Deputy Chief Credit Officer

Hamlyn Williams; New York (NY); Hybrid; USD 275,000 - 300,000; Full time

Benefits offered by this job

Annual Bonus

Stock options

Flexible work arrangement

Job summary

A financial services firm is seeking a Deputy Chief Credit Officer in New York, NY. This role involves overseeing commercial credit risk, ensuring sound credit practices, and leading teams in cultivating a high-quality credit portfolio. The ideal candidate will have over 15 years of experience in commercial lending and a strategic mindset to drive innovation. This position offers a flexible work arrangement, allowing for one remote day per week.

Qualifications

• Deep expertise in structuring complex credit deals.
• Proven track record in credit-intensive roles.
• Strong understanding of covenant design.

Responsibilities

• Collaborate with lending teams to manage credit risk.
• Lead underwriting teams in risk assessments.
• Monitor credit exposure and portfolio health.

Skills

Commercial lending experience

Credit risk management

Leadership skills

Communication abilities

Analytical skills

Education

15+ years of experience in credit risk

Job description

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This range is provided by Hamlyn Williams. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$275,000.00/yr - $300,000.00/yr

Additional compensation types

Annual Bonus and Stock options

Direct message the job poster from Hamlyn Williams

Position Summary

The Deputy Chief Credit Officer (DCCO) plays a key leadership role in overseeing commercial credit risk across the organization. Reporting to the Chief Credit Officer, this individual ensures sound credit practices, supports strategic business growth within acceptable risk limits, and maintains a high-quality credit portfolio. The role involves oversight of credit teams, shaping risk policies, and ensuring regulatory compliance. A flexible work arrangement allows for one remote day per week.

Key Responsibilities

• Collaborate with lending teams to maintain a balance between responsible growth and credit risk tolerance, particularly in commercial real estate and business lending.
• Lead credit underwriting teams in producing in-depth risk assessments and accurate credit documentation aligned with internal standards.
• Participate in credit committees and strategic discussions to ensure risk-aligned lending decisions.
• Monitor credit exposure, portfolio health, and risk concentrations, while identifying early warning signals.
• Oversee internal credit reviews and ensure accurate risk ratings are applied consistently.
• Contribute to stress testing and risk reporting efforts across various segments.
• Mentor credit and lending staff, promoting consistency with internal risk policies and regulatory expectations.
• Support talent evaluation and performance management within the credit division.
• Lead strategic credit-related projects and cross-functional initiatives.
• Interface with regulators and auditors on matters related to credit risk oversight.
• Define and track performance metrics tied to customer outcomes and credit effectiveness.
• Support the adoption of technology and data-driven tools to modernize credit operations.
• Engage senior leadership to champion strategic credit initiatives.
• Stay informed on industry trends and apply emerging practices to drive innovation and continuous improvement.

Qualifications

• 15+ years of experience in commercial lending or credit risk, preferably including healthcare or specialized asset classes.
• Deep expertise in structuring complex credit deals and managing significant loan exposures.
• Proven track record in credit-intensive roles within regulated environments.
• Strong understanding of covenant design, loan documentation, and risk-based decision-making.
• Effective leadership and mentoring skills, with experience managing multiple credit teams.
• Strategic mindset, with the ability to introduce innovation and drive operational efficiency.
• Exceptional communication, analytical, and interpersonal abilities.
• Familiarity with credit models, risk frameworks, and regulatory requirements.
• Comfortable making high-impact decisions under pressure and with limited guidance.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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