Enterprise Risk Officer

Job Summary

The Enterprise Risk Officer plays a key role in identifying, measuring, monitoring and managing risk across the Bank. The Enterprise Risk Officer works closely with the Manager of Risk Governance, Strategy and Operations (RGSO) to develop a robust risk infrastructure that aggregates risks across the enterprise and reports the most salient information to senior leadership. The role includes responsibility for establishing risk procedures and routines to support the Bank's risk methodology and staff supervision, as required.

Essential Duties

• Support the Manager of RGSO in the evolution and management of an enterprise-wide risk management program that enables the Bank to achieve its core objectives.
• Drive key elements of the design, implementation, and enhancement of one or more ERM initiatives such as risk assessment, risk aggregation, risk acceptance, breach management and non-IT change management.

• Develop procedures and training materials so stakeholders across the Bank can understand their respective roles in the identifying and managing risk
• Collaborate with risk owners and risk officers for each risk category in the development of limits, controls, and reports to manage the Bank's risk exposure.
• Engage directly with business units to provide counsel and effective challenge on governance-related activities including the format and content of policies, procedures, and committee charters.

• Proactively manage and advise the Bank on potential risks to ensure objectives are achieved and disciplines are implemented to drive continuous improvement.
• Develop reporting to executive management and the Board Risk & Compliance committee regarding Enterprise risk management policies, processes, and execution.

• Communicates regularly and elevates risk events and/or propose mitigation plans to more senior levels, when appropriate
• Help develop an integrated risk database and analyze qualitative and quantitative data to develop process efficiencies and/or metrics for key risk indicators
• Manage risk management analysts, as assigned, to achieve the assignments and objectives of the department, grow and develop their skills sets, and provide guidance and direction on completing deliverables.
• Meet the expectations of a supervisor relative to staff time management, reviews and all other supervisory requirements.
• Support the implementation of a GRC tool.
• Actively participate in all audits and exams.

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the office to ensure that all CIP, BSA, OFAC requirements, procedures and time frames are met.

Non-Essential Duties

• Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Inductive Reasoning - Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
• Deductive Reasoning - Ability to apply general rules to specific problems to produce answers that make sense.

Required Knowledge

• Banking knowledge - Operations, i.e., ACH, wires, RDC, on-line banking, etc., loans/credit
• Knowledge of major Governance, Risk, and Compliance (GRC) systems
• Knowledge of risk management principles and practices. Familiarity with FRB and FFIEC guidelines.
• Knowledge of Financial Statement Ratios and Calculations
• Advanced understanding of risk aggregation, breach management, and change management
• Strong knowledge of governance processes including the formalization and standardization of management committees
• Subject matter expertise in at least one of the major risk categories/risk domains

Basic Knowledge, Skills and Abilities

• Strong analytic, logical reasoning and problem-solving skills
• Must have a strong understanding of quantitative analysis - math / statistical analysis
• Process improvement and technology skills, a plus
• Excellent interpersonal skills
• Strong verbal/written communication and presentation skills
• Must be able to work independently and set goals/prioritize, focus, and have time management skills.
• Strong knowledge of Excel (intermediate to advanced), Word, Visio, PowerPoint

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s): Assistant Vice President, Vice President.

Equipment Operated

• Telephone
• Desk Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement
• Requires standing and/or sitting for prolong periods of time
• Requires lifting up 25lb
• Requires using hands to handle, control or feel objects
• Office setting w/controlled temperature

Education and Experience

• B.S. in Math, Economics, Business, Accounting, or Finance
• Advanced degree or professional certification, a plus
• Experience leading complex projects is a plus
• 7+ years of prior banking experience in an RBO
• Prior experience as a risk officer with direct engagement with business units is preferred

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.

April 09, 2025