Kennebunk Savings
123 - Chief Risk Officer
Kennebunk Savings, Kennebunk, Maine, us, 04043
Kennebunk Savings operates on the shared belief that Helping One Another Is the Right Thing To Do.Our Core Values – Trust, Integrity, Proactive and Empathy provide the guide posts for how we support that belief. They guide our day to day actions – from the way we build relationships, to how we make decisions and problem solve, to how we interact with one another. Our Core Values form the foundation of our culture. Embodying them forms the basis of what makes for a successful employee at Kennebunk Savings.
Scope of Work:The Chief Risk Officer (“CRO”) is responsible for the organization’s enterprise-wide risk management program. As a member of the Bank’s senior management team, the incumbent shall ensure that risk management is properly considered and prioritized across all internal control structures, including but not limited to lending, compliance, operations, technology, finance and corporate audit. The CRO’s role is to anticipate or identify risks inherent in existing and proposed corporate strategies and practices thereby ensuring financial and regulatory soundness and stability of the institution. The CRO will balance the need for effective risk management with the needs of the marketplace, ensuring the risk management program properly mitigates risk but does not stand as an obstacle to fulfilling the Bank’s commitment to its customers and communities.
Essential Functions:Oversight of the Bank’s enterprise-wide risk management programManage enterprise risk in accordance with the Bank’s risk tolerances and profile, as established by the Board of Directors and senior managementEnsure appropriate risk management practices are being undertaken by business units and that all significant risks are being identified, quantified, and mitigated in a timely and effective mannerAdvise management and the Board of new or emerging risks, recommending prioritization and mitigation strategies consistent with the Bank’s business model and risk profileLiaison between bank management and the Board Audit, Risk, and Compliance CommitteeServe as senior management liaison to the Audit, Risk, and Compliance Committee (ARC), providing guidance and insight associated with the Bank’s risk management framework and enterprise-wide risk management programEnsure appropriate levels of reporting, guidance, and transparency are available to enable ARC to independently fulfill its Board-designated responsibilitiesAdvise and coordinate with consultants, management, and ARC to ensure the Bank maintains an appropriately scoped and executed set of audit programs, including internal audit, compliance review, external audit, and loan reviewSupervision and management of the Bank’s Risk Management functionEnsure the Bank’s risk appetite and profile are appropriately integrated into functions performed by the Risk Management departmentMaintain sufficient knowledge and expertise necessary to ensure appropriate oversight of the Bank’s credit risk program, AML/BSA program, compliance management system, and information security programEnsure Risk Management staff effectively advise and collaborate with business line functions, while upholding an appropriate level of independence consistent with the Bank’s risk appetite and profileManagement:Organizational Management – Develops and implements effective short and long-term strategies to address key issues and achieve organizational goalsPeople Management – Builds strategic relationships among teams, departments and business lines. Encourages others to seek innovative approaches to address problems and opportunities. Facilitates the implementation and acceptance of change within the workplaceFinancial Management – Develops and directs organizational financial and budget activities for maximum profitability.Other Duties & Responsibilities:Promotes the Kennebunk Savings Brand by recommending our products and services, supporting our community focus & commitment to being a premier employerUnderstands, supports and adheres to applicable organizational policies/procedures and state/federal regulationsConsistently emphasizes the importance of teamwork in the department and company at largeResponsible for keeping abreast of company news and informationResponsible for completing required training and policy reviewMay serve on various committeesWillingness to take on additional tasks and dutiesCertifications & Licenses Required:N/ADesired Knowledge, Skills & Abilities:Displays high level of regard for trust and confidentialityProficient in Microsoft Office ProductsDisplays strong written and verbal communication skillsDisplays strong organization skills and the ability to multi-task to meet established deadlinesDemonstrates a high level of accuracy and attention to detailEffectively uses analytical skills to solve technical, as well as, non-technical problemsPrior knowledge of regulations within the financial services industry is preferredAbility to adapt to changeDesired Job Experience:10+ years of risk management experience in a banking or finance related field10 years of increasingly responsible experience in management capacities within a financial institutionExperience in a professional, service focused and fast-paced environmentDesired Education:Bachelor’s Degree or advanced degree (e.g. MBA, JD, CPA) preferred, with a concentration in Finance or BusinessWorking Conditions & Minimum Physical Requirements:Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazardsDexterity of hands and fingers to operate a computer and other office equipmentLifting and moving of moderately heavy objects on occasionNormally seated for extended periods of timeExternal and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act, or Maine/New Hampshire Human Rights Commissions, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis.
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Scope of Work:The Chief Risk Officer (“CRO”) is responsible for the organization’s enterprise-wide risk management program. As a member of the Bank’s senior management team, the incumbent shall ensure that risk management is properly considered and prioritized across all internal control structures, including but not limited to lending, compliance, operations, technology, finance and corporate audit. The CRO’s role is to anticipate or identify risks inherent in existing and proposed corporate strategies and practices thereby ensuring financial and regulatory soundness and stability of the institution. The CRO will balance the need for effective risk management with the needs of the marketplace, ensuring the risk management program properly mitigates risk but does not stand as an obstacle to fulfilling the Bank’s commitment to its customers and communities.
Essential Functions:Oversight of the Bank’s enterprise-wide risk management programManage enterprise risk in accordance with the Bank’s risk tolerances and profile, as established by the Board of Directors and senior managementEnsure appropriate risk management practices are being undertaken by business units and that all significant risks are being identified, quantified, and mitigated in a timely and effective mannerAdvise management and the Board of new or emerging risks, recommending prioritization and mitigation strategies consistent with the Bank’s business model and risk profileLiaison between bank management and the Board Audit, Risk, and Compliance CommitteeServe as senior management liaison to the Audit, Risk, and Compliance Committee (ARC), providing guidance and insight associated with the Bank’s risk management framework and enterprise-wide risk management programEnsure appropriate levels of reporting, guidance, and transparency are available to enable ARC to independently fulfill its Board-designated responsibilitiesAdvise and coordinate with consultants, management, and ARC to ensure the Bank maintains an appropriately scoped and executed set of audit programs, including internal audit, compliance review, external audit, and loan reviewSupervision and management of the Bank’s Risk Management functionEnsure the Bank’s risk appetite and profile are appropriately integrated into functions performed by the Risk Management departmentMaintain sufficient knowledge and expertise necessary to ensure appropriate oversight of the Bank’s credit risk program, AML/BSA program, compliance management system, and information security programEnsure Risk Management staff effectively advise and collaborate with business line functions, while upholding an appropriate level of independence consistent with the Bank’s risk appetite and profileManagement:Organizational Management – Develops and implements effective short and long-term strategies to address key issues and achieve organizational goalsPeople Management – Builds strategic relationships among teams, departments and business lines. Encourages others to seek innovative approaches to address problems and opportunities. Facilitates the implementation and acceptance of change within the workplaceFinancial Management – Develops and directs organizational financial and budget activities for maximum profitability.Other Duties & Responsibilities:Promotes the Kennebunk Savings Brand by recommending our products and services, supporting our community focus & commitment to being a premier employerUnderstands, supports and adheres to applicable organizational policies/procedures and state/federal regulationsConsistently emphasizes the importance of teamwork in the department and company at largeResponsible for keeping abreast of company news and informationResponsible for completing required training and policy reviewMay serve on various committeesWillingness to take on additional tasks and dutiesCertifications & Licenses Required:N/ADesired Knowledge, Skills & Abilities:Displays high level of regard for trust and confidentialityProficient in Microsoft Office ProductsDisplays strong written and verbal communication skillsDisplays strong organization skills and the ability to multi-task to meet established deadlinesDemonstrates a high level of accuracy and attention to detailEffectively uses analytical skills to solve technical, as well as, non-technical problemsPrior knowledge of regulations within the financial services industry is preferredAbility to adapt to changeDesired Job Experience:10+ years of risk management experience in a banking or finance related field10 years of increasingly responsible experience in management capacities within a financial institutionExperience in a professional, service focused and fast-paced environmentDesired Education:Bachelor’s Degree or advanced degree (e.g. MBA, JD, CPA) preferred, with a concentration in Finance or BusinessWorking Conditions & Minimum Physical Requirements:Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazardsDexterity of hands and fingers to operate a computer and other office equipmentLifting and moving of moderately heavy objects on occasionNormally seated for extended periods of timeExternal and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act, or Maine/New Hampshire Human Rights Commissions, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis.
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