Job Description

OBJECTIVE:

The Risk Management Officer participates in identifying, measuring, mitigating, monitoring and reporting risks across the Bank.  The Risk Management Officer works directly with the Chief Risk Officer to build a culture of risk management in the organization, to develop risk mitigation strategies by entity, process and/or project and to accumulate, synthesize and report on risks to executive management and the Board of Directors.  The role includes responsibility for establishing risk procedures and routines to support the Bank’s risk methodology.

ESSENTIAL FUNCTIONS

The following is a list of essential functions, which may be subject to change at any time and without advance notice.  Management may assign new duties, reassign existing duties, or eliminate a function.

• Always Exceed Customer Expectations
• Responsible for leading a multi-unit team of Bank officers and for directly managing the Bank’s Compliance, Fair Banking and Community Reinvestment, and Risk Management Teams. People Management expectations including hiring, coaching, development, disciplinary and termination decisions; performance management, employee relations, and rewards and recognition activities.
• Maintain a deep understanding of the Bank’s strategy and align risk assessments with business units and functional objectives to promote consideration of risk from both an operational and strategic perspective.
• Support the Chief Risk Officer in the evolution, integration, and ongoing management of the Bank’s Enterprise Risk Management (ERM) Program.
• Enhance ERM policies, practices, and tools to analyze and report enterprise risks, and to manage risks according to the Bank’s established ERM framework and risk appetite.
• Develop and provide organizational ERM training and foster risk awareness through regular updates and integration with the existing GRC system.
• Partner with ERM liaisons to focus on the identification of the most significant risks that could affect their ability to achieve and realize their business strategy and objectives. Provide one-on-one training as necessary.
• Develop a risk profile and periodic reports for each risk unit, analyze risk information, and issue enterprise-level Board and Executive Management reports on a periodic basis.
• Proactively manage and advise Executive Management and the Board of Directors as to potential and emerging risks, assure objectives are achieved and disciplines are implemented to drive continuous improvement.
• Provide support to build risk awareness within the Bank, achieve growth targets and to protect the Bank from future exposure.
• Establish collaborative relationships with key business owners to assist in the development, assessment, and monitoring of mitigation plans for enterprise risks to ensure all risks are managed to an acceptable level.
• Drive the risk assessment process associated with strategic decisions and emerging risk across the enterprise to ensure enterprise risks are monitored as conditions change. Develop associated policies, programs, systems, and processes.
• Lead risk assessment sessions related to the key Bank products and projects in order to identify any project risks early in the process in order to minimize surprises and increase project efficiency.
• Provide key input into the Bank’s Management Enterprise Risk Committee as well as the Enterprise Risk Committee of the Board of Directors which oversees the ERM Program and ensures alignment with the Bank’s strategic objectives.
• Centralize the responsibility to measure, monitor and control risk from any actions by employees, customers, or due to other external factors.
• Responsible for authoring and reporting the Bank’s Compliance and Fair Lending Risk Assessments on at least an annual basis, as well as for drafting and reporting risk assessments relative to new and enhanced products and services.
• Develop, manage, and oversee of the Bank’s Vendor Management, Compliance Management, Complaint Management, Detective Controls, Fair and Responsible Banking, and Community Reinvestment Act (CRA) Programs.
• Comply with all regulatory requirements and corresponding Bank policies such as, but not limited to, BSA/AML, GLB/Privacy, Code of Ethics, and Identity Theft. Complete compliance training to ensure understanding of these requirements.
• Compliance with all regulatory requirements such as, but not limited to, BSA/AML, GLB/Privacy, Ethics for Bankers, and Pretext Calling and Identity Theft. Completion of Compliance Training to ensure understanding of these and other requirements, as outlined in the Bank’s core curriculum and this positions specific curriculum on Republic Bank University.
• Perform any other duties as assigned from time to time by the CRO.

REQUIREMENTS/QUALIFICATIONS

Education and Experience:

• Master’s degree in business-related field or juris doctorate (JD). Significant experience may offset the degree requirement.
• 10+ years of progressive risk management experience
• Experience in direct supervision of risk management staff
• Knowledge of analytical risk models, and the development of risk dashboards and associated metrics to identify and quantify organization risks and present actionable conclusions to executive management
• Risk management experience including acquaintance with risk management governance and controls
• Advanced knowledge of Banking regulations and requirements including, but not limited to fair lending rules and regulations, the Community Reinvestment Act, the Home Mortgage Disclosure Act, Regulation CC, Truth in Savings Act, Regulation E, Regulation L, Regulation O, Regulation U, RESPA, TILA, and the Bank Secrecy Act/OFAC.
• Strategic and tactical analysis, consultative, decision-making and communication skills.
• Proficiency in Microsoft Word and Excel is required
• Motivated self-starter and an active learner

Skills and Competencies:

• Proficient basic computer skills
• Excellent communications skills
• Excellent supervisory, management and mentoring skills
• Superior problem-solving skills
• Strategic and tactical analysis, consultative, and decision-making skills.
• Ability to perform job functions accurately and with attention to detail
• Ability to work independently
• Ability to multi-task in a fast-paced environment and remain organized
• Proven ability to remain open to new ideas and perspectives, as well as contribute innovative ideas.

WORKING CONDITIONS

• Traditional office environment with no unusual work conditions
• Travel outside of the local area may be expected.
• Travel within the Bank’s markets in PA, NJ, and NY will be expected.

PHYSICAL DEMANDS

Republic Bank promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees. Please contact Human Resources with questions regarding the physical demands of this position.

• Ability to travel within markets using reasonable modes of transportation considering efficiency, productivity, and cost
• Lifting/carrying up to 15 lbs.
• Manual dexterity for computer work
• Speaking, hearing and vision are required to perform all essential functions
• Occasionally stooping/kneeling / crouching / bending

We are proud to be an Equal Opportunity Employer. All qualified candidates receive consideration without regards to race, color, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

How to Apply

Job Types: Full-Time. Salaries: Not Disclosed.

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