Ford Motor Company · 11 hours ago
Chief Credit Officer
United States
Full-time
Hybrid
Director/Executive
10+ years expFord Motor Company is a global leader in the automotive industry, and they are seeking a Chief Credit Officer for their newly formed Ford Credit Bank. The Chief Credit Officer will be responsible for developing and managing the bank's credit risk management programs, ensuring compliance with regulations and internal policies while overseeing the credit risk management team.
AutomotiveAutonomous VehiclesManufacturingTransportation
No H1B
Responsibilities
Direct the development and execution of the Bank’s credit risk management program to align with the Bank’s governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation
Establish and maintain effective credit risk management program underwriting standards, strategies, and procedures and processes including but not limited to:
Consumer and commercial lending applicant underwriting standards and controlled formal exception approval and monitoring processes for each product offered by the Bank
Minimum standards for the requirement of when investigation and verification of applicant and contract data is required
Collection and vehicle repossession strategies, tactics, and record keeping
Evaluation and oversight of external party business relationships
Process for establishing accurate vehicle residual values that consider the effects of depreciation and expected market conditions and procedures to manage the end of lease term process; and
Management and maintenance of credit risk stress testing scenarios and processes
Approve the tools, models, and strategies used to quantify loss expectations and optimize collection resources, and to assess recovery expectations and optimize recovery resources
Create minimum requirements for model performance tracking and measure the effectiveness of the scoring systems used for credit, collections, and recovery strategies on a regular basis
Establish comprehensive risk reporting processes and metrics to monitor overall portfolio quality and credit performance, effectiveness of loss mitigation and collection strategies, performance and/or use of collections remedies, and policy compliance
Provide independent oversight and reporting to the Board and management on key credit risks, credit risk trends, and credit risk mitigation, including regular reporting at the transaction, product segment, product, and portfolio levels on policy exception volumes, performance, credit concentrations and other analysis
Maintain allowance for credit losses at appropriate levels and document its analyses in accordance with relevant concepts and requirements
Conduct quarterly reviews of residual impairment to determine if an impairment reserve needs to be established or adjusted and report results
Act as the primary contact for regulatory examinations, internal audits, and external audits of the credit risk management programs. Respond to exams and audit concerns and coordinate corrective action of all related findings
Oversee activities of the credit risk management team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives
Represent the Bank in civic and community reinvestment functions
Qualification
Required
10+ years of banking experience
A minimum of 2 years' experience as a Credit Officer
Advanced knowledge of lending interagency regulations and applicable state laws
Strong communication and presentation skills and proven customer service experience
Exceptional analytical skills and the ability to work with complicated financial data
Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
Strong ethical behavior and the ability to work with sensitive information
Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives
Preferred
Bachelor's degree preferred
Benefits
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
Paid time off and the option to purchase additional vacation time.
Company
Ford Motor Company
We don't just make history -- we make the future.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$16.23BKey Investors
US Department of EnergySoros Fund Management
2025-07-29Post Ipo Debt· $3B
2023-08-17Post Ipo Debt· $4B
2023-06-22Debt Financing· $9.2B
Leadership Team
James Farley
Chief Executive Officer
Efrat Barit
COO
Recent News
The Motley Fool
2026-01-22
2026-01-20
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