Join to apply for the Chief Credit Officer role at KBW Financial Staffing & Recruiting Join to apply for the Chief Credit Officer role at KBW Financial Staffing & Recruiting Get AI-powered advice on this job and more exclusive features. Our nonprofit community development client here in Boston seeks a Chief Credit Officer to lead the firms credit function and risk management, ensuring the quality and performance of their lending portfolios. This person should have deep credit experience, the ability to identify, evaluate and proactively manage risk, .This CCO reports to the President and will work from home on Monday's and Friday's.

Responsibilities

Lead the review, underwriting and evaluation of proposed lending opportunities through triage (initial review of credit and social impact), underwriting, credit approval and closing. Identify and evaluate risks related to particular loans and risks affecting the pipeline and portfolio as a whole. Work with the leadership team to develop mitigation strategies on a project and a portfolio-wide basis. Review proposed exceptions to credit policies and recommend conditions to approval, including assessment of related risk and mitigants, and developing additional strategies for achieving mission objectives while proactively mitigating credit risk where feasible Develop underwriting and closing policies, tools and practices to be used by lending and portfolio management teams to evaluate transactions, stress test projections, document loans and ensure compliance with Loan Fund policies and procedures. Play a leadership role in developing, updating and overseeing implementation of credit policies and procedures that align with the strategies and objectives for the firms portfolios Develop as needed and maintain credit policies and underwriting processes and guidance to ensure compliance with applicable internal and external standards and alignment with the mission and investment strategy. Oversee the implementation of credit policies, underwriting, structuring, and documentation. Work with the SVP Portfolio Management to effectively monitor and proactively manage risk in the portfolio. Develop, modify and oversee the operation of systems to identify, assess, and manage credit risk across the loan portfolio, taking into account market and policy changes and ensuring alignment of credit quality and leadership expectations. Ensure effective monitoring of risk exposure by asset class, loan size, collateral type, sponsor exposure, geographic market, political exposure and particular loan types and terms. Ensure that loan risk ratings accurately reflect loan risk profile and propose or review proposed modifications to risk ratings and loan loss reserves. Develop and implement strategies to mitigate portfolio risk while supporting mission and borrower success to the extent feasible, at the loan and at the portfolio level. Provide credit-related support for the development of new products and strategies as we sustain and expand our lending and our sources of capital. Lead effective reporting for and presentation to rating agencies, investors, the Board, grantors, regulators and other stakeholders regarding the foregoing.

Qualifications

Bachelor’s degree in finance, business, or a related field; relevant advanced degree preferred. Minimum of 10 years of experience in credit risk management, preferably at least 3 years within a (CDFI) or similar lending or investment organization that provides a strong background in relevant subsidy, tax credit and financing programs. Deep understanding of real estate investment and/or development, preferably in the relevant sectors of affordable housing, community facilities, educational and health care facilities and/or economic development. Demonstrated ability to effectively develop and implement credit policies and risk mitigation strategies

Salary- $200K-$225K + Bonus

KBW789 *MONKBW*

Seniority level Seniority level Executive Employment type Employment type Full-time Job function Job function Finance and Sales Industries Staffing and Recruiting Referrals increase your chances of interviewing at KBW Financial Staffing & Recruiting by 2x Sign in to set job alerts for “Chief Credit Officer” roles. Burlington, MA $200,000.00-$240,000.00 1 day ago Boston, MA $123,000.00-$162,000.00 6 days ago Senior Director of Finance - Global Operations Boston, MA $108,000.00-$135,100.00 3 weeks ago Senior Director, Finance & Accounting (US/EU/IL) Bedford, MA $150,000.00-$190,000.00 2 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

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