Vice President of Risk Management

Think Bank; Rochester (MN); On-site; USD 158,400 - 193,600; Full time

Benefits offered by this job

Health insurance with HSA contribution

Vision insurance

Up to 23 days of PTO annually

Seven paid holidays

Four weeks of paid family leave

Up to 7.5% 401(k) employer match

Profit Sharing

Clothing allowance

Job summary

A banking institution is seeking a Vice President of Risk Management to lead fraud prevention, compliance, and risk management teams. The ideal candidate will possess leadership skills and a strong background in risk management practices. Responsibilities include developing the enterprise-wide risk framework and ensuring compliance with applicable laws. Qualified candidates should have a bachelor's degree, 10 years of experience in risk management, and 5 years in a leadership role. This position offers a competitive salary of $176,000 and a comprehensive benefits package.

Qualifications

• Minimum 10 years of progressive experience in risk management in a regulated industry.
• At least 5 years of management or leadership experience.

Responsibilities

• Lead fraud, compliance, risk, and vendor management teams.
• Develop and manage the bank’s enterprise-wide risk management framework.
• Manage fraud prevention activities to minimize exposure to risk.

Skills

Leadership skills

Risk management

Fraud prevention

Regulatory compliance

Team collaboration

Education

Bachelor's degree in business, finance, or related field

Law degree preferred

Job description

Think Bank is seeking a candidate with proven leadership skills and a strong background in implementing and maintaining effective risk management practices to serve as our Vice President of Risk Management.

The VP of Risk Management will lead Think Bank’s fraud, compliance, risk, and vendor management teams while partnering closely with the Chief Risk Officer to enhance the bank’s enterprise risk framework and help define our risk management strategy.

This role will oversee regulatory compliance, direct fraud prevention and investigations, and manage all BSA/OFAC responsibilities. By leading high-performing teams, collaborating across business lines, and proactively identifying emerging risks and regulatory developments, this leader will strengthen processes, minimize losses, and reinforce a strong and effective control environment.

Additional Responsibilities

• Clearly communicate performance expectations, provide regular feedback based on observation, and ensure employees have the skills and training they need to succeed in their roles.
• Partner with the SVP/Chief Risk Officer to develop, implement, and manage the bank’s enterprise‑wide risk management framework.
• Collaborate with business lines and risk partners to identify potential areas of risk and help strengthen the policies and procedures surrounding these activities
• Ensure organizational compliance with applicable laws, policies, rules and regulations
• Work with other leaders to establish a compliance partnership that enables the bank to efficiently meet customers’ needs while operating within established bank and regulatory guidelines
• Manage fraud prevention activities to minimize the bank’s exposure to risk and losses from fraudulent or unauthorized transactions
• Keep abreast of current and emerging fraud schemes and implement recommended changes to detection and prevention processes
• Serve as the BSA and OFAC Officer to ensure BSA/OFAC regulatory requirements are met while maintaining an atmosphere for operational excellence
• Responsible for the development, implementation, and enhancement of required programs, policies, procedures, and controls in compliance with BSA/AML/CFT/OFAC

Education and Experience

• Bachelors degree in business, finance, or related field
• Law degree preferred
• Ten years of progressive experience in risk management in a regulated industry
• Five years management or leadership experience

Compensation

$176,000

Benefits

The position is eligible for a full benefits package including:

• Health insurance with HSA contribution
• Vision insurance
• Up to 23 days of PTO annually
• Seven paid holidays
• Four weeks of paid family leave
• Up to 7.5% 401(k) employer match
• Profit Sharing
• Clothing allowance

At Think we will go the distance to help our employees flourish. We'll give you the training you need to hit the ground running - with confidence - in your new position, help you stay engaged and challenged, and provide an inspiring environment that celebrates your personal style, culture and background.

We're focused on delivering on the promise of being a great place to work, and one of the ways we accomplish this is by creating an environment where all employees feel they have the opportunity to achieve their goals. We value our differences - in thought, style, culture, ethnicity, and experience – and understand that diversity and inclusion are good for business and make our company stronger.