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Location Fargo Corporate Office
Job Description: Join a Legacy. Lead the Future. With more than 100 years of trusted service, we are a forward-thinking, community-focused bank built on strong values, customer dedication, and an extraordinary workplace culture. We're proud of our collaborative executive team and an environment that encourages leadership at every level. We are actively seeking an experienced and visionary Chief Risk Officer (CRO) to join our organization. This position is designed with a clear and supportive succession plan for our current CRO, targeting transition within 6-12 months. If you are passionate about risk leadership, regulatory excellence, and strategic growth, we invite you to consider this transformative opportunity. About the Role Reporting directly to the President & CEO, the CRO will lead our independent Enterprise Risk Management (ERM) Program and serve as a key advisor to both the CEO and the Board. As an Executive of the Bank, reporting directly to the CEO --yet independent from first-line leadership-the CRO plays a critical role in ensuring risks are properly identified, assessed, and managed across all areas of the Bank. EDUCATION AND EXPERIENCE: Bachelor's degree or advanced degree in Business, Finance, Accounting, Legal or related field desired; specific Chief Risk Officer or Chief Compliance Officer or related experience preferred; or equivalent combination of education and experience. 15+ years of banking experience in roles that provide an optimal balance of the following:
Deep experience and thorough understanding how a community bank's core consumer, commercial, and payment system products and services are designed, originated, and serviced.
Leadership experience developing and leading front-line leaders, managing significant change, leading complex initiatives, and collaborating with key stakeholders to achieve outcomes.
Key Responsibilities Risk Governance and Appetite
Lead a comprehensive written Risk Governance Framework that meets the CEO, Board and regulatory expectations and is commensurate with the size, complexity, and risk profile of the Bank. Oversee the establishment and annual update of the Risk Appetite, ongoing Risk Appetite Performance Reporting to Board and Executive Leadership, and the execution of action plans established when Risk Tolerance/Thresholds are approached or breached Establish enterprise policies and related procedures and processes necessary to implement the Risk Governance Framework and address how aggregate risks within the Bank are effectively identified, measured, monitored, and controlled, consistent with the Bank's Risk Appetite.
Risk Assessment and Oversight Committees
Oversee the establishment and execution of a Risk Assessment Program that meets regulatory expectations and results in risk assessment of the Bank's material activities and assists Leadership to identify current, emerging, and aggregate risks and determine if actions need to be taken to strengthen risk management or reduce risk. Chair the Executive Risk Committee consisting of the Bank's Executive Leadership Team and other appropriate Bank leadership appointed by the CRO. The Executive Risk Committee shall establish a charter that: (1) supports the Bank's Mission and conservative risk culture; (2) provides oversight and supports the effective execution of the Bank's Risk Governance Framework; and (3) ensures the Bank is effectively managing risks within the Risk Appetite.
New Activities and Third-Party Risk
Establish and oversee a written governance framework and risk management system for developing and implementing "new activities" also known as new, expanded or modified products and services ("NEMPS"). The NEMPS Program will be designed to meet regulatory expectations for managing risks associated with "new activities." Establish and oversee a written governance framework and risk management system for managing third party risk and compliance that meets regulatory expectations.
Regulatory and Supervisory Relationships
Risk Management Division Leadership
Lead the Bank's operational risk management program
CO-chair the Bank's Operational Risk Committee in collaboration with the Chair, EVP/Chief Information Officer. Lead operational risk reporting, including key risk indicator tracking and reporting.
Vendor Risk:
Oversee and ensure vendor management policies, standards, procedures, onboarding and due diligence support the Bank's mission and regulatory requirements. Oversee the annual vendor due diligence process and ensure alignment with vendor management policies and procedures. Model Risk Management:
Oversee and ensure model risk management policies, standards, procedures, onboarding and due diligence support the Bank's mission and regulatory requirements.
Lead the Bank's Quality Control and Credit Risk Review Programs
Lead Bank's Credit Risk Review Program pursuant to OCC Bulletin 2020-50: Interagency Guidance on Credit Risk Review Systems. Establish and lead the Bank's Quality Control Committee responsible for oversight of the Bank's Quality Control Program scope, execution and results. Establish and lead the Bank's annual independent loan review program as part of the Bank's Credit Risk Review Program.
Board and Executive Reporting
Establish and maintain effective communication with the Board and Executive Leadership regarding the Bank's Risk profile and any risk management and compliance matters requiring attention. Provide the Board with a written, quarterly Chief Risk Officer Report to the Board and Executive Leadership that incorporates all required reporting per the Policy and other policies of the Bank.
CERTIFICATES OR LICENSES: Preference will be given to candidates with J.D. degree and license to practice law, Certified Public Accountant (CPA), Certified Regulatory Compliance Manager certification (CRCM), Certified Enterprise Risk Professional (CERP), or Certified Anti-Money Laundering Specialist (CAMS). Why Join Us?
Ready to take the next step? Apply now or reach out confidentially to learn more about this opportunity. EOE/including Disability/Vets Member FDIC
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Gate City Bank
Aug 23, 2025