Director legal business risk manager

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

Job summary

A leading bank is seeking a First Line Legal & Business Risk Manager to oversee non-credit risk governance and provide legal guidance. The role involves managing risk, developing frameworks, and ensuring compliance with regulations. Ideal candidates should have a Juris Doctorate and extensive experience in risk management within financial services. This position offers a competitive salary and benefits in a flexible work environment.

Benefits

Medical, Dental, Vision Insurance

401k, With Matching Contributions

Time Off Programs

Health Savings Account (HSA)/Dependent Care

Employee Banking

Growth Opportunities

Tuition Assistance

Short-Term/Long-Term Disability Insurance

Qualifications

• 7-10 years of experience in legal, compliance, audit, or risk management.
• Expert knowledge of risk management principles and practices.

Responsibilities

• Lead and manage non-credit risk governance and strategy.
• Provide legal advice and counsel on consumer and regulatory matters.
• Develop risk management frameworks and procedures.

Skills

Leadership

Communication

Negotiation

Education

Juris Doctorate Degree

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, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you! It is anticipated that an incumbent in this role will work onsite for three (3) or more days a week and will have a dedicated workspace when working onsite. Work location is subject to change based on business needs.

Summary of the Job:

Reporting directly to the Senior Vice President Partnership Legal & Risk, the First Line Legal & Business Risk Manager will lead and manage the non-credit risk governance, strategy, and performance and provide regulatory and customer facing legal advice and guidance to the Credit Division and the Customer Operations and Enterprise Data management business units within the Partnership Division. This role will anticipate, understand, and play a key role in implementing risk strategy impacting future risk conditions while influencing cross-functional processes to optimize risk management effectiveness. They will lead a first line risk team that will identify and manage risk, including operationalizing controls in keeping with associated policies, frameworks, and risk appetite. A strong knowledge of Partnership and Credit Divisions’ business/industry, policies and procedures, and consumer and regulatory obligations is required. This role is accountable for ensuring that the business operates within the risk tolerance set by the enterprise.

About This Role:

General Responsibilities:

• Responsible for ensuring the Credit Division and the Customer Operations and Enterprise Data Management business units of the Partnership Division manage their respective businesses and consumer regulatory matters in a legally compliant manner in accordance with appropriate regulatory requirements, state law and federal law.
• Develop and maintain innovative frameworks for managing risk and regulation across our activities, customer relationships and external partners within the risk appetite parameters agreed upon with corporate risk management and existing programs.
• Accountability for legal, regulatory and compliance related obligations.
• Build and maintain strong working relationships with FNBO / FNNI Risk functions.
• Build, manage, and direct a team of legal and risk individuals who will complete various functions to mitigate and address business and legal risk.

Day-to-Day Duties:

• Provide legal advice, counsel and solutions to management teams on consumer and regulatory matters. Develop recommendations and lead the implementation of approved solutions.
• Analyze issues, conduct research and develop recommendations to mitigate legal risk for the business. Assess level of legal risk for planned products, services and activities of the business.
• Draft and review customer facing agreements and disclosures, and provide legal guidance.
• Serve as the business’ central point of contact for the compliance related activities and serve as the primary business contact for 2nd and 3rd line risk management resources.
• Identify, assess and document risks associated with actions, operations and initiatives within the business as related to the enterprise’s risk management program, take appropriate actions to ensure that the bank’s risk appetite as applicable to these operations for is met.
• Determine and approve new initiatives or changes to existing processes that are within the bank’s risk appetite and comply with existing risk management policies, processes, and programs. Work with second line risk management to ensure that all required risk mitigation operational functions are fully functional prior to initiatives move into production.
• Report on risk management to business senior management and second line risk management.

Legal:

• Ensure that the first line of defense and the business operate in compliance with applicable federal and state legal requirements.
• Draft and review customer facing agreements and disclosures, and provide legal guidance to the business unit.
• State law interpretation including collections and fraud and consumer/commercial customer contract drafting / review work.
• Ensure that business unit has access to and utilizes available legal risk management services and ensure that the requirements of the FNN Legal Risk Policy are met within the business unit.

Risk Framework Development:

• Develop and implement a comprehensive first line risk management framework that aligns with the bank's overall risk appetite and strategic objectives.
• Collaborate with the business to integrate risk management into day-to-day operations and decision-making processes.
• Lead identified business’ in the delivery of the bank's risk governance model, identifying and prioritizing key gaps. Ensure consistency in all risk roles, frameworks, and tools used across the segment and leverage cross-functional teams as appropriate.

Procedure and Risk Assessment Development and Control Implementation:

• Create and maintain effective risk management procedures that reflect industry best practices and regulatory requirements, and ensure that risk management procedures are adhered to.
• Conduct risk assessments to identify, assess, and prioritize risks within the first line of defense.
• Design and implement risk control processes relevant and appropriate for activities being conducted during ideation and in preparation for move into production.

Regulatory Compliance:

• Ensure that the first line of defense and the business operate in compliance with applicable regulatory requirements.
• Provide insights on business risk performance and potential impacts of changes in regulations/laws and independent MRA/Consent Orders issued across the industry.

Innovation / Efficiency:

• Lead, align, and enable teams to deliver a continuous improvement mindset within a complex and dynamic risk environment. Simplify and automate risk management activities.
• Process innovation to drive reduced expenses by optimizing processes, technology, and people to deliver a suite of products and services to meet current customer needs.

The Ideal Candidate for This Role:

Required qualifications:

Juris Doctorate Degree. 7-10 years of experience in legal, compliance, audit, regulatory or other risk management related fields, specifically in the financial services industry and related areas. Leadership experience leading teams through transformational change efforts. Expert knowledge of risk management principles and practices. Significant understanding of operational, strategic, and reputational risk management strategies and ability to implement effective risk management solutions. Proven application of continuous process improvement solutions. Demonstrated success in innovative thinking to advance process or operational improvement. Ability to establish collaborative relationships with peers and cross-functional partnerships. Advanced communication, diplomacy, negotiation, and influential skills. Understand and comply with bank policy, laws, and FINRA / SEC regulations, and the bank's BSA/AML Program, as applicable to your job duties.

Compensation:

Compensation range (base pay): $95,857.00-$162,957.00

This role may have a specific starting pay within this range.

Final compensation offer to candidate may vary from posted hiring range based upon work experience, education, and/or skill level.

Benefits Overview:

We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs:

• Medical, Dental, Vision Insurance
• 401k, With Matching Contributions
• Time Off Programs
• Health Savings Account (HSA)/Dependent Care
• Employee Banking
• Growth Opportunities
• Tuition Assistance
• Short-Term/Long-Term Disability Insurance

Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/. For additional information regarding compensation and benefits, e-mail FNBO at [e-mail]. To ensure you receive a response, include the number of this job (listed below) in the subject line of your message. Job number: R-20250538

Equal Opportunity & Belonging:

FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey.

Learn more here.

FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.

FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC

FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants)

Application Deadline:

All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.