What are the responsibilities and job description for the Credit Risk Officer position at Royal Credit Union?
Team Members are at the core of who we are; living our core values of making a difference, doing the right thing, making it easy, being caring, being friendly, nice, and respectful, and taking ownership. Perhaps Royal is the change you’re looking for. Royal Credit Union is looking for caring, energetic team members who want to create a positive impact in the lives of our Members.
Is this you? If so, let us know by submitting an application!
Compensation:
$106,000- $145,000 plus bonus potential
(candidates with significant related experience may be higher, in addition compensation may vary based on location of candidate)
Description:
Are you a seasoned, strategic credit manager who understands how to control credit risk while helping a strong financial institution grow? Do you possess the knowledge and experience to help strategically manage commercial real estate and business lending through good times and bad? As the Credit Risk Officer at Royal Credit Union, you will assist the VP of Credit Risk Management in overseeing business lending activities for CRE, C&I and small business lending. Your expertise will help develop, maintain, and enforce lending standards and underwriting practices. In this role, you will also be a resource for business lending leaders guiding lending activities. You will help manage approval processes and report on key risks and trends in our portfolio. This is an opportunity to join a strong team and help lead it into a prosperous future.
Key Responsibilities:
This is a full-time, exempt level position. Hours will generally be Monday through Friday, 8:00am – 5:00pm with occasional evening and weekend hours, as needed. The position can be located in either Wisconsin or Minnesota as long as they live within our branch footprint. https://www.rcu.org/locations
Team Member Benefits
Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers a 5% 401k employer match, paid family and sick leave, vacation and sick time accruals, childcare reimbursement, tuition and student loan debt assistance, pet insurance, and much more!
Required Education/Experience/Skills:
Prior to starting a normal work schedule, new Royal team members must attend Foundation Training. Training is held at our Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out of town learners will be reimbursed costs related to travel and lodging. Foundation Training covers fundamental information about Royal’s culture and core values which sets the stage for team members to be successful within our organization.
Why Join Us?
We will be communicating with you by email and/or text on the status of your application. Please monitor your email inbox and junk folder for status updates and additional instructions.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status or status as an individual with disability.
Is this you? If so, let us know by submitting an application!
Compensation:
$106,000- $145,000 plus bonus potential
(candidates with significant related experience may be higher, in addition compensation may vary based on location of candidate)
Description:
Are you a seasoned, strategic credit manager who understands how to control credit risk while helping a strong financial institution grow? Do you possess the knowledge and experience to help strategically manage commercial real estate and business lending through good times and bad? As the Credit Risk Officer at Royal Credit Union, you will assist the VP of Credit Risk Management in overseeing business lending activities for CRE, C&I and small business lending. Your expertise will help develop, maintain, and enforce lending standards and underwriting practices. In this role, you will also be a resource for business lending leaders guiding lending activities. You will help manage approval processes and report on key risks and trends in our portfolio. This is an opportunity to join a strong team and help lead it into a prosperous future.
Key Responsibilities:
- Strategic Leadership: Provide strategic leadership, direction, and oversight managing credit risk in alignment with credit union objectives, risk tolerances, and regulatory standards.
- Credit Approvals: Exercise authority for approval of business loans and serve as a member of credit committees.
- Policy Development: Assist in developing, maintaining, and implementing the credit union’s Member Business Loan Policy and underwriting standards.
- Credit Administration: Help facilitate strong credit administration, financial analysis, workouts, collections, and regulatory compliance.
- Risk Management: Ensure credit risk ratings systems appropriately measure risk and are assigned on a timely basis.
- Portfolio Analysis: Oversee portfolio analysis and monitoring, including concentration trends and other risk measurements.
- Process Improvement: Help research and implement leading practices and third-party solutions to enhance capabilities and improve operational efficiencies.
- Training and Mentoring: Provide training, counseling, and mentoring to the Business Lending team.
- Regulatory Compliance: Assist with regulatory examinations, loan reviews, audits, and consulting engagements.
This is a full-time, exempt level position. Hours will generally be Monday through Friday, 8:00am – 5:00pm with occasional evening and weekend hours, as needed. The position can be located in either Wisconsin or Minnesota as long as they live within our branch footprint. https://www.rcu.org/locations
Team Member Benefits
Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers a 5% 401k employer match, paid family and sick leave, vacation and sick time accruals, childcare reimbursement, tuition and student loan debt assistance, pet insurance, and much more!
Required Education/Experience/Skills:
- Bachelor’s degree in Economics, Finance, Business Administration, or equivalent experience.
- Proven leadership skills and strong analytical and problem-solving abilities.
- Strong knowledge of commercial lending, credit risk, and implications of economic and industry dynamics on credit risk.
- Seven (7) years of experience in commercial lending, credit risk management, or a related field.
- Demonstrated leadership experience.
Prior to starting a normal work schedule, new Royal team members must attend Foundation Training. Training is held at our Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out of town learners will be reimbursed costs related to travel and lodging. Foundation Training covers fundamental information about Royal’s culture and core values which sets the stage for team members to be successful within our organization.
Why Join Us?
- Innovative Environment: Be part of a team that encourages diverse thinking and continuous improvement.
- Professional Growth: Opportunities for training, development, and career advancement.
- Community Impact: Represent Royal Credit Union in the community and make a difference.
We will be communicating with you by email and/or text on the status of your application. Please monitor your email inbox and junk folder for status updates and additional instructions.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status or status as an individual with disability.
