Deputy Chief Risk Officer

Job Description

Job Description

Title:  Chief Deputy Risk Officer

DEPT:  Executive 

REPORTS TO:  Chief Risk Officer 

CLASSIFICATION:  Exempt, Full-Time

Location: Remote; AL; CA; IL; FL; MA; NC; NJ; NY; PA; TX; UT; VA

Pay Salary: $125,000-$200,000, bonus eligible. 

Position Summary:  Responsible for identifying, analyzing, and mitigating risk, strategic, financial, operational, or compliance-related—that could threaten an organization's assets, reputation, or earnings. They develop risk management frameworks, ensure regulatory compliance, and report to the board.

Responsibilities:

·        Risk Mitigation Strategy: Developing and implementing Enterprise Risk Management (ERM) frameworks to manage and reduce organizational risk.

·        Regulatory Compliance: Ensuring adherence to laws, industry regulations, and standards, particularly in sectors like finance or healthcare.

·        Risk Identification & Assessment: Analyzing potential threats - including cybersecurity, operational, and competitive risks and their potential impact on capital.

·        Reporting & Governance: Reporting risk profiles, providing insights to the CEO and Board of Directors, and advising on strategic decisions.

·        Crisis Management: Developing and overseeing crisis management and business continuity plans to handle emergencies

• Serves as a member of the Company’s 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 Company’s 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:

·       Experience: 15-20 years of relevant experience in finance, audit, compliance, or risk management.

·       Education: Master’s degree in legal, finance, economics, or business administration is required; an JD is preferred.

·       Certification: CAMS required.

·       Leadership & Communication: Ability to guide teams and communicate complex risk data to executives.

·       Analytical & Problem-Solving: Expertise in assessing risk probabilities and developing mitigation strategies.

·       Strategic Thinking: Aligning risk management with the overall company goals and objectives

·       Analytical Rigor : Strong quantitative skills to interpret complex data and risk models.

·      Proficient with Microsoft Office, particularly Word and Excel.

·      Knowledge of loan documentation in order to remain compliant with Federal regulations, and Bank policies and procedures.

·      Knowledge of all phases of risk, including laws and regulations governing banking industry. 

·      Business financial analysis expertise.

·      Familiarity with state and federal banking laws.

·      Strong leadership skills.

·      Ability to motivate and delegate.

·      Skilled in data review and decision-making.

·      Competence in analyzing complex laws and contracts.

·      Effective response to sensitive inquiries and complaints.