Evolve Bank & Trust · 3 months ago
Chief Credit Officer
Memphis, TN
Full-time
Onsite
Director/Executive
10+ years expEvolve Bank & Trust is seeking a Chief Credit Officer to manage the bank’s loan portfolio and oversee loan policies to ensure quality and risk management. This role involves providing leadership to lending staff, developing credit products, and establishing financial metrics for the loan portfolio.
BankingFinanceFinancial ServicesPayments
Responsibilities
Act as Chairman of the Loan Committee
Exercise oversight of the bank’s risk management to control risk in the Bank’s credit portfolio, maintain quality control over all parts of the risk management process, and minimize credit losses. Monitor the credit portfolio through periodic reviews of all underlying data
Chair the Loan Classification Committee which exercises oversight for adequacy of risk ratings, accrual status, regulatory compliance, loan policy conformance, and recovery of problem loans and the disposition of foreclosed assets
Review and analyze credits as needed to conduct assigned credit approval authority; Determine if all credits submitted for approval meet sound underwriting standards and do not pose greater-than-acceptable risk
Establish and analyze financial metrics of the Bank’s loan portfolio for adherence to regulatory guidelines and analyze credit portfolios to pinpoint potential areas of weakness or concentrations that produce more than acceptable risk. Assist the management team in establishing financial metrics for the Bank’s loan portfolio for revenue enhancement, cost controls, loan pricing to guide bank management in improving earnings and in making strategic business decisions
Oversee the end-to-end credit risk management oversight for the Evolve Bank & Trust’s third-party relationships
Responsible for creating policies, standards, processes, metrics, tools, and analytics to inform management and the board on third party organizations current and emerging credit risks
Provide leadership and management to Loan Operation employees to ensure satisfactory performance, adequate
Provide direction and outline expectations for Relationship Managers, Loan Operations and ultimately all lending staff
Responsible for the development and implementation of the CECL model and provide quarterly analysis of the adequacy of the loan loss allowance
Primary contact to work with regulators in conducting their safety and soundness examines and to establish a strong level of creditability with all regulators, external auditors and third-party loan reviews
Lead, motivate, train, direct and supervise direct reports
Perform periodic and annual reviews of all direct reports
Pursue pertinent professional development opportunities
Prepare various management, regulatory and Board of Directors reports regarding loan portfolio performance and trends
Approve and coordinate changes and improvements in automated financial and management information systems relating to the Bank’s loan portfolio
Assist in building annual organization goals as well as individual performance plans for direct reports
Approve and coordinate changes and improvements in automated financial and management information systems relating to the Bank’s loan portfolio
Qualification
Required
Bachelor's degree from a four-year institution in finance or accounting
Minimum 10 years of experience in leadership, credit and risk management and credit approval of both consumer and commercial lending
Computer skills including Windows-based software, word processing and spreadsheet applications and bank software
Capable Leader
Knowledge of bank accounting, regulations, policies and procedures as it applies to the lending function
Expertise in formulating and administering lending policies and procedures
Ability to establish and communicate the organizational Credit Risk Appetite
Thorough knowledge of business cash flow, collateral valuation, appraisal procedures, and documentation
Effective oral and written communication skills
Proven management and analytical skills
Company
Evolve Bank & Trust
Evolve Bank & Trust is a full-service financial service company offering specialized services in payment processing solutions and banking.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Mark Mosteller
Executive Vice President and Chief Financial Officer
Rob Lance
Vice President Commercial Lending
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