Chief Credit Risk Officer

Chief Credit Risk Officer page is loaded## Chief Credit Risk Officer locations:
Des Moinestime type:
Full time posted on:
Posted 11 Days Agojob requisition :
REQ
00635

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.

Oversee credit risk management practices of the Bank to ensure safety and soundness while balancing prudent credit risk management in support of the Bank’s mission and vision.
** Accountabilities:
**** Responsibilities/Duties/Function/Tasks:
*** Determine appropriate application of credit risk management practices based on the risk appetite of the Bank
* Provide strategic vision, anticipate market changes, and integrate credit risk with organizational strategy and business plans
* Maintain a forward-looking approach, identifying emerging economic and competitive risks and position the Bank accordingly
* Align and adapt credit risk management to evolving business needs, product offerings, and portfolio mix
* Establish and maintain effective credit risk management policies, procedures and guidelines including risk limits and tolerances
* Direct and oversee member and counter party underwriting while understanding drivers and market trends that impact members’ and counter parties’ default risk
* Review the Bank’s largest and most complex credit risk exposures—financials, business models, capital/liquidity, and management quality
* Provide second line oversight of the Bank’s collateral risk management for lending and investment exposures, including collateral verification, eligibility and sufficiency
* Direct and oversee the credit risk review process for new products, collateral types and other new risk-taking initiatives
* Deliver clear and effective credit risk reporting to the Credit Risk Committee, Enterprise Risk Committee, Board, and regulators—translating complex topics into decision‑useful insights
* Develop, implement, and oversee an effective internal control environment.
* Ensure compliance with Bank policies and applicable regulations
* Lead and develop team members through communication, feedback, coaching and performance evaluation
* Foster a strong risk-awareness culture
* Chair the Credit Risk Committee and ensure its proper functioning
* Perform other duties and strategic projects as assigned
*
* Qualifications:

*** Bachelor’s degree in finance, economics, business administration or related field required;
Advanced degree (MBA, MS Finance, or related) preferred; professional certifications (FRM, CFA) a plus
* 10 years’ experience in credit risk, including evaluating the financial condition and performance of insurance companies, banks and thrifts, including counter party credit analysis and collateral risk management
* 5 years’ progressively responsible leadership roles in credit risk management
* Strong knowledge of credit underwriting, credit risk policy and oversight, and credit models; secured credit, including lien perfection, priority, and receivership processes
* Strong understanding of financial institution balance sheet structure, products and business models, including large and complex depositories and insurance companies
* Experience with money market, mortgage, fixed income, derivative instruments and markets
* Demonstrated ability to balance teamwork and partnership with ability and courage to drive change in a safe and sound manner
* Strong organizational management ability, including leadership and management, while working efficiently with multiple priorities and deadlines
* Excellent written and verbal communication skills
* Strong analytical skills; comfort working with quantitative models
* Solid project management skills
* Team player with ability to manage vertically and horizontally across the organization
** Compensation Range:
** Annual Salary: $ - $This salary range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with…