The client is seeking a Chief Credit Officer for a credit union role in the Memphis, TN market. The selected leader will provide oversight and support for all credit department operations, including steering the loan risk management process, helping ensure sound underwriting practices, and supporting policies and procedures that align with applicable laws and regulations.
Key responsibilities include maintaining and updating loan policies and procedures, monitoring regulatory changes, industry best practices, and economic trends, and communicating material considerations affecting the loan portfolio and lending policy to the President, Board of Directors, and the Loan Committee. The role will also oversee internal credit training, manage and develop the credit team, ensure proper loan documentation for covenant compliance and safety and soundness, and lead processes such as impairment analysis, loan reviews, loan packet development, stress tests, and annual large loan reviews and loan policy reviews.
The client expects candidates to have a bachelor’s degree or equivalent and at least ten years of related experience in financial/credit analysis and lending, including required management experience. Strong experience in C&I lending is required, with loan workout and SBA experience preferred, and completion of formal bank management or related executive training or degree programs preferred. The role also requires the ability to create and analyze credit presentations and loan documentation and to read, analyze, and interpret business and regulatory materials.