Job Description

Join a growing, nationally recognized financial institution and make a difference in the communities where you live and work! Ballston Spa National Bank (BSNB) is seeking a transformational leader who will shape the future of credit strategy and risk management as the Senior Vice President, Chief Credit Officer This position is a key member of the management team at BSNB.

A DAY IN THE LIFE OF THE CHIEF CREDIT OFFICER

As Chief Credit Officer, you will lead the Bank's credit function, ensuring a disciplined and forward-looking approach to portfolio quality, underwriting standards, and risk governance. Key responsibilities include:

• Establishing and guiding credit strategy aligned with the Bank's growth objectives and risk appetite

• Overseeing credit quality across the loan portfolio
• Providing leadership in underwriting philosophy and approval standards
• Partnering with executive leadership to balance loan growth with prudent risk management
• Leading the quarterly Criticized Loan Committee and collaborating on the Allowance for Credit Losses (ACL/CECL) assessment
• Overseeing and continuously enhancing the Bank's credit policy
• Leading the Management Loan Committee
• Ensuring adherence to regulatory expectations and internal credit policies

Essential Functions

• Oversee the Bank's credit risk management functions, including commercial underwriting, credit analysis, commercial loan closing coordination, and management reporting, including concentration monitoring
• Provide leadership and development for Credit Administration and Collections teams
• Provide input and guidance into the Allowance for Credit Losses (ACL/CECL) analysis, partnering with the CFO to ensure accuracy, sound methodology, and alignment with portfolio performance
• Review credit approval memoranda to assess risk ratings, structure, terms, repayment sources, and overall risk/return
• Collaborate with Commercial Banking to evaluate, structure and price new loan opportunities
• Monitor loan relationships including risk ratings, performance trends, liquidity, and covenant compliance
• Review complex credit proposals for adherence to credit policy and regulatory guidelines
• Oversee the annual credit review process
• Review and present reports to Management and the Board
• Serve as a liaison with third parties to include loan review and banking regulators
• Oversee the Collections Department function to ensure performance goals are met while maintaining compliance
• Oversee the Bank's Regulation O compliance efforts, ensuring proper controls, reporting, and adherence to insider lending requirements

Decisions

• Exercise credit approval authority within limits
• Recommend larger transactions for committee or Board approval
• Evaluate loan opportunities and potential modifications for alignment with credit risk appetite and approval standards

QUALIFICATIONS

The ideal candidate will have a minimum of 10 years of progressive experience in commercial credit, including senior leadership responsibilities and demonstrated success in portfolio management. Exceptional analytical, decision-making, and communication skills are required. Strong knowledge of regulatory expectations, credit policy, and risk management frameworks, along with a proven ability to drive process improvement and strategic initiatives is essential. Bachelor's degree in Business, Finance or related field required.

OUR INVESTMENT IN YOU

BSNB offers a generous compensation and benefits package. This includes medical, dental, vision, company-paid life insurance, voluntary insurance options, both a 401(k0 Plan with a company match and a pension plan, and tuition reimbursement.

We invest in you with a generous paid time off package including 11 paid holidays. We believe providing a work-life balance is key to your success and investing in your professional development is key to your growth and satisfaction.

BSNB provides all employees and applicants an equal employment opportunity in the manner required by law in all aspects of employment regardless of race, color, religion, creed, national origin, age, sex, sexual orientation, gender identity or expression, marital status, military status, disability, predisposing genetic characteristics, domestic violence victim status or any other status protected by local, state, or federal law. BSNB is a VEVRAA employer and has a desire for priority referrals of protected veterans. We thank all applicants for their interest and will contact those candidates who are under consideration.