Position Summary:

This position is responsible for the oversight and administration of the organization's risk management and governance framework. They assess and analyze the bank's risk-taking activities, supervise a team responsible for risk assurance across different areas of the organization, and collaborate closely with executive leadership, the Board of Directors, and the Board’s Risk Management and Audit Committees.

In addition, our FIRST Values apply to all teammates without exception.

FIRST Values

• Family – We support, trust, and respect each other, our customers, and our shareholders.
• Independence & Innovation – We embrace change as vital to our success.
• Relationships – We build relationships that are based on strong character, mutual loyalty, trust, and respect.
• Stewardship – We take care of ourselves so we can take care of others.
• Teamwork – We help each other grow and succeed.

Who we are:

The First National Bank in Sioux Falls began its long-term commitment to the Sioux Falls area in 1885. The oldest bank in Sioux Falls owes its longevity to a combination of service, stability, innovation, and family involvement. Over the past 140 years, The First National Bank in Sioux Falls has worked diligently to promote the growth and vitality of our city and the surrounding area. The Bank strives to continually be recognized as a community leader by reinvesting financial resources back into the communities it serves and encouraging active employee involvement in community volunteer organizations.

The First National Bank Way, which is a blend of our Mission Statement and FIRST Values, serves as the foundation of our culture. It is a gift that has been passed down to us and is the legacy that we will protect and preserve. Nothing is more important to us – it is the cornerstone of our success.

Our culture is driven by integrity, service, and strong values; nothing has shaped it more than our FIRST Values.

Our FIRST Values are not just words; they are truly felt by our employees, customers, shareholders, and communities. They tell us who we are as a business and guide our behaviors and decisions as we move forward and build successful relationships.

Although banking has evolved over the years, our mission and values have not and will not change.

What will you do:

Leadership Management Accountability (LMA)

Lead with clear direction, providing the necessary tools to delegate and elevate for growth and development of teammates. Communicate well; own expectations and consequences.

• Communicate with confidence and clarity; ensuring all stakeholders, both internal and external, receive timely and accurate information.
• Creates and supports an environment of collaboration throughout the organization where complex problems are solved through an alliance of diverse individuals and teams, each contributing unique knowledge, experience, and expertise.
• Provide operational and strategic leadership to managers with the ability to delegate, motivate and empower teammates to turn strategic initiatives into actionable, accountable and executable behaviors.
• Results-oriented mindset, setting goals and holding teammates accountable for reaching them.
• Provide coaching and mentorship; collaborate with department leaders to facilitate the personal and professional development of the team; establish relationships consistent with the culture of FNB.
• Engages the workforce in a creative alliance with leadership to drive innovation and change.

Bank Risk Management

Lead bank risk management, responsibility, and obligation within the Bank to identify, assess, monitor, mitigate, and control risks effectively.

• Third Party Risk Management (Vendor Management).
  • Establish, implement, and maintain the bank’s Third-Party Risk Management Program.
  • Consult with Relationship Managers to ensure third parties are appropriately identified, evaluated, and monitored.
  • Regularly report enterprise-wide risk management of third-party relationships to the Risk Management Committee or Board of Directors.
  • Insurance Partner with Facilities Experience Manager, Director of Corporate Affairs, and Chief Employee Experience Officer on the adoption and review of insurance policies to assure coverages and limits are meeting the needs of the bank.
• Attend Enterprise Technology Steering Committee meetings
• Assist business divisions with review, drafting, and negotiation of third-party contracts.
• Model Risk Management
  • Establish, implement, and maintain the Bank’s Model Risk Management Program.
  • Consult with Model Owners to ensure proper model documentation, risk assessments, and validations are in place.
  • Regularly report to the Risk Management Committee or Board of Directors on significant model risk, from individual models and in the aggregate, and on compliance with this and other related policies, procedures, and processes.
• Risk Assessments
  • Office of the Comptroller of the Currency (OCC) Risk Category Assessments
  • Department Risk Assessments (e.g., ACH and Wire).
  • Authentication Risk Assessment
  • IT Asset Risk Assessment, partner with Chief Technology Officer (CTO) to coordinate.
  • Security (Physical and Cyber) Risk Management
    • Coordinate and compile the annual security report to be presented to the Board of Directors.
    • CyberSecurity – Coordinate the completion of the Cybersecurity Assessment Tool (CAT) and Ransomware Self-Assessment Tool, collaborating with the Chief Technology Officer.
    • For Physical Security, partner with Facilities Experience Manager.
• Business Continuity Planning (BCP)
  • Support the bank’s Business Continuity Planning (BCP) Program, collaborating with the Facilities Experience Manager.
• Fiduciary Risk Management
  • Partner with Wealth Management/Fiduciary Risk Manager for execution and reporting.
• Compliance
  • Provide strategic direction to the Consumer Compliance and BSA/AML Programs.
  • Establish, implement, and maintain a process to identify, manage, and analyze consumer complaints.
• Corporate Risk Management
  • Evaluates enterprise risk by identifying, measuring, monitoring, managing, reporting, and escalating risks to inform decision-making in accordance with Corporate Risk Management Policy(ies).
  • Evaluates enterprise risk to provide an understanding of inherent and residual risks as compared to Board-approved levels.
• Regulatory Risk Management
  • Focus on identifying, assessing, mitigating, and monitoring the risks associated with the regulatory environment. Involves ensuring compliance with laws, regulations, and industry standards to avoid legal penalties, financial losses, and reputational damage.

Insurance Management and Support

Effectively oversee insurance activities; while maintaining transparency, compliance, and performance.

• Lead the review of insurance policies with all insurance company representatives to assure coverages and limits are meeting the needs of the bank.
• Conduct quarterly reviews with our insurance representative and Executive members to understand market and bank trends.
• Administer insurance claims involving customers, teammates, and tenants.

Qualifications

Bachelor’s degree is required. Seven or more years of relevant work experience or a combination of education/experience that would enable incumbent to meet accountabilities and required competencies of the position.

Graduate School of Banking degree preferred. Relevant certifications, such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Chartered Enterprise Risk Analyst (CERA) encouraged.

Relevant work experience in banking with a deep understanding of the business environment, to include different types of risks (i.e. financial, operational, compliance, strategic) and the ability to develop and implement risk management strategies is preferred. In-depth knowledge of relevant banking regulations and compliance requirements to ensure the bank adheres to legal and regulatory standards.

Skills and Abilities

• Excellent verbal and written communication skills.
• Ability to work as a facilitator, coach and/or mentor to others.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Excellent organizational skills and attention to detail. High degree of accuracy required.
• Demonstrate a high degree of concern for professional and innovative customer service.
• Excellent time management skills and ability to manage multiple competing priorities.
• Demonstrated knowledge and understanding of business and economics.
• Ability to adapt to the needs of the organization and teammates.
• Adept at thinking critically and creatively.
• Adaptable and able to respond effectively to new and emerging risks.

What’s in it for you?

• Health Insurance
• Dental & Vision Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability
• Tuition Reimbursement Program
• Employee Banking Perks
• Community Volunteer time
• And More!