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Chief Credit Officer
CoBank
Denver, CO, United States
Job Details - this job has expired, please see similar jobs below
At CoBank, the Chief Credit Officer is responsible for managing, directing and providing strategy to the bank’s credit approval, special assets, collateral audit and credit development functions. Contributes to the overall leadership of the bank through participation at the executive level in the development of strategic and operating objectives and plans. Serves as a member of senior committees of the bank, including the Asset/Liability Committee (ALCO), Country Risk Committee, and as the chair of the CoBank Loan Committee (CLC). Maintains effective relationships with the Farm Credit Administration, the Farm Credit System Credit committees and workgroups, and other governmental, industry, financial, and community groups to enhance financial performance and business effectiveness.
Essential Duties and Responsibilities:
• Leadership, organization, staffing, development, direction, and day-to-day management for the Credit Management Group to ensure effective allocation and deployment of resources to support the achievement of strategic objectives and the business plan.
• Selects, develops, and motivates a highly qualified management team. Grants authorities appropriate for each position, sets standards of performance, evaluates performance of managers, and approves personnel transactions within delegated authorities.
• Responsible for chairing the CLC, including providing procedures and documentation of actions, recommendations for further delegation and approval authority, concentration limits, and recommendations for administrative actions or official committee positions.
• Responsible for the development of the annual portfolio strategy, providing guidance on portfolio management, and producing the quarterly Credit Management Report.
• Provides and maintains a sound and consistent set of underwriting policies, standards and guidelines, and general credit philosophy to be utilized in all lending and leasing functions across the bank.
• Maintains and recommends changes as needed to lending and related policies and directions, including presentation to the Board for approval.
• Assists and supports the bank’s lending functions in their credit analysis and transaction structuring responsibilities.
• Provides overall management of the bank’s special asset functions, including approvals of specific actions, plans, and strategies for resolution of problem situations, and execution as appropriate.
• Provides accurate and timely monitoring and assessments to bank management and the Board Risk Committee on the quality of the bank’s loan portfolio, high-risk loans and industry issues and opportunities.
• Works with other units of the bank to assure that the Farm Credit System Cooperation Philosophy is successfully executed.
Basic Qualifications
• Bachelor’s degree in a relevant discipline.
• Fifteen (15) or more years of progressive relevant experience.
• Fifteen (15) or more years of progressive management experience.
Preferred Qualifications
• Master’s degree or MBA preferred.
• Broad knowledge of credit and financing structure, complex financial structuring and troubled credit resolution.
• Broad knowledge of risk management techniques and functions. Ability to relate risk management concepts to executives and board members.
• Proven ability to build and maintain effective working relationships with all levels of management, staff and board of directors.
• Proven ability to develop and manage processes to motivate staff to achieve desired results.
• Excellent general and financial management and decision making skills.
• Excellent verbal and written communication, interpersonal and negotiation skills.
About CoBank
CoBank stands strong as a $125 billion enterprise dedicated to the financial needs of rural communities. That means we help fund new ways to grow food, generate energy, access technology, and otherwise improve life in America. When you choose a career with us, you make a difference by standing for something that matters. A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. We also provide competitive compensation, health and wellness benefits, company-funded retirement plan, matching 401(k), and professional development programs.
CoBank will not sponsor a work visa (e.g. H1B, etc.) to fill this position.
CoBank is an Equal Opportunity Employer.