Title:ย Chief Deputy Risk Officer
DEPT:ย Executiveย
REPORTS TO:ย Chief Risk Officerย
CLASSIFICATION:ย Exempt, Full-Time
Location:ย Remote; AL; CA; IL; FL; MA; NC; NJ; NY; PA; TX; UT; VA
Pay Salary:ย $125,000-$200,000, bonus eligible.ย
Position Summary:ย 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 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 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 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 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 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.ย
- All other duties as required by business needs.
Requirements:
ยทย ย ย ย ย ย Experience:ย 15-20 years of relevant experience inย 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:ย 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.ย
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.