Title: Chief Risk Officer
DEPT: Executive
REPORTS TO: President
CLASSIFICATION: Exempt, Full-Time
Location: Remote; AL; CA; IL; FL; MA; NC; NJ; NY; PA; TX; UT; VA
Pay Salary: $185,000-$250,000, bonus eligible.
Position Summary: Responsible for identifying, analyzing, and mitigating risk, strategic, financial, operational, or compliance-relatedโthat could threaten an organization's assets, reputation, or earnings. They develop risk management frameworks, ensure regulatory compliance, and report to the board.
Responsibilities:
ยทย ย ย ย ย ย Risk Mitigation Strategy:ย Developing and implementing Enterprise Risk Management (ERM) frameworks to manage and reduce organizational risk.
ยทย ย ย ย ย ย Regulatory Compliance:ย Ensuring adherence to laws, industry regulations, and standards, particularly in sectors like finance or healthcare.
ยทย ย ย ย ย ย Risk Identification & Assessment:ย Analyzing potential threats - including cybersecurity, operational, and competitive risks and their potential impact on capital.
ยทย ย ย ย ย ย Reporting & Governance:ย Reporting risk profiles, providing insights to the CEO and Board of Directors, and advising on strategic decisions.
ยทย ย ย ย ย ย Crisis Management:ย Developing and overseeing crisis management and business continuity plans to handle emergencies
- Serves as a member of the Companyโs Asset-Liability Management Committee (ALCO); contributes to development of and adherence to appropriate loan pricing disciplines within construct of prudent ALCO guidelines.
- Monitors and assist in developing enhanced risk training for department.
- Monitors risk exception management by compliance.
- Be actively engaged in strategic community involvement activities and serving as one of the Companyโs leading ambassadors.
- Lead as a culture champion contributing to a positive working environment through words and actions.
- Responsible for ensuring internal and external customers receive outstanding service.
- Promote adherence to all laws concerning financial institutions.
- Regular and dependable attendance.
- All other duties as required by business needs.
Requirements:
ยทย ย ย ย ย ย Experience:ย 15-20 years of relevant experience in finance, audit, compliance, or risk management.
ยทย ย ย ย ย ย Education:ย Masterโs degree in legal, finance, economics, or business administration is required; an JD is preferred.
ยทย ย ย ย ย ย Certification: CAMS required.
ยทย ย ย ย ย ย Leadership & Communication:ย Ability to guide teams and communicate complex risk data to executives.
ยทย ย ย ย ย ย Analytical & Problem-Solving:ย Expertise in assessing risk probabilities and developing mitigation strategies.
ยทย ย ย ย ย ย Strategic Thinking:ย Aligning risk management with the overall company goals and objectives
ยทย ย ย ย ย ย Analytical Rigor: Strong quantitative skills to interpret complex data and risk models.
ยทย ย ย ย ย ย Proficient with Microsoft Office, particularly Word and Excel.
ยทย ย ย ย ย ย Knowledge of loan documentation in order to remain compliant with Federal regulations, and Bank policies and procedures.
ยทย ย ย ย ย ย Knowledge of all phases of risk, including laws and regulations governing banking industry.
ยทย ย ย ย ย ย Business financial analysis expertise.
ยทย ย ย ย ย ย Familiarity with state and federal banking laws.
ยทย ย ย ย ย ย Strong leadership skills.
ยทย ย ย ย ย ย Ability to motivate and delegate.
ยทย ย ย ย ย ย Skilled in data review and decision-making.
ยทย ย ย ย ย ย Competence in analyzing complex laws and contracts.
ยทย ย ย ย ย ย Effective response to sensitive inquiries and complaints.
Pay Transparency
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.