Monterra Credit Union · 2 months ago
SVP, Chief Lending Officer
Redwood City, CA
Full-time
Hybrid
Director/Executive
$275K/yr - $325K/yr
10+ years expMonterra Credit Union, located in the heart of the Bay Area, is a community-centric and growth-oriented financial institution. The Senior Vice President & Chief Lending Officer (SVP/CLO) is responsible for leading and managing the credit union’s lending operations and sales, ensuring growth, profitability, and regulatory compliance while collaborating with various departments to achieve strategic goals.
BankingFinanceFinancial Services
Responsibilities
Plans, organizes and effectively runs all lending lines of business including Commercial Lending, Consumer Lending, and Residential Real Estate Lending including all lending production, compliance and servicing. Also oversees financial assistance, fraud and credit risk functions
Oversees Commercial Lending, Consumer Lending, Residential and Real Estate Lending, and Financial Assistance and Fraud personnel, including coaching and mentoring of direct reports, setting semi-annual goals, conducting semi-annual performance reviews, recommending promotions and salary changes
Proactively drives new strategies by anticipating and planning for future organizational needs, member/product needs, and ensure all staff understands the overall vision in regards to the strategic goals
Serves as a member of the SLT by actively participating in SLT meetings, mentoring and holding peers and staff responsible for all areas that impact the strategic plan, as well as contributes to high quality member service, growth, risk management and profitability of Monterra Credit Union
Participates in developing Monterra Credit Union’s Strategic Plan, Annual Business Plan (“Bold Steps”), and Budget. Works with cross-functional teams in carrying out strategic initiatives
Provides relevant lending-related and credit risk-related input to the annual budget, and maintains accountability for achieving budgetary goals and limits
Determines success measures and service levels for Commercial Lending, Consumer Lending, Residential Real Estate Lending, and financial assistance and fraud, and distills relevant performance data for reporting on a monthly basis
Participates on and is a voting member of the Asset-Liability Management Committee (ALCO) in actively managing Monterra Credit Union’s interest rate risk, setting pricing on loans and deposits, managing net interest margin, and managing liquidity to ensure strong earnings while staying within Monterra Credit Union’s interest rate and liquidity risk tolerances
Participates on the Credit Risk Management Committee (CRMCO) in actively managing credit risk though sophisticated credit risk analytics, sound internal controls and operating procedures, and solid underwriting practices as a means of delivering on Monterra Credit Union’s lending-related value propositions while staying within Monterra Credit Union’s credit risk tolerances
Coordinates all Loan Committee meetings for review of new Commercial Real Estate loans
Responsible for directing all secondary market activities, including loan sales, investor servicing, mortgage servicing asset valuation
Owner of MeridianLink – LoansPQ system, which includes contract management, receiving/responding to any system notifications and alerts, vendor accountability, compliance, etc. Works closely with the System Administrators and System Subject Matter Experts as needed to ensure the system is working properly and to its fullest extent
Represents Monterra Credit Union in the community by attending community functions and participating on select Boards
Provides hands-on leadership for trouble-debt restructures, loan modifications, and foreclosures
Recruits, selects, motivates, develops and evaluates staff
Completes, understands and utilizes analytics to review and forecast department, product, and various other metric successes. Evaluates the impact and status of various initiatives
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and laws enforced by the Office of Foreign Assets Control
Provides service that aligns with the Credit Union’s mission of passionately delivering relevant products, services, and education tailored to help our members, employees, and communities achieve their financial goals
Qualification
Required
Minimum of a bachelor's degree in a related field
Minimum of 10 years' experience in lending for a mid- to large-size financial institution or mortgage broker
Ability to plan, organize and effectively run multi-faceted and dynamic Commercial Lending, Consumer Lending and Residential Real Estate Lending of a mid- to large-size financial institution
Strong leadership skills with a proven ability to lead, motivate, and supervise employees
Current knowledge of all laws, rules and regulations pertaining to lending
Thorough knowledge of all aspects of financial institution operational methods practices and services
Ability to analyze problems and opportunities, identify and evaluate alternatives, and develop sound, effective approaches
Ability to plan, implement, and evaluate the achievement of goals, objectives, and work plans
Strong data analytics capabilities
Ability to evaluate and decision real estate and consumer loan exceptions
Knowledge of Commercial Lending programs, operations and methodologies
Ability to establish and maintain effective working relationship with a diverse group of people including Board Members, regulators, Members, employees, attorneys, vendors, and other parties
Knowledge of financial concepts, systems, operations, methodologies, and stands of performance
Ability to communicate effectively both verbally and in writing
Skill in the operation of a personal computer and word processing, spreadsheet, database, and presentation software and Internet access
Occasional travel may be expected
Benefits
Semi-annual bonuses for meeting key financial and operational goals
Medical, Dental, Vision, Life, and Long-Term Disability insurances
401(k) including generous matching contributions
457(b) deferred compensation plan
Discounts on financial products and services, including mortgage and auto loans
Paid time off, tuition reimbursement, and much more!
Company
Monterra Credit Union
Why Work at Monterra Credit Union? We invest in the success of people and our community by giving back, making things easier, and committing ourselves to our members’ potential.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Annie Knight
Executive Assistant To Chief Executive Officer
Company data provided by crunchbase