Business Risk Officer

Old National Bank•Lake Elmo, MN

74d

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. We are currently seeking an experienced first-line risk manager to join our Business Risk Office. Reporting into the Business Risk Director, the ideal candidate for the Business Risk Officer, Sr role will have significant experience in Treasury Management, Payments, Commercial or Consumer Lending, Fulfillment, Operations and/or Servicing, as well as first, second or third line of defense risk management, and process and control evaluation, design, and implementation experience at large financial institutions. The selected candidate will have the opportunity to build out risk and control activities in the first line of defense. This newly created role will be pivotal in implementing risk frameworks, will serve as the first line of defense governance and control partner to executive leadership, and should be highly skilled at collaboration and influencing. As a Business Risk Officer, you will also serve in advisory capacity in the design and implementation of action plans, control enhancements and process design. This is currently an individual contributor role, although this may change in future.

Requirements

Bachelor's or Master's degree in Business Management, Operations Management, Finance or a related field.
Minimum of 10 years' experience in Banking or Financial Services risk management, audit, compliance, or operations
Minimum of 5 years' experience in people management
Excellent leadership, communication, and interpersonal skills.
Ability to work across cultural and geographic boundaries, adapting strategies to suit diverse markets.
Strategic and analytical thinker with a problem-solving mindset.
Strong organizational and project management skills.
Innovative, forward-thinking, and adaptable to change.
Skilled negotiator and relationship manager.
Comfortable in a fast-paced, evolving environment.

Responsibilities

First Line Process, Risk and Controls Leadership: Serve as subject matter expert on and/or lead various Segment committees and provide advisory guidance to Segment Business Leadership team. Proactively identify risk exposures and control gaps. Lead the processes for identification and assessment of risks and controls for the Segment, including for new business and/or product initiatives.
Process Optimization and Control Enhancement: Establish and maintain processes to identify, quantify and prioritize opportunities for process improvement and internal control enhancements across the Segment.
Cross-Functional Collaboration: Work closely with other departments (such as Risk, IT, Sales, and Customer Service) to align risk management strategies with effective delivery models. Resolve conflicts quickly through proactive communication and influential leadership.
Market Intelligence: Stay informed about risk management and first line of defense trends and, adapt strategies to maintain competitive advantage
Compliance: Lead regulatory and compliance examinations and internal audits, including coordination of tasks and deliverables amongst risk and business line team members. Facilitate other internal reviews, including SOX certification.
Manage by metrics: Perform risk-based monitoring and analytics, and work with Segment Business Leaders to address any issues identified
Change Management: Provide implementation and execution of first line risk management programs, including Regulatory Affairs, Third Party Risk Management, Operational Risk Management (RCSA), Business Resiliency, Corporate Governance, Model Risk Management, and Risk Appetite. Facilitate updates to applicable policies, procedures and training, and communicate changes to impacted team members.

Benefits

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

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