EVP, Chief Risk Officer

Location:  Los Angeles, CA

Job Code:  C4T62

The Chief Risk Officer is responsible for the efficient and effective governance of risks, as identified and articulated by the Board approved risk appetite and risk tolerance objectives and risk related policies. The Chief Risk Officer is also responsible for the development and monitoring of the Bancorp, Inc. and the Bank, its sole subsidiary, Enterprise Risk Management Program. This includes program development, oversight and verification of adherence to the program to ensure timely identification and resolution of Bank’s risks across the organization.

The Chief Risk Officer will partner with the business leadership team to identify and consider relevant risks in the development of the strategic vision, and promote the balance of both the risk and rewards of the business. The Chief Risk Officer ensures compliance with established Bank policies and procedures. The Chief Risk Officer is also responsible for overseeing the Compliance Department and BSA Department and Information Security and Vendor Management.

POSITION RESPONSIBILITIES

• Implements appropriate/meaningful risk reporting to senior management and board of directors (entity level internal control risk assessment, quarterly risk assessment, key risk indicators, emerging risks, etc.)
• Oversees the development of and implementation of the enterprise risk management program and appropriate infrastructure with the expertise of the CFO
• Provides support and guidance regarding enterprise risk management strategy, initiative, training, risk management activities, policies, procedures, process, and reporting.
• Facilitates management’s development of appropriate risk appetite profile and risk appetite statement and monitors alignment of Strategic Plan to limits established in the risk appetite statement with the expertise of the CFO
• Collaborates in the development of and communication of the use of appropriate risk management methodologies, tools and techniques (internal control documentation, risk policies and procedures, risk assessments, training, etc.) in collaboration with the CFO
• Coordinates with Chief Financial Officer in the continued compliance with Sarbanes-Oxley (SOX) or FDICIA; prepare the annual internal control risk assessment used to identify key controls to be tested; coordinates and performs the various management tests required for COSO 2013 and SOX compliance.
• Oversees the regulatory compliance management functions (including consumer compliance, CRA and BSA) and coordinate and develop plans to implement laws and regulations; ensures all areas of the Bank receive sufficient education, training, testing and monitoring to ensure compliance with laws and regulations.
• Oversees Information Security and Vendor Management through direct report: SVP, Information Security/Information Security Officer
• Interfaces with bank regulators as the Bank’s primary contact person for all regulatory examinations; responsible for responding to and following up on any examination findings; reports to senior management and board of directors on progress of remediation activities
• Performs all other duties as assigned by CEO

SKILLS / QUALIFICATIONS

Core Competencies for this role include, but are not limited to the following:

Exhibit a high level of ethical behavior and sound independent judgment.  Ability to make decisions and initiate actions in a timely manner.  Leading and supervising a diverse group of bank professionals.  Adhering to principles and values and analyzing data and trends.  Formulating strategies and concepts.

• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
• Proficient skills in computer terminal and personal computer operation; word processing and spreadsheet software programs. Functional knowledge of mainframe computer system.
• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze and interpret documents and professional journals, understand procedures, write reports, correspondence and procedures, speak clearly to customers and employees.
• Thorough understanding of management procedures; ability to plan department or Bank activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Bank activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work with no supervision while performing duties.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

EDUCATION / EXPERIENCE

These specifications are general guidelines for the minimum experience normally considered essential to the satisfactory performance of this position.

• Bachelor’s degree from an accredited university. Advanced degree desired.
• Minimum of ten years of banking or risk management related experience and/or training.
• Advanced knowledge of Bank operations and lending products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Experience, knowledge and training in progressively responsible information technology department operations, management and supervisory activities.

Estimated salary range:  $250K to $300K+ (DOE) plus annual bonus and (possible signing bonus), medical, dental, vision, life, 401K, vacation

Email your resume in MS/Word format to Guyot@Bankers-Search.com

 Or contact Keith Guyot at (310) 823-1400