What are the responsibilities and job description for the Chief Risk Officer position at GSB?
The Chief Risk Officer (CRO) will be responsible for overseeing the Bank's credit and risk management functions encompassing the entire organization. The CRO is charged with developing and implementing an effective risk management program that balances risk mitigation strategies with the Bank’s growth and service objectives. The incumbent is ultimately responsible for ensuring the Bank is in compliance with applicable laws and regulations. The CRO will prioritize resources and actions by risk exposure, audit and exam findings, applicable statutes, and regulations as well as Bank performance and needs for efficiency.The CRO will be a member of the Executive Management Committee as well as key contributor to the Management & Board level Loan Committee and Board Audit, Risk, & Compliance Committee. The CRO will serve as Chair of the Executive Risk Committee. In addition, the CRO will assist in the creation and implementation of the Bank’s Strategic Action Plan. As an Executive Leader of the Bank, the CRO is expected to enhance the Bank’s culture of Servant Leadership, specifically by demonstrating aligned leadership styles, client-centered focus, and holding others accountable.Oversight Includes : Bank Security & Incident ResponseCompliance with Bank Secrecy Act (BSA)Credit Risk Management (Credit Policy, Underwriting, Administration)Business Continuity ManagementAudit Program & FDICIA complianceEnterprise-wide compliance with laws and regulationsInsurance CoverageMajor Responsibilities : Oversight responsibility of the Senior Credit Risk Manager who has direct responsibility for the Bank’s loan credit risk portfolio, ensuring sound lending practices, compliance with credit policies, managing NPA’s, appropriate controls and procedures.Development and continuous improvement of credit risk management strategies, including the establishment of risk tolerance, data driven dashboards, and efficient reviews processes for monitoring the portfolio.Supervision of underwriting ensuring the process is comprehensive, accurate, efficient, and completed in a timely fashion.Accountability for Bank’s loan review and collection processes ensuring tasks are completed in an efficient and timely manner.Management of special assetsManagement of loan documentationEstablishment of individual and team performance benchmarks for credit analysts and other roles supervised.Oversight and management of the credit portfolio by analyzing portfolio performance, identifying emerging risks, and proactively recommending appropriate actions.Periodic stress testing and scenario analysis to evaluate potential impacts of various economic conditions on credit risk and overall portfolio health.Explore other loans and asset classes that meet Bank’s credit culture and risk tolerance.Leverage data and BI team to identify more data points that lead to a higher propensity for credit default.Provide input to CLO and CFO to enhance loan pricing methodology.Establish effective reporting mechanisms for the Board and Executive Management, providing insights on the quality and composition of the Bank's credit portfolio.Work with the CEO and the Board of Directors to set and adjust risk tolerance levels.Develop and maintain the Bank’s overall risk management strategy.Establish and maintain an effective risk governance structure.Lead the development and implementation of comprehensive risk management policies.Communicate risk management issues clearly to all stakeholders.Responsible for securing and maintaining appropriate insurance coverage for the Bank.Governs FDICIA controls.Regulatory Compliance : Ensure the Bank is in compliance with all relevant banking regulations.Work with Audit Risk & Compliance Board Committee to define internal & external scope.Oversee the coordination of internal & external audits, as well as state and federal exams.Stay up to date with changes in banking laws, regulations, and industry standards.Oversight responsibility for the Compliance Officer.Collaboration and Leadership : Work closely with members of Executive Management to align risk management strategies with business operations and goals.Serve as liaison to the Audit, Risk, and Compliance Committee (ARC).Ensure appropriate levels of reporting, guidance, and transparency are available.Advise and coordinate with consultants, management, and ARC.Provide leadership, mentorship, and professional development opportunities.Foster a risk-aware culture across the Bank.Demonstrates strong interpersonal and leadership skills.FUNCTIONS SUPERVISED : Credit Risk Management, Enterprise Risk Management, Compliance, Audit, BSA / OFAC, CIP, GLBA, Bank Security, Fraud, Insurance Protection, Vendor Management, Business Continuity, Privacy.POSITIONS SUPERVISED : Senior Credit Risk Manager, Compliance Officer, Security Investigator, Risk Management Specialist.EXPERIENCE : Ten to fifteen years in management functions of Credit, Compliance, Risk, or related experience.EDUCATION : A Bachelor’s Degree in Finance, Risk Management, Accounting, Business, or equivalent. A Master’s Degree in Business Administration, Risk Management, or equivalent is preferred.Seniority level ExecutiveEmployment type Full-timeJob function Finance and SalesBanking#J-18808-Ljbffr