Director - Risk Management

Atlantic Union Bank; Richmond (VA); Hybrid; USD 140,000 - 190,000; Full time

Benefits offered by this job

Comprehensive benefits package

401(k) plan and retirement resources

Bonus/incentive opportunities

Job summary

Atlantic Union Bank is seeking a seasoned Risk Management leader to identify, assess, and mitigate risks impacting the bank’s operations and objectives. You will drive risk strategy, partner with executives, and mentor a team across departments to strengthen resilience and compliance.

The role emphasizes ownership of risk assessments, policy implementation, and reporting, with a focus on enterprise-wide risk exposure, governance, and continuous improvement of controls.

Qualifications

• Bachelor's degree required; equivalent combination of education and experience may be considered.
• Typically requires mastery level knowledge and skills within assigned discipline, with broad understanding from experience.
• Typically requires 10+ years prior leadership experience and demonstrated ability to lead multiple areas.

Responsibilities

• Owns short- to mid-term execution of the Department's strategy and direction.
• Influences and communicates with executive leadership across units.
• Coordinates risk management activities across departments to mitigate threats.
• Oversees regulatory reporting and ensures compliance with applicable requirements.

Skills

Leadership

Risk management

Stakeholder communication

Data analysis

Education

Bachelor's degree

Job description

General Risk Management responsible for identifying, assessing, and mitigating various risks that could impact the organization's operations and objectives. Activities may include:

• Conducting risk assessments to identify potential threats
• Developing and implementing risk management strategies and policies
• Monitoring compliance with regulatory requirements
• Analyzing data to evaluate risk exposure
• Coordinating risk mitigation efforts across departments
• Providing training and guidance on risk management practices to ensure organizational resilience

Risk Management work focuses on financial, insurance, operational, project, market and/or regulatory risk including identifying and characterizing potential risks, assessing vulnerability of critical assets to specific risks. Activities may include:

• Optimizing the organization's insurance coverage in areas such as property & casualty, general liability, product liability, and directors/officer's liability.
• Risk analysis and modelling to assess probability of specific risks occurring and evaluate/value the impact/consequences of occurrence.
• Developing process and procedures to report on, manage, and mitigate risks to acceptable levels.
• Internal and external stakeholder reporting, including regulatory reporting.
• Other duties as assigned.

Manages a department or small unit that includes multiple teams led by Managers and/or Team Leaders. Responsibilities typically include:

• Ownership of short to mid-term (1-3 years) execution of functional strategy and the operational direction of the Department.
• Problems faced are often complex and require extensive investigation and analysis.
• Requires ability to influence others to accept practices and approaches, and ability to communicate and influence executive leadership.

Knowledge & Experience

• Bachelor's Degree required; equivalent combination of education and experience may be considered
• Typically requires mastery level knowledge and skills within assigned discipline, with broad understanding of areas within the job function, generally gained through experience
• Typically requires 10+ years prior leadership experience, and demonstrates broad management and leadership knowledge to lead multiple job areas

Compensation offered will be based on a variety of factors, including but not limited to education, work experience, skills, certifications, and geographic location, etc.

• Eligible teammates may participate in a comprehensive benefits package that includes medical, dental, vision, life insurance, disability coverage, paid time off, retirement savings through a 401(k) plan, wellness resources, and other programs designed to support teammates' health and financial well-being, subject to plan terms and eligibility requirements.
• In addition, certain positions may be eligible for incentive compensation, bonuses, or other variable compensation, subject to applicable plans and performance criteria.
• General information on our comprehensive benefits package can be found by visiting Employee Benefits | Banking Career Benefits | Atlantic Union Bank

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.