Job Details

divh2Deputy Chief Risk Officer/h2pSupports the Chief Risk Officer (CRO) by managing enterprise-wide risk, overseeing risk frameworks, developing policies, monitoring Key Risk Indicators, reporting to Board and Management, and implementing strategies that align with Investar Banks risk appetite to achieve strategic goals. The Deputy Chief Risk Officer often acts as the Chief Risk Officers second in command./ppJob Responsibilities /ppSupports CRO in tactical and strategic management of the Enterprise Risk Management (ERM) Program./ppCoordinates the development or revisions of policies, procedures and agreements to ensure compliance with regulatory processes, ensuring that deviations from policy are corrected and reported./ppSupports areas of responsibility with regulatory management activities including exam readiness processes, exam preparation, evidence management and regulatory communications/ppSupports the CRO in establishing and continuously maturing the companys Enterprise Risk Management Program strategy, programs, functions, processes, staffing models, strategic roadmaps and other related program management functions./ppWorks closely with business units to design and implement risk mitigation strategies and controls to reduce the likelihood of identified risks./ppDrives technology and innovations to support risk and compliance reporting enhancements and efficiencies./ppSupports the CRO in directing the companys annual Risk Assessment Program that includes conducting annual risk assessments, executive risk reporting, risk appetite development with the Board of Directors, risk mitigation strategy development and ongoing risk monitoring through Key Risk Indicator (KRI) development and reporting./ppMonitors and reports on a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the risk management department to have a comprehensive understanding of risk positions, market conditions and the impact of new initiatives./ppManages and supports various enterprise risk programs, including Model Risk Management, Third Party Risk Management, Data Governance, and Business Continuity/Disaster Recovery./ppDevelops methods to quantify and measure various types of risks and use these quantitative models and tools to estimate potential losses and assess risk exposures./ppStays current with regulatory requirements and ensure Investar Banks risk management practices align with the applicable laws and regulations./ppActs as second-in-command to the Chief Risk Officer, functioning as a Chief Risk Officer for the company when that authority is delegated./ppAll other duties as assigned./ppEducation and Related Experience /pp Bachelors degree in a related field or equivalent combination of coursework and work experience./pp Minimum of 7+ years progressive experience in risk management, analysis and regulatory practice within banking or the financial services industry./pp OCC Regulatory or Financial Services Consulting experience desired/pp MBA or other professional certifications such as FRM, PRM or CRCM are encouraged/ppSkills and Abilities /pp Must possess strong communication, analytical, negotiation and presentation skills./pp Must be proficient at MS Office products such as Excel, Access, Power BI and PowerPoint/pp Must have strong knowledge of portfolio management concepts and best practices in risk management methods, i.e., value-at-risk and stress testing and in the use of advanced quantitative techniques, such as, but not limited to, Monte Carlo simulation, optimization, stochastic processes, term structure modeling, and econometrics./pp Must have the ability to independently formulate and draft balanced, well-reasoned recommendations and to present such recommendations persuasively to senior management./ppWorking Conditions and/or Physical Requirements /pp Ability to work under stress and meet deadlines./pp Ability to operate a keyboard if required performing the essential job functions./pp Ability to read and interpret a document./pp Ability to travel if required to perform the essential job functions./pp Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an undue hardship then the employee must be accommodated; hence, omitting lifting as a physical requirement./ppEqual Opportunity Employer/Veterans/Disabled/p/div