Chief Credit Officer

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best! Benefits Offered by CoBank:

• Careers with a purpose
• Time-Off Packages, 20 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10k per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

 

Job Description

The Chief Credit Officer is responsible for managing, directing and providing strategy to the bank's credit approval, special assets, collateral audit and credit development and other credit related functions. Contributes to the overall leadership of the bank through participation at the executive level in the development of strategic and operating objectives and plans. Serves as a member of senior committees of the bank, including the Asset/Liability Committee (ALCO), Country Risk Committee, Investment Committee, and as the chair of the CoBank Loan Committee (CLC). Maintains effective relationships with the Farm Credit Administration, the Farm Credit System Risk and Credit committees and workgroups, and other governmental, industry, financial, and community groups to enhance financial performance and business effectiveness.

Essential Functions

• Leadership, organization, staffing, development, direction, and day-to-day management for the Credit Management Group to ensure effective allocation and deployment of resources to support the achievement of strategic objectives and the business plan.
• Selects, develops, and motivates a highly qualified management team. Grants authorities appropriate for each position, sets standards of performance, evaluates performance of managers, and approves personnel transactions within delegated authorities.
• Responsible for chairing the CLC, including providing procedures and documentation of actions, recommendations for further delegation and approval authority, concentration limits, and recommendations for administrative actions or official committee positions.
• Responsible for the development of the annual portfolio strategy, providing guidance on portfolio management, and producing the quarterly Credit Management Report.
• Provides and maintains a sound and consistent set of underwriting policies, standards and guidelines, and general credit philosophy to be utilized in all lending and leasing functions across the bank.
• Maintains and recommends changes as needed to lending and related policies and directions, including presentation to the Board for approval.
• Assists and supports the bank’s lending functions in their credit analysis and transaction structuring responsibilities.
• Provides overall management of the bank’s special asset functions, including approvals of specific actions, plans, and strategies for resolution of problem situations, and execution as appropriate.
• Provides accurate and timely monitoring and assessments to bank management and the Board Risk Committee on the quality of the bank’s loan portfolio, high-risk loans and industry issues and opportunities.
• Works with other units of the bank to assure that the Farm Credit System Cooperation Philosophy is successfully executed.
• Provides regular updates on credit conditions to the CoBank Board, FCA, Investors and others as needed.

Education

• Bachelor's Degree in a relevant discipline required
• Master's Degree and/or MBA or CPA designation preferred

Work Experience

• 15 years of progressive relevant experience, experience must also include progressive management experience required

Travel Requirement Details

Frequent Travel occurs very often (typically, multiple times a week or several times a month).

About CoBank

The typical base pay range for this role is between $307,200 - $384,040. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is ac