Chief Credit Officer

Great credit leadership isn’t about avoiding risk. It’s about knowing which risks are worth taking. We’re looking for a Chief Credit Officer who combines deep credit expertise with strategic thinking, strong leadership, and a growth mindset. You’ll have the opportunity to shape credit strategy, lead a talented team, strengthen portfolio quality, and help the Bank grow responsibly for the future.

Position Summary

As an EOS Company, the Chief Credit Officer (CCO) is accountable for all risks associated with extending credit to borrowers. This includes overseeing the credit policies and procedures of the bank, ensuring the quality of the bank's loan portfolio, working up or out the credits that fail to meet the Bank’s standards establishing the desired industries and applicable concentration parameters that the bank should target. The CCO will lead the credit team, manage credit risk, develop strategies to enhance the bank’s credit operations, and ensure the Bank is positioned for future growth, as it pertains to credit strategy.

Core Responsibilities

• Credit Risk Management:
• Develop and implement credit policies, procedures, and guidelines to ensure the bank's credit risk is appropriately managed.
• Oversee the credit approval process, ensuring that loans and credit lines meet the bank’s standards and regulatory requirements.
• Monitor and manage the credit portfolio to maintain a healthy balance between risk and reward.
• Conduct regular credit reviews and stress tests to identify potential risks and implement mitigation strategies.
• Overseeing workout, liquidation and reporting of problem loans.
• Leadership and Team Management:
• Lead, mentor, and develop a team of credit professionals, fostering a culture of teamwork, excellence and continuous improvement.
• Ensure that the credit team is adequately trained and equipped to perform their duties effectively.
• Strategic Planning:
• Collaborate with the Executive Team to develop and implement strategic plans that align with the bank’s goals and objectives.
• Provide insights and recommendations on credit-related matters to the Executive Team.
• Seek ways to use technology and streamline processes for greater efficiency while providing exceptional service, both internally and externally.
• Regulatory Compliance:
• Ensure that the bank’s credit operations comply with all relevant laws, regulations, and industry standards.
• Liaise with regulatory bodies and auditors during examinations and audits.
• Participate in all required BSA training and demonstrate knowledge of BSA relative to job responsibilities.
• Reporting and Analysis:
• Prepare regular reports on the credit portfolio’s performance, highlighting key metrics and trends.
• Analyze market conditions and economic trends to assess their impact on the bank’s credit portfolio.

Secondary Responsibilities

• Participates in all required BSA training and demonstrates knowledge of BSA relative to job responsibilities.
• Responsible for security as it applies to this position.
• Perform additional duties as assigned to support team and organizational goals.

Bank Standards

At Heritage Bank, we are committed to a customer-centric, service-driven culture. We operate under the following core standards:

• Mission: Help people succeed financially.
• Ethics: Always do the right thing.
• Solutions: Bring innovative solutions to challenges.
• Ownership: Take accountability and learn from our mistakes.
• Positivity: Bring energy and enthusiasm to everything we do.

Compensation & Benefits Get ready to be rewarded! This position provides an annual salary range of $135,000 - $160,000. Full-time team members enjoy a comprehensive benefits package including paid time off, paid holidays, and even paid volunteer days. Your health is covered with medical, dental, and vision insurance, plus plan for your future with our 401(k) and ESOP retirement plans. Enjoy additional benefits and incentives consistent with our company policy. Join us and discover how rewarding your career can be!

Disclaimer

This job description outlines the general nature of the role and is not intended to be all-inclusive. Duties, responsibilities, and benefits may change as business needs evolve. Employment is at will, meaning either the employee or the Company may end the employment relationship at any time, consistent with applicable law.

We are an Equal Opportunity Employer and value diversity at all levels of the organization.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field; MBA or relevant postgraduate qualification preferred.
• Minimum of 7 years of experience in credit risk management, with a majority in a senior leadership role.
• In-depth knowledge of credit policies, procedures, and regulatory requirements.
• Strong analytical and problem-solving skills, with the ability to make sound decisions under pressure.
• Excellent leadership and team management skills.
• Outstanding communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
• Proficient in leveraging technology to improve efficiency and effectiveness.

Key Competencies

• Strategic thinking and planning
• Strong technology aptitude
• Risk assessment and management
• Leadership and team development
• Regulatory knowledge and compliance
• Financial analysis and reporting
• Decision-making and problem-solving
• Communication and interpersonal skills