Title: Chief Risk Officer (CRO)

Compensation: $180K - $230K salary, plus bonus and stock option

Location: Minnetonka (hybrid)

About The Job:

Lakeside HR Group has been engaged by our client to recruit a Chief Risk Officer to join their executive leadership team. This organization is a well-established, community-focused bank with a strong commitment to sound governance, regulatory excellence, and long-term stability.

This is a senior executive role responsible for building, leading, and continuously strengthening the enterprise-wide risk management function.

The CRO will partner closely with executive leadership and the board to ensure the organization operates within its risk appetite while remaining compliant, resilient, and well-positioned for future growth.

Key Responsibilities:

Lead and execute a comprehensive enterprise risk management framework aligned with Bank’s strategy and risk appetite
Identify, assess, monitor, and mitigate operational, regulatory, financial, and strategic risks across the organization
Advise executive leadership and the audit committee on emerging risks and recommended mitigation strategies
Ensure compliance with all applicable federal and state banking regulations; continuously enhance policies and controls
Provide oversight of BSA/AML programs, including transaction monitoring, suspicious activity reporting, and customer due diligence
Partner with technology and information security leaders to oversee information security, data security, and vendor risk programs
Oversee cross-functional risk-related teams including compliance, internal audit, credit review, fraud, and related functions
Promote a strong, organization-wide culture of risk awareness and accountability
Represent the organization with regulators and external stakeholders; oversee preparation for audits and examinations
Contribute as a key member of executive leadership and board-level committees

Required Skills & Experience:

Bachelor’s degree in business, finance, or a related field
10+ years of progressive leadership experience in risk management, compliance, or related functions within the banking industry
Deep knowledge of banking regulations, compliance frameworks, and risk mitigation practices
Demonstrated experience leading managers and senior professionals
Strong strategic thinking, judgment, and decision-making skills in complex regulatory environments
Excellent written and verbal communication skills with the ability to engage effectively with executives, boards, and regulators

Preferred Qualifications:

Master’s degree in business, finance, or a related field
Advanced industry certifications (e.g., CRCM, CISA, CIA or similar)
Experience working directly with regulatory and governing authorities

Benefits:

Stock option
Comprehensive health, dental, and vision coverage
401K with employer contribution
Paid time off and holidays
Executive-level benefits and professional development opportunities

About Lakeside HR Group:

At Lakeside HR Group, we understand that finding the right job is essential for your career success. We are a boutique-style human resources consulting and recruiting firm dedicated to providing personalized, tailored solutions. When you partner with us, you are not just getting a recruiter; you are getting the entire Lakeside team working together to support your career goals.

Partner with us at Lakeside HR Group, where we are more than just a recruiting firm; we are your partners in achieving your career aspirations.

Lakeside HR Group

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Chief Risk Officer