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Investar Bank, National Association · 4 hours ago

Deputy Chief Risk Officer

Tower, Baton Rouge, LA, US

Full-time

Onsite

Director/Executive

7+ years exp

Investar Bank, National Association is seeking a Deputy Chief Risk Officer to support the Chief Risk Officer in managing enterprise-wide risk and overseeing risk frameworks. The role involves developing policies, monitoring Key Risk Indicators, and implementing strategies that align with the bank's risk appetite to achieve strategic goals.

BankingFinancial ServicesVenture Capital

Responsibilities

Supports CRO in tactical and strategic management of the Enterprise Risk Management (ERM) Program

Coordinates the development or revisions of policies, procedures and agreements to ensure compliance with regulatory processes, ensuring that deviations from policy are corrected and reported

Supports areas of responsibility with regulatory management activities including exam readiness processes, exam preparation, evidence management and regulatory communications

Supports the CRO in establishing and continuously maturing the company's Enterprise Risk Management Program strategy, programs, functions, processes, staffing models, strategic roadmaps and other related program management functions

Works closely with business units to design and implement risk mitigation strategies and controls to reduce the likelihood of identified risks

Drives technology and innovations to support risk and compliance reporting enhancements and efficiencies

Supports the CRO in directing the company's annual Risk Assessment Program that includes conducting annual risk assessments, executive risk reporting, risk appetite development with the Board of Directors, risk mitigation strategy development and ongoing risk monitoring through Key Risk Indicator (KRI) development and reporting

Monitors and reports on a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the risk management department to have a comprehensive understanding of risk positions, market conditions and the impact of new initiatives

Manages and supports various enterprise risk programs, including Model Risk Management, Third Party Risk Management, Data Governance, and Business Continuity/Disaster Recovery

Develops methods to quantify and measure various types of risks and use these quantitative models and tools to estimate potential losses and assess risk exposures

Stays current with regulatory requirements and ensure Investar Bank's risk management practices align with the applicable laws and regulations

Acts as second-in-command to the Chief Risk Officer, functioning as a Chief Risk Officer for the company when that authority is delegated

All other duties as assigned

Qualification

Risk ManagementRegulatory ComplianceQuantitative AnalysisMS Office ProficiencyPortfolio ManagementAnalytical SkillsMBACertificationsCommunication SkillsNegotiation SkillsPresentation Skills

Required

Bachelor's degree in a related field or equivalent combination of coursework and work experience

Minimum of 7+ years' progressive experience in risk management, analysis and regulatory practice within banking or the financial services industry

Must possess strong communication, analytical, negotiation and presentation skills

Must be proficient at MS Office products such as Excel, Access, Power BI and PowerPoint

Must have strong knowledge of portfolio management concepts and 'best practices' in risk management methods, i.e., value-at-risk and stress testing and in the use of advanced quantitative techniques, such as, but not limited to, Monte Carlo simulation, optimization, stochastic processes, term structure modeling, and econometrics

Must have the ability to independently formulate and draft balanced, well-reasoned recommendations and to present such recommendations persuasively to senior management

Ability to work under stress and meet deadlines

Ability to operate a keyboard if required performing the essential job functions

Ability to read and interpret a document

Ability to travel if required to perform the essential job functions

Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions