Chief Risk Officer

About the role

The Chief Risk Officer will have responsibility for the overall direction of risk management function. In addition to the risk functions related to traded and underwritten products, this individual may also be responsible for loan products.

Responsibilities

• Formulates the organization's risk management policies in conjunction with senior management and/or a Risk Management Committee.
• Directs staff in establishing risk management procedures and standards.
• Develops risk management analysis reports.
• Develops approval procedures and guidelines on risk limits by type of product and/or transaction.
• Establishes management and administrative procedures to ensure adherence to policies.
• Provides counsel to business unit managers on risk management issues.
• Evaluates new products and trading/hedging strategies for their impact on the firm's risk profile.
• Serves on (or chairs) a Risk Management Committee with other members of senior management.
• Acts as the firm's liaison with external regulatory or legal bodies on risk management issues.
• Creates and protects shareholder value while continuously improving risk intelligence and visibility for the organization through the development and implementation of an Enterprise Risk Management (ERM) framework.
• Chairs Risk Committee and is responsible for participation in strategic planning activities while providing management oversight to ensure and enhance organizational compliance with all applicable laws and regulations.
• Communicates changes to impacted areas of the organization.
• Serves as an active member of the Executive Audit Committee; oversees the Audit and Compliance functions of the entire organization ensuring effective risk assessments are formulated and implemented to drive strategic plans.
• Provides critical audit and compliance support to the organization in order to effectively evaluate the overall risk and benefit of current and future products and processes.
• Ensures that risk is managed according to ANB's risk tolerances through regular audit and compliance reviews.
• Ensures periodic reports to the Executive Audit and Compliance Committee, Board, CEO and other management as appropriate.
• Serves as regulatory liaison and works with the various regulatory agents for assigned areas of the bank to ensure efficient and effective communication and coordination.
• Cooperates with general counsel as requested on matters involving questions regarding the organization's compliance with applicable laws and regulations.
• Assesses various rules, business processes, customer impacts, revenue impacts and risk exposure and presents business recommendations for developing, implementing and successfully integrating regulatory needs with overall business needs.
• Directs and controls lending processes to ensure loan policy and procedures are understood and implemented that will lend to efficiencies while maintaining a high-quality loan portfolio.
• Affirms processes are in place so that loans are properly documented and conform to regulatory requirements.
• Formulates and reviews lending policies and procedures and presents recommendations to Board of Directors for approval.
• Assesses the reliability of overall risk management practices and the soundness of the loan portfolio, ensures allocation reserves adequately address portfolio risk, and provides oversight for the disposition of bank problem assets.
• Builds and leads the appropriate team to accomplish the goals of the organization.

Qualifications

• Bachelor's degree in business administration, finance, or accounting; Master's degree preferred.
• Demonstrated, progressive responsibility within a large community, regional or national financial institution within applicable risk domains.
• Successful managerial experience, including the recruitment, development, and retention of a high performing team.
• Knowledge of banking industry risk rating methodology and lending policies/practices.
• Strong working knowledge of bank related audit and compliance regulations, technology, processes and procedures.
• Advanced knowledge of Microsoft Excel, PowerPoint and MS Word; basic keyboarding and calculator skills; must be able to do complex math and carry out complex written instructions.
• Fluent in English and Spanish preferred.