Bank Chief Credit Officer

The Chief Credit Officer of Thrivent Bank is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank’s lending portfolio. Duties include calculating the Allowance for Credit Losses in coordination with the Bank’s Chief Financial Officer and making recommendations to executive management and the Asset and Liability Committee for monthly allocations.

Reviews large and complex loans prior to submission to Credit Risk Sub Committee. Performs direct supervisory duties of department staff. Assumes responsibility and is accountable for adherence to Bank policies and procedures as well as, all applicable state and federal banking regulations. The Chief Credit Officer will report to the Chief Risk Officer.

• The position of Chief Credit Officer is responsible for the supervision of multiple employees and carries out supervisory responsibilities in accordance with the Bank’s policies and applicable laws.
• Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees; conducts specific periodic meetings and presentations on this topic with all staff members.
• Works with the CFO to maintain the monthly allowance for credit losses (“ACL”) and makes recommendations to executive management and the Asset and Liability Committee for the amount to be added/deducted to/from the loan reserve; reserve maintenance includes analyzing local, regional, and national economic conditions; loan losses and trends; and loan product concentrations.
• Reviews and large and complex loans prior to their submission to Credit Risk Sub Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk.
• Prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; works closely with appropriate Bank personnel in reviewing such topics as local real estate data and assessing the impact on the Bank’s loan portfolio.
• Supports the Bank’s CRA program in coordination with the Chief Compliance & CRA Officer.
• Supervises the Bank’s special assets area in curing weak credits, collection of such credits, or the movement of such undesirable credits; assists in the compilation of loan status reports and implementing respective loan action plans; prepares a report on the status of the Bank’s special assets for submittal to appropriate committees for review.
• Prepares and discusses loan information submitted to committees for approval; loan information is defined as the maintenance of the ACL in coordination with the CFO , graded loan reports, and other loan quality information and trends.
• Prepares, reviews, and modifies when necessary, lending policies and procedures which enable the Bank to perform in a businesslike manner, but not expose it to undue risk.
• Attempts to ensure that individual loans are risk rated correctly when reviewing loans for committee submission.
• Consistently applies good decision-making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
• Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.
• Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results.
• Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
• Assumes responsibility for special projects; gathers data and prepares reports for committees, members of Senior Management, audits and other personnel.
• Plays a positive role in the development and growth of assigned department…