Apply on Employer Site

Thread Bank · 1 month ago

Chief Credit Officer - Embedded Lending

Nashville,TN,US

Full-time

Onsite

Director/Executive

15+ years exp

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. The Chief Credit Officer (CCO) will be responsible for overseeing the overall credit strategy, credit risk framework, and governance of the bank, ensuring safe and scalable growth in alignment with regulatory expectations and the bank's strategic focus on embedded lending.

BankingFinanceFinancial Services

Responsibilities

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

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

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

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

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

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

Qualification

Credit risk managementEmbedded lending experienceAPI-driven underwritingRegulatory compliancePortfolio analyticsData analyticsLeadership skillsCross-functional collaborationMentoringCommunication skills

Required

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