JOB SUMMARY

The Chief Risk Officer is responsible for developing and maintaining a comprehensive process of identifying, assessing, reducing, monitoring, controlling and reporting key business risks that might impair the achievement of the Corporation’s goals and objectives.  As the Enterprise Risk Management (ERM) leader, the Chief Risk Officer facilitates the execution of ERM processes and infrastructure as a key enabler to achieving the business objectives of the Corporation.  The Chief Risk Officer functionally reports to the Audit Committee and the Board of Directors and operationally to the CEO of the Corporation. 

DUTIES

• Assists the Board and Senior Management in establishing and communicating the Corporation’s ERM objectives and direction.
• Assists management with integrating risk management with the strategy development process.
• Assists the CEO and Senior Management in developing and communicating risk management policies, risk appetite and risk limits.
• Assists in developing risk mitigation strategies for the Corporation’s critical risks and for monitoring these risks.
• Establishes, communicates and facilitates the use of appropriate ERM methodologies, tools and techniques.
• Ensures effective alignment between the ERM process, Compliance and Internal Audit.
• Participates in monitoring risk in the Corporation’s ERM risk categories, with an emphasis on Credit and Market Risk.
• Leads the internal audit function, including development of the plan, preparation of reports and monitoring of the implementation of recommendations.
• Leads the FDICIA internal control activities, including identifying internal controls, verifying the documenting of those controls and ensuring appropriate testing and reporting is completed.
• Oversees the compliance function, including development of the compliance program, monitoring of compliance risks and reporting.
• Oversees the BSA/AML function, including compliance with all regulatory requirements and monitoring of this program.
• Oversees the physical security function, including development and monitoring of this program.
• Oversees the information security program (maintains and protects confidentiality of client and bank information) including development and monitoring of this program and the development and monitoring of the business continuity and disaster recovery programs.
• Conducts risk management education and training as necessary.
• Serves as point of contact for external audit firms and examination staff, in collaboration with the Internal Auditor.
• Works as a liaison with the Bank’s OCC regulators and ensures requested documentation is obtained and uploaded.
• Maintains regular, on-time attendance.
• Remains current in assigned training and continuing education for designation retention (online, video, in-house emails, telephone seminars, etc.)
• Complies with all regulatory requirements specific to their position.
• Performs other various duties as assigned.

CONTACT WITH OTHERS – INTERNAL

• Communicates on a regular basis with the Audit Committee, Board and members of management to offer advice and opinions concerning laws, regulations, internal controls, policies, or procedures.
• Communicates on a regular basis with staff members to acquire needed information to complete ERM, FDICIA and audit procedures.

CONTACT WITH OTHERS – EXTERNAL

• Communicates on a regular basis with external auditors, examiners, correspondent banks, and other bank related agencies and vendors.

SKILLS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Business, Finance or Accounting is preferred; otherwise, must have a combination of applicable education and experience.
• Must have minimum of 10 years of experience in risk management or internal audit functions, preferably with financial institutions.
• Demonstrated leadership and management ability.
• Ability to provide overall direction, coordination, and evaluation of assigned staff. Carries out supervisory responsibilities in accordance with the organizations policies and applicable laws.
• Proficient in application of internal auditing theory, standards, procedures and techniques.
• Proficient in accounting principles and techniques.
• Strong planning, organizational and analytical skills with attention to detail and accuracy.
• Ability to effectively complete multiple projects simultaneously, managing time and resources, to ensure work is completed efficiently and within established timeframes.
• Ability to work in a fast-paced environment and positively adapt to routine changes while maintaining high performance standards.
• Ability to work independently as well as collaboratively within a team environment.
• Positive and cooperative approach when working with others.
• Excellent interpersonal skills (tactfulness, cooperation, courteousness and client friendliness) are necessary to represent the bank in a positive manner.
• Excellent written communication skills with demonstrated ability to write clearly, concisely and effectively, with attention to detail for visually appealing output and accurately proofreading publications.
• Excellent verbal communication skills with the demonstrated ability to effectively present information to clients and management.
• Ability to maintain confidentiality and handle sensitive information.
• Ability to efficiently and accurately keyboard information, both computer and calculator.
• Strong computer skills with a proficiency in MS Word, Excel and Outlook.

WORKING CONDITIONS

The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the work environment will include:

• Works in a normal office environment.
• Travel between branch locations, as needed.

PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the associate is regularly required to:

• Communicate effectively, both verbally and in writing.
• Keyboard information (computer and calculator).
• Travel to branch locations, as needed.