Risk Management Officer

Job Summary:

The Risk Management Officer provides oversight of the enterprise-wide risk management appetite framework, policies, programs, and procedures for managing and monitoring risk exposure derived from banking and financial service activities.

Essential Functions and Responsibilities:

• Assist in the identification and quantification of financial, operational, reputational, and strategic risks for all areas of the Bank. 

• Help with the development of analyses and reports to support identification, assessment, monitoring, and reporting of new or existing risks. 

• Assist in the review and enhancement of internal controls.  

• Maintain a strong knowledge of risk management developments or changes within the organization, industry, and market by developing relationships within professional networks and staying current on emerging issues and regulatory requirements.  

• Communicate risk vision and regulatory requirements to applicable stakeholders. 

• Lead vendor management program

• Research risks associated with proposed products and services as well as changing policies and procedures, and report findings to Management and Audit & Compliance Committee.

• Coordinate and serve as point person for external audits and regulatory exams.

• Serve as a resource to other areas of the Bank as it relates to completing risk analyses of new products and services, or changes to existing products and services.

• Expand technical and compliance knowledge of all areas of the Bank through training programs, seminars/conferences, employee interaction, and publications.

• Prepare the materials and agenda for ERM Committee meetings, and lead the meetings.

• Participate in Audit & Compliance Committee meetings

• Review internal audits and compliance reviews for accuracy and content, providing feedback as necessary.

Additional Management Responsibilities:

• Enthusiasm to become involved with professional and civic organizations supporting the markets served by the Bank in harmony with the Bank’s desired image of being a trusted community resource.

• Be consistent with the Bank’s marketing objectives and policies set forth in the Community Reinvestment Act statement and take an active role in the community.

• Perform all supervisory/managerial responsibilities in a manner that fully complies with the Bank’s Equal Employment Opportunity/Affirmative Action Policy and that meets the requirements of all related federal and state regulations. Adhere to all EEO/AA guidelines and regulations in the hiring, placement, promotion, transfer, selection, and training processes.

• Manage and support direct reports by making sound hiring decisions, training each new hire and current staff as needed, and continually mentoring staff to assist in their success.

• Address performance and behavior issues with Human Resources and follow through with appropriate action.

Knowledge/Skills/Abilities:

• Excellent verbal and written communication and interpersonal skills. 

• Sound understanding of all applicable banking regulations to ensure the safety and soundness of the Bank. 

• Strong financial accounting and analytical skills. 

• Ability to work both independently and in a team environment. 

• Ability to maintain a high degree of integrity while handling confidential information. 

• Ability to read, analyze, and interpret general business periodicals, regulatory materials, professional journals, and technical