urgent
EVP, Chief Credit Officer
- Full time
- City of Industry, California, United States, California, United States View on Map
Job Description
EVP, Chief Credit Officer
Location:Â City of Industry, CA
Job Code E4N37
- Oversee the full range of managerial duties for the loan review, compliance, collections, and credit administration and analysis functions including adherence to policies and practices of the Bank and applicable regulatory and governmental agencies.
- Responsible for implementing a system of credit analysis and quality assurance for loans made as required by Board directives; assign ratings as needed in conjunction with loan loss reserve analysis.
- Examine files periodically for assurance of credit and collateral documentation, regulatory compliance, and loan policy conformance; review technical exceptions and deficiencies; maintain reports of continued outstanding exceptions to the Board of Directors.
- Prepare written comments/analyses on all large loans, aggregate lending vs. indebtedness for individual borrowers, complex loans, and weak loans.
- Provide guidance to members of loan teams and approve credit proposals within the given authority.
- Identify problem loans, make recommendation for assignment of loans to monitored loan list, discuss the status of problem loans, make action plans minimizing the credit exposures, identify loans meeting non-accrual or charge-off criteria, manage OREO portfolio, and make reporting to the Board monthly.
- Provide quarterly analyses of the adequacy of the allowance for loan and lease losses for the review and approval of the Board.
- Prepare periodic board reports.
- Prepare periodic studies of local economics, market trend, and various portions of the loan portfolio including past due reports, concentrations of credit, stress test, etc. for the benefit of supervisory, board members, executive officers, and members of loan teams.
- Based on compliance or loan reviews and the dissemination of other pertinent facts evaluate and recommend policy changes.
- Participate in the development and execution of the Bank’s business plan, business strategies, and projections.
- Serve as a senior member in various committees of the Bank.
- Supervise and provide guidance to Credit Manager and Manager of Loan Administration.
- Work with Chief Risk Officer to identify and measure potential risks in addition to implementing safeguards to mitigate such risks.
- Coordinate and interface with internal auditor, external audit firms and regulatory agencies.
- Other duties as assigned or deemed necessary.Â
Estimated salary range:Â (DOE) $200K to $235K, plus annual bonus, medical, dental, vision, life, vacation, 401KÂ Â
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