Senior Vice President, Risk Officer

Torrington Savings Bank•Torrington, CT

About The Position

The Senior Vice President, Risk Officer is responsible for establishing and leading the institution’s comprehensive risk management strategy. This role provides enterprise-wide leadership across credit & operational risk management, compliance, and internal audit, ensuring that risk practices are adequately aligned with the institution’s strategic objectives, regulatory requirements, and risk appetite. The Senior Vice President, Risk Officer partners closely with executive leadership, business line heads, and the Board of Trustees to balance growth and profitability with strong risk discipline.

Requirements

Minimum bachelor’s degree or equivalent in financial- or risk-focused education.
10+ years of progressive leadership experience in risk management, including senior level experience in credit risk, operational risk, compliance, and/or audit.
Demonstrated ability to build and enhance a three lines-of-defense (3LOD) model, ensuring clarity of roles and effective independent challenge.
Strong background in policy governance, internal controls design, and control testing methodologies.
Possess a deep understanding of regulatory frameworks, internal controls, and governance structures.
Possess experience in interacting with federal and/or state regulators and Board of Directors or Trustees.
Possess the ability to work cross-functionally, collaborate effectively with other departments, and foster a culture of risk awareness across the organization.
Possess the ability to handle confidential information with professionalism and discretion.

Nice To Haves

Master’s degree or equivalent work experience preferred.

Responsibilities

Provide strategic oversight of the Bank’s enterprise and operational risk management framework, including risk assessments, internal controls, business continuity, vendor management, and policy governance, ensuring alignment with the Bank’s risk appetite and regulatory expectations.
Provide strategic oversight of the Bank’s credit risk function, including credit policies, underwriting standards, portfolio quality, and risk rating integrity, ensuring alignment with the Bank’s risk appetite and regulatory expectations.
Provide executive oversight of the compliance function, ensuring adherence to applicable laws, regulations, and internal policies. Oversee regulatory change management efforts and compliance training initiatives. Serve as a primary point of contact for state & federal examiners and regulatory agencies, on risk and compliance matters.
Provide executive oversight of the internal audit function to ensure the development and execution of a risk-based internal audit plan. Ensure that appropriate corrective action plans are developed and validation of issue resolution is performed.
Promote a strong risk-aware culture across the institution, including proactive risk identification and accountability.
Regularly report to the Board of Trustees and relevant committees (i.e., Management Risk Committee and Audit & Compliance Committee) by providing clear, transparent risk reporting, and independent insight.