SVP, Chief Credit Officer

Join a growing, nationally recognized financial institution and make a difference in the communities where you live and work!

About the role

Ballston Spa National Bank (BSNB) is seeking a transformational leader who will shape the future of credit strategy and risk management as the Senior Vice President, Chief Credit Officer. This position is a key member of the management team at BSNB.

Responsibilities

• Establishing and guiding credit strategy aligned with the Bank's growth objectives and risk appetite
• Overseeing credit quality across the loan portfolio
• Providing leadership in underwriting philosophy and approval standards
• Partnering with executive leadership to balance loan growth with prudent risk management
• Leading the quarterly Criticized Loan Committee and collaborating on the Allowance for Credit Losses (ACL/CECL) assessment
• Overseeing and continuously enhancing the Bank's credit policy
• Leading the Management Loan Committee
• Ensuring adherence to regulatory expectations and internal credit policies
• Oversee the Bank's credit risk management functions, including commercial underwriting, credit analysis, commercial loan closing coordination, and management reporting, including concentration monitoring
• Provide leadership and development for Credit Administration and Collections teams
• Provide input and guidance into the Allowance for Credit Losses (ACL/CECL) analysis, partnering with the CFO to ensure accuracy, sound methodology, and alignment with portfolio performance
• Review credit approval memoranda to assess risk ratings, structure, terms, repayment sources, and overall risk/return
• Collaborate with Commercial Banking to evaluate, structure and price new loan opportunities
• Monitor loan relationships including risk ratings, performance trends, liquidity, and covenant compliance
• Review complex credit proposals for adherence to credit policy and regulatory guidelines
• Oversee the annual credit review process
• Review and present reports to Management and the Board
• Serve as a liaison with third parties to include loan review and banking regulators
• Oversee the Collections Department function to ensure performance goals are met while maintaining compliance
• Oversee the Bank's Regulation O compliance efforts, ensuring proper controls, reporting, and adherence to insider lending requirements

Decisions

• Exercise credit approval authority within limits
• Recommend larger transactions for committee or Board approval
• Evaluate loan opportunities and potential modifications for alignment with credit risk appetite and approval standards

Requirements

The ideal candidate will have a minimum of 10 years of progressive experience in commercial credit, including senior leadership responsibilities and demonstrated success in portfolio management. Exceptional analytical, decision-making, and communication skills are required. Strong knowledge of regulatory expectations, credit policy, and risk management frameworks, along with a proven ability to drive process improvement and strategic initiatives is essential.

Qualifications

• Bachelor's degree in Business, Finance or related field required

Benefits

• Medical, dental, and vision coverage
• Company-paid life insurance
• Voluntary insurance options
• 401(k) Plan with a company match
• Pension plan
• Tuition reimbursement
• Generous paid time off package including 11 paid holidays
• Professional development opportunities