Deputy Chief Credit Officer

Join to apply for the Deputy Chief Credit Officer role at Farmers & Merchants Bank of Long Beach

Join to apply for the Deputy Chief Credit Officer role at Farmers & Merchants Bank of Long Beach

Farmers & Merchants Bank of Long Beach provided pay range

This range is provided by Farmers & Merchants Bank of Long Beach. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$223,808.00/yr - $389,625.00/yr

Job Summary
The Deputy Chief Credit Officer is responsible for providing direct oversight in the management of the Bank’s lending function through participation in various committees, mentorship of the loan officers and administration of all lending function processes and portfolio risk management practices. This position is a member of the Lending Committee and is responsible for reviewing and approving loan submissions within the designated lending authority.
Essential Duties

• Oversees the Bank’s lending function, portfolio management, loan policies/procedures and daily lending process functionality. Directs credit related processes and philosophy for consistent analytics within the loan underwriting functions.
• Deputy Chief Credit Officer must set a standard for loan officers and Credit Administrators that encourages their decision making abilities through positive criticism and training, which helps with their overall personal development and performance at the Bank.
• Review and approve loan submissions, including Residential Lending submissions, within lending authority and assist loan officers with questions regarding our loan products, structuring, evaluating and granting new and modifying existing loans and providing solutions to particular situations with loan customers regarding loan requests, all of which are to provide the bank with a solid and profitable loan portfolio.
• Provide timely responses to branch loan approval requests granted that the request is complete.
• Provide instructional and mentoring advice to loan officers and lending staff as to the proper structuring, pricing and presentation of loans for approval.
• Provide direct management for the environmental risk and appraisal procurement/review personnel and processes.
• Responsible for the process of reviewing and approving draw requests and inspection reports for the Bank’s construction loan portfolio.
• Responsible for reviewing and approving periodic reimbursement requests received from parties contracted to complete insurance damage repair projects.
• Manage Lending Committee members providing oversight for reviewing and recommending loan requests that require combined member authority.
• Provide direct management of Electronic Card Services group to approve limits, sign off on annual reviews and provide guidance to the credit risk associated with ACH, RDC, mRDC, Credit Cards and Merchant Services offered by the bank beyond the identified Operational Risk.
• Manage periodic reviews (as required or scheduled under Tier Risk program) of approved limits and risk thresholds within these client relationships for prudent management oversight.
• Manage lending related audit responses to identify any compliance or credit issues that may arise from time to time as a result of the processes in handling lending requests. Serve as the direct liaison between Credit Administration and Loan Audit to discuss ongoing risk assessment and audit findings.
• Communicate with third party auditors and Regulatory Agencies as necessary.
• Participate in various committees and meetings as designated by the Chief Credit Officer – may include Credit Administration Committee, Large Borrower Committee, CRE Concentration, ALLL etc.
• Assist in various portfolio risk management assessment strategies and participate in the review and discussion of interest rate risk, market risk, industry risk, ALLL, stress testing, etc.
• Provide oversight for Loan Documentation Unit. Direct processes and policies related to timely and accurate production of loan documents.
• Provide oversight for Credit Administration Services. Direct processes and policies related to lending training, records management, servicing, reporting, etc.
• Provide oversight to the management of external legal engagement including loan documentation preparation and amendments as necessary.
• Provide oversight for Escrow Department processes and policies related to title company engagement, loan funding/closing, etc.
• Provide oversight to the Special Assets Department. Engage in the timely workout, charge off and risk assessment for those loans within the department’s purview.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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