization.

Manages a portfolio of key workout and/or participation relationships, as needed.

Oversees the Bank’s credit risk management framework, including portfolio monitoring, risk rating administration, concentration management, and identification of emerging credit risks to ensure the overall quality and performance of the loan portfolio.

Monitors loan performance, problem assets, collections, workouts, foreclosures, and OREO administration, ensuring appropriate action plans are developed and executed to mitigate risk and minimize loss exposure.

Leads ongoing assessment of portfolio risk through problem loan reviews, stress testing, and analysis of economic and industry trends, recommending strategies to maintain credit quality and support the Bank’s risk appetite.

Oversees the Bank’s credit reporting framework, including portfolio performance, asset quality, concentration risk, risk ratings, and other key credit metrics, ensuring timely and accurate reporting to Senior Leadership and the Board of Directors.

Monitors and reports on portfolio trends, classified assets, non-performing loans, delinquency levels, and emerging credit risks, providing recommendations to support sound credit decisions and risk management practices.

Oversees the Bank’s loan risk rating system and Allowance for Credit Losses (ACL) methodology, ensuring consistency, regulatory compliance, and appropriate reserve levels based on…