Chief Risk Officer

About Us:

Piermont Bank is a tech-enabled digital commercial bank founded in 2019 with a mission of changing the face and pace of banking. It provides an unprecedented experience that blends the best of banking and agile Fintechs. At Piermont, we are purpose-driven, and focused on creating and delivering banking products relevant to today’s digital economy. We are the go-to Bank for the fintech ecosystem. For more information, visit www.piermontbank.com.

The Role:

The Chief Risk Officer is responsible for leading corporate strategic risk and compliance oversight. The Chief Risk Officer holds the primary senior management position for identifying, assessing, measuring, monitoring, mitigating, and managing all risk arising from the internal and external business environment at a bank-wide level. CRO also provides the Chief Executive Officer, Board of Directors, and senior management with effective advice on risk strategies and their implementation, manages the ERM functions, including risk assessments, compliance, vendor management. And work with BSA Officer to ensure consistent enforcement of the bank’s overall risk policies.

Responsibilities:

• Accountable for the execution and continued enhancement of the Bank’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 Bank’s business strategies and related policies, processes, and controls based upon its established risk appetite.
• Helps further the Bank’s culture of risk serving as the primary risk liaison with its Board of Directors via the Risk Committee and with the Bank’s executive management.
• Participates in various other management-level committees to provide risk-based perspectives and input.
• Develop and enhances risk management-related infrastructure, including policies, processes, procedures, and documentation to continue supporting the Bank’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 Bank-wide risk assessment to identify and measure current and forward-looking enterprise risks.
• Assumes ultimate responsibility for ensuring that the company conducts its business risk and compliance with applicable FDIC and NYDFS laws.
• Monitors external environment and industry trends and practices and makes recommendations to the Bank’s executive management, as appropriate.
• Leads the identification of, and planning for, emerging risks.
• Develops strong partnerships with leaders of various functional areas of responsibility within the Bank to provide effective and creditable challenge in assessing risk and to provide trusted practical advice and assistance in helping to support the Bank’s business objectives.
• Collaborate closely with the BSA Officer in ensuring consistent application of bank’s risk framework.
• Support the Chief Executive Officer in the development analysis and interpretation of legal, risk, compliance, BSA and vendor management information for strategic planning.
• Chair Enterprise Risk Management Committee.

Qualifications:

• BA/BS degree in Risk Management, Finance or Business.
• 15 years of financial institution management experience, focused in risk management, credit, 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 $500MM preferred.
• JD designation and significant experience in a consumer and commercial financial services environment are strongly preferred.
• Minimum of 10 years of experience in financial services operations.
• Minimum of 5 years of managerial/supervisory experience.
• Previous experience in commercial banking loan operations with increasing level of supervisory/manager responsibility.
• Familiarity with Fiserv.
• Strong knowledge of all loan operations functions.
• Experience in high-volume servicing area.
• Strong analytical skills especially related to transaction calculation and account reconciliation.
• Detail-oriented & ability to effectively multitask in a fast-paced environment.
• Strong time management skills: ability to set priorities, develop a work schedule, monitor progress toward goals, and track activities.
• Ability to challenge the status quo & open to change, excellent interpersonal skills, and ability to influence others.

The hiring range for this position is $250,000 to $325,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate’s job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.