Director, Legal & Business Risk Manager

First National Bank of Omaha; Omaha (NE); Hybrid; USD 95,000 - 163,000; Full time

Job summary

Join a leading financial institution as the First Line Legal & Business Risk Manager. You will oversee risk governance and provide legal and regulatory advice to ensure compliance and optimize processes within the Credit Division. The role requires strong leadership and a deep understanding of risk principles, operational strategies, and regulatory requirements. You will lead a team of professionals, ensuring operations align with enterprise risk tolerance while fostering a modern, flexible workplace.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k with matching

Paid Time Off

HSA

Tuition Assistance

Disability Insurance

Qualifications

• 7-10 years of experience in legal, compliance, audit, or risk management within financial services.
• Proven success in process improvement and innovative operational solutions.

Responsibilities

• Oversee non-credit risk governance, strategy, and performance.
• Ensure compliance with legal and regulatory requirements.
• Develop frameworks for managing risk and regulation.

Skills

Leadership

Communication

Negotiation

Influence

Education

Juris Doctorate

Job description

At FNBO, our employees are the heart of our story—and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success.

Our Modern, Flexible Workplace:

We believe in a modern, flexible workplace, exploring advancements in technology and office environments to enable work from anywhere at any time. We recognize that flexibility benefits all employees, including military partners, caregivers, and individuals with disabilities. The role is expected to be onsite at least three days a week, with a dedicated workspace, though this may change based on business needs.

Summary of the Job:

Reporting to the Senior Vice President of Partnership Legal & Risk, the First Line Legal & Business Risk Manager will oversee non-credit risk governance, strategy, and performance. They will provide legal and regulatory advice to the Credit Division, Customer Operations, and Enterprise Data Management within the Partnership Division, playing a key role in risk strategy implementation and cross-functional process optimization. The role requires strong knowledge of business policies, procedures, and regulatory obligations, ensuring operations stay within enterprise risk tolerance.

About This Role:

General Responsibilities:

• Ensure compliance with applicable legal and regulatory requirements across the Credit Division and related business units.
• Develop frameworks for managing risk and regulation within risk appetite parameters.
• Maintain accountability for legal, regulatory, and compliance obligations.
• Build and maintain relationships with risk functions and lead a team of legal and risk professionals.

Day-to-Day Duties:

• Provide legal counsel on consumer and regulatory matters, developing and implementing solutions.
• Analyze issues, conduct research, and assess legal risks associated with business activities.
• Draft and review customer agreements and disclosures, providing legal guidance.

• Serve as the primary contact for compliance activities and coordinate with risk management resources.
• Identify, assess, and document risks, ensuring they align with risk management policies.
• Approve initiatives within risk appetite and ensure proper risk mitigation before implementation.
• Report risk management activities to senior management and risk functions.

Legal:

• Ensure legal compliance of business operations.
• Draft and review customer contracts and disclosures.
• Interpret state laws related to collections, fraud, and customer contracts.
• Utilize available legal risk services and adhere to risk policies.

Risk Framework Development:

• Create and implement risk management frameworks aligned with strategic objectives.
• Integrate risk management into daily operations and decision-making.
• Lead delivery of risk governance, identifying gaps and ensuring consistency across teams.

Procedures and Risk Assessments:

• Develop risk management procedures reflecting industry best practices.
• Conduct risk assessments to identify and prioritize risks.
• Design risk controls for activities during ideation and production phases.

Regulatory Compliance:

• Ensure compliance with applicable regulations.
• Provide insights on risk performance and impacts of regulatory changes.

Innovation / Efficiency:

• Lead continuous improvement initiatives within a complex risk environment.
• Optimize processes, technology, and personnel to reduce expenses and meet customer needs.

The Ideal Candidate for This Role:

Required qualifications:

Juris Doctorate with 7-10 years of experience in legal, compliance, audit, or risk management within financial services. Leadership experience and deep knowledge of risk principles, operational strategies, and regulatory requirements are essential. Proven success in process improvement and innovative operational solutions. Strong relationship-building, communication, negotiation, and influence skills. Familiarity with bank policies, laws, and regulations, including BSA/AML and FINRA/SEC standards.

Compensation:

Range from $95,857 to $162,957, with starting pay determined based on experience and skills. Final offers may vary.

Benefits Overview:

Competitive benefits to support your health and financial well-being, including medical, dental, vision, 401k with matching, paid time off, HSA, employee banking, growth opportunities, tuition assistance, and disability insurance. More information can be found at: https://www.fnbo.com/careers/benefits/.

For further details on compensation and benefits, contact FNBO at [e-mail], referencing job number R-20250538.

Equal Opportunity & Belonging:

FNBO fosters a workplace where all backgrounds are valued, recognized, and empowered. We are committed to equal employment opportunity without regard to status or identity. Learn more and access legal notices via the provided links. FNBO is an FDIC-insured employer following federal laws regarding marijuana use (excluding California).

Application Deadline:

Jobs are posted for at least 5 days; postings may end earlier based on application volume.