Chief Credit Strategy Officer

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, it is a regional powerhouse deeply rooted in the communities it serves. As a trusted partner, the bank thrives on helping clients achieve their goals and dreams, and it is committed to social responsibility and investing in communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals, as people are critical to our success. In return, we offer competitive compensation (salary and incentive program), medical, dental, and vision insurance, a 401(k), continuing education opportunities, and an employee assistance program. Old National also offers a variety of Impact Network Groups led by team members who drive inclusion and diversity across the organization.

A strategic and visionary Chief Credit Strategy Officer will spearhead strategic initiatives, including evaluating people, processes, and systems to determine the most effective operating model for our credit risk management organization. Reporting directly to the CCO, this executive‑level position will shape and execute our credit‑risk strategy, ensuring alignment with regulatory requirements, heightened standards, and industry best practices. The role requires a deep understanding of credit risk, data analytics, and automation to drive informed decision‑making and enhance overall effectiveness.

It will also involve managing a team of credit policy, credit systems, and data & reporting professionals.

We are an in‑office culture with offices throughout the Chicago area and will consider candidates based throughout our footprint from Fargo to Chattanooga.

Salary range: $136,000 – $279,100 per year plus bonus. The base salary reflects the compensation range applicable to all levels of this role across the United States. Actual offers may vary based on responsibilities, candidate skills, professional experience, educational qualifications, and geographic location.

• Credit and Lending Process Optimization:
  Lead efforts to streamline and enhance credit and lending processes to improve efficiency, accuracy, and customer satisfaction.
• Credit Policy Implementation:
  Develop, implement, and maintain credit policies that align with regulatory requirements and organizational goals.
• Heightened Standards Implementation:
  Oversee the implementation of heightened standards for credit and lending practices, ensuring compliance with industry regulations and internal policies.
• Credit Risk Data & Reporting:
  Drive a culture of data insight, monitoring, and dynamic forecasting; mature current standards for data risk aggregation and reporting to support Heightened Standards.
• Business Process Outsourcing:
  Identify opportunities for outsourcing to enhance operational efficiency and reduce costs; develop and execute outsourcing strategies and manage relationships with vendors.
• Strategic Leadership:
  Provide strategic direction and leadership to the credit and lending teams, fostering continuous improvement and innovation.
• Risk Management:
  
  Assess and mitigate risks associated with credit and lending processes; implement robust risk‑management frameworks.
• Performance Monitoring:
  Establish KPIs to monitor the effectiveness of credit and lending processes; analyze data and generate reports to track progress and identify improvements.
• Stakeholder Engagement:
  Build and maintain strong relationships with internal and external stakeholders, including regulatory bodies, vendors, and business partners.

• Promotes Change:
  Actively seeks information, adapts quickly, learns and adjusts, and recommends improvements to leadership.
• Strategy in Action:
  Breaks down larger goals, understands influencing factors, anticipates risk, seeks improvement opportunities, and aligns activities with goals.
• Compelling Communication:
  Shares information transparently, engages the audience, unites others toward a common goal, and listens actively to gain support.

• Minimum 15 years of progressive experience in credit risk management,…