MPower Mortgage a division of Midland Federal Savings and Loan Association

Compensation

Full Description

The President of Midland Federal Savings and Loan Association serves as the top executive and is responsible for the overall leadership, strategic direction, and operational performance of the institution. This role carries primary accountability for operational excellence, oversight of the Finance Department and all other departments, information technology and information security, institutional growth, compliance, and primary regulatory liaison, while fostering a strong, collaborative, and performance-driven culture. The President ensures the institution operates in a safe, sound, and compliant manner while delivering high-quality service to customers and value to all stakeholders. Key Responsibilities Financial Oversight & Governance • Provide executive oversight of the executive management team, key departments such as the Finance Department, and other key officers such as the Treasurer and other non-executive management officers for asset/liability management (ALCO), balance sheet strategy, and interest rate risk management. • Oversee internal controls, audits, and financial risk management activities. • Present clear, accurate operational financial and operational information to the Board of Directors to support informed decision-making. • Ensure financial governance, reporting, and controls align with regulatory expectations for safety and soundness, including examiner interactions. • Oversee functions that may be shared, outsourced, or supported by third-party providers/vendors, such as finance, ensuring accountability, transparency, and performance standards are met. • Ensure the integrity, accuracy, and timeliness of financial reporting, budgeting, forecasting, and asset/liability management. • Partner with the CFO to maintain strong capital, liquidity, and earnings performance consistent with the association’s strategic plan and risk appetite. Executive Leadership & Strategy • Provide strong, daily visible leadership to the organization, setting clear expectations and aligning teams around strategic objectives. • Translate Board-approved strategy into executable operational, technology, and risk management plans to meet the bank's goals and objectives. • Serve as the primary liaison to the Board of Directors, regulators, auditors, and key external partners. • Promote a "can-do" culture that emphasizes accountability, teamwork, compliance to statutes and regulations, and continuous improvement across all functions. People & Culture • Promote ethical conduct, strong governance, and a commitment to the association’s mission and values. • Lead, mentor, and develop executive and senior management. • Build and sustain a collaborative, team-oriented culture grounded in mutual respect, transparency, and shared success. • Attract, retain, and develop high-performing talent across the organization. • Establish and maintain formal succession planning for executive leadership and key management roles, ensuring continuity of leadership and operational stability. • Regularly assess leadership “bench strength” and development needs, and partner with the Board of Directors on succession readiness and long-term talent strategy. Operations Management • Provide executive oversight of all day-to-day operations staff of the association, ensuring efficiency, scalability, and consistency across business lines. • Establish and monitor operational metrics, service-level standards, and internal controls along with department heads. • Drive process improvement initiatives to enhance productivity, reduce risk, and improve the customer experience. • Ensure business continuity, disaster recovery, and operational resilience planning are robust and regularly tested. Information Technology Leadership • Provide executive oversight of all information technology functions, including core banking systems, infrastructure, applications, and vendor management. • Ensure technology strategy aligns with business objectives, regulatory requirements, and long-term growth plans. • Champion modernization initiatives, including automation, data management, and secure digital delivery channels. • Evaluate, select, and manage third-party technology vendors and service providers. Information Security & Risk Management • Maintain overall accountability for the institution’s information security and cybersecurity posture. • Ensure compliance with all applicable federal and state regulations related to information security, privacy, and data protection. • Oversee the development and execution of information security programs, policies, and incident response plans. • Partner with internal and external experts to identify, assess, and mitigate operational and technology-related risks. Credit And Liabilities, Marketing And Management • Oversee the establishment and the enforcement of sound credit policies along with the Chief Credit Officer (CCO) by the Chief Lending Officer (CLO) to ensure prudent underwriting, portfolio quality, and compliance with federal and state banking regulations. • Oversee CCO and CLO in their risk mitigation efforts, including stress testing, portfolio diversification, and early‑warning systems for deteriorating credits. • Oversee Treasurer and CFO in their asset–liability management (ALM) functions to maintain appropriate liquidity, interest rate risk positioning, and capital adequacy. • Oversee the review by the CLO and CCO of loan portfolio performance, delinquency trends, charge-offs, and allowance for loan and lease losses (ALLL/CECL). • Oversee CFO’s and Treasurer’s maintenance of liabilities, including deposits and borrowings, so they are structured to support funding needs while managing cost of funds. • Works with Chief Strategy Officer for marketing and business development initiatives to drive deposit growth, loan production, and brand recognition. • Oversee CCO, CLO and CSO strategic direction for loan portfolio growth, ensuring balanced expansion across consumer, residential, and commercial lending while maintaining asset quality. • Ensure marketing strategies align with the institution’s mission, target markets, and community-focused objectives. • Oversee compliance with federal and state regulations, including safety and soundness standards, fair lending laws, and reporting requirements. • Oversee compliance with advertising, disclosure, and consumer protection regulations. • Promote the institution’s reputation through community engagement, public relations, and stakeholder outreach. • Review and approves major marketing campaigns, budgets, and performance metrics. Regulatory & Examiner Relations • Serve as the primary executive contact for regulatory examinations. • Ensure timely, accurate, and complete responses to regulatory findings and recommendations. • Foster a proactive, transparent relationship with regulators grounded in strong governance and risk management practices. Key Competencies • Strategic and operational leadership skills • Finance management • Business strategy • Marketing • Technology and cybersecurity acumen • Risk-based decision making • Change management and execution • Clear, credible communication • Results-oriented, "can-do" mindset • Strong commitment to teamwork and organizational culture Qualifications & Experience • Minimum of 10 years of experience in an executive leadership role within a financial institution; 15 years of experience preferred. • Demonstrated success leading complex operations, technology functions, information security programs, and financial management activities. • Strong working knowledge of budgeting, pricing strategy, and profitability. • Demonstrated ability to partner effectively with a Chief Financial Officer and the Finance Department, and oversee vendors. • Proven ability to build, lead, and inspire high-performing, cross-functional teams. • Experience working directly with Boards of Directors, regulators, and external auditors in a safety-and-soundness-focused environment. • Proven ability to build, lead, and inspire high-performing teams. • Strong working knowledge of banking or savings and loan operations, regulatory expectations, and risk management practices. • Experience partnering effectively with Boards of Directors and regulatory bodies. Education • BS/BA in Marketing, Finance, Accounting or Management or related field preferred or 20+ years relevant banking experience of which 10 years was in an executive management role. Work Environment This position is based at Midland Federal Savings and Loan Association’s Bridgeview Office (primary office), requires daily interaction with staff, and periodic interaction with the Board members, regulators, and external partners. Periodic travel. This job description is intended to describe the general nature and level of work performed by the President and is not an exhaustive list of all responsibilities, duties, or qualifications.