Chief Credit Officer

About Us:

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations. We believe in being a partner for enterprising companies, acting as a funding catalyst for mid-market innovation and growth. Piermont's financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, responsive and practical, delivering integrated and flexible solutions that create value for clients in today's fast-changing economy. For more information, visit www.piermontbank.com.

The Role:

Reporting to the Chief Executive Officer, the Chief Credit Officer provides leadership in formulating lending and credit policies, leads credit decision-making, and provides oversight of the Bank's loan portfolio. This role also provides strategic guidance to both the Chief Executive Officer and Risk Officer on issues related to credit risk.

Responsibilities:

• Responsible for the overall credit quality and profitability of the loan portfolio.
• Leads credit approval that exercises authority for approval of loans up to the Bank's house lending limit. Ensures requests requiring higher authority have been properly/adequately prepared and analyzed before presenting to the risk committee.
• Oversees the development and monitoring of lending policies and practices. Ensures that lending activities are in compliance with regulatory requirements.
• Supervise the collection of non-performing and charged-off loans and manage OREO properties to disposition.
• Articulates the Bank's credit policies and practices and provides the interpretation of the same in relation to current economic conditions, the political climate, the Bank's liquidity position, and its current business strategy.
• Prepares monthly and quarterly lending activity and portfolio condition reports for Board of Directors, committees and regulatory agencies.
• Participate in the coordination of the marketing of the Bank, especially loan, origination.
• Implement training programs on credit administration and the underwriting process.
• Support the CEO in the development, analysis and interpretation of credit information for strategic planning. Also, ensure action plans in place to mitigate any risk of not achieving business/strategic plans.
• Work with senior executives to ensure corporate credit standards are followed in each business unit.
• Provide strong oversight for regulatory and compliance matters relating to Credit.

Qualifications:

• Minimum of a Bachelor's degree in finance, accounting, related field and at least 15+ years of increasingly diverse or complex applications in credit administration at a commercial bank.
• Proven track record serving in senior credit supervision positions.
• MBA and/or significant experience in a consumer and commercial credit environment are strongly preferred.
• Proven track record in effective recruitment and management of underwriters and portfolio managers.
• Understanding of local (NY/tri-state) region in regards to CRE and C&I industry verticals.
• Deep understanding of credit and regulatory reporting.
• Ability to form effective relationships and achieve influence at the most senior level in the organization and with external regulators.
• Strong communication and interpersonal skills, including the capacity to articulate the case for sound credit practices in the language of business.
• Established financial and credit acumen.
• Understand and interpret complex business and regulatory requirements.
• Ability to make robust/tough decisions. Working across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of risk and regulations at both a strategic level and at the business unit level.
• Proven ability to prioritize competing demands.
• Demonstrated ability to assess credit and risk trends, both internally and externally;
• Experience in presenting and working with the Board of Directors.

The hiring range for this position is $250,000 to $275,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.