Senior Risk Manager

River Run Services•Haverhill, MA

1d•$118,720 - $172,150•Hybrid

About The Position

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust. The Senior Risk Manager is responsible for developing, implementing, and overseeing the Bank Secrecy Act (BSA), Community Reinvestment Act (CRA), and Compliance programs. This position serves as a key liaison with regulators, auditors, and internal stakeholders, providing guidance, training, and oversight to promote a strong culture of compliance across the organization. The e Senior Risk Manager is responsible for leading, coaching, and developing the Bank’s CRA Officer, BSA Officer, and Compliance Officer and their teams. This role features a hybrid work model that blends in-office collaboration three days a week with the flexibility to work from home two days a week.

Requirements

Bachelor’s degree or equivalent combination of education and experience.
Minimum 10 years of experience as a manager or senior participant in a bank BSA, CRA and Compliance Management Systems.
Prior experience presenting to senior management or bank Boards.
Demonstrated knowledge and expertise with all applicable banking regulations.
Demonstrated knowledge of branch and operational risk and Federal Deposit Insurance Corporation Improvement Act (FDICIA) control and other practices.
Strong technical writing skills.
Ability to self-direct necessary work and management activities.

Nice To Haves

Certified Regulatory Compliance Manager (CRCM)
Certified AML and Fraud Professional (CAFP). Designations desirable

Responsibilities

Lead, mentor, and develop CRA, BSA/AML, and Compliance functions.
Develop and execute compliance strategies aligned with the institution’s risk appetite and business objectives.
Contributes to the Enterprise Risk management program by providing relative metrics and statistics for BSA, Compliance and CRA risk.
Serve as a key advisor to executive management, Board of Directors, and Board committees on regulatory and compliance matters.
Advise executive management and business leaders on compliance risks associated with new products, services, and strategic initiatives.
Establish and maintain strong compliance culture across all lines of business.
Directs BSA, Compliance and CRA integration efforts for all mergers and acquisitions.
Ensure compliance with all applicable federal and state banking laws and regulations, including CRA, BSA/AML, OFAC, Fair Lending, and consumer protection laws.
Maintain effective regulatory change management processes and ensure timely implementation.
Direct the BSA/AML program, including risk assessments, customer due diligence (CDD/EDD), transaction monitoring, and SAR/CTR reporting.
Ensure compliance with OFAC sanctions requirements.
Oversee investigations, suspicious activity escalation, and law enforcement engagement as required.
Lead the CRA program to ensure compliance with regulatory expectations and alignment with community development goals.
Oversee CRA risk assessments, performance evaluations, data integrity, and reporting.
Develop and maintain relationships with community organizations, regulators, and internal stakeholders.
Oversee the design, implementation, and maintenance of a comprehensive Compliance Management System (CMS)
Ensure effective policies, procedures, monitoring, testing, and issue management processes.
Track, report, and remediate compliance issues, violations, and regulatory findings.
Set performance goals, manage budgets, and allocate resources effectively.
Foster collaboration across risk management, legal, audit, and business units
Provide regular reporting to executive management and the Board on compliance risk, trends, and key metrics.
Identify emerging risks and recommend proactive mitigation strategies.
Ensure accurate and timely management information and regulatory reporting.