Finance

Chief Risk Officer (CRO)

Looking to hire your next Chief Risk Officer (CRO)? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency that leverages the geographical advantage of Latin America to benefit US businesses. We connect companies with professionals who work in time zones closely aligned with or identical to US hours, ensuring seamless communication and collaboration. This synchronicity allows for real-time interaction, enhancing productivity and eliminating the delays often associated with offshore staffing.

Description

The Chief Risk Officer (CRO) plays a pivotal role in ensuring an organization's financial stability and operational resilience. Responsible for identifying, assessing, and mitigating risks, the CRO develops comprehensive risk management strategies and policies to protect the company from potential threats. This executive role requires collaboration with other C-suite members to ensure that risk considerations are integrated into strategic decision-making processes. The CRO also oversees compliance with regulatory requirements and fosters a risk-aware culture across the organization, aligning risk management practices with business objectives.

Requirements

- Advanced degree in Risk Management, Business Administration, Finance, or related field.
- Professional certifications such as Certified Risk Manager (CRM), Chartered Financial Analyst (CFA), or similar.
- Minimum of 10 years of experience in risk management or related fields, with at least 5 years in a leadership role.
- Comprehensive understanding of risk management frameworks and methodologies.
- Proven track record of developing and implementing risk management strategies.
- In-depth knowledge of regulatory requirements, industry standards, and compliance.
- Strong analytical skills with the ability to interpret complex data and trends.
- Excellent communication and presentation skills.
- Proficiency in risk management software and tools.
- Strong project management and organizational skills.
- Experience in conducting scenario planning and stress testing.
- Ability to work collaboratively with cross-functional teams.
- Proven ability to influence and drive change within an organization.
- Strong problem-solving and decision-making abilities.
- Experience with incident management and business continuity planning.
- Ability to engage with regulatory bodies and external auditors effectively.
- High level of integrity and ethical standards.
- Strong leadership skills with the ability to mentor and develop staff.
- Experience working in a highly regulated industry.
- Knowledge of financial products and services.
- Ability to manage multiple priorities and deadlines.
- Strong strategic thinking and planning skills.
- Experience in managing relationships with key stakeholders, including board members.

Responsabilities

- Develop and oversee the implementation of risk management strategies, policies, and procedures.
- Identify, assess, and prioritize risks across the organization.
- Conduct regular risk assessments and audits.
- Implement effective risk mitigation plans and controls.
- Monitor and review the effectiveness of risk management processes.
- Ensure compliance with regulatory requirements and industry standards.
- Provide regular risk reports to senior management and the board of directors.
- Facilitate risk workshops and training programs for employees.
- Collaborate with business units to integrate risk management into strategic planning.
- Develop and maintain a comprehensive risk register.
- Conduct scenario planning and stress testing exercises.
- Coordinate with internal and external auditors on risk-related matters.
- Oversee incident management and response protocols.
- Lead the development of business continuity and disaster recovery plans.
- Evaluate the financial and operational impacts of potential risks.
- Stay updated on emerging risks, industry trends, and regulatory changes.
- Act as the primary contact for regulatory bodies and external stakeholders on risk issues.
- Ensure effective communication of risk policies and practices across the organization.
- Foster a culture of risk awareness and proactive risk management.
- Manage and optimize the company's insurance portfolio.
- Review and approve risk assessments for new initiatives and business ventures.
- Analyze operational, financial, and strategic data to identify potential risk exposures.
- Provide guidance and support to executive management on risk-related issues.
- Develop and maintain relationships with key stakeholders, including the board of directors and external partners.

Ideal Candidate

The ideal candidate for the Chief Risk Officer (CRO) role is a seasoned leader with a minimum of 10 years of experience in risk management or related fields, including at least 5 years in a leadership capacity. They possess an advanced degree in Risk Management, Business Administration, Finance, or a related discipline, supplemented by professional certifications such as Certified Risk Manager (CRM) or Chartered Financial Analyst (CFA). This individual has a comprehensive understanding of risk management frameworks, methodologies, and regulatory requirements, coupled with a proven track record of implementing effective risk management strategies. They exhibit exceptional analytical skills, capable of interpreting complex data, conducting scenario planning, and stress testing to forecast potential impacts of adverse events. The ideal candidate is a strategic thinker with strong decision-making capabilities and a proactive, forward-thinking mindset. They excel in communication and interpersonal skills, enabling them to influence and drive cultural change within the organization. Adept at managing multiple priorities and meeting deadlines, they demonstrate strong project management abilities and proficiency in risk management software and tools. Their leadership is characterized by high integrity and ethical standards, a collaborative approach to working with cross-functional teams, and a genuine commitment to mentoring and developing staff. They are resilient and adaptable to changing circumstances, with a deep understanding of financial products and services. The ideal candidate maintains robust relationships with key stakeholders, including the board of directors, regulatory bodies, and external partners, ensuring effective communication of risk policies and practices across the organization. Their commitment to continuous learning and staying abreast of industry trends sets them apart as a dedicated professional in fostering a risk-aware culture throughout the organization.

On a typical day, you will...

- Identify, evaluate, and monitor the company's risk exposures.
- Develop and implement risk management policies and procedures.
- Analyze financial and operational data to assess potential risks.
- Lead risk assessment and mitigation projects across departments.
- Report regularly on risk management practices and outcomes to senior executives and the board of directors.
- Oversee and manage compliance with regulatory and internal risk management standards.
- Collaborate with other executives to align risk management strategies with overall business goals.
- Provide guidance and training to staff on risk-related issues and best practices.
- Engage with external auditors and regulatory bodies during reviews and inspections.
- Evaluate the impact of changes in laws and regulations on the company's risk profile.
- Develop and maintain a risk management framework and risk register.
- Conduct scenario analyses and stress testing to understand potential impacts of adverse events.
- Participate in strategic planning and decision-making processes to incorporate risk management considerations.
- Coordinate with insurance providers to minimize financial losses.
- Review and approve risk assessments for new projects, products, and services.
- Monitor and review internal controls and recommend improvements.
- Lead incident response efforts to mitigate effects of risk events.
- Maintain up-to-date knowledge of industry trends and emerging risks.
- Foster a risk-aware culture throughout the organization.
- Prepare and present risk-related reports and findings to stakeholders.

What we are looking for

- Strategic thinker with strong decision-making capabilities
- Exceptional leadership and team management skills
- High level of integrity and ethical standards
- Proactive and forward-thinking mindset
- Strong analytical and problem-solving abilities
- Excellent communication and interpersonal skills
- Ability to influence and drive cultural change
- Detail-oriented with strong organizational skills
- Resilient and adaptable to changing circumstances
- Collaborative approach to working with cross-functional teams
- Strong understanding of financial products and services
- Proficiency in risk management software and tools
- Ability to manage multiple priorities and meet deadlines
- Comprehensive knowledge of regulatory requirements and industry standards
- Experience in scenario planning and stress testing
- Ability to engage effectively with regulatory bodies and external auditors
- Strong project management capabilities
- Commitment to continuous learning and staying updated on industry trends
- Capacity to develop and maintain strong stakeholder relationships
- Ability to foster a risk-aware culture throughout the organization
- Enthusiastic about mentoring and developing staff

What you can expect (benefits)

- Competitive salary range commensurate with experience
- Performance-based bonuses and incentives
- Comprehensive health, dental, and vision insurance
- Retirement savings plan with company match
- Paid time off, including vacation, sick leave, and holidays
- Flexible working arrangements, including remote work options
- Professional development and continuing education opportunities
- Leadership training and mentorship programs
- Employee wellness programs and resources
- Life and disability insurance
- Employee assistance program (EAP)
- Opportunities for career advancement and growth
- Company-sponsored events and team-building activities
- Reimbursement for relevant certifications and memberships
- Access to industry conferences and networking events
- State-of-the-art office facilities and resources
- Subsidized gym memberships or onsite fitness center
- Transportation and commuting benefits
- Stock options or equity participation plan
- Annual health and wellness stipends
- Parental leave and family support programs
- Tuition reimbursement for further education
- Volunteer time off and community engagement opportunities

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