Business Risk Officer, Sr

Old National Bank•Lake Elmo, MN

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Bachelor’s or master’s degree in marketing, Business Management, Operations, Finance, or related field.
10+ years of experience in financial services risk management, audit, compliance, operations, or marketing‑risk roles.
Strong understanding of risks associated with consumer banking, lending, servicing, or operations functions and customer communication.
Exceptional leadership, communication, and relationship management skills.
Proven ability to collaborate across diverse stakeholders and geographic regions.
Strategic, analytical thinker with strong execution discipline.
Highly organized project manager adept at navigating fast paced environments.
Innovative, adaptable, and comfortable influencing at senior levels.

Nice To Haves

5+ years of people leadership preferred.

Responsibilities

Serve as a risk advisor to business leaders, providing guidance on operational, regulatory, compliance, reputational, and strategic risks.
Partner with business teams to embed risk management into products, processes, initiatives, and customer experience.
Support risk‑informed decision‑making by balancing business objectives with strong control discipline.
Identify emerging risks across consumer banking/lending/servicing, small business banking/lending/servicing, and mortgage lending/servicing.
Lead and oversee Issue Management activities, including identification, documentation, remediation planning, execution tracking, and validation.
Support Operational Loss and Incident Management, including root cause analysis, impact assessment, and control enhancement.
Ensure timely escalation and communication of issues and incidents to appropriate stakeholders.
Provide risk oversight for Change Initiatives, including process changes, product enhancements, and strategic initiatives.
Participate in change impact assessments to identify risks, control gaps, and mitigation strategies.
Partner with Technology, Operations, and Business teams to ensure changes are well‑controlled and sustainable.
Lead and support Risk and Control Self‑Assessments (RCSA), control design testing, and ongoing control effectiveness monitoring.
Perform ad hoc risk assessments for new activities, vendor relationships, regulatory changes, or emerging risk scenarios.
Use influential communication to resolve conflicts and guide teams toward risk‑aligned, customer‑centric solutions.
Develop and maintain risk metrics, dashboards, and KRIs to support continuous monitoring.
Perform monitoring and analytics to identify trends in consumer banking/lending/servicing performance, customer complaints, reputational indicators, and control health.
Analyze trends, identify emerging risks, and recommend actions to strengthen the control environment.
Monitor evolving consumer banking/lending/servicing, artificial intelligence, data‑privacy, and first-line risk trends.
Partner with business leaders to mitigate risks surfaced through metrics and oversight activities.
Lead regulatory examinations and internal audits focused on customer communications, consumer banking governance, UDAAP, fair lending, and brand integrity.
Coordinate deliverables and act as liaison between business teams and control partners.
Support SOX, model governance, and other internal review processes as appropriate.
Act as a strong connector between the First Line of Defense, Second Line of Defense (Risk/Compliance), and Third Line of Defense (Audit).
Translate regulatory and risk expectations into clear, actionable business guidance.
Communicate effectively with stakeholders at all levels, including senior leadership.
Drive implementation and execution of Firstline risk programs including Third-party Risk, Operational Risk (RCSA), Regulatory Affairs, Business Resiliency, Corporate Governance, and Risk Appetite.