Job Description

Position Summary: The Chief Risk Officer will report to the CEO and assume a strategic role in the overall management of the Banc. The Chief Risk Officer provides the leadership, management, and vision necessary to ensure that the company has the proper Risk Management (ERM) function within the company. This role involves identifying, assessing, managing, and mitigating risks across the organization, ensuring alignment with the company’s strategic objectives and regulatory requirements. This position oversees the following lines of business. Compliance, BSA, Information Security, ERM and serve as Internal Audit Liaison. 

Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Provide day-to-day leadership and management to a service organization that mirrors the adopted mission and core values of the company.
• Assure that the bank adequately identifies, measures, monitors, and controls the bank’s credit, interest rate, liquidity, operational, compliance, strategic and reputational risks.
• Responsible for the measurement and effectiveness of all processes internal and external risk / underwriting related.
• Integrate risk management with strategic goal setting and business planning.
• This contributes to the development of strategy within departments by providing a view on potential improvement for risk management policies and procedures, including an assessment of existing information and anticipated changes.
• Ensure all SOPs are current with market trends and regulatory changes.
• Develops and implements plans for the infrastructure of risk management systems, processes, and personnel designed to accommodate the growth objectives of the bank and associate regulatory compliance responsibilities.
• Directs employees in the execution of the risk-based plan for all internal reviews, compliance reviews, loan reviews, internal audits, and fraud investigations.
• Collaborate with the management team to develop and implement plans for the risk / underwriting systems, processes, and personnel designed to accommodate the rapid growth objectives of our organization.
• Motivate and lead a high-performance management team.
• Keep up to date on policies and procedures, including the timely completion of all required and assigned training.
• Represent the company with clients, investors, and business partners.
• Other duties as assigned.

Competencies: To perform the job successfully, an individual should demonstrate the following.

• Achievement Focus - Demonstrates persistence and overcomes obstacles. Measures self against standard of excellence. Recognizes and acts on opportunities. Sets and achieves challenging goals. Takes calculated risks to accomplish goals.
• Business Acumen - Aligns work with strategic goals. Conducts cost-benefit analyses. Demonstrates knowledge of the market and competition. Displays orientation to profitability. Understands business implications of decisions.
• Business Ethics - Inspires the trust of others. Keeps commitments. Treats people with respect. Upholds organizational values. Works with integrity and ethically.
• Managing Customer Focus - Develops innovative approaches to meeting customer needs. Establishes customer service standards. Monitors customer satisfaction. Promotes customer focus. Provides training in customer service delivery.
• Strategic Thinking - Adapts strategy to changing conditions. Analyzes market and competition. Develop strategies to achieve organizational goals. Identifies external threats and opportunities. Understands organization's strengths & weaknesses.
• Visionary Leadership - Acts in accordance with vision. Communicates vision and gains commitment. Creates a clear, compelling vision. Displays passion and optimism. Mobilizes others to fulfill their vision.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:  Bachelor’s degree in finance or related field; 10-15 years of direct experience in Risk Management, preferably in merchant services or banking industry.

Strong understanding of Enterprise Risk Management, Compliance and BSA.

Language Ability:  Read, analyze, and interpret scientific and technical journals, financial reports, and legal documents. Respond to inquiries or complaints from customers, agencies, or members of the business community. Write speeches and articles for publication.

Mathematical Ability:  Calculate figures and amounts such as discounts, interest, commissions, and percentages. Apply concepts of basic algebra and geometry.

Reasoning Ability:  Define problems, collect data, establish facts, and draw valid conclusions. Interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Computer Skills:  Required: Microsoft Office Suite (Outlook, Word, Excel, etc.).

Certificates and Licenses: MBA and/or CPA preferred.

Supervisory Responsibilities: Manages subordinate supervisors who supervise other employees. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk. The employee must be able to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Training: Must complete all required mandatory and regulatory training by the assigned due date.

Bank Secrecy Act (BSA): Follow all policies and procedures of the Bank Secrecy Act, (BSA) Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC). Complete online compliance training as required.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

SALARY RANGE: $190,000 - $275,000 per year; Exact compensation may vary based on skills, experience, and location.

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