Senior Vice President, Chief Commercial Lending Officer

Job Description

Job DescriptionDescription:

Why Torrington Savings Bank?

Looking to grow your career at a place where community, innovation, and opportunity come together? Torrington Savings Bank offers more than just a job—we offer a supportive environment where your skills and ideas can thrive. As a trusted financial institution with over 150 years of history, we’re committed to serving our local communities while helping our employees reach their professional goals. Whether you're just starting out or looking to take the next step in your career, you'll find a collaborative culture, opportunities for advancement, and a workplace that values work-life balance. Join a team that takes pride in building relationships and delivering personalized banking experiences every day.

Current Opportunity

Chief Commercial Lending Officer

As Torrington Savings bank continues to pursue our commercial lending and treasury services growth strategy – we have grown our commercial loan portfolio an average of 40% per year over the past 4 years – we are looking for an experienced leader to lead the Bank’s commercial lending and treasury team. Reporting to the President & CEO and partnering with the entire Executive Leadership team and Board of Trustees to advance our strategy to ensure we are expanding our reach and growing our loan portfolio in alignment with the overall strategic direction of the bank. Managing the commercial loan portfolio to produce a reliable flow of interest and fee income while maintaining loan quality, risk management and compliance with loan policies and regulations. Responsible for setting and achieving loan growth goals which are aligned with the overall Bank goals and sound lending practices.

Primary Accountabilities / Responsibilities:

• In partnership with the CEO, Executive Leadership team, and the Board, advance our commercial lending and treasury management business lines to ensure we are expanding our reach and growing our loan portfolio in alignment with the overall strategic direction of the bank.
• Lead the Commercial lending and treasury services team to ensure lending and deposit goals and customer service standards are continually achieved, and department operations are performed in an effective and efficient manner. Promotes a culture of high performance and efficiency.
• Identify and manage a strong diverse pipeline of commercial lending relationships and opportunities.
• Partner with other lending functions within the bank to share leads, industry contacts, networking opportunities in order to help meet growth initiatives across the bank.
• Coordinate the development and revision of all commercial loan policies and procedures and ensure that all activities are in compliance with bank policy and State and Federal regulations.
• Provide reporting to management, the Trustee Loan Committee and the Board of Trustees to present an accurate assessment of the risk profile and composition of the commercial loan portfolio.
• Maintain a loan participation program that is consistent with the bank’s appetite for participation loan quality and levels.
• Participate in banking and civic organizations to promote the Bank’s image and visibility within the community.

Requirements:

Position Requirements:

• Minimum bachelor’s degree or equivalent in Financial focused education. Master’s degree or work experience equivalent preferred.
• Minimum of 10 years in the commercial lending industry with at least 3 years of experience leading a commercial lending function.
• Knowledge of State and Federal lending laws and regulations, Bank policies and procedures
• Excellent verbal and written communication skills.
• Ability to develop and maintain business relationships as well as influence people in their opinions, attitudes, or judgments about ideas or things; to motivate, convince, or negotiate.
• Ability to perform under stress when confronted with emergency, critical, or unusual situations.
• Ability to maintain relationships that facilitate task accomplishment; to cooperate and resolve conflicts; to recognize needs and be sensitive to others; to support the goals and objectives of all bank departments.
• Ability to systematically identify and define problems, evaluate alternatives, and implement cost effective solutions.

Torrington Savings Bank offers an excellent benefits package which includes medical, dental, and vision coverage. We also offer company paid life insurance, short term disability, long term disability, and a wellness reimbursement program up to $350 per year. Employees are eligible to participate in our 401k plan after 6 months of service which has an employer match up to 3%. Employees may also be eligible for an additional employer match to their 401K following one year of service.