VP Credit Risk at Vibrant Credit Union

Moline, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Apr, 26

Salary

0.0

Posted On

30 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic Leadership, Credit Risk Management, Underwriting, Commercial Lending, Retail Lending, Portfolio Performance, Regulatory Compliance, Policy Development, Team Leadership, Capital Markets Risk Assessment, Loan Approval, Credit Adjudication, Risk Mitigation, Performance Management, Reporting, Interpersonal Skills

Industry

Financial Services

Description

Description Position Overview: The VP of Credit Risk is a senior leadership role responsible for overseeing all credit-related activities within the credit union, including underwriting, commercial lending, credit risk management, and portfolio performance. This role ensures compliance with regulatory standards and internal policies while driving growth in both retail and commercial lending. Requirements What You Will Do: Strategic Leadership & Oversight Participate in the development of corporate strategies and policies. Lead the Credit Division in alignment with the credit union’s mission and strategic goals. Provide strategic advice on all credit matters to the executive team. Credit Risk & Underwriting Oversee underwriting standards and ensure consistent application across all loan types. Perform underwriting duties as business requires. Review and approve loans within assigned limits; escalate as needed. Ensure credit adjudication complies with internal policies and regulatory guidelines. Commercial Lending Direct the commercial lending team in origination, structuring and underwriting of loans. Pursue new business opportunities and maintain relationships with business and community partners. Monitor commercial loan performance and recommend adjustments to mitigate risk. Retail Lending Oversee consumer loan portfolios including auto, equipment, mortgage, personal loans, and lines of credit. Ensure compliance across all retail lending operations. Capital Markets Responsible for assessing risk and recommending participations and pools for purchase. Establish pre and post purchase quality control underwriting reviews of purchased loans. Policy & Compliance Develop, revise, and implement credit policies and procedures. Respond to audit findings and ensure regulatory compliance. Monitor risk indicators and recommend mitigation strategies. Team Leadership & Development Provide coaching and performance management for direct reports. Foster a culture of continuous improvement and professional development. Reporting & Communication Prepare and present reports on credit performance, risk, and strategic initiatives. Collaborate with other departments including Finance, Operations, and Marketing. Our Ideal Candidate Bachelor’s, MBA, CPA, or equivalent advanced degree preferred. 10–15 years of experience in credit and lending, with at least 5 years in a senior leadership role. Proven expertise in commercial and consumer lending, underwriting, and credit risk. Strong leadership and interpersonal skills. Deep understanding of credit union philosophy, structure, and regulatory environment. Hands on leader who actively participates in day-to-day underwriting tasks. Reports to Chief Lending Officer Environmental and Physical Activity Requirements: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines. The daily responsibilities of this position constantly require effective talking, hearing, walking, finger dexterity, reaching, stooping, and grasping functions. The position also often requires reaching and lifting (up to 25 pounds). Frequent sitting, standing, and repetitive motion activities are also required. Must be able to read print and computer-based materials and to do so with consistent accuracy. Most of these functions require light physical exertion and are conducted indoors at controlled degrees of temperature. Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Responsibilities

The VP of Credit Risk oversees all credit activities, including underwriting, commercial lending, and portfolio performance, ensuring compliance with regulations and driving growth in both retail and commercial lending sectors. This role involves strategic leadership, policy development, and direct oversight of credit adjudication processes across the credit union.