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Chief Risk Officer

Expired Job

Commercial Bank Of California Irvine , CA 92606

Posted 2 months ago

JOB SUMMARY

The Chief Risk Officer is a business supportive and risk disciplined individual who provides oversight to the enterprise-wide risk management (ERM) strategy and framework that effectively translates the risk appetite framework into informed decision-making practices that support Commercial Bank of Californias unique business model and strategic plan.

PRIMARY FUNCTIONS

  • Under the direction and supervision of the President/CEO and the Board of Directors, this position will be responsible for executing the risk and governance program of the Bank by performing the following functions

  • Lead and manage Commercial Bank of Californias team of dedicated risk and compliance professionals

  • Monitor and report on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile

  • Develop and maintain a trustworthy, respectful working relationship with the Audit Committee of the Board of Directors and the Board of Directors as a whole

  • Implement and maintain a sound enterprise-wide integrated risk management governance framework

  • Oversee and develop a comprehensive process for assessing, identifying, monitoring, effectively managing and reporting pertinent business risks that could interfere with the Banks core purpose and ability to grow and develop its business lines

  • Oversee the risk management framework including credit, investment, market, operational and ethics and compliance risk, measuring risk and providing quantitative analytical support to the lines of business in risk measurement, modelling and reporting

  • Oversee and manage Anti-Money Laundering/Counter-Terrorist Financing control activity in all relevant business areas for the purposes of establishing a reasonable threshold level of control consistency

  • Identify known and emerging risks, measuring, monitoring and reporting on Commercial Bank of Californias risk profile to the Executive Leadership Team and the Board of Directors

  • Manage the design and implementation of compliance activities in all relevant areas of Bank operation

  • Facilitate the maintenance of risk corporate policies including credit and counterparty risk, market risk, operational risk, compliance, security and portfolio valuation, acceptable use, information security, physical security, business continuity planning, and limit breaches and escalation

  • Lead the facilitation, implementation and monitoring of effective risk management practices and ensure operating policies and procedures are complied with throughout the organization

  • Oversee Commercial Bank of Californias Stress Testing and Capital adequacy programs in compliance with regulatory requirements, ensuring that stress testing and capital utilization is embedded in decision-making processes

  • Advocate and support the culture of informed and prudent risk-taking, heighten awareness and use of advanced risk management practices through training programs and coaching

  • Establish a high level of trust and credibility by building and maintaining relationships with business partners and key stakeholders

  • Effectively lead team members to encourage maximum performance and dedication to cultural and strategic objectives of the Bank

  • Recognize the contributions of committed team members and their achievements

  • Be a role model and promote Commercial Bank of Californias organizational culture by creating a positive impact at every touchpoint with people, with every word you say or put in print and everything you do

  • Align your values with the Mission, Vision and Values of CBC

  • Perform other duties as may be asked or required

QUALIFICATIONS

Education/Training/Experience:

Required: Bachelors degree

Desirable: MBA, or other higher degree

Experience: Minimum of 10 years financial services experience in risk oversight roles covering credit, counterparty, investment, market, liquidity, capital and operational risk. With at least 5 years serving in a risk management or compliance role in a Bank.

Required Skills:

  • Strong business acumen garnered from extensive use of a post-secondary diploma or degree in business, finance, risk management or a related field

  • Risk Management professional certification would be an asset

  • Proven experience in implementing and managing Enterprise Risk Management strategy and governance, risk and compliance activities

  • Practical knowledge of consumer and commercial lending origination, portfolio management strategies, pension plan investments and capital markets including but not limited to money markets, securitization, fixed income and interest rate markets and associated risks

  • Strong people management skills with proven leadership abilities that motivate both direct and indirect teams to perform at their best

  • Ability to work within an environment that is entrepreneurial and innovative and be able to utilize a common-sense approach with sound judgement and provide clear direction

  • Strong understanding of regulatory requirements, expectations and business impacts

  • Demonstrated high level of integrity and trustworthiness

  • Superior communication, interpersonal and presentation skills with the ability to tailor your message to suit your audience

  • Desire to do the right things for the right reasons

  • Demonstrate being a true leader in every aspect of the word who consistently walks the talk and demonstrates an overly positive attitude

  • Ability and willingness to travel, as required

Licenses; Certificates; Special

Requirements:

CCRO, CRCMP, CRCP or other risk management certifications desirable, but not required


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Chief Risk Officer

Expired Job

Commercial Bank Of California