Job Summary: WEX, a global leader in corporate payment solutions, is seeking a seasoned Chief Credit Officer to lead the credit risk management strategy for WEX Bank. As a key member of the Bank leadership team, you will be responsible for developing and implementing a comprehensive credit risk framework that supports the continued growth and profitability of the Bank.
Responsibilities:
- Develop and implement a strategic credit risk management framework that aligns with WEX's overall business objectives.
- Oversee all aspects of the credit lifecycle, including underwriting, portfolio management, credit adjudication, and portfolio monitoring and management.
- Lead the credit team in establishing and maintaining strong credit policies and procedures.
- Develop, train, and mentor staff.
- Proven ability to apply regulatory credit risk assessment methodologies.
- Extensive experience in implementing and interpreting regulatory credit standards.
- Develop and maintain credit reporting to identify early warning signs within the various credit portfolios, while also establishing guardrails, escalation process, and mitigation strategies.
- Work closely with WEX Inc. to develop and maintain risk measures and monitoring of the various credit portfolios.
- Collaborate with various groups at the Bank and WEX Inc. to create, develop, maintain, and monitor credit models and methodology.
- Lead the credit team in developing and implementing credit risk mitigation strategies.
- Oversee the Bank credit risk budgeting and resource allocation process.
- Stay abreast of industry trends and regulatory changes that may impact credit risk.
- Assure compliance with all Bank credit policies and procedures, as well as all applicable state and federal banking regulations.
- Member of the following Bank committees: Credit; Loan; Compliance and ALCO committees.
Qualifications:
- Previous experience as a chief credit officer at a financial institution is preferred.
- Minimum 15 years of experience in commercial banking or financial services, with a proven track record of success in credit risk management.
- Strong understanding and experience with commercial credit underwriting, portfolio management, and credit models.
- Experience in developing and implementing credit risk management frameworks.
- Excellent analytical and problem-solving skills.
- Strong leadership and communication skills.
- Deep understanding of the regulatory environment for financial institutions.
- A bachelor's degree in Finance, Economics, or a related field is required; an MBA is preferred.
About WEX: WEX is a publicly traded global leader in financial technology solutions that simplify the business of running a business. We provide a comprehensive suite of corporate payment solutions that help businesses of all sizes reduce costs, improve efficiency, and gain greater control over their spending. For more information about WEX, please visit our website at https://www.wexinc.com/.
Please note: WEX Bank is a division of WEX Inc.
Base Salary Range: $200K - $300K
#J-18808-Ljbffr
