A person working as a Chief Credit Officer in India will on average earn $61235 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $61,235.00 |
| Weekly salary | $1,177.60 |
| Daily salary | $167.77 |
| Hourly salary | $20.97 |
This means chief credit officer salary is above average!
Job Industry: banking or financial services
Description: The Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance. The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.
Tagged with: Chief Credit Officer, Credit Risk Management, Credit Portfolio, Regulatory Compliance, Creditworthiness Assessment, Credit Risk Mitigation.