Business Risk Officer

Business Risk Officer

Job Locations

US-IL-Chicago | US-MN-Minneapolis

Category / Function

Operations

Position Type

Regular Full-Time

Requisition ID

2025-18440

Workplace Type

On Site

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

We are currently seeking an experienced first-line risk manager to join our Business Risk Office. Reporting into the Business Risk Director, the ideal candidate for the Business Risk Officer, Sr role will have significant experience in Treasury Management, Payments, Commercial or Consumer Lending, Fulfillment, Operations and / or Servicing, as well as first, second or third line of defense risk management, and process and control evaluation, design, and implementation experience at large financial institutions.

The selected candidate will have the opportunity to build out risk and control activities in the first line of defense. This newly created role will be pivotal in implementing risk frameworks, will serve as the first line of defense governance and control partner to executive leadership, and should be highly skilled at collaboration and influencing. As a Business Risk Officer, you will also serve in advisory capacity in the design and implementation of action plans, control enhancements and process design. This is currently an individual contributor role, although this may change in future.

Salary Range

The salary range for this position is $18.25 / hr. - $37.50 / hr. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

First Line Process, Risk and Controls Leadership : Serve as subject matter expert on and / or lead various Segment committees and provide advisory guidance to Segment Business Leadership team. Proactively identify risk exposures and control gaps. Lead the processes for identification and assessment of risks and controls for the Segment, including for new business and / or product initiatives.

• Process Optimization and Control Enhancement : Establish and maintain processes to identify, quantify and prioritize opportunities for process improvement and internal control enhancements across the Segment.
• Cross-Functional Collaboration : Work closely with other departments (such as Risk, IT, Sales, and Customer Service) to align risk management strategies with effective delivery models. Resolve conflicts quickly through proactive communication and influential leadership.
• Market Intelligence : Stay informed about risk management and first line of defense trends and, adapt strategies to maintain competitive advantage
• Compliance : Lead regulatory and compliance examinations and internal audits, including coordination of tasks and deliverables amongst risk and business line team members. Facilitate other internal reviews, including SOX certification.
• Manage by metrics : Perform risk-based monitoring and analytics, and work with Segment Business Leaders to address any issues identified
• Change Management : Provide implementation and execution of first line risk management programs, including Regulatory Affairs, Third Party Risk Management, Operational Risk Management (RCSA), Business Resiliency, Corporate Governance, Model Risk Management, and Risk Appetite. Facilitate updates to applicable policies, procedures and training, and communicate changes to impacted team members.

Qualifications and Education Requirements

This position may be filled at a different level depending on the candidate's qualifications and relevant experience. Factors may include but are not limited to : previous experience, depth and breath of previous or current institution size- the same role for many years or a variety of roles in the same space over a number of years, skills, knowledge, previous performance and success factors, education / certification.

Key Measures of Success / Key Deliverables :

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values. We are optimistic. We are collaborative.

We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!

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