VP, Credit Risk

Executives Vacaville, California


Description

SummaryReporting to the General Counsel, Travis Credit Union’s (TCU) Vice President, Credit Risk is responsible for ensuring that all of TCU’s lending lines of business are consistent with the credit union’s overall lending strategy and compliance programs, in accordance with the credit union’s regulatory compliance program and all applicable laws and regulations.

The VP, Credit Risk is a member of the Senior Leadership Team, and will partner with the business lines and compliance and risk management teams in the design, management and monitoring of the risk and control environment for lending activities, including providing insight for enterprise-wide credit risk management, product soundness and profitability, and portfolio analysis. 

This position provides oversight related to all of the credit union’s lending portfolios and recommends policies and systems reflecting best practices to manage risk exposures, as well as risk measurement methodologies and approaches to stress testing. The VP, Credit Risk is responsible for implementing and maintaining adequate internal control structures and enhances the credit union’s ability to successfully serve the membership while minimizing risk and independently ensures compliance with all applicable regulatory requirements and internal policies

Profile: 

  • Evaluates and assesses framework for new credit products, services, and systems.
  • Ensures adherence to the bank's credit risk appetite, including but not limited to compliance, concentration, interest rate, and strategic risk.
  • Monitors delinquency and charge-off rates.
  • Contributes and supports the development of programs, products, policies, and procedures that align with the overall strategic direction, annual business plan, and budget of the credit union.
  • Partners with Finance to ensure that all profitability models are appropriate and profitability calculations and assumptions are accurate. Supports the overall strategy and objectives of the Lending unit through implementation of effective risk management processes.
  • Ensures that policies, procedures, internal controls, and systems are fully established, operating, monitored and tested, as well as updated to comply with emerging regulatory requirements and expectations.
  • Provides periodic reports to the Board of Directors, the CEO, the CLO, and select committees on issues, trends, exceptions, violations, and appropriateness of corrective actions.
  • Maintains a current awareness of the regulatory environment and a working knowledge of all applicable state and federal laws and regulations.
  • Participates in the development of new commercial and consumer products, services, policies or procedures to ensure soundness and profitability, and proper consideration of regulatory requirements.

Skills:  

  • Strong knowledge of state and federal lending and related consumer protection laws and regulations, and typical internal lending policies used in the financial services industry.
  • Strong analytical skills, and the ability to gather, analyze and present data in clear and concise manner.
  • Excellent organizational skills.
  • Effective, professional verbal and written communication and presentation skills.
  • Strong continuous process improvement mindset.
  • Strong ability to vindicate TCU’s credit risk policies while maintaining solid relationships with peers whose programs have sometimes competing goals. .
  • Well-developed oral and written communication skills. Interpersonal skills necessary to interact effectively at all levels of the organization, including credit union staff, management, directors, and regulatory examiners.
  • Adept at reading and interpreting information written in highly technical and legalistic format.
  • Ability to work autonomously and initiate/prioritize own work.

Supervisory Relationships:

  • Reports directly to the General Counsel.
  • At this time this role with operate as an individual contributor with the intent to grow management responsibilities in the future.

Experience and Education:

  • Bachelor’s degree in Business Administration or a related field; or equivalent experience. Master’s degree preferred.
  • Minimum 5 years of commercial, real estate, and consumer lending experience, in any combination of lending management, underwriting, compliance, audit, risk management or legal capacities in the financial services industry.
  • Minimum 8 years of management and executive leadership experience required.

Starting salary is commensurate with experience. In addition to our competitive benefits, this opportunity with Travis Credit Union has a range of: 

  • $161,596.90/annually - $199,620.00/annually 



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