Senior Vice President, Risk Officer

Job Description

Job Description

Description:

Why Torrington Savings Bank?

Looking to grow your career at a place where community, innovation, and opportunity come together? Torrington Savings Bank offers more than just a job—we offer a supportive environment where your skills and ideas can thrive. As a trusted financial institution with over 150 years of history, we’re committed to serving our local communities while helping our employees reach their professional goals. Whether you're just starting out or looking to take the next step in your career, you'll find a collaborative culture, opportunities for advancement, and a workplace that values work-life balance. Join a team that takes pride in building relationships and delivering personalized banking experiences every day.

Current Opportunity

Senior Vice President, Risk Officer

The Senior Vice President, Risk Officer is responsible for establishing and leading the institution’s comprehensive risk management strategy. This role provides enterprise-wide leadership across credit & operational risk management, compliance, and internal audit, ensuring that risk practices are adequately aligned with the institution’s strategic objectives, regulatory requirements, and risk appetite.

The Senior Vice President, Risk Officer partners closely with executive leadership, business line heads, and the Board of Trustees to balance growth and profitability with strong risk discipline.

Primary Accountabilities / Responsibilities:

1. Enterprise & Operational Risk: Provide strategic oversight of the Bank’s enterprise and operational risk management framework, including risk assessments, internal controls, business continuity, vendor management, and policy governance, ensuring alignment with the Bank’s risk appetite and regulatory expectations.
2. Credit Risk Management: Provide strategic oversight of the Bank’s credit risk function, including credit policies, underwriting standards, portfolio quality, and risk rating integrity, ensuring alignment with the Bank’s risk appetite and regulatory expectations.
3. Compliance & Regulatory Oversight: Provide executive oversight of the compliance function, ensuring adherence to applicable laws, regulations, and internal policies. Oversee regulatory change management efforts and compliance training initiatives. Serve as a primary point of contact for state & federal examiners and regulatory agencies, on risk and compliance matters.
4. Internal Audit: Provide executive oversight of the internal audit function to ensure the development and execution of a risk-based internal audit plan. Ensure that appropriate corrective action plans are developed and validation of issue resolution is performed.
5. Leadership & Culture: Promote a strong risk-aware culture across the institution, including proactive risk identification and accountability.
6. Governance & Reporting: Regularly report to the Board of Trustees and relevant committees (i.e., Management Risk Committee and Audit & Compliance Committee) by providing clear, transparent risk reporting, and independent insight.

Position Requirements:

Minimum bachelor’s degree or equivalent in financial- or risk-focused education. Master’s degree or equivalent work experience preferred. 10+ years of progressive leadership experience in risk management, including senior level experience in credit risk, operational risk, compliance, and/or audit. Demonstrated ability to build and enhance a three lines-of-defense (3LOD) model, ensuring clarity of roles and effective independent challenge. Strong background in policy governance, internal controls design, and control testing methodologies. Possess a deep understanding of regulatory frameworks, internal controls, and governance structures. Possess experience in interacting with federal and/or state regulators and Board of Directors or Trustees. Possess the ability to work cross-functionally, collaborate effectively with other departments, and foster a culture of risk awareness across the organization. Possess the ability to handle confidential information with professionalism and discretion.

Torrington Savings Bank offers an excellent benefits package which includes medical, dental, and vision coverage. We also offer company paid life insurance, short term disability, long term disability, and a wellness reimbursement program up to $350 per year. Employees are eligible to participate in our 401k plan after 6 months of service which has an employer match up to 3%. Employees may also be eligible for an additional employer match to their 401K following one year of service.

Torrington Savings Bank is an equal opportunity employer, dedicated to a policy of non-discrimination in employment on any basis prohibited by law. The Bank considers applicants for all positions without regard to disability, military/veteran status, or any other legally protected status, and is committed to providing equal opportunities in terms of its recruiting and hiring practices.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.?

Torrington Savings Bank participates in e-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.A.

EOE/AA/D/V

Torrington Savings Bank is a drug free workplace.