Chief Risk and Compliance Officer

General Bank of Canada is looking for our next permanent, fulltime Chief Risk & Compliance Officer. Reporting to the President, the Chief Risk & Compliance Officer (CRCO) performs a critical support role for various interested parties: the Board of Directors, Chief Executive Officer, President, and the Asset Liability and Risk Committee. The CRCO is responsible for providing oversight of the enterprise-wide risk management (ERM) strategy and framework that effectively translates the risk appetite into informed decision‑making processes that support the Bank’s business model and strategic plan.The CRCO also assist the Board of Directors in defining the Bank’s risk appetite and overseeing the Bank’s risk profile and performance against the defined risk appetite. The CRCO will provide oversight of the Bank’s Regulatory Compliance Management (RCM) framework, an essential component of the overall risk management program, which ensures the Bank remains compliant with applicable regulatory requirements.Position ResponsibilitiesStrategic Leadership: Holds enterprise-level responsibility for organizational performance and direction.Supervises Leaders & Individual Contributors: Leads both team members and other supervisors or team leads.As a key member of the Senior Leadership Team of the Bank, responsible for enterprise‑wide strategy and performance monitoring of the firm.Understand and assist in shaping the company’s strategy and core beliefs.Provide support and insight into significant organizational changes.Align processes, resource planning, and department goals with overall strategy.Responsible for establishing the risk vision and culture in the Bank, in conjunction with the Board of Directors and Senior Management team and providing leadership and vision to the Bank with respect to risk culture.Develop, implement and maintain the Bank’s Risk Management Program to ensure the Bank remains aligned with overall risk appetite and external regulatory requirements. Work with functional areas to determine appropriate risk‑tolerance ranges, in alignment with the overall risk appetite of the Bank.Manage compliance with regulatory requirements on a federal and provincial level. Help the Bank to determine overall compliance requirements regarding security issues, financial auditing, fraud prevention and detection, and business climate changes. Will support the Bank’s disaster recovery and business continuity planning.Participate in key decision‑making processes such as strategic planning, capital and liquidity planning, new products and services, internal controls, and outsourcing.Develop and implement Risk Management policies and procedures that will ensure the Bank minimizes and manages various types of risks (credit, operational, liquidity, reputational, market, business, FinTech, etc.).Work closely with the Chief Compliance Officer to ensure appropriate and effective controls are in place to apply a risk‑based approach for identifying, risk‑assessing, communicating, managing, and mitigating regulatory compliance risk.Maintain an open relationship with Internal Audit, holding formal and informal meetings as required to ensure the areas of risk within the Bank are receiving appropriate Internal Audit attention.Interact with the Bank’s Director of IT to ensure that technology and cyber risk management are consistent with the bank’s RAS, and that high‑level reporting is integrated within the overall Risk framework of the bank.Assist functional areas with the identification of early warning signs and corrective actions when risk indicators approach tolerance limits. Develop and implement mitigating processes to help minimize losses that may arise if controls, systems, procedures, or policies fail.Facilitate organizational accountability and transparency, assisting management in the assessment, measurement, and monitoring of the Bank’s exposure to individual, aggregate and emerging risks within established parameters. Produce risk maps and registers and formulate action plans to help minimize, manage, and mitigate risks and monitor the progress of solutions implemented.Responsible for reporting the risk profile of the Bank to the Board of Directors, its alignment to the risk appetite, emerging risks and opportunities, key risks, risk events, and any other material pertinent to the risk of the organization or requested by the Board.Lead the Bank’s second line of defence and act independently of the departments it monitors and controls. The CRO must identify any potential conflicts and ensure that the Board is aware of role overlap.Leadership ResponsibilitiesStrategic Leadership: Holds enterprise‑level responsibility for organizational performance and direction.Supervises Leaders & Individual Contributors: Leads both team members and other supervisors or team leads.What You Bring to the TableRequired QualificationsMinimum of 10 years of progressive and diverse experience in the field of Risk Management and/or Compliance, with direct experience in implementing and maintaining risk management policies, procedures, and controls.Minimum of 5 years of established leadership experience.Post‑secondary business or finance degree.Canadian Risk Management designation or actively working toward obtaining the designation.Experience managing relationships with external government and regulatory bodies.Demonstrates unwavering adherence to policies, procedures, and regulatory standards.Preferred QualificationsMBA or relevant post‑graduate education.Experience on a senior or executive leadership team.Financial services or banking industry experience.Seniority LevelMid‑Senior levelEmployment TypeFull‑timeJob FunctionFinance and SalesIndustriesBankingReferrals increase your chances of interviewing at General Bank of Canada by 2xGet notified about new Risk Compliance Officer jobs in Edmonton, Alberta, Canada. #J-18808-Ljbffr