Chief Credit Officer

We at First Midwest Bank are looking for an experienced and knowledgeable Chief Credit Officer (CCO) who is passionate about financial services and is eager to take on a challenging role. The successful candidate must possess a deep understanding of credit management, loan origination, and portfolio management, as well as excellent communication and problem-solving skills. As the CCO, you will be responsible for developing, monitoring, and enforcing credit policy and lending standards, as well as managing a team that will ensure credit quality and compliance. We are looking for a leader who can create a team environment and build relationships with customers, vendors, and other industry partners.The ideal candidate will have a bachelor’s degree in finance, economics, accounting, or a related field, as well as a minimum of five years' experience in a similar capacity. Previous experience in commercial banking is highly desirable, as is a proven track record in successfully managing credit portfolios. A CPA or MBA is also preferred. In addition to the technical qualifications, the successful candidate must also possess strong leadership, organizational, and decision-making skills.

Responsibilities:

1. Develop, monitor, and enforce credit policy and lending standards.
2. Manage a team to ensure credit quality and compliance.
3. Create a team environment and build relationships with customers, vendors, and other industry partners.
4. Analyze credit portfolios to ensure proper risk management.
5. Develop strategies to improve credit management and loan origination.
6. Monitor lending activity to ensure compliance with regulatory requirements.
7. Provide guidance and advice on credit-related matters.
8. Prepare and present reports to senior management.
9. Remain up-to-date on industry trends and regulations.
10. Develop and implement effective risk-management strategies.

According to JobzMall, the average salary range for a Chief Credit Officer in Chicago, IL, USA is $141,110 - $184,955 per year. This range is based on the salaries of Chief Credit Officers in the Chicago area.

First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago. In 2022 Old National Bank completed its acquisition of First Midwest Bank.