Chief Risk Officer

Job Description

Job Description

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-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.

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.