Advanced Business Solutions (ABS) LLC · 1 week ago
Chief Credit Officer
Advanced Business Solutions (ABS) LLC is a community bank committed to providing personalized, quality service. They are seeking a Chief Credit Officer responsible for overseeing the bank's loan risk management, ensuring compliance with regulations, and leading the credit team to maintain credit quality within the loan portfolio.
Responsibilities
Oversees the bank’s loan risk management process to monitor quality control and minimize losses
Maintains loan policy and loan procedure to ensure adherence to sound underwriting best practices, laws, and regulations
Stays current on banking regulatory changes, monitors industry’s best practices and economic trends, provide updates to other members of the team, and ensures that current practices and policies are compliant and appropriate to changing conditions
Informs the President, Board of Directors, and Loan Committee of any material considerations affecting loan portfolio or policy
Develops and oversees the Bank’s internal credit training program, working with credit department staff and external resources
Use strong management practices to hire, coach and develop the credit team, ensuring that the team remains appropriately staffed
Ensures loans are properly documented for covenant compliance as well as safety and soundness (via Loan Operations Department)
Oversees Impairment Analysis
Reviews Loans prior to External Loan Committee meeting
Development of loan packets
Oversees stress tests
Responsible for the annual large loan review and annual review of loan policy
Leads loan review and train internal loan review
Continuing education and/or training sessions, as required
Maintains current employee information in the Disaster Recovery Plan
Performs other duties as assigned
Qualification
Required
Oversees the bank's loan risk management process to monitor quality control and minimize losses
Maintains loan policy and loan procedure to ensure adherence to sound underwriting best practices, laws, and regulations
Stays current on banking regulatory changes, monitors industry's best practices and economic trends, provide updates to other members of the team, and ensures that current practices and policies are compliant and appropriate to changing conditions
Informs the President, Board of Directors, and Loan Committee of any material considerations affecting loan portfolio or policy
Develops and oversees the Bank's internal credit training program, working with credit department staff and external resources
Use strong management practices to hire, coach and develop the credit team, ensuring that the team remains appropriately staffed
Ensures loans are properly documented for covenant compliance as well as safety and soundness (via Loan Operations Department)
Oversees Impairment Analysis
Reviews Loans prior to External Loan Committee meeting
Development of loan packets
Responsible for the annual large loan review and annual review of loan policy
Leads loan review and train internal loan review
Continuing education and/or training sessions, as required
Maintains current employee information in the Disaster Recovery Plan
Performs other duties as assigned
Company
Advanced Business Solutions (ABS) LLC
Cultivating and Connecting Experts to Help you Thrive! Applied Bank Solutions started in 2008 with a focus on helping financial institutions survive and thrive! Through the years, we’ve been honored to help many organizations and have expanded our offerings to serve all types of financial service providers, as well as businesses in other industries.
Funding
Current Stage
Early StageRecent News
Lane Report | Kentucky Business & Economic News
2025-08-21
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