VP, Consumer Lending Manager at Vast Bank

Tulsa, Oklahoma, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Apr, 26

Salary

0.0

Posted On

14 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Consumer Lending, Underwriting, Risk Management, Portfolio Analysis, Product Development, Operational Excellence, Customer Experience, Compliance, Team Leadership, Coaching, Mentoring, Sales, Data Management, Communication, Decision Making, Problem Solving

Industry

Banking

Description

Job Details Job Location: Elgin Corporate Headquarters - Tulsa, OK 74120 Position Type: Full Time Education Level: 4 Year Degree Travel Percentage: None Job Shift: Day Job Category: Banking Vast Bank is looking to hire a VP, Consumer Lending Manager! We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package: Comprehensive benefits package & 401(k) match Professional development- opportunities for advancement! Tuition assistance Transit reimbursement Paid time off & more! Qualifications Summary of Role The VP of Consumer Lending develops, implements, and oversees the organizations' consumer lending programs, processes, and teams, including direct and indirect lending. The Vice President of Consumer Lending is responsible for the growth of the consumer loan portfolio by creating a frictionless customer experience and through delivery of operational excellence in all facets of the loan origination cycle. This position ensures compliance with lending policies; oversees the development of consumer lending policy; and manages consumer lending activity to meet the goals and objectives of the organization. Major Duties and Responsibilities Develops and implements strategies to attain portfolio growth, product development, streamlined operations, and adaptation to market conditions to increase customer engagement. Develops, proposes, gains acceptance for and implements consumer lending program policy and strategy; leads activity related to new consumer lending product development. Oversees the operational systems, processes and procedures to maximize service levels by reducing or eliminating unnecessary processes and documentation, while enhancing communications and timely follow through. Ensure that systems, processes, and guidelines including data management and reporting are fully leveraged to meet department goals, service expectations, and that department staff are receiving what they need to be successful in their work. Ensure audit requests are fulfilled and any recommendations resulting from exams and audits are implemented. Collaborates with all key stakeholders in the execution of strategic and operational activities. Exercises management level loan review and decisioning authority as needed. Oversee the underwriting and sales functions of the department. Ensures that the process for considering new or updated products is inclusive of lending department and organizational stakeholders and meets organizations goals. Responsible for developing the consumer loan portfolio with a balance between profitability and appropriate risk, including product line concentrations. Provides leadership and strategic direction to all areas of responsibility including origination, processing, underwriting, and closing/funding. Works collaboratively and across the organization with managers, supervisors, and staff involved in the origination, fulfillment, and servicing of consumer loans, to ensure accurate, responsive, and timely review, processing, underwriting, funding, and reporting of loans. Drives success of program by nurturing environment of coaching, mentoring, and holding staff accountable to goals and by working with managers & training resources to educate, measure, and reward staff for appropriate sales and use of these products. Develops and recommends changes to rates, risk models, underwriting standards, programs, policies, instant approval parameters, and procedures as appropriate to achieve desired production levels and credit quality. Knowledge & Skills Experience 5+ years of consumer lending and underwriting, including TRID loans, all Real Estate secured lending, personal lines of credit, direct and indirect auto lending programs, credit scoring, credit prescreening, collateral protection insurance, risk management, portfolio analysis, and product marketing. Must be familiar with automated underwriting programs and systems. Education/Certifications/Licenses Bachelor’s Degree in Business or in, related field. Interpersonal Skills A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance. ADA Requirements Physical Requirements Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance. Working Conditions Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise. Mental and/or Emotional Requirements Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters. EEO Statement it is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual’s race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law

Responsibilities

The VP of Consumer Lending develops and oversees the organization's consumer lending programs and processes, ensuring compliance and operational excellence. This role is responsible for portfolio growth and creating a frictionless customer experience.