Thread Bank

Chief Credit Officer - Embedded Lending

Thread Bank, Nashville

1 day ago Be among the first 25 applicants

Who We Are

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions.

Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

Description

What We Are Looking For

We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.

What You'll Do

The Chief Credit Officer (CCO) is responsible for the overall credit strategy, credit risk framework, loan portfolio quality, and credit governance of the Bank. This executive will oversee all credit policy, underwriting standards, portfolio analytics, and risk controls across commercial, consumer, and embedded lending lines of business. Given the Bank’s strategic focus on embedded finance, the CCO must have deep experience in partner-driven lending, API-enabled credit origination, third‑party origination platforms, and risk management within distributed/embedded credit environments.

The CCO will ensure safe, scalable growth by aligning credit strategy with regulatory expectations, bank risk appetite, emerging fintech partnership models, and the unique risks associated with embedded lending.

Credit Strategy & Governance

Define and maintain the Bank’s credit risk appetite, underwriting standards, and portfolio concentration limits.
Lead the Bank’s Credit Policy Committee and oversee all credit policies, procedures, and risk rating frameworks.
Ensure credit governance aligns with regulatory expectations (FDIC/State).
Develop and maintain risk‑adjusted return targets across product lines, including embedded and platform‑originated credit.

Embedded Lending & Fintech Partnerships

Lead risk architecture for embedded lending programs, including consumer, SMB, installment, BNPL, specialty finance, and vertical‑SaaS credit models.
Oversee due diligence, approval, and ongoing monitoring of fintech partners, program managers, and third‑party originators.
Implement partner‑level underwriting guardrails, data‑sharing requirements, waterfall rules, early warning metrics, and model validation standards.
Ensure alignment between the Bank’s credit strategy and partner product design, onboarding flows, and credit decisioning engines.
Govern API‑driven decisioning tools, alternative data usage, and continuous partner monitoring.

Credit Risk Management & Portfolio Oversight

Own portfolio credit quality, including delinquency, charge‑offs, recoveries, reserves, CECL modeling, and stress testing.
Lead portfolio analytics, trend monitoring, concentration management, scenario analysis, and loss forecasting.
Oversee credit review, audit readiness, and independent loan review processes.

Monitor embedded credit portfolios for performance drift, model degradation, partner compliance, fraud risk, and adherence to contractual SLAs.
Manage specialty portfolios such as MCA‑like products, equipment financing, and recurring revenue‑based lending, when applicable.

Operations, Underwriting, & Credit Administration

Guide centralized underwriting, loan approval, and credit administration teams.
Ensure scalable processes for both bank‑originated and partner‑originated credit flows.
Oversee document quality, collateral monitoring, covenant compliance, and servicing quality.
Work cross‑functionally with operations, compliance, and product owners to ensure disciplined credit operations.

Regulatory Management & Compliance

Serve as primary credit risk point of contact for regulators and external auditors.
Ensure compliance with regulatory guidance on third‑party risk management and bank‑fintech partnerships.
Prepare and present credit‑related reporting to the Board of Directors, including portfolio updates, risk trends, and emerging issues.

Executive Leadership

Advise the CEO, Board, and ALCO on credit trends, capital implications, and partner performance.
Build and mentor a high‑performing credit and risk team.
Collaborate with technology and product teams to design scalable digital credit workflows.
Drive a risk culture that supports controlled growth, innovation, and sound credit practices.

Qualifications

Education & Experience

15+ years of progressive credit risk experience leading credit at a bank or regulated lender.
Deep experience in embedded lending, including partner‑based program structures; API‑driven underwriting; alternative data and automated decisioning; third‑party fintech oversight; bank/fintech compliance frameworks.
Proven ability to design, scale, and manage credit for high‑velocity consumer or SMB lending programs.
Expertise in managing regulatory exams and supervisory relationships.
Demonstrated leadership skills with experience guiding cross‑functional teams.
Bachelor’s degree in Finance, Accounting, Economics, Data Analytics, or related discipline.

Preferred Qualifications

Experience with warehouse lending or structured finance supporting fintech‑originated credit.
Experience with specialty asset classes: BNPL, MCA/cash‑flow underwriting, recurring revenue lending, or equipment finance.
Background in model governance, ML underwriting, and credit decisioning systems.

Position is In‑Office Nashville, TN based.

Employee must be able to perform essential functions of the position and, if requested, Thread Bank will make reasonable accommodations to enable employees with disabilities to perform the essential functions of their job, absent undue hardship, in accordance with the ADA.

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non‑disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job‑related information.

Seniority level

Executive

Employment type

Full‑time

Job function

Finance and Sales

Industries

Banking

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