VP, Head of Credit Strategy, Governance, and Loss Forecasting

At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

Our Modern, Flexible Workplace:

 

We believe in a Modern, Flexible Workplace, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you!

It is anticipated that an incumbent in this role will work remotely for three (3) or more days a week and will share a hoteling workspace when working onsite. Work location is subject to change based on business needs.

Summary of the Job:

 

The Head of Credit Strategy, Governance, and Loss Forecasting is a critical leadership role responsible for advancing the bank’s credit risk management practices along the three lines of defense, commensurate with company growth goals, and for providing and communicating strategic perspective on loss forecasting and reserves for credit losses for all the bank’s asset types. This position oversees moving FNBO’s credit risk strategy and governance on the maturity curve, as the bank approaches a heightened level of regulatory expectations; and articulates, based on thorough understanding of complex modeling outcomes, loss forecasting and stress testing outcomes and implications for business planning. Reporting directly to the Chief Credit Officer of the bank, this key leader is expected to facilitate the Credit Risk Committee of the organization and to chair the Reserve for Bad Debt Committee.
Success in this role is measured by advancing the credit risk organization at FNBO to meet heightened regulatory standards in the next three years, by improving transparency and predictability of the CECL loss forecasting process, and by driving an ever-evolving set of credit policies and strategy that help the bank achieve the right balance of growth and risk.

About This Role:

 

Key Responsibilities:

• Credit Risk Strategy and Governance:
  • Evolve and implement the decision governance and documentation framework for credit risk management across the enterprise.
  • Lead the design of the FNBO organizational framework for effective challenge in credit risk management, and the separation of credit risk responsibilities across lines of defense, considering heightened regulatory standards for a growing financial institution.
  • Lead strategic cross-functional decision forums revising credit key risk indicators, concentration limits, enterprise credit policy, exceptions.
  • Oversee implementation and documentation of business controls in the Credit Risk organization, monitoring, issue identification and resolution, according to enterprise risk management programs.
• Loss Forecasting and Reserve for Loan Losses Strategy:
  • Chair the Reserve for Bad Debt Committee at the bank, partnering with Finance to manage the bank’s reserves for loan losses
  • Oversee the design, implementation, and continuous improvement of credit risk models used to predict credit losses, including stress testing models and economic scenario analysis.
  • Implement allowance reporting designed to inform executive audience of attributions, expected trends, correlations, anticipating reserve adjustments and reducing volatility.
• Executive Reporting and Communication:
  • Coordinate executive reporting on credit risk trends, exposure, and performance.  Facilitate Credit Policy decision forums at the enterprise level and report critical decisions and metrics to the Board.
  • Provide executive leadership with credit risk benchmarking, industry performance and forecast, and thought leadership to support strategic decision-making.
• Safety and Soundness Regulatory Oversight:
  • Serve as the accountable executive for regulatory relationships regarding safety and soundness requirements.
  • Ensure credit policies and practices comply with existing and new applicable laws, regulations, and internal standards.

The Ideal Candidate for This Role:

 

Qualifications:

• Bachelor’s degree in Economics, Business, Finance, or a related field; advanced degree preferred.
• Extensive experience (10+ years) in credit risk management, with at least a couple of years in a credit risk governance function, implementing a second line credit