Chief Banking Officer

SUMMARY:

The SVP - Chief Banking Officer is responsible for the oversight and management of all aspects of client banking production to ensure the maximization of company profits by providing leadership, direction, and administration. The SVP - Chief Banking Officer also generates business by building long-term trusted relationships with current and prospective clients. The SVP - Chief Banking Officer works collaboratively within the Bank’s senior management team. This position oversees the Business, Retail, Mortgage Banking Teams, and Cash Management.

ESSENTIAL DUTIES & RESPONSIBILITES:

Strategic Leadership – 35%

• Collaborate with the senior management team to develop and implement an annual strategic plan, budget, operational, and performance goals and to achieve and realize the bank’s plans.
• Advise the senior management team on key planning issues and make recommendations on important business decisions regarding future growth
• Leads and participates in bank committees or focus groups, providing direction and recommendations that best align with bank goals and ongoing growth and improvement of the bank.
• Provide leadership to the overall organization. Work closely with Human Resources to identify talent from within and work to develop employees for future roles within the bank. Provide mentoring as a method to further develop high-potential talent.
• Stay abreast of regulations and legislation, as well as other policy-making events that directly affect the bank.
• Represents the bank at various trade groups, training, and networking events.
• Serves in leadership or on boards or committees of nonprofits or governmental entities on a volunteer basis offering leadership, credit and financial management insight.
• Maintains positive relationships with other banks relative to the sale and purchase of loan participations.

Management and Supervision – 35%

• Leads, mentors, and supports:
  • Business Banking Team
  • Retail Banking Team
  • Mortgage Banking Teams
  • Cash Management Officer
• Provide planning and day-to-day leadership and direction to assigned employees by setting accountabilities, tasks, and assignments.
• Hosts frequently scheduled one-on-one meetings with direct reports to gain insight, feedback, and updates on contributions or projects.
• Works closely with Human Resources to internal identify talent with potential and works to develop employees for future roles within the bank. Provide mentoring as a method to further develop high-potential talent.
• Reviews and updates all commercial banking and cash management job descriptions to be consistent with future structure and roles of team members to best meet the vision and strategic objective of the Bank.
• Creates, updates, and maintains written assigned Bank policies as applicable.
• Recognizes training needs within the department and Bank especially in the areas of setting meaningful KPIs, prioritizing work, tracking client interactions within bank reporting systems, sales styles and effectiveness and other key training areas. Assists in the early detection of errors or problems and locates training opportunities.
• Serves as an active participant at internal project meetings and acts as the subject matter expert for the Banking teams. The SVP Chief Banking Officer may act as the primary project owner of banking initiatives and also serves as the project/product champion for projects owned.
• Owns and drives initiatives and tasks resulting from internal project management meetings.
• Partners with the Project Activation Officer and other members of internal project teams to execute initiatives as identified by the Bank’s approved project plan.

Credit Approval & Risk Management - 20%

• Recommends optimal credit structure and products for clients.
• Along with the SVP Chief Credit Officer and Credit Administration Manager, Supports Business Banking Associate(s) in the conduct of their job responsibilities within the banking team.
• Works with Credit Analysts to complete a thorough analysis and evaluation of all new and renewed loan requests.
• Works with Credit Analysts to prepare written submission and presentation for consideration by the Loan Committee.
• Assists in managing the quality of the loan portfolio through coaching efforts of banking team members and collaboration with the Chief Credit Officer and President/Chief Executive Officer.
• Partners with Chief Credit offer to monitor existing procedures and establish new procedures that will ensure the bank’s commercial and retail businesses are compliant with the bank’s credit policy and banking regulations.
• Partners with the Chief Credit Officer and Commercial Bankers in the collection of delinquent accounts while keeping management informed of collection activities and any significant problems.
• Assists Commercial Bankers in the thorough analysis and evaluation of all new and renewed loan requests.
• Prepares written submission and presentation for consideration by the Loan Committee for own loans and reviews presentations of direct reports.
• Serves as a voting member on the Bank’s Loan Committee and other committees as deemed appropriate by management.
• Monitors existing and established procedures to assure that the Bank’s loan portfolio is managed and documented per the Bank’s lending policy and banking regulations.
• Proactively identifies and manages risk through the careful review of client financial statements and various internal reports. Works with Chief Credit Officer and clients to minimize loss.

Business Development – 10%

• Directs and monitors the production of loans, deposits, and fee income to ensure that the Bank meets established goals and objectives with respect to growth and profitability.
• Assists team members in the analysis and evaluation of prospective borrowers' financial information, management quality, collateral, industry risk, and business viability.
• Evaluates loan pricing and structure relative to risk to maintain Bank standards.
• Contributes to regular periodic portfolio reviews to identify changes in the credit quality, ensuring overall portfolio quality that meets or exceeds expectations.
• Examines, evaluates, authorizes, or recommends approval of credit applications for commercial and consumer loans and lines of credit. Ensures the bankers meet file documentation requirements.
• Contributes to the productivity of the Bank through personal business development efforts to generate new business.
• Monitors product delivery and quality while proactively working to resolve issues.
• Partners with the Chief Credit Officer and Bankers in the collection of delinquent accounts while keeping management informed of collection activities and any significant problems.
• Answers questions and resolves requests, keeps borrowers informed of Bank loan policies and services.
• Partners with the Chief Credit offer to monitor existing procedures and establish new procedures that will ensure the bank’s commercial and retail businesses are compliant with the bank’s credit policy and banking regulations.
• Develops, proposes, and implements banking program policy and strategy by leading activities related to new product development.
• Prepares periodic production updates and reports for management and the Board of Directors.
• Assists in managing the quality of the loan portfolio through coaching efforts of banking team members and collaboration with the Chief Credit Officer and President/CEO.

 OTHER RESPONSIBILITIES:

• Assists departments throughout the bank with special projects and functions.
• Performs all job functions and interactions with fellow bank employees, customers, vendors, and prospective customers within the guidelines of the Drake Bank Mission, Vision, and Core Values: Dedicated, Reliable, Authentic, Knowledgeable, and Ethical
• Performs other duties as assigned.

REGULATORY COMPLIANCE RESPONSIBILITIES:

• Continually enhances knowledge of regulatory and compliance issues through completion of all required online training and attendance at in-house and external training presentations.
• Performs all job functions in accordance with Federal and State regulations and within banking policies.