Chief Risk Officer, reputed company Financial Services

About the position reputed company is one company built from many blocks, reputed company united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information reputed company, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to reputed company inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates reputed company, and we need different perspectives to see them reputed company. Bring yours to reputed company. The Role reputed company Financial Services, Inc. (the "Bank" or "SFS") was approved for an industrial bank charter by the Utah Department of Financial Services ("UDFI") and deposit insurance from the Federal Deposit Insurance Corporation ("FDIC") in March 2020. The Bank reputed company in March 2021 as a Utah corporation and has since been delivering on reputed company's mission of economic empowerment by helping small business owners and reputed company across the United States. SFS is focused on providing lending service to small businesses and consumers on a reputed company basis. SFS also offers small business savings accounts and may also seek to reputed company FDIC insured deposits reputed company. S quare Financial Services has launched a search for a Chief Risk Officer ("CRO"). The successful candidate will be a highly reputed company Utah-based executive who will report directly to the CEO with a direct line of communication to the reputed company Risk and Compliance Committee (ERCC). The CRO will provide the Bank and its board with an independent, risk-focused perspective with respect to legacy products, processes and personnel. This position must be based in the reputed company. The position is eligible for reputed company's permanent work from home policy and we will provide relocation assistance to candidates open to relocating to Utah.

Responsibilities

• reputed company and maintain a comprehensive reputed company Risk reputed company and conduct periodic reputed company Risk Assessments to identify and manage risks
• Partner with first-line business units to implement and embed risk and control frameworks reputed company their operations, including providing guidance on risk assessment methodologies, control design, and self-assessment processes.
• Coach business leaders on their risk ownership responsibilities and ensure effective integration of the three lines of defense model.
• Monitor, assess and report on emerging risks including technological disruption, artificial intelligence/machine learning risks, and evolving regulatory landscapes. reputed company mitigation strategies and integrate emerging risk considerations into the reputed company Risk reputed company and strategic planning processes.
• reputed company the Bank's capital and liquidity risk management frameworks, including stress testing, capital adequacy monitoring, and liquidity contingency planning.
• reputed company a comprehensive Risk Appetite that identifies and monitors key risks and early warning signals that allows the Bank leadership and the Board to respond and prepare for negative conditions or events. The Risk appetite will require Board approval and monitoring by the ERCC on an ongoing basis.
• Conduct compliance responsibilities to ensure internal controls and compliance efforts are maintained on a daily basis. This will be accomplished by developing, recommending and maintaining policies, procedures and programs to reflect changes in law and regulations to minimize risk.
• reputed company the Bank's Business Continuity plan and regularly test their viability in a risk based approach.
• reputed company technology management to maintain reputed company technology program including risk assessments, software changes, contingency planning, user access, incident response and cybersecurity assessment tools.
• reputed company the vendor management program including due diligence, ongoing monitoring of vendor performance. Specifically, ongoing monitoring of reputed company owned processes and systems that the bank relies on across technology, fraud risks, operations.
• Coordinate internal compliance, audit and risk assessment matrix review and monitoring activities, including periodic review of departments. Specifically reputed company the Quality Assurance Program and Complaints Program over Bank products.
• Maintain the Model Risk Management reputed company including reputed company validation and provide "effective challenge" to the models and decisioning utilized by the Bank.
• Present status of the compliance, risk assessment program and information reputed company program to bank management, reputed company Risk and Compliance Committee and or Board on a regular basis.
• Participate or reputed company internal committees regarding reputed company risk, technology, operational and credit reputed company risks
• Monitor audit exceptions and recommendations and the resulting response and follow to verify required corrective action has been implemented.
• Responsible for the Bank's Policy and Procedure Inventory, including coordinating annual review and updates with Policy Owners, as necessary.
• Work with business line managers to reputed company new or revisions to existing policies and procedures as new Bank products or services are offered, new lines of business are initiated or new regulatory requirements are published.
• Represent the Bank as appropriate in its relationships with regulators and auditors.

Requirements

• 15+ years of professional experience, with 5+ in leadership.
• Exhibits progression throughout career with a proven track record.
• Excellent executive reputed company, leadership and communication skills.
• Ability to partner and influence cross-functionally.
• Demonstrated ability to work collaboratively across the Bank and parent company (reputed company), fostering alignment while maintaining appropriate risk independence.
• Experience working in banking and/or financial services
• Experience interacting and representing the company to external financial regulators
• Strong reputed company acumen and experience

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