Executive Vice President, Chief Credit Officer

Company: Core First Bank & Trust
Position: Executive Vice President, Chief Credit Officer
Reports to: CEO/President
Classification: Full-Time, Exempt
Hours: Mon-Fri 8:00am-5:00pm and other days and hours as needed
Location: Headquarters - Topeka, KS

Job Summary:
The primary responsibility of the Chief Credit Officer is to improve quality earnings by enforcing and overseeing all credit policies; to consistently improve asset quality by proactively directing the credit culture; to lead and nurture the practices of the bank in a manner that effectively manages capital and credit concentration risks; and support efforts to grow the loan portfolio and deliver our value proposition(s) to our customers.

This role will involve identifying, quantifying, reporting, and addressing risk factors of the lending function through oversight to the Credit Administration and Special Assets Department.

As an executive-level officer for the Bank, this individual will act as a leader, helping to direct and execute company strategies while nurturing the overall culture and environment of the bank. This position will serve on other key management committees and attend bank board meetings. Community involvement is expected.

Essential Functions & Responsibilities:

• Accountable for the overall management of the analysis, approval processes, administration, servicing, and review of all loan and credit accounts from multiple urban markets.
• Manage the bank's overall credit risk exposure and facilitate portfolio review and strategy.
• Develop, assess, and submit for annual approval all policies, plans, and procedures for loans and credit products.
• Ensure compliance with all policies and procedures governing credit activities.
• Provide leadership for Credit Administration.
• Lead efforts in Special Assets and Problem Loan Management.
• Act as a critical collaborative working partner with Loan Operations.
• Convene meetings for the Senior Loan Committee and Board Loan Committee.
• Approve or reject all credits exceeding specified policy limits. Recommend loans that have potential for presentation to the management and/or board loan committees.
• Evaluate and analyze the quality of the portfolio and monitor industry trends.
• Oversee the implementation and management of the Loan Risk Rating System, ensuring loan officers are trained to analyze the risk in their portfolios accurately.
• Responsible for the administration of the Management Watch List and ALLL coordination and ALLL documentation.
• Ensure that the ACL complies with CECL and accurately reflects loan impairments derived from the loan risk rating process. Also, provide management with a periodic analysis of external or overall portfolio trends for consideration in the ACL analysis.
• Assist the Accounting/Finance Department on credit-related accounting, call report, and Loan Loss matters.
• Responsible for preparing budget forecasts and expense controls for areas of supervision.
• Oversee the credit analytical needs of the Bank by developing and communicating credit risk analysis techniques
• Monitor and report on key macroeconomic trends to review and determine impact on portfolio performance, ensuring that all appropriate portfolio caps and limits are established, communicated, and adhered to.
• Conduct quantitative analyses and troubleshoot issues, including examining the drivers contributing to credit quality deterioration, and providing recommendations to improve performance.
• Ensure that all pertinent operational and credit risks are identified and appropriately assessed, along with established controls and action plans to mitigate these risks.
• In conjunction with Special Assets and production officers, will be responsible for the oversight of delinquent loans to ensure they do not deteriorate into problem credits or workout loans and thus pose further risk of loss.
• In conjunction with Special Assets and production officers, is responsible for the collection of work out loans and provides close supervision of all loans placed on the Management Watch List.
• Together with Special Assets, provide oversight for the acquisition, administration, and disposition of other real estate and other foreclosed or repossessed assets.
• Collaborate with the Senior Officers of the Retail and Commercial Banking Groups to ensure support to meet the customer sales and support requirements for their customers, as well as to support the bank's strategic objectives for financial performance and risk management. Deliver on Value Proposition(s).
• Coordinate with the Director of Risk Management, Audit Manager, and/or Director of Compliance to ensure that credit-related issues identified through formal audits, independent loan reviews, and regulatory examinations are addressed adequately and on time.
• Consult with the Director of Risk Management on current & emerging credit risk exposures while seeking independent advice on appropriate mitigating strategies, such as policy or procedure revisions.
• Provide oversight on credit-related guidance to ensure compliance with…