Chief Risk Officer

Minnwest Corporation•Minnetonka, MN

5h•Onsite

About The Position

This Chief Risk Officer/EVP is responsible to lead and oversee the Bank’s risk management function. This executive-level role has overall accountability for safeguarding the Bank’s 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.

Requirements

Bachelor's degree in business, finance or related fields
Proven experience in a senior leadership role within the banking industry, with at least 10 years of experience in risk management, compliance, or related focus areas
Compliance and Financial Risk Management
Governance, Risk and Compliance Software
Organizational and Operational Policy Development
Risk Assessment and Risk Mitigation
Excellent written and verbal communication skills enabling effective interaction with board members, customers, and all levels of employees
Demonstrated judgement and decision making while navigating complex regulatory and operational environments.
Strong analytical skills and the ability to make balanced, data-driven decisions with competing priorities
Ability to think strategically and foster high ethical standards in executing the bank’s purpose, mission, value and goals

Nice To Haves

Master's degree in business, finance or related field
Advanced industry certifications (CRCM, CISA, CIA, etc.)
Experience with regulatory and governing authorities

Responsibilities

Develop and execute a comprehensive risk management framework aligned with the Bank’s strategic goals and risk appetite.
Develop structured processes to identify, assess and manage risks across the organization.
Identify and advise executive leadership and the audit committee on emerging risks and mitigation strategies.
Communicate key risk areas and mitigation plans to leadership and regulatory authorities.
Ensure the Bank is in compliance with all applicable federal and state banking regulations; and continuously enhance compliance policies and procedures.
Oversee the BSA/AML program, including transaction monitoring, suspicious activity reporting, and customer due diligence, with enhanced controls tailored to the Bank’s risk tolerance.
Provide strategic oversight of the Bank’s information security programs in collaboration with the Chief Information Officer, IT department and Chief Security Officer.
Oversee cross-functional risk management teams spanning internal audit, compliance, security, Community Reinvestment Act and fraud.
Promote a culture of risk awareness across all levels of the organization, ensuring risk considerations are embedded into daily operations and decision-making.
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.
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.
Promote organization-wide understanding of risks and risk management strategies.

Benefits

Comprehensive Medical, Vision and Dental Insurance
Retirement savings including 401(k) with Employer Match and Employee Stock Ownership Plan (ESOP)
Paid Holidays and Competitive Paid Vacation Days
Paid Parental Leave
Short- and Long-Term Disability
Life, Critical Illness, and Accidental Insurance
Tuition Reimbursement and Career Development Opportunities
Employee Assistance Program (EAP)
Paid Time Off to volunteer in your community
Opportunities to connect with others through our diversity and inclusion focused Employee Resource Group