Essential Duties and Responsibilities - Risk Management:
- Accountable for the execution and continued enhancement of the Company’s enterprise risk management framework, including its risk appetite statement, and related processes to achieve its short term and long term strategic, financial and operational goals.
- Develops a deep understanding of, and assists in informing, the Company’s business strategies and related policies, processes, and controls based upon its established risk appetite.
- Helps further the Company’s culture of risk, serving as the primary risk liaison with its Board of Directors via the Risk Committee and with the Company’s executive management. Leads and provides key insights and direction to the management-level Risk Oversight Committee. Participates in various other management-level committees to provide risk-based perspectives and input.
- Effectively communicates, monitors and regularly reports on the Company’s risk levels for identified risk pillars. Ensures the Company's risk management controls, thresholds, metrics, policies and procedures are in compliance with applicable regulations, best practices, industry norms and align with the Company’s business strategies and initiatives.
- Develops and enhances risk management-related infrastructure, including policies, processes, procedures and documentation to continue supporting the Company’s growth and decision-making.
- Serves as a liaison with regulators in connection with risk management-related exams. Assists in responding to, and implementing, exam recommendations and findings.
- Oversees the Company-wide risk assessment to identify and measure current and forward-looking enterprise risks.
- Oversees various second line departments responsible for assisting in the management of certain risks, including, those responsible for enterprise risk management, model risk management, fraud and corporate security, emergency preparedness, business continuity planning, loan review, and BSA/AML compliance.
Essential Duties and Responsibilities - Compliance:
- Ensure that an effective compliance risk management program is established that is appropriate for the size and complexity of the Bank’s business practices and objectives
- Foster a positive compliance culture, protecting the brand and integrity of the firm
- Manage regulatory examinations and respond to regulatory inquiries
- Maintain current knowledge regarding regulatory issues, rules proposals, guidance etc.
- Advise the Firm regarding compliant business practices
- Conduct Firm reviews and mock examinations
- Deliver annual compliance meetings
- Develop and manage professional relationships with regulatory personnel
- Provide monthly and ad-hoc reporting including monthly metric / status reports and escalate any breaches to internal and/or external parties
- Provide strategic oversight of the Compliance Program and create an annual compliance plan
- Promote early detection of compliance risk issues
- Identify significant compliance risks
- Encourage the Business Lines to implement, when feasible, strong preventive compliance controls in collaboration with 1st line and 2nd line of risk colleagues
- Promote efficient compliance risk mitigation processes
- Assess the Bank’s compliance risk exposure and provide ongoing reporting on the level and direction of that risk
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Strong knowledge of Federal and state banking regulations pertaining to risk management, auditing, regulatory reporting and compliance
- Excellent verbal and written communication and interpersonal skills
- Demonstrated persistence and willingness to take calculated risks
- Exceptional analytical and reasoning skills
- Willingness and ability to accept responsibility and possesses the desire and capability of motivating and directing the activities of others
- Demonstrates effective organizational and planning skills and the ability to successfully guide projects through to completion
- Strategic thinker with the ability to translate strategies into risk management tactical objectives and projects
- Strong initiative and decision-making abilities, with the ability to advance the strategic planning, direction, and goal setting for the company in collaboration with senior management.
- Ability to successfully build strong working relationships and interact with associates and management at all levels of the organization
- Ability to effectively challenge management responses when necessary and resolve issues in the best interest of the company
- Ability to establish to departmental policies, practices, and procedures that have a significant impact on the organization
Education and Experience:
- BA/BS degree in Risk Management, Finance or Business.
- 15 years of financial institution management experience, focused on risk management, legal, compliance and/or internal audit, with increasing responsibilities for multi-faceted direction and planning
- Minimum ten years management experience
- Experience partnering with executive management
- Experience developing and/or overseeing risk management for financial institutions with assets size exceeding $10 billion preferred
Position Type:
This position is a full-time, exempt position. Typical work hours are Monday through Friday, 8:00am to 5:00pm.
Travel:
Some travel between Third Coast Bank offices may be required.
Work Environment:
This job operates in a professional office environment. This position uses office equipment such as computers, phones, copy and fax machines, calculators, filing cabinets and printers.
Physical Demands:
This position will be responsible for writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.
Mental Demands:
The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.
