What are the responsibilities and job description for the Commercial Risk Officer position at Associated Banc-Corp?
At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.
Due to work requirements, candidates must be located within 40 miles of Green Bay Main office or Milwaukee River Center or Minneapolis 45 7th.)
This position is accountable for the strategy, oversight, and management of the first line of defense business line risk activities within the commercial business units, in adherence with the company's risk strategy. The scope of this position, referred to as Commercial is comprised of the following business lines and segments : Specialized Industries and Capital Markets business line; Corporate and Commercial Banking business line; Commercial Real Estate business line; and Commercial Product Development segment.
The Commercial Risk Officer is responsible for staying current with regulatory expectations and industry trends, ensuring compliance with those expectations, and business line audits and regulatory exams. Additionally, the Commercial Risk Officer ensures effective communication among the Commercial business units, Corporate Risk team, and other constituents (e.g., ELT, Board of Directors, Internal Audit and regulators). The Commercial Risk Officer reports to the executive in charge of specialized industries and capital markets with a dotted-line reporting relationship to the Chief Risk Officer and will partner closely with the Head of Commercial and Corporate Banking, Head of Commercial Real Estate and Facilities, and Chief Product & Marketing Officer.
This position participates in Commercial strategy discussions and provides input to promote an environment of risk awareness and risk ownership. This role will build and develop collaborative partnerships with senior management across multiple lines of business and internal departments, Corporate Risk program leaders, and other stakeholders to enhance business line risk capabilities.
This role will manage recruitment, training, and development for a team of colleagues within the business unit.
Strategic Alignment :
- Lead the development of the Commercial risk strategy, aligning with Corporate Risk framework goals and regulatory expectations.
- Serve as the senior risk advisor to the Commercial executive teams, providing strategic guidance on risk-related matters across all departments within the Commercial business units.
- Oversee the design and implementation of the risk management framework for Commercial alignment with Heightened Standards.
- Finalize scope and strategy surrounding risk management to Heightened Standards within the first line of defense consistent with our enterprise-wide risk strategy.
- Drive detailed development and execution of a plan to fully staff and institutionalize (through processes and artifacts) the first line of defense Heightened Standards strategy.
- Establish and maintain risk governance structures, including participation within necessary risk committees and escalation protocols.
- Effectively communicate first line of defense Heightened Standards strategy, progress / results, and risks to all key constituencies : first line of defense leadership and colleagues; Corporate Risk; Auditors; Board of Directors, Executive Leadership; and regulators.
- Maintain strong yet independent relationships among first line of defense (including Executive Leadership) and other lines of defense.
- Supports Commercial risk and compliance training, updates and presentation materials.
Oversight :
Leadership :
Required Education : Bachelor's Degree or equivalent combination of education and experience Business, Finance, or related field
Preferred Education : Master's Degree Business, Finance or related field
Required Work Experience : 12 years in Banking or Financial Services with increasing levels of authority; specific experience in :
Preferred Work Experience :
In addition to core traditional benefits, we take pride in offering benefits for every stage of life.
Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversity-focusedColleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.
Personal banking, loan, investmentand insurance benefits.
Associated Bank serves more than 120 communities throughout Wisconsin, Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Bank's anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contactleavesandaccommodations@associatedbank.comif you need an accommodation at any time during the process.
Associated Banc-Corp is an Affirmative Action andEqual Opportunity Employer. Associated Banc-Corp participates in the E-Verify Program. E-Verify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.
Associated Bank isPay Transparencycompliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.
140,630.00 - $241,080.00
Salary : $140,630 - $241,080