Sovereign Bank · 10 hours ago
Chief Credit Officer
Oklahoma City, OK
Full-time
Onsite
Director/Executive
10+ years expSovereign Bank is seeking a Chief Credit Officer (CCO) to oversee the bank’s credit risk management and loan portfolio quality. The CCO will lead the credit department, ensuring sound credit policies and compliance with regulatory standards while aligning strategies with the bank’s growth objectives.
BankingFinanceFinancial Services
Responsibilities
Credit Risk Management: Develop, implement, and oversee comprehensive credit risk policies, procedures, and strategies to maintain the bank’s asset quality and mitigate potential losses
Loan Portfolio Oversight: Monitor and manage the bank’s loan portfolio, ensuring diversification, credit quality, and alignment with risk appetite
Policy Development: Establish and update credit policies, underwriting standards, and loan approval processes to ensure compliance with federal and state regulations
Leadership: Lead, mentor, and develop a team of credit analysts, and underwriters to foster a culture of accountability, collaboration, and excellence
Risk Assessment: Evaluate and approve loan applications, ensuring thorough analysis of borrower creditworthiness, collateral, and repayment capacity
Regulatory Compliance: Ensure adherence to all regulatory requirements, including those set by the FDIC, OCC, and other governing bodies, while preparing for audits and examinations
Reporting: Provide regular reports to the CEO, Board of Directors, and Audit Committee on credit portfolio performance, risk exposures, and emerging trends
Strategic Planning: Collaborate with senior leadership to align credit strategies with the bank’s growth objectives, market conditions, and economic outlook
Problem Loan Management: Oversee the identification, monitoring, and resolution of non-performing loans, including workout plans and loss mitigation strategies
Stakeholder Engagement: Build and maintain relationships with key stakeholders, including regulators, auditors, and external partners, to support the bank’s credit objectives
Maintain excellent communication with Chief Executive Officer, Chief Lending Officer, lenders and other staff
Collaborate with Chief Financial Officer on CECL calculations
Oversee bank efforts in corresponding with bank examiners and other third-party loan review vendors relating to loans and lending issues
Oversee Executive Loan Committee and Special Asset Committee meetings
Direct and coordinate problem loan workout discussions with lenders and customers as needed
Develop and maintain knowledge of lending industry, economy, and market conditions
Oversee the bank’s real estate appraisal process
Oversee the bank’s commercial loan construction monitoring process
Qualification
Required
Excellent verbal and written communication and presentation skills for engaging with staff, executive leadership, and regulators and third-party vendors
Deep knowledge of commercial and consumer lending, credit analysis, and risk management
Advanced understanding of related federal and state lending and compliance regulatory requirements
Ability to assist in designing appropriate credit structures for complex credit requests
Proven leadership and team management skills, with a history of building and maintaining high-performing teams
Excellent analytical, decision-making, and problem-solving abilities
Strategic thinker, detail-oriented, and able to balance risk and growth objectives in a dynamic environment
Bachelor's degree in finance, Business Administration, or a related field; MBA or advanced degree a plus
Minimum of 10 years of progressive experience in credit risk management, with at least 5 years in a senior leadership role within a financial institution of comparable size ($1 billion+ in assets)
Company
Sovereign Bank
Sovereign Bank provides lending, mortgage, checking, savings, business, and personal banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Bryan Cain
President and CEO
Garett W. Hill
Executive Vice President | Chief Financial Officer
Recent News
The Journal Record
2025-11-04
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2025-08-22
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