Avidia Bank Chief Risk Officer in Hudson, Massachusetts

Avidia Bank is a mutual community bank headquartered in Hudson with additional locations in Westborough, Clinton, Leominster, Marlborough, Northborough, Shrewsbury and Framingham. We offer a generous compensation and benefit package along with a positive, entrepreneurial, and collaborative work environment. We are seeking to add an experienced Chief Risk Officer to provide oversight to the enterprise-wide risk management strategy. In this role you will balance growth and opportunities with risk measurement, monitoring and mitigation. You will effectively translate the risk appetite framework into informed decision-making practices that support the bank?s business model and strategic plan. By asking challenging questions and engaging with business unit owners you will identify potential threats and create plans to mitigate risks. As a collaborative partner you will create and manage an ERM program that complements Avidia?s culture of innovation while maintaining safe and sound practices across the enterprise. Primary Responsibilities: Maintain a strong and sound enterprise-wide integrated risk management governance framework and culture, and continuously enhance risk management controls and systems Monitor and report on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile Oversee and manage Bank Secrecy Act & Anti-Money Laundering Conduct assessments to define and analyze possible risks of new and existing products, business lines, delivery channels and services Oversee the bank?s FDICIA program including risks and controls and annual compliance. Develop and maintain a constructive working relationship with Risk Committee, Audit Committee, Board of Directors and Executive Management. Serve as clerk of the board level Risk Committee. Oversee and develop a comprehensive process for assessing, identifying, monitoring, mitigating, effectively managing and reporting pertinent business risks that could interfere with Avidia Bank?s core purpose and ability to grow and develop its business lines; Evaluate the seriousness of each risk by considering its potential consequences Facilitate the maintenance of corporate risk policies; manage, implement and monitor effective risk management practices and ensure operating policies and procedures are followed throughout the organization Audit risk assessments and procedures created by business line managers; conduct annual reviews of assessments attested by managers Identify known and emerging risks; measuring, monitoring and reporting on Avidia?s risk profile to the Risk Committee of the Board of Directors and Executive Management. Evaluate employees? risk awareness; Advocate and support the culture of informed risk-taking, heighten awareness and use of advanced risk management practices through training programs and coaching Establish a high level of trust and credibility by building and maintaining relationships with business partners and key stakeholders Be a role model and promote organizational culture by creating a positive impact at every touch point Bachelor?s Degree in Business, Finance or other related field, or an equivalent combination of professional and academic experience Proven experience as a Risk Manager in banking, managing ERM strategy and governance for a community/commercial financial institution; Experience with and knowledge of payments industry highly desirable. Demonstrated understanding of FDICIA risk and control constructs and compliance