Deputy Chief Risk Officer

Investar Bank•Baton Rouge, LA

About The Position

Supports the Chief Risk Officer (CRO) by managing enterprise-wide risk, overseeing risk frameworks, developing policies, monitoring Key Risk Indicators, reporting to Board and Management, and implementing strategies that align with Investar Banks risk appetite to achieve strategic goals. The Deputy Chief Risk Officer often acts as the Chief Risk Officers second in command. Job Responsibilities Supports CRO in tactical and strategic management of the Enterprise Risk Management (ERM) Program.Coordinates the development or revisions of policies, procedures and agreements to ensure compliance with regulatory processes, ensuring that deviations from policy are corrected and reported.Supports areas of responsibility with regulatory management activities including exam readiness processes, exam preparation, evidence management and regulatory communicationsSupports the CRO in establishing and continuously maturing the company's Enterprise Risk Management Program strategy, programs, functions, processes, staffing models, strategic roadmaps and other related program management functions.Works closely with business units to design and implement risk mitigation strategies and controls to reduce the likelihood of identified risks.Drives technology and innovations to support risk and compliance reporting enhancements and efficiencies.Supports the CRO in directing the company's annual Risk Assessment Program that includes conducting annual risk assessments, executive risk reporting, risk appetite development with the Board of Directors, risk mitigation strategy development and ongoing risk monitoring through Key Risk Indicator (KRI) development and reporting.Monitors and reports on a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the risk management department to have a comprehensive understanding of risk positions, market conditions and the impact of new initiatives.Manages and supports various enterprise risk programs, including Model Risk Management, Third Party Risk Management, Data Governance, and Business Continuity/Disaster Recovery.Develops methods to quantify and measure various types of risks and use these quantitative models and tools to estimate potential losses and assess risk exposures.Stays current with regulatory requirements and ensure Investar Bank's risk management practices align with the applicable laws and regulations.Acts as second-in-command to the Chief Risk Officer, functioning as a Chief Risk Officer for the company when that authority is delegated.All other duties as assigned.

Requirements

Bachelors degree in a related field or equivalent combination of coursework and work experience.
Minimum of 7+ years progressive experience in risk management, analysis and regulatory practice within banking or the financial services industry.
Must possess strong communication, analytical, negotiation and presentation skills.
Must be proficient at MS Office products such as Excel, Access, Power BI and PowerPoint
Must have strong knowledge of portfolio management concepts and best practices in riskmanagement methods, i.e., value-at-risk and stress testing and in the use of advanced quantitative techniques, such as, but not limited to, Monte Carlo simulation, optimization, stochastic processes, term structure modeling, and econometrics.
Must have the ability to independently formulate and draft balanced, well-reasoned recommendations and to present such recommendations persuasively to senior management.
Ability to work under stress and meet deadlines.
Ability to operate a keyboard if required performing the essential job functions.
Ability to read and interpret a document.
Ability to travel if required to perform the essential job functions.
Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions.

Nice To Haves

OCC Regulatory or Financial Services Consulting experience desired
MBA or other professional certifications such as FRM, PRM or CRCM are encouraged

Responsibilities

Supports CRO in tactical and strategic management of the Enterprise Risk Management (ERM) Program.
Coordinates the development or revisions of policies, procedures and agreements to ensure compliance with regulatory processes, ensuring that deviations from policy are corrected and reported.
Supports areas of responsibility with regulatory management activities including exam readiness processes, exam preparation, evidence management and regulatory communications
Supports the CRO in establishing and continuously maturing the company's Enterprise Risk Management Program strategy, programs, functions, processes, staffing models, strategic roadmaps and other related program management functions.
Works closely with business units to design and implement risk mitigation strategies and controls to reduce the likelihood of identified risks.
Drives technology and innovations to support risk and compliance reporting enhancements and efficiencies.
Supports the CRO in directing the company's annual Risk Assessment Program that includes conducting annual risk assessments, executive risk reporting, risk appetite development with the Board of Directors, risk mitigation strategy development and ongoing risk monitoring through Key Risk Indicator (KRI) development and reporting.
Monitors and reports on a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the risk management department to have a comprehensive understanding of risk positions, market conditions and the impact of new initiatives.
Manages and supports various enterprise risk programs, including Model Risk Management, Third Party Risk Management, Data Governance, and Business Continuity/Disaster Recovery.
Develops methods to quantify and measure various types of risks and use these quantitative models and tools to estimate potential losses and assess risk exposures.
Stays current with regulatory requirements and ensure Investar Bank's risk management practices align with the applicable laws and regulations.
Acts as second-in-command to the Chief Risk Officer, functioning as a Chief Risk Officer for the company when that authority is delegated.
All other duties as assigned.