Bank Risk Manager

American Bank of Commerce•Wolfforth, TX

About The Position

The Risk Manager will directly oversee the completion of risk assessments, work with business unit owners to manage risk inventories and controls, and ensure the independent validation of reporting within our financial institution. This position will also oversee the fraud department to guarantee that the organization effectively identifies, evaluates, and mitigates risk and fraud-related activities. The ideal candidate will possess a robust background in risk management and fraud prevention, alongside strong analytical and leadership skills.

Requirements

A Bachelor’s degree in Finance, Risk Management, Business Administration, or a related field; or relevant professional certifications (e.g., Certified Risk Management Professional, etc.)
A minimum of [2] years of experience in risk management (credit, operational, financial, etc.) within a financial institution.
A strong understanding of risk management principles, regulatory requirements, and fraud prevention techniques.
Excellent analytical skills with the ability to assess complex data and derive actionable insights.
Strong leadership and communication skills, with the capacity to present findings and recommendations to various stakeholders effectively.
Proficient organizational and project management abilities, with attention to detail and a commitment to accuracy.
Familiarity with risk management software and tools, as well as proficiency in the Microsoft Office Suite.

Responsibilities

Risk Assessments : Lead the execution of comprehensive risk assessments throughout all business units, identifying potential risks and evaluating their impact on the organization.
Management of Risk Inventories: Develop and maintain detailed key risk indicators that document existing risks, mitigation strategies (controls), and their effectiveness.
Data Analysis and Reporting: Analyze risk and fraud-related data to identify trends and patterns, providing insights and recommendations for enhanced risk management practices to senior management.
Collaboration and Coordination : Collaborate closely with compliance, audit, and operational teams to foster a holistic risk management approach and ensure that all aspects of risk are appropriately addressed.
Regulatory Compliance: Remain informed about changes in regulations and industry best practices to ensure the organization maintains compliance and adapts to emerging risks and threats.
Validation of Reporting: Oversee the accuracy and reliability of independent validation processes, in accordance with regulatory and internal requirements for system and customer record changes.
Leadership of the Fraud Department : Directly supervise the fraud department manager, provide guidance for the identification, investigation, and resolution of fraudulent activities, and the implementation of preventive measures.
Continuous Improvement: Monitor and refine risk assessment and fraud management processes to ensure that they remain effective and efficient in a changing environment.