Banterra Corp.
Director of Risk Management
Banterra Corp., Saint Louis, MO
HYBRID REMOTE MAY BE CONSIDERED FOR THIS POSITION, WITHIN CERTAIN MILEAGE OF BRANCH LOCATION. APPLICANT MUST BE LOCATED WITHIN 50 MILES OF BRANCH LOCATION.
SUMMARY
The Director of Risk Management plays a critical role in the organization, tasked with spearheading the implementation of a robust risk management framework and overseeing the bank's Enterprise Risk Management (ERM) program. This includes defining risk appetite and tolerance, coordinating risk assessments, identifying and prioritizing risks, and assigning risk owners. The Director also develops detailed risk reports for management to ensure informed, responsible decision-making.
The ideal candidate for this role should have a strong background in risk management, with proven experience in implementing and managing ERM programs. In addition to exceptional communication and leadership abilities, this Director should exhibit keen analytical skills, attention to detail, and the ability to think strategically. Knowledge of regulatory requirements and industry best practices is essential for success.
Overall, the Director of Risk Management significantly impacts the company by safeguarding its assets and reputation. Effective risk management ensures the Bank operates within its risk appetite, fostering a culture of risk awareness, contributing to the stability and resilience of the organization, and supporting long-term growth and success.
All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.
ESSENTIAL DUTIES
EDUCATION & CERTIFICATIONS
MINIMUM REQUIREMENTS
ADDITIONAL QUALIFICATIONS
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.
NOTE
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently.
Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others.
The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.
The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations and other laws/regulations as applicable.
SUMMARY
The Director of Risk Management plays a critical role in the organization, tasked with spearheading the implementation of a robust risk management framework and overseeing the bank's Enterprise Risk Management (ERM) program. This includes defining risk appetite and tolerance, coordinating risk assessments, identifying and prioritizing risks, and assigning risk owners. The Director also develops detailed risk reports for management to ensure informed, responsible decision-making.
The ideal candidate for this role should have a strong background in risk management, with proven experience in implementing and managing ERM programs. In addition to exceptional communication and leadership abilities, this Director should exhibit keen analytical skills, attention to detail, and the ability to think strategically. Knowledge of regulatory requirements and industry best practices is essential for success.
Overall, the Director of Risk Management significantly impacts the company by safeguarding its assets and reputation. Effective risk management ensures the Bank operates within its risk appetite, fostering a culture of risk awareness, contributing to the stability and resilience of the organization, and supporting long-term growth and success.
All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.
ESSENTIAL DUTIES
- Work closely with the Senior Risk Officer (SRO) and partner with key department leaders to ensure that risks are identified and proactively managed to balance both risk and rewards of business lines.
- Contribute to and oversee the design, development and implementation of the ERM program, including risk management policies, procedures and standards, risk responses, and metrics, in line with the organizational strategic plan.
- Advise on approach and execution of risk assessments and mitigation planning.
- Participate in new activities with appropriate business and technology groups, making recommendations to enable timely, effective decisions regarding risks.
- Develop and implement risk assessment methodologies, models and systems founded on best practice principles.
- Provide support and training for risk management teams to perform risk assessments and develop risk response plans.
- Facilitate the identification of risks utilizing appropriate tools and techniques. Identify relevant risks at the strategic and operational levels, utilize appropriate tools and techniques, and stay informed of changes in the risk environment.
- Facilitate the assessment of identified risks, ensuring appropriate assessments in relation to severity ratings.
- Analyze reports and recommend appropriate follow-up actions.
- Develop and facilitate associate risk management awareness programs, risk response mitigation, and action plans.
- Periodically perform quality reviews to identify changes required to enhance the program effectiveness, expand capabilities and ensures risks are appropriately assessed, managed and escalated into the larger enterprise program.
- Contribute to senior management reports on risk management activities. Report all relevant ERM matters including findings, risk positions and recommendations to ERM Committee.
- Set performance goals, conduct regular performance evaluations, and provide consistent, constructive feedback to direct reports.
- Develop and maintain positive relationships with internal and external customers at all levels of the organization, collaborating with other departments as appropriate.
- Assist in the establishment of departmental budget, monitoring costs and providing input as needed.
- Assume responsibility for special projects and tasks as assigned.
EDUCATION & CERTIFICATIONS
- Bachelor's degree in Accounting, Finance, a related field, or a commensurate combination of education and experience required.
- A minimum of three years of experience in Banking, Finance, or a related field required.
MINIMUM REQUIREMENTS
- Demonstrated understanding of ethical business principles and practices with extensive knowledge of banking and related risk areas.
- An analytical mindset with exceptional problem-solving abilities.
- Ability to interpret various ratios and relationships inherent in common or specialized financial and data-driven reports.
- Successful project management and strategic planning experience with a substantial record of managing projects, setting goals, developing timelines, and monitoring progress.
- Leadership experience and the ability to manage a team of direct reports.
- Excellent communication skills and the ability to communicate effectively, verbally and in writing, with internal and external customers at all levels.
- A positive and proactive approach to work, demonstrating enthusiasm, adaptability, and the ability to maintain composure and professionalism in stressful or adverse conditions.
- Confident decision-making abilities and the skill to use sound judgment about the timing of choices; particularly the ability to make informed, responsible decisions with limited information or under considerable amounts of stress.
- Strong critical-thinking skills and the ability to analyze potential project outcomes with the adaptability to redirect attention as needed to meet targets and deadlines.
- Ability to complete standard calculations and apply basic mathematical concepts in practical situations.
- Proficient computer literacy, including comfort with Microsoft systems and Office Suite.
- Intermediate typing skills to meet the needs of this position.
- Current driver's license and reliable transportation with appropriate insurance coverage; additionally, the ability to drive occasionally in the course of performing assigned duties and responsibilities.
- The ability to work with minimal or no supervision.
ADDITIONAL QUALIFICATIONS
- Master's degree in Accounting, Finance, or a related field preferred.
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.
NOTE
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents will possess the skills, aptitudes, and abilities to perform each duty proficiently.
Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others.
The requirements listed in this document are the minimum levels of knowledge, skills, or abilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.
The company is an Equal Opportunity Employer, drug-free workplace, and complies with ADA regulations and other laws/regulations as applicable.