Chief Risk Officer Job at Midstates Executive Solutions, Minneapolis, MN

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  • Midstates Executive Solutions
  • Minneapolis, MN

Job Description

Job Description

Job Description

Position Summary/Purpose:

This Chief Risk Officer/EVP is responsible to lead and oversee the Banks risk management function. This executive-level

role has overall accountability for safeguarding the Banks operations, reputation, and regulatory standing by developing

and executing a comprehensive risk strategy, establishing controls, and auditing and reporting on the principal areas of

risk in the company. The CRO will oversee key risk functions including regulatory compliance, anti-money laundering

(AML), vendor risk management, and information security, data security, BSA, Credit Review, IRR and all operational and

internal audit risks. This leadership position in conjunction with executive management will design policies and

frameworks to protect the organization from emerging risks as well as meet all regulatory requirements of the Bank.

Duties and Responsibilities:

1. Develop and execute a comprehensive risk management framework aligned with the Banks strategic goals and

risk appetite.

2. Develop structured processes to identify, assess and manage risks across the organization.

3. Identify and advise executive leadership and the audit committee on emerging risks and mitigation strategies.

4. Communicate key risk areas and mitigation plans to leadership and regulatory authorities.

5. Ensure the Bank is in compliance with all applicable federal and state banking regulations; and continuously

enhance compliance policies and procedures.

6. Oversee the BSA/AML program, including transaction monitoring, suspicious activity reporting, and customer

due diligence, with enhanced controls tailored to the Banks risk tolerance.

7. Provide strategic oversight of the Banks information security programs in collaboration with the Chief

Information Officer, IT department and Chief Security Officer.

8. Oversee cross-functional risk management teams spanning internal audit, compliance, security, Community

Reinvestment Act and fraud.

9. Promote a culture of risk awareness across all levels of the organization, ensuring risk considerations are

embedded into daily operations and decision-making.

10. Contribute to strategic planning for the risk function, represent the Bank before legislative and state entities,

and oversee the preparation of materials for all audit and regulatory requirements.

11. Serve as a member of the Executive leadership team, Funds Management Committee, Technology Steering

Committee and Audit Committee, sharing functional expertise and guidance on decision-making issues affecting

the bank.

12. Promote organization-wide understanding of risks and risk management strategies.

13. Performs other duties as assigned

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