Farmers & Merchants Bank of Long Beach · 3 months ago
Deputy Chief Credit Officer
Lakewood, CA, US
Full-time
Onsite
Director/Executive
$198K/yr - $367K/yr
20+ years expFarmers & Merchants Bank of Long Beach is seeking a Deputy Chief Credit Officer responsible for overseeing the bank's lending function and managing portfolio risk. The role involves mentoring loan officers, approving loan submissions, and ensuring compliance with banking regulations.
BankingFinancial ServicesLending
Responsibilities
Oversee the Bank’s lending function, portfolio management, loan policies/procedures and daily lending process functionality. Directs credit related processes and philosophy for consistent analytics within the loan underwriting functions
Deputy Chief Credit Officer must set a standard for loan officers and Credit Administrators that encourages their decision making abilities through positive criticism and training, which helps with their overall personal development and performance at the Bank
Review and approve loan submissions, including Residential Lending submissions, within lending authority and assist loan officers with questions regarding our loan products, structuring, evaluating and granting new and modifying existing loans and providing solutions to particular situations with loan customers regarding loan requests, all of which are to provide the bank with a solid and profitable loan portfolio
Provide timely responses to branch loan approval requests granted that the request is complete
Provide instructional and mentoring advice to loan officers and lending staff as to the proper structuring, pricing and presentation of loans for approval
Provide direct management for the environmental risk and appraisal procurement/review personnel and processes
Responsible for the process of reviewing and approving draw requests and inspection reports for the Bank’s construction loan portfolio
Responsible for reviewing and approving periodic reimbursement requests received from parties contracted to complete insurance damage repair projects
Manage Lending Committee members providing oversight for reviewing and recommending loan requests that require combined member authority
Provide direct management of Electronic Card Services group to approve limits, sign off on annual reviews and provide guidance to the credit risk associated with ACH, RDC, mRDC, Credit Cards and Merchant Services offered by the bank beyond the identified Operational Risk
Manage periodic reviews (as required or scheduled under Tier Risk program) of approved limits and risk thresholds within these client relationships for prudent management oversight
Manage lending related audit responses to identify any compliance or credit issues that may arise from time to time as a result of the processes in handling lending requests. Serve as the direct liaison between Credit Administration and Loan Audit to discuss ongoing risk assessment and audit findings
Communicate with third party auditors and Regulatory Agencies, as necessary
Participate in various committees and meetings as designated by the Chief Credit Officer – may include Credit Administration Committee, Large Borrower Committee, CRE Concentration, ALLL etc
Assist in various portfolio risk management assessment strategies and participate in the review and discussion of interest rate risk, market risk, industry risk, ALLL, stress testing, etc
Provide oversight for Loan Documentation Unit. Direct processes and policies related to timely and accurate production of loan documents
Provide oversight for Credit Administration Services. Direct processes and policies related to lending training, records management, servicing, reporting, etc
Provide oversight to the management of external legal engagement including loan documentation preparation and amendments, as necessary
Provide oversight for Escrow Department processes and policies related to title company engagement, loan funding/closing, etc
Provide oversight to the Special Assets Department. Engage in the timely workout, charge off and risk assessment for those loans within the department’s purview
Qualification
Required
Bachelor's Degree or equivalent work experience required
20+ years loan structuring, documentation and loan servicing experience
Various regulations as appropriate to the processing of loans
Bank Secrecy Act (BSA)
Fair Housing Act
Real Estate Settlement Procedures Act (RESPA)
Regulation AA (Unfair or Deceptive Acts or Practices)
Regulation B (Equal Credit Opportunity)
Regulation CC (Expedited Funds Availability Act)
Regulation E (Electronic Funds Transfer Act)
Regulation P (Privacy Act and Safeguarding Customer)
Uniform Commercial Code (UCC)
California Civil Code
Fair Debt Collection Practices
Regulation Z (Truth in Lending Act)
Regulation BB (Community Reinvestment Act)
Regulation DD (Truth in Savings)
US Patriot Act
Regulation O (Federal Reserve Act and Federal Deposit Insurance Act)
Regulation C (Home Mortgage Disclosure – HMDA)
Regulation U (Governs Margin Securities)
Clear understanding of the English Language (Spoken & Written)
Microsoft Office Products (Excel, Word, Outlook)
Laserfiche imaging application
Financial Tools CASH application
Jack Henry & Associates core operating system
Core understanding of Credit Policy and Loan Documentation & Procedures Manuals
Basic Mathematics Skills
Customer Service Skills
Strong typing skills
Strong time management and organizational skills
Critical Thinking, Judgment & Problem Solving Skills
Ability to actively listen & learn
Ability to communicate with Supervisors and Co-workers respectfully
Ability to effectively deal with unpleasant, angry or discourteous people
Requires sitting for prolonged periods of time
Requires lifting up to 15 lbs
Office setting w/controlled temperature
Preferred
Prior electronic credit product experience preferred
Company
Farmers & Merchants Bank of Long Beach
Founded in Long Beach in 1907 by C.J.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$200M2025-10-20Post Ipo Equity· $200M
1997-03-27IPO
Leadership Team
Melissa Lanfre
EVP and Chief Operating Officer
Kathleen Salmons
SVP/Chief Risk Officer
Recent News
2026-01-20
2025-06-03
Talk Business & Politics
2025-03-06
Company data provided by crunchbase