Thrivent Bank Chief Credit Officer

Join Thrivent Bank at our Utah Corporate Center as Chief Credit Officer and lead the charge in safeguarding our lending portfolio while driving financial excellence. Thrivent, a trusted financial services leader, is seeking a strategic credit risk expert to shape the future of our banking operations.

Why Join Thrivent?

Be Part of a Mission-Driven Organization

Thrivent is more than a financial institution; we're a not-for-profit organization dedicated to helping people achieve financial clarity and live generous lives. As Chief Credit Officer at Thrivent Bank, you'll contribute to a portfolio that supports communities across the Utah region and beyond. Our Utah Corporate Center offers a collaborative environment with stunning mountain views, fostering innovation and work-life balance.

Career Growth and Impact

At Thrivent, your expertise in credit risk management will directly influence executive decisions and asset-liability strategies. Enjoy mentorship from top leaders, professional development programs, and opportunities to advance in a growing financial powerhouse. With our commitment to employee success, you'll thrive in a culture that values integrity, innovation, and community impact.

Role Description

The Chief Credit Officer (CCO) at Thrivent Bank is a pivotal leadership role responsible for providing strategic support, direction, credit insights, and robust loan policies to maintain the highest quality of our lending portfolio. Reporting directly to the Chief Risk Officer, you will collaborate with the CFO to calculate the Allowance for Credit Losses (ACL), recommend allocations to executive management and the Asset and Liability Committee, and review complex loans before Credit Risk Sub Committee submission. This position oversees department staff, ensures compliance with all state and federal banking regulations, and drives superior customer service across operations.

Detailed Responsibilities

• Supervise multiple employees, carrying out responsibilities in line with Thrivent Bank's policies and applicable laws, including hiring, training, performance evaluations, and fostering a high-performance team culture.
• Champion superior customer service by leading by example, conducting periodic meetings and presentations, and ensuring follow-through with customers and staff.
• Partner with the CFO to maintain the monthly Allowance for Credit Losses (ACL), analyzing local, regional, and national economic conditions, loan losses, trends, and product concentrations to recommend reserve adjustments to executive management and the Asset and Liability Committee.
• Review large and complex loans prior to Credit Risk Sub Committee submission, providing recommendations on structure, terms, and pricing to mitigate undue credit risk exposure.
• Prepare and distribute comprehensive credit information on loan quality trends, growth patterns, and product concentrations; collaborate with Bank personnel on local real estate data and its impact on the loan portfolio.
• Support the Bank's strategic lending initiatives by developing and enforcing credit policies, procedures, and risk management frameworks.
• Monitor portfolio performance, identify emerging risks, and implement proactive mitigation strategies to ensure portfolio health and regulatory compliance.
• Liaise with regulatory bodies, auditors, and internal stakeholders to uphold adherence to all banking laws and best practices.
• Lead credit risk modeling, stress testing, and scenario analysis to inform decision-making and portfolio optimization.

Required Skills

To excel as Thrivent Bank's Chief Credit Officer, you need a blend of technical prowess and leadership acumen. Key skills include:

• Expertise in credit risk assessment and loan portfolio management
• Proficiency in Allowance for Credit Losses (ACL) calculation under CECL standards
• Strong analytical skills for economic trend analysis and forecasting
• Experience reviewing complex commercial loans and structuring recommendations
• Regulatory compliance knowledge (federal and state banking laws)
• Leadership and team supervision capabilities
• Advanced financial modeling and stress testing
• Excellent communication for executive reporting and committee presentations
• Customer service orientation with stakeholder management
• Strategic risk management and policy development

Education & Experience

• Bachelor's degree in Finance, Accounting, Business Administration, or related field; Master's degree or MBA preferred.
• 10+ years of progressive experience in credit risk, commercial lending, or banking, with at least 5 years in a senior leadership role such as Chief Credit Officer or equivalent.
• Proven track record managing Allowance for Credit Losses and presenting to ALCO committees.
• Deep knowledge of Utah real estate markets and regional economic dynamics.
• Certifications like CPA, CFA, or CRCM are highly desirable.

Compensation Overview

Competitive base salary reflecting market rates for senior banking executives in Utah, plus performance-based incentives, bonus potential, and equity opportunities.

Benefits

• Comprehensive health, dental, and vision insurance with low premiums.
• Generous 401(k) matching and retirement plans.
• Paid time off, including vacation, sick leave, and parental leave.
• Professional development stipend and tuition reimbursement.
• Wellness programs, onsite fitness, and employee assistance resources.
• Flexible hybrid work options at our modern Utah Corporate Center.
• Community volunteer time and matching gift programs aligned with Thrivent's mission.

Thrivent Bank is an equal opportunity employer. Apply today to elevate your career in credit leadership!