Financial Risk Officer

Position Title:

Financial Risk Officer

FLSA Status:

Non-Exempt

Reports to:

Chief Risk Officer (CRO)

Location:

Tyler Gresham

Benefits:

• Medical, Prescription Drugs, Dental, and Vision Insurance
• Insurance Eligibility for Team Members and Dependents Starting on the First Day of Employment
• 401(k) with a Match
• Basic, Voluntary, and Dependent Life Insurance
• Paid Time Off
• Paid Bank Holidays
• Workplace Wellness Programs
• Employee Assistance Programs
• Tuition Reimbursement

Job Summary: Identify and manage risks to the organization, its employees, stakeholders, and assets and assist in developing financial risk management strategies, objectives, and policies that will mature the framework, tools, and procedures to achieve successful risk identification and management within best practice standards. Works closely with the CRO to ensure effective identification, measurement, management, and reporting of strategic, interest rate, credit, price/market, liquidity, and model risks.

Essential Functions:

• Responsible (under supervision of the CRO) for administration of the governance and financial risk modules of the Bank's ERM software and the results.
• Assists in developing risk and control self-assessments.
• Engages and develops effective working relationships to support cooperative responses to risk management matters and issues.
• Provides guidance and support to team members throughout the Bank to promote risk control awareness, ownership, and accountability for strategic, interest rate, credit, price/market, liquidity, and model risks.
• Provides training and support to Bank personnel on risk management software and assists in the completion of risk assessments and reports for strategic, interest rate, credit, price/market, liquidity, and model risks.
• Partners with other ERM administrators to create an efficient ERM timeline and calendar for strategic, interest rate, credit, price/market, liquidity, and model risks.
• Monitors various risk management activities of the Bank, including top risks, emerging risks, various established dimensions of risks, as well as key risks and performance indicators for strategic, interest rate, credit, price/market, liquidity, and model risks.
• Assists the CRO in creating procedures for various risk activities for strategic, interest rate, credit, price/market, liquidity, and model risks.
• Assists with environmental, social, and governance (ESG) monitoring and reporting, if applicable.
• Assists with maturing the Bank's model risk management framework.
• Works with the CRO in maturing the Bank's enterprise risk framework as the Bank grows and prepares for new regulations and rules based on Bank asset size.
• Works with and supports the CRO on various risk-related tasks throughout the Bank, including information security.
• Prepares and/or creates various reports for the Risk Committee and/or Board of Directors.
• Monitors and analyzes financial risks within the Bank's business units and effectively reports these risks to the CRO, Risk Committee, and/or Board of Directors.
• Maintains confidentiality of all sensitive Bank information.
• Maintains a positive and caring atmosphere for customers and employees consistent with Southside Bank's mission, CORE Values, and Blue Book culture guide.
• Provides enthusiastic, professional, and courteous service to Southside Bank customers and employees.
• Participates in proactive team efforts to achieve departmental and company goals.
• Provides leadership to others through example and sharing of knowledge/skill.
• Understands and agrees to abide by the policies and procedures established at Southside Bank.
• Responsible for complying with audit policies and procedures as they pertain to this position.
• Performs duties in compliance with applicable laws and regulations, including but not limited to the Bank Secrecy Act (BSA) and related anti-money laundering laws, and in accordance with the Bank's Information Security Program.
• Must comply with all applicable laws and regulations.

Additional Functions:

• Responsible for performing administrative duties, as needed, including but not limited to, arranging/scheduling meetings and appointments for management.
• Complies with all safety policies, practices, and procedures. Report all unsafe activities to supervisor and/or Human Resources.
• Performs additional duties as assigned or directed.

Required Education/Experience:

• High school or GED diploma required.
• Bachelor's degree in relevant field is required.
• Knowledge of financial institution policies, procedures, and regulations preferred.
• Minimum of three years of experience in a risk management or financial risk management related role.
• Practical knowledge of tools and techniques used in financial risk management.
• Experience working closely with executive management and project management teams in planning and carrying out strategic objectives.

Necessary Skills:

• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
• Ability to write routine reports and correspondence.
• Ability to speak effectively before groups of customers or employees of organization.
• Ability to add, subtract multiply and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Strong knowledge of federal and state banking regulations, including OCC, FDIC, and Federal Reserve requirements.
• A demonstrated ability to perform analytical and detail-oriented tasks.
• Strong skills in Microsoft Windows, Word, Excel, and Outlook.
• Excellent analytical, problem-solving, and decision-making skills.
• Intermediate skills in understanding and working with database input/output.
• Excellent communication and interpersonal abilities, with a focus on collaboration and relationship-building.
• Strategic thinker with the ability to link risk management practices to organizational goals.
• Detail-oriented and able to manage multiple priorities effectively.
• Highly motivated and a self-starter.
• Excellent customer service skills required, and experience in direct customer interface environments is preferred.

Physical Activity/Dexterity:

• Manual dexterity sufficient to reach/handle items and work with fingers. Works with fingers and perceives attributes of objects and materials.

Physical Environment Demands:

• Must be able to remain in a stationary position 90% of the time.
• The person in this position needs to occasionally move about inside the office to visit other offices, conference rooms, office machinery, etc.
• Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and telephone.
• Constantly positions self to operate on a computer.
• The person in this position frequently communicates with other people throughout each day. Must be able to exchange accurate information when conversing.

Working Conditions/Environment:

• Well-lighted, heated and/or air-conditioned indoor office setting with adequate ventilation.
• Moderate noise (i.e., business office with computers and printers, light traffic).

Work Schedule/Hours:

• Monday through Friday; 8:00am - 5:00pm.
• Available for overtime, as needed, to complete job tasks.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)