Job Description

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Chief Risk Officer role in the Bridgeport, CT area. The position is responsible for overseeing the bank’s credit and risk management functions encompassing the entire organization. The CRO is charged with developing and implementing an effective risk management program that balances risk mitigation strategies with the bank’s growth and service objectives. The incumbent is ultimately responsible for ensuring the bank is in compliance with applicable laws and regulations. The CRO will prioritize resources and actions by risk exposure, audit and exam findings, applicable statutes, and regulations as well as Bank performance and needs for efficiency.

The opportunity has a generous salary of up to $175K and a benefits package. (This is not a remote position).

Responsibilities

• Oversight responsibility of the Senior Credit Risk Manager who has direct responsibility for the Bank’s loan credit risk portfolio, ensuring sound lending practices, compliance with credit policies, managing NPA’s, appropriate controls and procedures.
• Development and continuous improvement of credit risk management strategies, including the establishment of risk tolerance, data-driven dashboards, and efficient reviews processes for monitoring the portfolio. Periodically modify risk tolerances based on data and supported market and economic conditions.
• Supervision of underwriting ensuring the process is comprehensive, accurate, efficient, and completed in a timely fashion. Process must be scalable and allow for volumes stated in Strategic Plan.
• Accountability for the Bank’s loan review and collection processes ensuring tasks are completed in an efficient and timely manner.
• Establishment of individual and team performance benchmarks for credit analysts and other roles supervised. Establish SLAs and timelines for prompt task turnaround. Improve turnaround times with the use of technology and automation. Ensure expectations are set and communicated to loan originators and clients.
• Oversight and management of the credit portfolio by analyzing portfolio performance, identifying emerging risks, and proactively recommending appropriate actions.
• Periodic stress testing and scenario analysis to evaluate potential impacts of various economic conditions on credit risk and overall portfolio health.
• Work with the CEO and the Board of Directors to set and, as appropriate, adjust risk tolerance levels; determine critical (key) risk indicators to manage risk within established tolerance levels.
• Develop and maintain the bank’s overall risk management strategy, including identifying, assessing, monitoring, and mitigating various risks (credit, operational, fraud, compliance, etc.).
• Establish and maintain an effective risk governance structure to ensure risk is managed across all levels of the organization. Ensures alignment with bank’s goals and objectives (as outlined in the Bank’s Strategic Action Plan) and applicable laws and regulations.
• Lead the development and implementation of comprehensive risk management policies, procedures, and frameworks to support the bank’s strategic initiatives.
• Communicate risk management issues clearly to all stakeholders, promoting a strong risk-conscious culture within the organization.
• Responsible for securing and maintaining appropriate insurance coverage for the Bank.
• Work closely with members of Executive Management to align risk management strategies with business operations and goals. Uses Strategic Action Plan to prioritize initiatives, appropriately allocate resources, and adjust risk tolerances.
• Ensure the bank is in compliance with all relevant banking regulations, specifically those related to credit and risk management (e.g., Dodd-Frank, Basel III, B.S.A., etc.).
• Works with Audit Risk & Compliance Board Committee to define internal & external scope, balance prudent safety and soundness, with efficiency and overhead expense.
• Oversees the coordination of internal & external audits, as well as state and federal exams. Serves as a primary interface with auditors and examiners. Oversee the preparation and submission of regulatory requests, applications, and risk reports.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Ten to fifteen years in management functions of Credit, Compliance, Risk, or related experience.
• A Master’s Degree in Business Administration, Risk Management, or equivalent. Formal credit training is expected.

The next step is yours. Email us your current resume along with the position you are considering to:

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