Chief Credit Officer - Embedded Lending

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Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and Fin Techs to integrate compliant financial solutions.

Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and Fin Techs to integrate compliant financial solutions.

Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.

The Chief Credit Officer (CCO) is responsible for the overall credit strategy, credit risk framework, loan portfolio quality, and credit governance of the Bank. This executive will oversee all credit policy, underwriting standards, portfolio analytics, and risk controls across commercial, consumer, and embedded lending lines of business. Given the Bank’s strategic focus on embedded finance, the CCO must have deep experience in partner-driven lending, API-enabled credit origination, third‑party origination platforms, and risk management within distributed/embedded credit environments.

The CCO will ensure safe, scalable growth by aligning credit strategy with regulatory expectations, bank risk appetite, emerging fintech partnership models, and the unique risks associated with embedded lending.

• 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…