Hybrid Chief Risk Officer

at Nelnet

• Job title: Chief Risk Officer
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Draper, United States

About the role

• Chief Risk Officer leading risk management strategy at Nelnet Bank. Establishing risk profiles and compliance programs while collaborating with executives to enhance organizational excellence.

Responsibilities

• Collaborate with the CEO in setting and driving organizational excellence that results in a strong risk management profile that identifies and mitigates risk while delivering an exceptional customer experience, best in class employee satisfaction, and superior shareholder value.
• Establish a strong risk culture at the bank and the enterprise that supports effective risk identification and mitigation.
• Provide a credible challenge to strategies, programs, operations, policies, risk limits, and all related risk assessments and metrics. Develop and continuously improve and mature the risk management program and all 2nd line of defense activities.
• Support and provide guidance to the 1st line teams in developing plans, activities and metrics that support a strong risk culture.
• Identify and evaluate economic, regulatory changes and other external factors as well as internal business strategies that could put the bank’s ability to succeed and meet its strategic plan at risk.
• Develop and execute an appropriate Banks Secrecy Act and Anti-money Laundering Program with all its pillars that is commensurate with the size, scope and complexity of the bank. Ensure the program incorporates oversight of the parent company who provides inputs and directly manages or supports any part of the bank’s compliance framework.
• Collaborate with business, technology, security, vendor and audit professionals to support risk assessments, respond to audits, remediate compliance and operational risks, and ensure the proper implementation of any new or existing system changes or other significant initiatives.
• Timely communicate, escalate and report to the management and board Risk and Compliance Committees any risk or compliance concerns, issues or trends that are identified.
• Establish a program that monitors and validates adherence to internal controls and escalate as appropriate.
• Maintain and continuously expand knowledge of industry related regulatory requirements, contract requirements, compliance and risk management best practices.
• Evaluate first line practices, and make recommendations to improve policies, standards, guidelines and procedures.
• Prepare, monitor, and oversee the budget in accordance with established formats and guidelines.
• Manage multiple conflicting priorities & consistently meet deadlines
• Analyze both short and long-term impacts of business changes and plans accordingly.
• Provide feedback to operational teams, compliance teams and others as appropriate regarding performance.
• Provide coaching and mentoring and an effective performance management process

Requirements

• Bachelor’s Degree in Business, Finance or Accounting required
• Advanced degree and related certifications a plus
• 20+ years in risk management, finance, banking, regulatory governance or compliance related field
• Experience in holding executive leadership positions
• In-depth knowledge of designing and executing risk programs that include enhancements and remediation
• Extensive banking and regulatory relations experience
• Technical and working knowledge of BSA/AML program requirements

Benefits

• medical, dental, vision, HSA and FSA
• generous earned time off
• 401K/student loan repayment
• life insurance & AD&D insurance
• employee assistance program
• employee stock purchase program
• tuition reimbursement
• performance-based incentive pay
• short- and long-term disability
• robust wellness program