VP Chief Credit Officer Ameriprise Bank

About Our Company We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

As VP Chief Credit Officer, you will provide strategic leadership for credit risk management and lending governance across Ameriprise Bank. You will shape credit policy, underwriting standards, portfolio oversight, and regulatory engagement while partnering with senior leaders to drive sustainable growth. This role offers significant visibility and influence with executive leadership and the Board of Directors.

Responsibilities

• Lead bank credit strategy, policy development, and underwriting governance for consumer, real estate, secured, and unsecured lending products.
• Chair the Credit Risk Committee and provide leadership across risk and governance committees.
• Review and approve complex credit transactions and oversee credit approval processes.
• Monitor portfolio performance, concentration risk, loan quality, and loss mitigation activities.
• Present credit risk insights and recommendations to executive leadership, regulators, and the Board of Directors.
• Partner with compliance teams to ensure adherence to regulatory requirements and company policies.
• Leverage portfolio analytics and business intelligence to strengthen risk performance and decision making.
• Manage budgets, resources, and continuous improvement initiatives within areas of responsibility.

Required Qualifications

• 10+ years of banking or financial services experience, including senior leadership experience in credit risk, lending, or controls functions
• Demonstrated expertise in credit risk management, underwriting, portfolio management, and lending products, particularly secured real estate lending
• Bachelor's degree in Business, Finance, Economics, Accounting, or a related field

Preferred Qualifications

• MBA, CPA, or other advanced degree preferred
• Strong analytical, credit structuring, and financial assessment skills, including knowledge of Generally Accepted Accounting Principles (GAAP) preferred
• Excellent communication, presentation, influencing, and relationship-building capabilities
• Ability to collaborate effectively across organizational levels and lead through complex business challenges

U.S. Work Authorization & Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week.

Base Pay Salary

The estimated base salary for this role is $210,500 - $289,500 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role.

Full-Time/Part-Time

Full time
Exempt/Non-Exempt
Exempt

Job Family Group Enterprise Risk Management Line of Business BANK

Job Family Group Enterprise Risk Management. Line of Business: BANK.

Equal Opportunity Employer Statement

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Culture & Values

Since 1894, Ameriprise Financial has helped people feel more confident about their financial future. Guided by strong values and a deep commitment to clients, we've remained a trusted leader in financial planning and advice for more than 130 years. Through our businesses, Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance & Annuities, we deliver advice, investment and protection solutions designed for long-term success. While each business brings distinct capabilities and expertise, all are united by our unwavering focus on clients and a strong financial foundation. For you, that means the opportunity to build a meaningful career in a high-performing, collaborative culture where your expertise can grow, your contributions are valued and your work can make a real impact. As a global financial services company with three complementary businesses, the breadth of our capabilities sets us apart. It also creates unique opportunities for employees to learn, collaborate and grow their careers: Ameriprise Financial: Financial planning, advice and wealth management. Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients. RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth. Explore opportunities within each business and region below.

Career Opportunities

Ameriprise US | Careers Ameriprise India | Careers Columbia Threadneedle Investments US | Careers Columbia Threadneedle Investments EMEA APAC | Careers RiverSource | Careers