Job Description

Job Code: HBC 25-54

Job Summary:

Heritage Bank of Commerce seeks a seasoned risk management leader with a deep understanding of the banking industry and a proven track record of experience. This critical role demands expertise in strategic planning, risk management, regulatory compliance, and operational risk. The Chief Risk Officer will lead transformative initiatives that enhance risk management efficiency and effectiveness while aligning risk operations with the evolving business model.

Reports directly to the Chief Operating Officer, the Chief Risk Officer will provide strategic risk direction, ensure risk integrity, and foster sustainable growth. This includes responsibility for risk reporting, regulatory compliance, risk oversight, and driving long-term value creation through effective risk management practices. A strategic partner to the COO and Board, the Chief Risk Officer will lead efforts to continue our growth strategy, positioning the Bank for continued success. This role requires exceptional leadership, resilience, and a vision for effective transformation in a dynamic environment.

Pay Range:  Base Compensation is dependent upon role, experience, and skill set: Min- $178,880 /yr Max- $268,320 /yr

Primary Responsibilities:

• Strategic Risk Leadership: Develop and execute risk management strategies to support the Bank’s growth and profitability goals, ensuring alignment with the Bank’s long-term objectives.
• Risk Reporting: Oversee the preparation of accurate risk reports, regulatory reports, and forecasts for the Board of Directors, executive team, and shareholders.
• Regulatory Compliance: Ensure compliance with regulatory requirements and industry standards.
• Operational Risk Management: Identify and mitigate operational risks while ensuring compliance with regulatory requirements and industry standards.
• Risk Assessment: Oversee all risk assessment functions, ensuring accurate and timely reporting in accordance with regulatory standards.
• Liquidity and Capital Management: Oversee the Bank’s liquidity management strategy to ensure sufficient funding for operational needs, regulatory compliance, and strategic growth.
• Budgeting & Forecasting: Lead budgeting processes, including long-term financial planning, and ensure alignment with strategic goals.
• Team Leadership: Lead, mentor, and develop the Risk team, fostering a culture of excellence, collaboration, and accountability.
• Regulatory Compliance: Ensure adherence to financial regulations, including Sarbanes-Oxley (SOX) and Dodd-Frank.
• Perform all other duties and special projects as assigned

Qualifications:

• Education:  Bachelor’s degree; advanced degree (MBA, JD, or similar) or relevant professional certifications (e.g., CRCM, CIA, or FRM) preferred.
• Experience: Minimum of 15 years of progressive risk management leadership experience, with at least 5 years in a senior executive role within the banking or financial services industry.
• Institutional Growth: Demonstrated experience in growing and leading a financial institution with assets exceeding $5 billion.
• Technical Expertise: Deep knowledge of risk analysis, regulatory compliance, and capital markets.
• Leadership: Proven ability to lead and inspire high-performing teams, with a track record of successful risk management and strategic decision-making.
• Communication Skills: Exceptional communication and interpersonal skills, capable of influencing and collaborating with stakeholders at all levels.
• Analytical Skills: Strong analytical and problem-solving skills, with the ability to interpret complex risk data and make sound decisions.
• Regulatory Knowledge: Comprehensive understanding of banking regulations, compliance, and risk management.

Core Competencies:

• Strategic Vision and Planning
• Leading change and change management practices
• Risk Management and Compliance
• Leadership and Team Development
• Effective Communication and Influence
• Adaptability and Innovation

Compliance Responsibilities:

The employee is responsible for ensuring compliance with all aspects of job related laws and regulations and must maintain current compliance knowledge by attending compliance related training seminars and staff meetings and by reading pertinent compliance related materials. 

Job related laws and regulations include, but are not limited to the following: Bank Secrecy Act (BSA); Office of Foreign Asset Control (OFAC); Vendor Management; Information and Data Security; and SEC regulations related to corporate governance and disclosure.

Heritage Bank of Commerce is an Equal Opportunity Employer committed to diversity and inclusion. We do not discriminate on the basis of race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin, marital status, genetic information, disability, Veteran status, or any other characteristic protected by Federal, state or local laws.

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