About Minnwest: Minnwest is a family owned, community bank based in Minnesota and South Dakota. We believe our success is measured by the extent in which we have a positive impact on the communities we serve. We are committed to building strong, vibrant communities through our core values:

The customer is the first priority.
We will keep all of the commitments we make.
We are the people who get things done.
We will work together as a team.

Job Summary: This Chief Risk Officer/EVP is responsible to lead and oversee the Bank’s risk management function. This executive-level role has overall accountability for safeguarding the Bank’s operations, reputation, and regulatory standing by developing and executing a comprehensive risk strategy, establishing controls, and auditing and reporting on the principal areas of risk in the company. The CRO will oversee key risk functions including regulatory compliance, anti-money laundering (AML), vendor risk management, and information security, data security, BSA, Credit Review, IRR and all operational and internal audit risks. This leadership position in conjunction with executive management will design policies and frameworks to protect the organization from emerging risks as well as meet all regulatory requirements of the Bank.

Duties and Responsibilities (including but not limited to):

Develop and execute a comprehensive risk management framework aligned with the Bank’s strategic goals and risk appetite.
Develop structured processes to identify, assess and manage risks across the organization.
Identify and advise executive leadership and the audit committee on emerging risks and mitigation strategies.
Communicate key risk areas and mitigation plans to leadership and regulatory authorities.
Ensure the Bank is in compliance with all applicable federal and state banking regulations; and continuously enhance compliance policies and procedures.
Oversee the BSA/AML program, including transaction monitoring, suspicious activity reporting, and customer due diligence, with enhanced controls tailored to the Bank’s risk tolerance.
Provide strategic oversight of the Bank’s information security programs in collaboration with the Chief Information Officer, IT department and Chief Security Officer.
Oversee cross-functional risk management teams spanning internal audit, compliance, security, Community Reinvestment Act and fraud.
Promote a culture of risk awareness across all levels of the organization, ensuring risk considerations are embedded into daily operations and decision-making.
Contribute to strategic planning for the risk function, represent the Bank before legislative and state entities, and oversee the preparation of materials for all audit and regulatory requirements.
Serve as a member of the Executive leadership team, Funds Management Committee, Technology Steering Committee and Audit Committee, sharing functional expertise and guidance on decision-making issues affecting the bank.
Promote organization-wide understanding of risks and risk management strategies.

Minimum Requirements:

Bachelor's degree in business, finance or related fields
Proven experience in a senior leadership role within the banking industry, with at least 10 years of experience in risk management, compliance, or related focus areas
Compliance and Financial Risk Management
Governance, Risk and Compliance Software
Organizational and Operational Policy Development
Risk Assessment and Risk Mitigation
Excellent written and verbal communication skills enabling effective interaction with board members, customers, and all levels of employees
Demonstrated judgement and decision making while navigating complex regulatory and operational environments.
Strong analytical skills and the ability to make balanced, data-driven decisions with competing priorities
Ability to think strategically and foster high ethical standards in executing the bank’s purpose, mission, value and goals

Preferred Qualifications:

Master's degree in business, finance or related field
Advanced industry certifications (CRCM, CISA, CIA, etc.)
Experience with regulatory and governing authorities

Schedule: Monday – Friday: 8:00 a.m. – 5:00 p.m.

Workplace Environment:

Requires face-to-face interaction and coordination of work with other employees and departments, and in-person interaction.
Working at a computer and utilizing a telephone
Occasionally lifting up to 50lbs

Salary Range: $180,000 -$230,000 annually. Bonus Target Opp: 15%

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. The salary range represents anticipated base pay for this role. The actual pay offered will consider internal equity and may vary based on factors including but not limited to work location, candidate’s job-related knowledge, skills, and experience, among other factors.

Minnwest Benefits: In addition to salary, Minnwest Bank offers a comprehensive benefits package, including incentive and recognition programs. Minnwest Bank is focused on taking care of our employees and their families, and supporting their health and financial well-being, including:

Comprehensive Medical, Vision and Dental Insurance
Retirement savings including 401(k) with Employer Match and Employee Stock Ownership Plan (ESOP)
Paid Holidays and Competitive Paid Vacation Days
Paid Parental Leave
Short- and Long-Term Disability
Life, Critical Illness, and Accidental Insurance
Tuition Reimbursement and Career Development Opportunities
Employee Assistance Program (EAP)
Paid Time Off to volunteer in your community
Opportunities to connect with others through our diversity and inclusion focused Employee Resource Group

All benefits are subject to eligibility requirements.

A full background check, including federal, state, county, and civil, and general financial credit check will be conducted on the final candidate for this position. Candidate must pass the background check and financial credit check in order to obtain employment with Minnwest. Failure to meet any of the requirements may result in a rescission of your offer of employment.

EEO: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Minnwest Bank jobs

Chief Risk Officer

Chief Risk Officer