Head of Enterprise Risk Management & Compliance - Community Banking

Korn Ferry has partnered with our client in their search for their next VP - Head of Enterprise Risk & Compliance.

The Opportunity

This is an exciting opportunity to join an innovative, financially stable, well-resourced organization poised for growth and regional expansion.

Reporting to the CFO and leading a 10+ person Risk and Compliance function, the VP - Head of Enterprise Risk & Compliance will be a strategic partner to senior leadership to support current operations as well as longer term growth initiatives.

The VP- Head of Enterprise Risk Management & Compliance is primarily responsible for the development and implementation of best practices to provide effective management of Enterprise Risk, BSA / AML, Compliance, and Fraud.

Key Responsibilities :

• Responsible for developing organizational structure to adequately manage all areas of risk and compliance, regularly report and partner with operational teams to ensure full compliance with regulations, laws, and organizational values.
• Act as a strategist and subject matter expert assessing and advising as a business partner on existing and emerging regulatory compliance requirements across the organization.
• Provide insight and recommendations on risk implications for material business decisions. Ensure alignment, integration, and consistency of risk and compliance management across all business units.
• Create, define, implement, or advise on relevant policies, procedures, and practices that facilitate an effective risk managed business environment, including fraud risk management, strategic quality assurance, and project management processes.
• Attract, retain, and develop thoughtful and dynamic risk managers who are commercially aware, technically savvy, and who continually strive to meet the organization’s mission and goals through sound risk management practices.
• Oversee the framework for Enterprise Risk Management policy and ensure standards are applied across all business units, processes, activities, products, and services.
• Develop, implement, and administer all aspects of the organization’s compliance programs, ensuring compliance with applicable laws, regulations, internal policies and procedures, and Federal regulatory expectations.

Key deliverables, particularly within the next six to twelve months, are as follows :

• Establish oneself as a credible subject matter expert, identifying potential quick wins , and spending time managing productive and collaborative relationships with relevant stakeholders across the wider organization.
• Gain the respect of the full team, giving clear direction to the function and ensuring both the strategic and operational aspects of management are executed successfully.
• Set out clear actions and deliverables to build and develop the required in-house competencies through the establishment of best practices and capability building, understanding what good looks like.
• Spend time to understand the organization’s culture and values and the nuances of the working culture.

The Candidate

With a broad background across financial services, community banking / credit unions, and related organizations, the ideal candidate has a proven track record in Enterprise Risk Management and Compliance including experience with leadership and interaction with key stakeholders at various managerial levels and peers, training of staff in both risk specific skills and soft skills such as communication.

A tenured professional with at least 10+ years in a leadership position, they will be experienced in all relevant federal and state regulations, AML / BSA / KYC / OFAC, risk assessments, financial fraud, investigations and anti-fraud methodologies, business continuity, physical security, and enterprise risk.

With a growth mindset and desire for excellence, they bring a reputation for integrity and poise to balance business partnerships with the need to exercise independent judgement;

to raise potentially sensitive or contentious issues timely and in a constructive manner.

A collaborative leader, the Head of Enterprise Risk & Compliance will possess strong oral / written communication, effective in interpersonal management, negotiation, problem-solving, with an ability to flex their style in relation to the target audience.

Note :

This role would be in the office 3 days a week. Candidates must be currently located or willing to relocate.

SE# 510666654