Deputy Chief Credit Officer

Metropolitan Commercial Bank; New York (NY); On-site; USD 275,000 - 300,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Job summary

Metropolitan Commercial Bank is seeking a Deputy Chief Credit Officer to manage the credit risk strategy and oversee the credit function. This role involves collaboration across business units, mentoring staff, and ensuring regulatory compliance. A successful candidate will have extensive experience in credit risk management and a strong leadership presence.

Qualifications

• 15+ years of CRE and/or C&I industry experience (Healthcare/SNF preferred)
• Strong understanding of credit and covenant structures
• Ability to handle pressure and make independent, risk-based decisions

Responsibilities

• Support the Chief Credit Officer in managing the bank’s commercial credit risk strategy
• Collaborate with business units to balance growth and credit risk appetite in lending activities
• Oversee credit underwriting teams and ensure effective credit memorandums are prepared
• Monitor credit exposures and analyze trends to mitigate potential credit risks
• Lead and participate in credit committees and lending strategy discussions

Skills

Credit Risk Management

Leadership

Analytical Skills

Communication

Negotiation

Job description

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Come Work With Us

Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Come Work With Us

Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

Position Summary

The Credit Director Deputy Chief Credit Officer (DCCO) supports the Chief Credit Officer (CCO) in managing the bank’s commercial credit risk strategy, overseeing the credit risk function, ensuring prudent credit decision-making aligned to credit risk appetite and strategic business goals, maintaining a high-quality commercial credit portfolio and minimizing credit losses, developing and embedding sound credit policies and practices, and ensuring compliance with all regulatory requirements.

We have a flexible work schedule where employees can work from home one day a week.

Essential Duties And Responsibilities

• Collaborate with business units to balance disciplined growth and credit risk appetite in lending activities, developing, implementing and monitoring credit policies, risk appetite frameworks, and lending guidelines for CRE and C&I.
• Oversee credit underwriting teams, ensure effective challenge, preparation of robust credit memorandums incorporating detailed risk analysis and accurate risk ratings aligned with credit risk strategy, policies and procedures.
• Lead/participate in credit committees and lending strategy discussions and ensure credit decisions are aligned with regulatory and internal policy requirements.
• Monitor credit exposures, portfolio quality and concentration risks, and analyze trends and early warning indicators to mitigate potential credit risks.
• Oversee the credit review process, ensuring timely and robust credit analysis and accurate risk ratings maintained in line with established credit policies and procedures.
• Contribute to portfolio and segment stress testing and robust risk reporting
• Mentor and develop less experienced colleagues across credit, portfolio management and lending functions to help ensure alignment with credit risk appetite and regulatory and internal policy requirements.
• Support in talent assessment and performance reviews with the credit function
• Lead cross-functional credit related projects as delegated by the CCO
• Liaise with regulators and auditors on credit-related matters, ensuring ongoing compliance with regulatory frameworks
• Establish and track key performance indicators (KPIs) to measure customer experience success, reporting regularly to executive leadership and stakeholders
• Drive implementation of technology transformation and efficiency maximization across the credit function, aligning with technology and AI strategies.
• Lead executive-level discussions to promote and secure support for strategic initiatives
• Stay up to date with industry’s best practices and emerging trends and applying this knowledge to inform strategic decisions and drive innovation
  
  

Required Knowledge, Skills And Experience

• 15+ years of CRE and/or C&I industry experience (Healthcare/SNF preferred) and operated in a senior credit role.
• Candidate should be a seasoned, credit trained banker who has thrived in a credit intensive environment.
• Exhibit skills and experience at a highly advanced level of developing loan structuring options and managing large credit exposures and complex credit situations.
• Strong understanding of credit and covenant structures and documenting loans.
• Demonstrated desire to succeed and drive disciplined business growth in line with risk appetite.
• Maintain the effective license to operate by sustaining a high level of trust and confidence by senior management.
• Strong leadership and management skills with reputation as a team player and with a hands-on approach.
• Experience leading multiple teams with a willingness to invest in the coaching and development of team members
• Excellent analytical, communication and interpersonal skills
• Exhibits comprehensive written and verbal communication skills.
• Ability to think strategically and drive innovation and efficiencies
• Deep understanding of regulatory credit frameworks and risk models
• Ability to handle pressure and make independent, risk-based decisions.
• Foster a culture of sound credit judgement, risk awareness, and compliance.
  
  

Preferred Knowledge, Skills And Experience

• Strong organizational and workforce management skills.
• Ability to understand concepts and new ideas quickly.
• Ability to handle sensitive issues with confidence and professionalism.
• Ability to work with minimal direction and deal with time pressures and changing priorities.
• Excellent strategic leadership skills with the ability to influence and think outside the box.
• Excellent negotiation and communication skills.
• Ability to handle multiple tasks simultaneously in a fast-paced environment.
• Detail-oriented with a focus on accuracy and efficiency.
  
  

Potential Salary: $275,000 - $300,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Analyst, and Research

• Industries

  Banking

Referrals increase your chances of interviewing at Metropolitan Commercial Bank by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

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