Business Services Risk OfficerFirst Mid Bank & Trust • Peoria, IL, United States

Business Services Risk Officer

First Mid Bank & Trust • Peoria, IL, United States

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Position :

Business Services Risk Officer

Location : Peoria, IL

Job Id : 4216

# of Openings :

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e., bonus, incentives, and / or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Business Services Risk Officer

The Business Services Risk Officer (Treasury Management department) is responsible for identifying, assessing, and mitigating risks within the Small Business Services and Treasury Services departments, with a primary focus on Treasury Services. This role involves conducting risk reviews, developing risk management strategies, and ensuring compliance with regulatory requirements to protect the financial health of the organization and bank's clients.

Responsibilities include, but are not limited to :

Risk Assessment & Management :

Conduct timely, structured and comprehensive risk assessments (across all products) for Small Business Services and Treasury Services clients, identifying potential risks and vulnerabilities.
Develop, recommend and implement risk management strategies to mitigate identified risks, in line with management guidance and parameters.
Monitor and analyze economic / industry trends and market conditions that could affect risk levels, and make appropriate recommendations to management.
Review and update risk management policies and protocols regularly.
Ensure compliance with industry regulations and standards related to risk management.

Risk Reporting :

Prepare detailed risk reports for management and stakeholders, outlining the risk associated with specific transactions, strategies, and financial products.

Provide regular updates on the effectiveness of risk management practices.

Collaborate regularly with management to understand business objectives and identify potential risks.

Develop meaningful business intelligence dashboards to inform decision-making and facilitate risk monitoring.

Project Management & Implementation :

Lead Treasury and Small Business risk-related projects, developing plans, monitoring performance, and ensuring timely completion.

Act as a liaison for risk between the Treasury and Small Business teams, and other departments, proactively identifying and communicating issues.

Proactively work with management to develop and implement operational changes identified during risk assessments and reviews.

Coordinate with department leadership to ensure materials are appropriately updated to reflect risk management practices.

Treasury Management Implementations and M&A :

Serve as backup for the TM Setups team.

Remain knowledgeable in all areas of money movement (receivables and payables) to ensure a deep understanding of products and services you are supporting.

Assist with bank acquisitions and system conversions, ensuring integrity of risk mitigation systems and recommendations to further enhance processes.

Qualifications :

Education / Experience :

Bachelor's degree in Accounting, Finance, Business Administration, or a related field preferred, or equivalent relevant work experience.

4+ years of experience within a financial institution, with a focus on risk management.

Previous experience in treasury management, risk analysis or platform management strongly preferred.

Skills :

Exceptional analytical and problem-solving skills.

Proficient customer service skills; able to take client interactions to the next level.

High level of computer skills, including proficiency in risk assessment tools and financial forecasting models.

Knowledge and Understanding of the Treasury Management Services including but not limited to Direct Connect, ACH Positive Pay, Check Positive Pay, Wire transfers, ACH, Bil Pay, and Remote Deposit.

Demonstrated ability to work independently and collaboratively to build positive, productive relationships with all levels of employees.

High level of interpersonal communication skills; ability to effectively interact with individuals in all areas of the bank, customers, and vendors in a professional manner.

Ability to work with detailed information in an accurate, timely, and confidential manner.

Excellent time management and organizational skills.

Sound judgment and decision-making abilities; willing to challenge the status quo in a meaningful way.

Ability to critically think through situations and see roadblocks / potential misalignment before it becomes a real-world situation.

Total Rewards

Competitive health, dental & vision coverage with HSA match

401(k) with employer match + Employee Stock Purchase Plan

Generous PTO, paid holidays & parental leave

Tuition reimbursement & performance-based bonuses

Visit our Total Rewards page to see our full list of benefits

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

HP123

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Pay Range : $49,000 - $61,300 per year

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Risk Officer • Peoria, IL, United States

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