Senior Credit Officer

Company: First Security Trust & Savings Bank
Location: Elmwood Park
Posted on: June 19, 2022

Job Description:

Responsibilities: - Transactional approvals/declinations within delegated authorities - Voting Member of Loan Committee - Primary Loan & Discount interface - Ensure Compliance with Committee Charters and Credit Policies and Procedures - Oversee the production and maintenance of the portfolio data base and reports - Responsible for the credit policies and their compliance with the applicable regulations and laws, credit risk, product and program management - Ensure that the business development and relationship management group understands and develops business in accordance with the Bank's credit guidelines - Work with senior management on the determination of overall loan portfolio composition and the management of concentrations - Regulatory exam and audit loan liaison - Manage the independent loan review process (Plante Moran) - Ensure that the portfolio is appropriately Risk Rated and adequately reserved - Direct the Loan Work-Out/Special Assets process; reduce credit and collections/non- performing loan levels - Adhere to current compliance standards and service standards of performance - Perform other duties as assigned
Knowledge, Skills and Abilities - Lending, risk and leadership skills to drive the remediation of the loan portfolio and establish the necessary risk processes, infrastructure and a new risk culture Ability to lead and mentor a small team - Excellent leadership, interpersonal, team and communication skills (written and verbal) - Knowledge of banking regulations (State of Illinois, FDIC and FRB) - Sound working knowledge of the overall operations of the loan/credit departments - Ability to establish credibility and rapport; knowledgeable and personable looking for ways to improve the operations of the Bank - Proven ability to demonstrate and coach exceptional customer service - Ability to communicate and function professionally with all levels of personnel and business partners across the organization - Excellent customer contact skills; comfortable asking questions/ interviewing customers about their financial situation; strong listening skills - Must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions - Able to take "full ownership" of issues until they are completely resolved


Training and Experience - Degree in business/finance/economics - 10+ years relevant work experience with demonstrated track record of loan credit risk and strong workout expertise and experience with high emphasis on transactions - Prior experience with a community bank - Must be credit trained - Required experience related to financially distressed loans; restructuring and workout - Regulatory remediation experience a plus - Strong technical/ Windows and Excel computer background - Complete ongoing compliance training

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Keywords: First Security Trust & Savings Bank, Cicero , Senior Credit Officer, Accounting, Auditing , Elmwood Park, Illinois