Chief Credit Officer at CoBank

Greenwood Village, Colorado, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Apr, 26

Salary

384040.0

Posted On

19 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Management, Leadership, Portfolio Management, Underwriting Policies, Credit Analysis, Transaction Structuring, Risk Assessment, Team Development, Strategic Planning, Regulatory Compliance, Relationship Management, Problem Resolution, Performance Evaluation, Resource Allocation, Financial Performance, Community Engagement

Industry

Banking

Description

Benefits Overview A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best! Benefits Offered by CoBank: Careers with a purpose Time-Off Packages, 20 days of vacation, 10 paid sick days and 11 paid holidays Competitive Compensation & Incentive Hybrid work model: flexible arrangements for most positions Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance Robust associate training and development with CoBank University Tuition reimbursement for higher education up to $10k per year Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution Associate Resource Groups: creating a culture of respect and inclusion Recognize a fellow associate through our GEM awards Job Description 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 and other credit related 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, Investment Committee, and as the chair of the CoBank Loan Committee (CLC). Maintains effective relationships with the Farm Credit Administration, the Farm Credit System Risk and Credit committees and workgroups, and other governmental, industry, financial, and community groups to enhance financial performance and business effectiveness. Essential Functions 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. Provides regular updates on credit conditions to the CoBank Board, FCA, Investors and others as needed. Education Bachelor's Degree in a relevant discipline required Master's Degree and/or MBA or CPA designation preferred Work Experience 15 years of progressive relevant experience, experience must also include progressive management experience required Travel Requirement Details Frequent Travel occurs very often (typically, multiple times a week or several times a month). About CoBank The typical base pay range for this role is between $307,200 - $384,040. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law. CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore. REASONABLE ACCOMMODATION We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time. CoBank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Responsibilities

The Chief Credit Officer is responsible for managing the bank's credit approval and related functions while contributing to the overall leadership and strategic objectives of the bank. This role includes chairing the CoBank Loan Committee and maintaining relationships with regulatory bodies and industry groups.