Commercial Risk Officer

(Due to work requirements, candidates must be located within 40 miles of Green Bay Main office or Milwaukee River Center or Minneapolis 45 7th.)

This position is accountable for the strategy, oversight, and management of the first line of defense business line risk activities within the commercial business units, in adherence with the company's risk strategy. The scope of this position, referred to as Commercial is comprised of the following business lines and segments: Specialized Industries and Capital Markets business line; Corporate and Commercial Banking business line; Commercial Real Estate business line; and Commercial Product Development segment.

The Commercial Risk Officer is responsible for staying current with regulatory expectations and industry trends, ensuring compliance with those expectations, and business line audits and regulatory exams. Additionally, the Commercial Risk Officer ensures effective communication among the Commercial business units, Corporate Risk team, and other constituents (e.g., ELT, Board of Directors, Internal Audit and regulators). The Commercial Risk Officer reports to the executive in charge of specialized industries and capital markets with a dotted-line reporting relationship to the Chief Risk Officer and will partner closely with the Head of Commercial and Corporate Banking, Head of Commercial Real Estate and Facilities, and Chief Product & Marketing Officer.

This position participates in Commercial strategy discussions and provides input to promote an environment of risk awareness and risk ownership. This role will build and develop collaborative partnerships with senior management across multiple lines of business and internal departments, Corporate Risk program leaders, and other stakeholders to enhance business line risk capabilities.

This role will manage recruitment, training, and development for a team of colleagues within the business unit.

• Lead the development of the Commercial risk strategy, aligning with Corporate Risk framework goals and regulatory expectations.
• Serve as the senior risk advisor to the Commercial executive teams, providing strategic guidance on risk-related matters across all departments within the Commercial business units.
• Oversee the design and implementation of the risk management framework for Commercial alignment with Heightened Standards.
• Finalize scope and strategy surrounding risk management to Heightened Standards within the first line of defense consistent with our enterprise-wide risk strategy.
• Drive detailed development and execution of a plan to fully staff and institutionalize (through processes and artifacts) the first line of defense Heightened Standards strategy.
• Establish and maintain risk governance structures, including participation within necessary risk committees and escalation protocols.
• Effectively communicate first line of defense Heightened Standards strategy, progress/results, and risks to all key constituencies: first line of defense leadership and colleagues; Corporate Risk; Auditors; Board of Directors, Executive Leadership; and regulators.
• Maintain strong yet independent relationships among first line of defense (including Executive Leadership) and other lines of defense.
• Supports Commercial risk and compliance training, updates and presentation materials.

• Stays current with regulatory expectations, laws and guidance along with enforcement actions and industry trends to ensure compliance against standards.
• Identify and summarizes trends in risk management, making recommendations to address impact.
• Drive continuous improvement in risk processes, leveraging technology and data analytics for enhanced risk insights.
• Effectively challenge risk program outputs to ensure alignment with bank and regulatory agencies.
• Drive the implementation of program policies, standards, and procedures as well as key risk indicators (KRIs), thresholds, and reporting metrics to proactively identify and manage emerging risks.
• Manage the tracking and reporting of key indicators and limits to ensure timely escalation as required by corporate risk guidance.
• Foster the leading of the execution of risk and control self-assessments (RCSAs) across the business line, addressing gaps and enhancing controls.
• Oversee the identification, assessment, and management of operational risks within the Commercial business units, ensuring effective control environments.
• Assists with audits and regulatory exams as well as management / committee reporting.
• Escalates risks and holds parties accountable for risk adherence within the front line; ensures compliance with accountability policy.

• Build and develop a high performing team of risk professionals, fostering collaboration and accountability across the Commercial business units.
• Drive a culture of risk awareness, risk identification, mitigation and ensuring risk considerations are integrated into all strategic and operational decisions.
• Establish department goals and monitors performance to expected achievement.
• Manage the performance, training, and evaluation of direct reports.
• Maximize department achievement though coaching, mentorship, collaboration, and professional development.

• Banking systems, processes, and infrastructure
• Extensive knowledge of commercial lending policies and products
• Strong knowledge of treasury management and commercial deposit products and processes
• Knowledge of standard risk management or control frameworks
• Knowledge of regulatory and compliance requirements, guidelines and industry frameworks
• Proficiency in assessing risk and risk management practices
• Ability to demonstrate courage and independence when communicating with executive management and senior leadership when presenting complex issues, recommendations, and program opinions
• Proven management and organization skills
• Experience dealing with regulatory challenges and changes within the operations and technology space, including negotiating with regulators on action plans needed around findings and Matters Requiring Attention (MRAs)

• Project management experience
• Consulting (internal or external) experience
• Advanced degree
• Risk management experience at a $50B+ financial institution

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
• Personal banking, loan, investment and insurance benefits.

$140,630.00 - $241,080.00