Credit Policy & Reg Oversight Specialist

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Credit Regulatory Oversight Specialist position will have responsibilities over coordinating regulatory oversight with business lines. The manger will work with the Credit Policy and Regulatory Oversight Director to ensure regulatory compliance and serve as a representative for the bank to regulatory, Internal Audit and Loan Review and self - identified remediation plans to meet the requirements of regulatory expectations. The role will be responsible for monitoring regulatory developments, conducting risk assessments and facilitating examination coordination. They may also be engaged in supporting audits and examinations.

This role will perform portfolio analysis to assess Old National's credit risk and coordinate interactions relating credit with external regulators and internal examiners and auditors.

Salary Range

The annual salary range for this position is $81,700.00 - $165,100.00. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Regulatory Compliance & Examination Coordination

Coordinates examinations and leads projects with collaboration from the Credit Policy Director to ensure compliance with federal, state, and local laws and regulations.
• Tracks internal and external examination cycles and coordinates response recommendations with 1st Line of Defense and 2nd Line of Defense.
• Serves as the point of communication with regulators, internal auditors, and examiners for assigned credit segments; resolves recommendations and MRAs.
• Works with and implements directives from regulatory agencies.
• Ensures compliance with regulatory requirements and guidance.

Risk Management & Policy Influence

• Partners with Credit Policy and Oversight team, business line leaders, Risk, and Compliance to oversee adherence to the risk management framework.
• Ensures active identification, response, and/or escalation of risks as appropriate.
• May influence policies and procedures in alignment with the bank's strategic plan and risk appetite to minimize regulatory exposure.
• May assist in enhancing processes and procedures as needed.

Stakeholder Engagement & Advisory Support

• Accountable for effective partnerships between Credit Administration, Lines of Business, and Lines of Defense.
• Consults with and provides analytical support to bankers, analysts, Credit Policy Director, and Chief Credit Officer on credit issues and questions.
• Actively stays abreast of regulatory developments and ensures key stakeholders are informed of changes impacting business lines or departments.

Training & Development Coordination

• Coordinates the identification of training needs.
• Works with HR to develop or source training from external providers.
• Coordinates delivery of training.

Key Competencies for Position

Compelling Communication - Openly and effectively communicates with others.

• Effectively and transparently shares information and ideas with others.
• Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain.
• Unites others towards common goal.
• Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.

Makes Decisions & Solves Problems - Seeks deeper understanding and takes action.

• Takes ownership of the problem while collaborating with others on a resolution with an appropriate level of urgency.
• Collaborates and seeks to understand the root causes of problems.
• Evaluates the implications of new information or events and recommends solutions using decisions that are sound based on what is known at the time.
• Takes action that is consistent with available facts, constraints and probable consequences.

Delights Clients - Continuously seeks and applies knowledge leading to a best-in-class client experience.

• Passionately serves internal/external clients with excellence.
• Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally.
• Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team.
• Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.

Qualifications and Education Requirements

• Bachelor's degree or equivalent work experience and 8 years relatable credit experience.
• Advances knowledge of laws, regulations and regulatory trends that impact the financial services industry.
• Understanding of risk and control environments.
• Knowledge of Risk/Compliance/Audit competencies.

Key Measures of Success/Key Deliverables:

• Regulatory Examination Readiness & Responsiveness - Timely and accurate coordination of regulatory exams and audits and reduction in the number and severity of MRAs (Matters Requiring Attention) or regulatory findings over time.
• Risk Identification and Mitigation Effectiveness - Number of identified credit-related risks proactively addressed or escalated and implementation of risk mitigation strategies aligned with regulatory expectations.
• Stakeholder Engagement & Advisory Impact - Satisfaction and feedback from internal stakeholders (e.g., Credit Policy, Risk, Compliance, Lines of Business) and number of successful cross-functional initiatives or policy enhancements influenced.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!