Chief Credit Officer

Verimore Bank is a customer-focused community bank committed to delivering exceptional service and innovative banking solutions. We support our customers, employees, and communities with integrity, teamwork, and excellence.

Position Overview:

The Chief Credit Officer (CCO) is an on-site executive leadership position based in Liberty, Missouri. The CCO provides strategic oversight of the Bank's credit risk framework, lending administration, and portfolio quality) is responsible for the strategic leadership and oversight of the Bank's credit risk management and administration functions. This role promotes portfolio quality, sound lending practices, and effective risk management while supporting Verimore Bank's growth objectives. The CCO serves as a key advisor to executive leadership, the Board of Directors, and lending teams on credit-related matters and emerging risks.

Essential Duties & Responsibilities

• Oversee the bank’s loan risk management process to monitor quality control and minimize losses.
• Coordinate the development and ongoing maintenance of the Loan Policy and Loan Procedures to ensure adherence to sound underwriting, best practices, laws, and regulations.
• Stays current on banking regulatory changes, monitors industry’s best practices and economic trends, provide updates to other members of the team, and ensures that current practices and policies are compliant and appropriate to changing conditions.
• Inform the President, Board of Directors, and Loan Committee of any material considerations affecting the loan portfolio or policy.
• Preparation of impairment analysis and the credit loss accounting standards model.
• Oversee stress testing and concentration of credit analysis.
• Management of past due loans, OREO, and all workout or collateral liquidation situations in order to minimize loss potential.
• Use strong management practices to hire, coach and develop the lending focused team, ensuring that the team remains appropriately staffed.
• Ensure loans are properly documented for covenant compliance as well as safety and soundness (via Loan Operations Department).
• Promote the development of effective loan packets and review of loans prior to Regional and Executive Loan Committee meetings. Assist loan personnel with loan pricing, underwriting, and structuring.
• Serves as a member of ALCO to ensure proper loan pricing and funding plans are implemented to accomplish goals with an acceptable degree of risk.
• Perform other duties as assigned.

Required Qualifications

• Bachelor’s degree in Business Administration, Accounting Finance, or related field required.
• Minimum 10 years of progressive commercial banking and credit administration experience, including senior leadership responsibilities.
• Must be bondable

Knowledge, Skills & Abilities

• Significant experience in credit administration, lending, credit risk management, portfolio management, or related banking functions.
• Extensive knowledge of commercial, agricultural, consumer, and real estate lending.
• Strong understanding of credit risk management, CECL/ACL methodology, loan review, regulatory compliance, and banking regulations.
• Demonstrated experience managing problem loans, workouts, collections, and OREO.
• Proven leadership, team development, and strategic decision-making abilities.
• Excellent analytical, communication, presentation, and relationship management skills.
• Ability to maintain confidentiality of sensitive information.

Equal Opportunity & Accommodation

If you need accommodation for any part of the employment process due to a disability, please send an e-mail to careers@verimore.bank.

Working Conditions / Physical Requirements

This role is primarily office-based. The employee must be able to sit or stand for extended periods, use a computer and standard office equipment, and occasionally lift up to 25 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the role.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Work Location: In person