Job Description
Overview
Chief Risk Officer (Bank / Financial Services only)
ESSENTIAL JOB FUNCTIONS
Develops, implements, maintains, and administers the Bank's internal control framework in compliance with SOX and FDICIA; reviews internal controls, develops controls documentation, review, and testing requirements; works with executive management to develop and implement effective and efficient internal controls and risk mitigation; and provides reports to management and / or Board of Directors on status of SOX / FDICIA compliance.
Manages and leads a team of risk management professionals with responsibility for providing oversight and leadership in the changing regulatory environment and overseeing all bank compliance risk management activities in accordance with enterprise compliance standards.
Shares knowledge of risk management frameworks, strategic objectives, processes, policy development, risk-based capital assessment, bank operations, reporting, products and services, and regulation to ensure effective risk management complying with applicable laws and regulations.
Structures and implements risk management processes.
Aligns Risk Management policies with internal and external stakeholder requirements.
Advises executive management with regard to risk management strategies across all risk types.
Provides support and training to build awareness within the Bank, achieve growth targets and protect the Bank from future exposure.
Supports the development of a holistic risk management framework by collaborating with other departments and lines of business to review and evaluate risks and controls.
Coordinates with bank management to determine risk appetites and tolerance levels and communicates those to all lines of business.
Serves as key liaison with Bank Audit Firms and State / Federal Regulatory Authorities, acting as ambassador promoting a positive image of the Bank in all matters regarding risk and control.
Directs routine monitoring of regulatory requirements as well as periodic reviews and assessments of state and federal regulatory compliance requirements to include analysis of business impact for enacted laws / regulations and recommended bank compliance actions to ensure regulatory compliance.
Provides compliance and risk management subject matter expertise for project / process / product (including service and delivery channel) initiatives to ensure proactive identification of risks and the design of strategic and tactical regulatory solutions.
Facilitates formal and informal risk management meetings to address risks and control deficiencies identified through internal risk assessment and independent assessment, audit, and examinations; ensuring the Bank meets deadlines for resolving deficiencies.
Serves as a member of and supports risk management roles, including operating risk framework and / or committees (e.g. BSA Committee, Audit Committee, Risk Management Committee, IT Steering Committee and Compliance Committee).
Evaluates results of audits, examinations, investigations, prepares reports of findings, and suggests appropriate risk limitations to management. Keeps management apprised of the status of risk mitigation efforts regularly through reports to senior management, Board and / or Board committees as requested, and serves on the appropriate committees, as necessary.
Participates in strategic planning and works with the Bank's Board Audit Committee and the Bank Senior Management Team to inform all necessary parties of risks faced by the Bank and formulate action plans as needed.
BANKING, Finacial Management, Loan Documents, Loan Portfolio Analysis, Risk Modeling, Chief Credit Officer, Senior Credit Officer
Chief Risk Officer (Bank / Financial Services only)
MINIMUM QUALIFICATIONS
Prior experience as a Risk Management Officer for a Commercial Bank, and / or five or more years of senior level experience specifically related to, or compatible with, the responsibilities assigned to the position to include Risk, BSA, Compliance, or Audit in the banking industry.
Bachelor's Degree in Accounting, Finance, Business statistics or related field.
Experienced collaborating across departments and lines of business on complex projects.
Professional Certification (CPA or CFA) preferred. Pursues continuing education requirements as established for the position.
Strong formal communication and presentation skills in front of a variety of audiences (front-line staff, bank management, board of directors, regulators, and auditors).
SOX / COSO & FDICIA control framework expertise.
Expert knowledge of bank regulatory, safety and soundness, and CRA compliance requirements.
Experience overseeing state and federal bank examinations as well as internal and external audits.
Physical security experience; including incident response management, and disaster recovery. Information security experience and cyber event risk management is highly preferred.
Experience overseeing vendor management compliance programs, including the selection and ongoing monitoring of critical vendor relationships.
Certification in risk management, auditor compliance preferred, but not a requirement.
COMPETENCIES
Adaptability
Approachable; strong interpersonal skills; ability to build consensus across a diverse set of individuals.
Collaborates
Cultivates Innovation
Customer Focused
Emotional Intelligence
Initiative; strong initiative and decision-making abilities, with the ability to advance the strategic planning, direction, and goal setting for the bank in collaboration with senior management.
Change agent
Organization; effective organizational and planning skills and the ability to guide projects through to completion
Results-Oriented
Strategic Thinker with the ability to translate strategies into risk management tactical objectives and projects
Strong quantitative background; exceptional attention to detail.
Successful Leader; self-starter who works well in a rapidly changing environment with multiple competing priorities; Develops teams through coaching and mentoring - creates growth opportunities for team members.
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Job Tags
Bank staff,