Avg. Base Salary (USD)
The average salary for a Chief Credit Officer is $104,762
What Do Chief Credit Officers Do?
A chief credit officer is a senior company executive whose job is to develop and manage a company's overall credit strategy. Those in this position develop credit risk strategies and oversee loan portfolios with the objective of maintaining high-quality borrowing strategies, and implementing risk-mitigation strategies, for the company.
Chief credit officers report directly to their company's chief executive officer (CEO) and board of directors. They supervise all credit-related branches of …Read more
- Utilize an established network of contacts to initiate, lead, and negotiate business transactions for long and short-term credit loans.
- Provide recommendations for policy revisions and advise lending management on potential risk.
- Ensure compliance with regulations, credit delivery systems, and reporting credit related activities.
- Direct the credit division and oversee loan portfolios with an eye for risk management.