Director of Enterprise Risk Management

Director of Enterprise Risk Management

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Base pay range: $/yr - $/yr.

The Director of Enterprise Risk supports the Chief Risk Officer in all matters regarding the management and evolution of Five Star Bank’s Second Line of Defense Enterprise Risk function. The role is a key member of senior leadership and oversees risk areas including Enterprise Risk Management (ERM), Third Party Risk Management (TPRM), New Products and Services, Change Management, Model Risk Management, Policies, Governance, Risk Appetite and Management Projects.

Additionally, the Director provides guidance to all Second Line functions, tracks and manages enterprise risk initiatives, and serves as CRO backup when required.

• Ensure compliance with the Company’s ERM Program and oversee its continuous evolution, including policies and procedures for risk identification, assessment, reporting, and mitigation.
• Oversee the annual development and update of the Company’s Risk Appetite Statement (RAS), ensuring alignment with strategy and reporting on alignment to risk owners.
• Act as the centralized point of contact for supervisory examination requests and manage responses to enterprise risk regulatory examinations.
• Provide review and comments on applicable regulatory submissions to align with supervisory expectations.
• Lead the Company’s Third-Party Risk Management (TPRM) Program and associated processes.
• Oversee New Product Approval governance processes.
• Manage the Company’s risk structure and governance.
• Supervise the Model Risk Policy Governance processes.
• Direct the Company’s Change Management processes and lead the banking change advisory board.
• Participate in the Allowance for Credit Losses Working Group and associated model processes.
• Participate in the commercial real estate portfolio stress‑test working group.
• Present to management and Board committees on risk identification, assessment, reporting, mitigation, or acceptance.
• Manage daily ERM and TPRM functions, including staffing, performance management, and problem resolution.
• Drive continuous improvement projects across second‑line work streams to meet regulatory and management expectations.
• Assume CRO responsibilities as directed by Executive Management when the CRO is unavailable.
• Train, mentor, and develop ERM and TPRM staff; review staff work for quality and compliance.
• Demonstrate Five Star Bank’s standards and principles in all interactions with internal and external customers, associates, and stakeholders.

• Education:
  
  Bachelor’s Degree in Finance, Business, Economics, or a related field.
• Prior
  
  Experience:
  
  10+ years of Risk Management, Bank Regulatory, Policy Development, or Internal Audit including SOX Testing and Control Implementation.

• Solid knowledge of financial markets and regulatory environment.
• Excellent verbal and written communication skills.
• Ability to communicate effectively with external regulatory bodies.
• Expert knowledge of bank supervision and examination processes.
• Strong research and analytical capabilities.
• Ability to assimilate and interpret data and trends to assess risk across all business lines.
• Strong relationship management and team orientation.
• Superior time‑management skills; ability to prioritize and meet deadlines.
• Proficiency with Microsoft Office (Excel, PowerPoint) and banking software.
• Knowledge of CECL methodologies and commercial portfolio stress‑testing processes.

• Prolonged sitting for extended periods.
• Occasional travel.
• Extensive computer usage.
• Mild domestic travel to conferences may be required.

• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long‑Term Disability, and Short‑Term Disability
• Voluntary Offerings:
  Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Star Volunteer Program
• Employee Banking and Financial Perks
• Flexible Hybrid Work Schedule
• Paid Time Off (PTO)
• Company Paid Holidays

The expected rate of pay for this position is shown above. Compensation offers are based on skill, training, experience, education, and applicable certifications. In addition to base pay and a competitive benefits package, successful candidates may be eligible for cash or equity‑based incentives.

This job description is not exhaustive; the Director of Enterprise Risk Management may be required to perform other duties as assigned.