Risk Officer

Job Description

Job Description

SUMMARY

The Risk Officer will facilitate the execution of the Bank’s Enterprise Risk Management Program. This position will have responsibility for the review and implementation of certain components of the ERM program as assigned.

The responsibilities of this position will also include providing input to the manager and other Business Leadership on overall best practices in business risk management.

Ensures compliance with established Company policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following : Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Home Mortgage Disclosure Act, Real Estate Settlement Procedures Act, Fair Credit Reporting Act, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

REQUIRED DUTIES

1. Assists business unit managers with the identification and management of key risk issues for the area(s) of responsibility

2. Coordinates, analyzes and monitors the quarterly risk assessment process and issues tracking, measurement of, and reporting of Key Risk Indicators (KRI) and Key Performance Indicators (KPI) for the area(s) of responsibility

3. Assists in the aggregation of enterprise wide identification of control exceptions, issues management & remediation and change control monitoring and documentation

4. Ensures action plans associated with identified risk issues are communicated and actioned within applicable timelines

5. Serves as liaison between the Risk Department and the Internal Audit Department for the coordination of COSO / SOX Compliance and other internal control testing activities as applicable.

6. Monitors and reports on action plans associated with identified risk issues to ensure they are communicated and actioned within applicable timelines

7. Establishes, communicates and facilitates the use of appropriate Risk Management methodologies, tools and techniques

8. Develops and maintains metrics for managing and reporting risk to management and the Board as applicable

9. Responsible for maintaining the assigned risk program(s) to include policies, procedures, and process documents and periodic status reporting

10. Provides training and assistance to risk analysts.

11. Stays abreast of laws and regulations for area(s) of responsibility

12. Monitors assigned staff on tasks, operations and quality control; coordinating available resources (e.g., staff, materials, etc.) for maximum results.

13. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values;

accepts responsibility for own actions.

14. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.

15. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions.

The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

16. Performs duties specific to the position and other functions as assigned.

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.

The requirements listed below are representative of the knowledge, skill and / or ability required to perform the position in a satisfactory manner.

Individual abilities may result in some deviation from these guidelines.

• Bachelor’s degree from an accredited university; or 5 or more years of related experience and / or training.
• Minimum of three (3) years related experience in risk management responsibilities in either an operating or oversight function.
• Work related experience must consist of experience in the financial services industry. Educational experience, through in -house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Advanced knowledge of Bank operations and lending products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity;

demonstrated ability in organization and delegation skills.

• Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing and spreadsheet software programs.
• Intermediate typing skills to meet production needs of the position.
• Intermediate verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze and interpret documents and professional journals , understand procedures, write reports, correspondence and procedures, speak clearly to customers and employees.
• Basic math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals;

locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

• Thorough understanding of management procedures; ability to plan department or Company activities (setting objectives, developing strategies, budgeting, and developing policies and procedures);
• initiative to organize various functions necessary to accomplish department or Company activities; effectively staff (selecting, training and developing employees);

directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).

• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work with no supervision while performing duties.

Pay $88,000 - $140,000 per year. The salary reflects the full salary range for this position. Individual placement within the range is based on the candidate’s current experience, education, skills, and abilities related to the position.

Successful candidates typically begin up from the beginning to mid-point of the salary range. Successful candidates may be eligible for bonus / stock / commissions / incentives at the Company’s sole discretion.

We offer a comprehensive benefits package which includes paid sick and vacation leave; paid holidays; medical, dental, vision, life and disability insurance package for employees and dependents;

various other voluntary benefit offerings, and optional retirement accounts.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.