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NPAworldwide · 4 weeks ago

Chief Risk Officer (Bank/Financial Services only)

Philadelphia, PA

Full-time

Onsite

Lead/Staff, Director/Executive

$155K/yr - $215K/yr

5+ years exp

NPAworld is a company in the banking and financial services sector, seeking a Chief Risk Officer to lead their risk management teams. The role involves developing and implementing risk management strategies, ensuring compliance with regulations, and providing oversight to internal controls and risk mitigation efforts.

Recruiting

Responsibilities

Develops, implements, maintains, and administers the Bank's internal control framework in compliance with SOX and FDICIA; reviews internal controls, develops controls documentation, review, and testing requirements; works with executive management to develop and implement effective and efficient internal controls and risk mitigation; and provides reports to management and/or Board of Directors on status of SOX/FDICIA compliance

Manages and leads a team of risk management professionals with responsibility for providing oversight and leadership in the changing regulatory environment and overseeing all bank compliance risk management activities in accordance with enterprise compliance standards

Shares knowledge of risk management frameworks, strategic objectives, processes, policy development, risk-based capital assessment, bank operations, reporting, products and services, and regulation to ensure effective risk management complying with applicable laws and regulations

Structures and implements risk management processes

Aligns Risk Management policies with internal and external stakeholder requirements

Advises executive management with regard to risk management strategies across all risk types

Provides support and training to build awareness within the Bank, achieve growth targets and protect the Bank from future exposure

Supports the development of a holistic risk management framework by collaborating with other departments and lines of business to review and evaluate risks and controls

Coordinates with bank management to determine risk appetites and tolerance levels and communicates those to all lines of business

Serves as key liaison with Bank Audit Firms and State/Federal Regulatory Authorities, acting as ambassador promoting a positive image of the Bank in all matters regarding risk and control

Directs routine monitoring of regulatory requirements as well as periodic reviews and assessments of state and federal regulatory compliance requirements to include analysis of business impact for enacted laws/regulations and recommended bank compliance actions to ensure regulatory compliance

Provides compliance and risk management subject matter expertise for project/process/product (including service and delivery channel) initiatives to ensure proactive identification of risks and the design of strategic and tactical regulatory solutions

Facilitates formal and informal risk management meetings to address risks and control deficiencies identified through internal risk assessment and independent assessment, audit, and examinations; ensuring the Bank meets deadlines for resolving deficiencies

Serves as a member of and supports risk management roles, including operating risk framework and/or committees (e.g. BSA Committee, Audit Committee, Risk Management Committee, IT Steering Committee and Compliance Committee)

Evaluates results of audits, examinations, investigations, prepares reports of findings, and suggests appropriate risk limitations to management. Keeps management apprised of the status of risk mitigation efforts regularly through reports to senior management, Board and/or Board committees as requested, and serves on the appropriate committees, as necessary

Participates in strategic planning and works with the Bank's Board Audit Committee and the Bank Senior Management Team to inform all necessary parties of risks faced by the Bank and formulates actions plans as needed

Qualification

Risk ManagementSOX/COSO & FDICIABank Regulatory ComplianceProfessional Certification CPAProfessional Certification CFAInternal/External AuditsPhysical Security ExperienceCommunication SkillsInterpersonal SkillsLeadership SkillsStrategic Thinking

Required

Prior experience as a Risk Management Officer for a Commercial Bank, and/or five or more years of senior level experience specifically related to, or compatible with, the responsibilities assigned to the position to include Risk, BSA, Compliance, or Audit in the banking industry

Bachelor's Degree in Accounting, Finance, Business statistics or related field

Experienced collaborating across departments and lines of business on complex projects

Strong formal communication and presentation skills in front of a variety of audiences (front-line staff, bank management, board of directors, regulators, and auditors)

SOX/COSO & FDICIA control framework expertise

Expert knowledge of bank regulatory, safety and soundness, and CRA compliance requirements

Experience overseeing state and federal bank examinations as well as internal and external audits

Preferred

Professional Certification (CPA or CFA) preferred. Pursues continuing education requirements as established for the position

Physical security experience; including incident response management, and disaster recovery. Information security experience and cyber event risk management is highly preferred

Certification in risk management, auditor compliance preferred, but not a requirement