
This job description outlines responsibilities and qualifications for a chief credit officer.
The responsibilities include leading the quality and profitability of the loan portfolio; establishing and developing credit, collection and fraud policies and objectives to manage risk within the company's acceptable risk ranges for commercial, consumer and credit card lending; developing risk management and scorecard analytics; ensuring compliance with state and federal regulatory guidelines; acting as principal spokesperson for the lending function; managing the loan approval process; supervising the collection of delinquent, non-performing and charged-off loans; and working closely with the legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses.