New

VP, Head of Credit Strategy, Governance, and Loss Forecasting

First National Bank of Omaha
vision insurance, tuition assistance, 401(k)
United States, Nebraska, Omaha
Feb 05, 2025
At FNBO, our employees are the heart of our story-and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success. Our Modern, Flexible Workplace: We believe in a Modern, Flexible Workplace, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you! It is anticipated that an incumbent in this role will work remotely for three (3) or more days a week and will share a hoteling workspace when working onsite. Work location is subject to change based on business needs. Summary of the Job: The Head of Credit Strategy, Governance, and Loss Forecasting is a critical leadership role responsible for advancing the bank's credit risk management practices along the three lines of defense, commensurate with company growth goals, and for providing and communicating strategic perspective on loss forecasting and reserves for credit losses for all the bank's asset types. This position oversees moving FNBO's credit risk strategy and governance on the maturity curve, as the bank approaches a heightened level of regulatory expectations; and articulates, based on thorough understanding of complex modeling outcomes, loss forecasting and stress testing outcomes and implications for business planning. Reporting directly to the Chief Credit Officer of the bank, this key leader is expected to facilitate the Credit Risk Committee of the organization and to chair the Reserve for Bad Debt Committee. Success in this role is measured by advancing the credit risk organization at FNBO to meet heightened regulatory standards in the next three years, by improving transparency and predictability of the CECL loss forecasting process, and by driving an ever-evolving set of credit policies and strategy that help the bank achieve the right balance of growth and risk. About This Role: Key Responsibilities: Credit Risk Strategy and Governance: Evolve and implement the decision governance and documentation framework for credit risk management across the enterprise. Lead the design of the FNBO organizational framework for effective challenge in credit risk management, and the separation of credit risk responsibilities across lines of defense, considering heightened regulatory standards for a growing financial institution. Lead strategic cross-functional decision forums revising credit key risk indicators, concentration limits, enterprise credit policy, exceptions. Oversee implementation and documentation of business controls in the Credit Risk organization, monitoring, issue identification and resolution, according to enterprise risk management programs. Loss Forecasting and Reserve for Loan Losses Strategy: Chair the Reserve for Bad Debt Committee at the bank, partnering with Finance to manage the bank's reserves for loan losses Oversee the design, implementation, and continuous improvement of credit risk models used to predict credit losses, including stress testing models and economic scenario analysis. Implement allowance reporting designed to inform executive audience of attributions, expected trends, correlations, anticipating reserve adjustments and reducing volatility. Executive Reporting and Communication: Coordinate executive reporting on credit risk trends, exposure, and performance. Facilitate Credit Policy decision forums at the enterprise level and report critical decisions and metrics to the Board. Provide executive leadership with credit risk benchmarking, industry performance and forecast, and thought leadership to support strategic decision-making. Safety and Soundness Regulatory Oversight: Serve as the accountable executive for regulatory relationships regarding safety and soundness requirements. Ensure credit policies and practices comply with existing and new applicable laws, regulations, and internal standards. The Ideal Candidate for This Role: Qualifications: Bachelor's degree in Economics, Business, Finance, or a related field; advanced degree preferred. Extensive experience (10+ years) in credit risk management, with at least a couple of years in a credit risk governance function, implementing a second line credit risk oversight framework at a large (over $50B in assets) national bank offering unsecured consumer and commercial credit products. Strong analytical background, capable to oversee and articulate at an executive level concentration management, loss forecasting, and KRI/KPI concepts. Excellent communication and presentation skills, with the ability to convey complex information to executive stakeholders. Competencies: Strategic Thinking: Ability to align credit risk management practices with the bank's growth and profitability objectives. Leadership: Proven ability to lead, develop, and influence teams across the organization. Analytical Skills: Proficient in leveraging data and predictive analytics to inform decisions and forecast outcomes. Regulatory Acumen: In-depth knowledge of safety, soundness, and compliance requirements. Collaboration: Strong interpersonal skills to build effective relationships with stakeholders across various functions. Compensation and Benefits Overview: We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs: Medical, Dental, Vision Insurance 401k, With Matching Contributions Time Off Programs Health Savings Account (HSA)/Dependent Care Employee Banking Growth Opportunities Tuition Assistance Short-Term/Long-Term Disability Insurance Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/. To obtain compensation and benefit information related to this specific role, e-mail FNBO at TAGAdmin@fnni.com. To ensure you receive a response, include the number of this job (listed below) in the subject line of your message. Job number: R-20250109 Equity, Diversity, & Inclusion: FNBO is committed to belonging, inclusion, diversity and equity. We are committed to intentionally and proactively creating pathways to success for historically underrepresented populations. To accomplish this, we foster a culture of belonging and inclusion so that every employee is valued, and has opportunity and the ability to make an impact. FNBO strives to reflect the diversity of the communities we serve in the makeup of our workforce. See the full FNBO Equity, Diversity, & Inclusion Statement here All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. Click here to download 'EEO is The Law' Self-Print Poster Click here to download 'EEO is The Law' Supplement for Federal Contractors Click here to download 'EEO is The Law' GINA Supplement FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants) Application Deadline: All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.