Job Description

the client is seeking a Chief Risk Officer for the Philadelphia, PA area. This role provides enterprise-wide leadership and oversight of the organization’s risk management framework, including appetite, policies, programs, processes, personnel, reporting, and systems used to manage and monitor risk exposure arising from banking and financial services activities. The Chief Risk Officer will direct and administer risk management activities aligned with the goals and objectives established by the CEO and the Board of Directors, and will serve as the primary liaison between management and a Board committee. Key responsibilities include ensuring that business units effectively identify, measure, monitor, and control a broad range of risks, including credit, interest rate, liquidity, price, operational, compliance, strategic, and reputation risks tied to products, services, and activities. The role will integrate risk management into strategic goal setting and business planning, review third-party and independent risk-related reviews (such as external loan review, compliance, regulatory examination, stress test results, and related reporting), and establish and maintain a compliant enterprise-wide Risk Appetite Framework, Risk Assessment System, and risk management methodologies, tools, and techniques. The Chief Risk Officer will also implement an early warning or trigger system for breaches of risk appetite or limits, ensure required policies and procedures meet legal, regulatory, and contractual requirements, and translate strategic goals into business and performance measures for accountable business units. Additional responsibilities include contributing to business unit strategy by assessing current risk management policies and procedures and anticipated external changes, and managing end-to-end processes to assess, identify, monitor, and reduce business risks that may impede organizational objectives while minimizing duplication and maximizing efficiency. The role will develop and implement plans to support the infrastructure of risk management systems, processes, and people, and will direct assigned staff in executing a risk-based plan for internal reviews, compliance reviews, loan reviews, internal audits, and fraud investigations. The Chief Risk Officer will consult with management on emerging issues through clear and timely communications, and participate in relevant governance and regulatory meetings as required; qualifications include a bachelor’s degree in business, accounting, finance, or related experience.

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