Senior Risk Officer

at Banterra Bank in Marion, Illinois, United States

Job Description

SUMMARY
The Senior Risk Officer operates as a key leadership role in the company by guiding risk management functions. They are responsible for overseeing compliance and CRA, information security, fraud protection, and risk management.
This role requires a highly skilled professional with a deep understanding of the financial services industry and the ability to navigate complex regulatory environments. Additionally, the Senior Risk Officer should be a strong communicator with the ability to effectively communicate complex risk concepts to non-technical stakeholders.
The Senior Risk Officer will work closely with executive management to develop and implement risk management strategies that align with the organization's goals and objectives. By effectively identifying, assessing, and mitigating risks, they protect the company from potential financial losses, legal liabilities, reputational damage, and regulatory non-compliance. Their expertise enables the company to make informed decisions, pursue growth opportunities with confidence, and maintain a strong competitive position in the market.
All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cyber security, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

ESSENTIAL DUTIES
Oversee and manage compliance, Community Reinvestment Act (CRA), information security, fraud prevention, and risk management.
Develop and implement risk management strategies to identify, assess, and mitigate risks across the
Ensure compliance with regulatory requirements and industry best practices.
Collaborate with and build synergies across teams to drive mitigation efforts and optimize operational workflows.
Monitor key risk indicators (KRIs) and implement corrective actions as needed.
Provide strong leadership to the risk management team, fostering a culture of collaboration, innovation, and continuous improvement.
Mentor and develop team members, empowering them to achieve their full potential.
Set performance goals, conduct regular performance evaluations, and provide constructive feedback.
Foster a culture of risk awareness, accountability, and continuous improvement within the organization.
Develop and maintain strong relationships with internal stakeholders, external partners, and regulatory bodies.
Stay up to date on industry trends, emerging risks, and regulatory changes that may impact the organization.
Prepare reports and presentations for senior management and the Board of Directors, highlighting risk exposure, mitigation strategies, and key initiatives.
Ensure compliance with internal policies and regulatory requirements.
Implement fraud protection measures to safeguard against fraudulent activities.
Stay up to date with industry trends and changes in regulations to ensure the organization remains compliant.

EDUCATION & CERTIFICATIONS
Bachelor's degree in Finance, Business Administration, a related field, or a commensurate combination of education and experience required.
Demonstrable leadership experience in risk management or a related field required.

MINIMUM REQUIREMENTS
Strong knowledge of audit practices, compliance frameworks, CRA regulations, information security standards, fraud prevention techniques, and risk assessment methodologies.
High ethical standards and integrity in dealing with sensitive information and making risk-related decisions.
Proven track record of driving risk mitigation efforts and process improvements.
Excellent leadership skills with the ability to influence and drive change across the organization.
Strong analytical skills with the ability to identify and assess complex risks.
Ability to collaborate and work effectively with diverse teams and individuals across the organization.
Excellent communication skills and the ability to communicate effectively, verbally and in writing, with internal and external customers at all levels of the organization.
Strong problem-solving skills with the ability to develop innovative solutions to mitigate risks.
Flexibility and adaptability to navigate through changing business environments and evolving risk landscapes.
Strong organizational and time management skills to handle multiple tasks, prioritize work, and meet deadlines.
A positive and proactive approach to work, demonstrating enthusiasm, adaptability, and the ability to maintain composure and professionalism in stressful or adverse conditions.
Proficient computer literacy, including... For full info follow application link.

Banterra Bank is an Equal Opportunity/Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identify, age, disability, protected veteran status, or any other characteristics protected by law.