Chief Risk Officer

Why Broadway Bank:
We are one of the largest independently owned banks in
Texas with offerings in personal and private banking, wealth management,
business banking and mortgage lending.

Position Overview:

The Chief Risk
Officer (CRO) is a senior executive responsible for the enterprise-wide
leadership, development, and execution of the Bank's risk management framework.
This role ensures the effective identification, measurement, monitoring, and
mitigation of all key risk categories, including financial, credit, regulatory,
legal, operational, and reputational risk. This position leads the Bank's second line of defense and partners
closely with executive leadership and the Board of Directors to define and uphold
the Bank's risk appetite, strengthen risk culture, and align risk strategies
with overall business objectives. The CRO also provides executive leadership
over the bank's Enterprise Risk Management Department including Regulatory
Compliance, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Fraud, Business
Continuity Planning (BCP), and the Governance Risk and Compliance (GRC)
framework, ensuring adherence to all applicable laws, regulations, and industry
standards.

Essential Functions:

• Lead the design, implementation, maintenance, and continuous enhancement of the Bank's Enterprise Risk Management (ERM) framework to identify and manage risk and to ensure alignment with strategic goals, business needs, and regulatory expectations and requirements.
• Partner with executive leadership and the Board to define, communicate, and operationalize the Bank's risk appetite and risk tolerance levels.
• Develop, implement, and maintain risk management policies, procedures, limits, and governance structures across all lines of business.
• Provide comprehensive and timely reporting to senior management and the Board on risk exposures, trends, and emerging risks.
• Serve as a primary liaison with regulatory agencies and external auditors, ensuring transparent communication and successful examination outcomes.
• Oversee and direct the Bank's Enterprise Risk Management Department, including Regulatory Compliance, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), Fraud, Business Continuity Planning (BCP), and the Governance Risk and Compliance (GRC) framework.
• Provide oversight of the lending portfolio, working with the Chief Credit Officer to ensure sound underwriting standards, concentration risk monitoring, and stress testing protocols.
• Work closely with the Chief Procurement Officer to monitor and maintain a sound third-party risk management program.
• Manage the bank's GRC solution by integrating technology with a strong risk-aware culture focusing on regulatory compliance and operational resilience.
• Map risks to controls, leveraging automation for real time monitoring and fostering cross functional collaboration across the organization.
• Identify critical assets and align the GRC framework with the bank's risk appetite.
• Provide independent challenge and risk management perspectives in the evaluation of new products and services or significant changes in existing products and services and provide guidance on appropriate controls.
• Lead enterprise-wide risk assessments, scenario analysis, and stress testing to proactively identify and mitigate potential risks.
• Perform comprehensive risk assessments to identify new risks (e.g. cybersecurity, fraud) and prioritize them.
• Regularly review controls to identify gaps and update the GRC system to adapt to evolving regulatory requirements.
• Evaluate the use of Artificial Intelligence (AI) and other technologies to identify risks and manage risks related to AI implementation.
• Develop and maintain an appropriate Model Risk Management program.
• Build the ability to withstand disruptions such as cyberattacks and economic shocks.
• Lead risk related crisis management.
• Utilizes appropriate resources to monitor macro and micro economic factors that can impact risk assessments.
• Lead the Bank's Business Continuity and Pandemic Planning programs, including business impact analyses, risk assessments, testing protocols, and regulatory compliance.
• Foster a strong risk aware culture across the organization through education, communication, and integration of risk management into business processes.
• Provide strategic input as a member of the executive leadership team, contributing to organizational planning, growth initiatives, and risk-informed decision-making.
• Maintain awareness of industry trends, regulatory changes, and emerging risks, ensuring the Bank remains proactive and compliant.
• Lead and participate in special projects and strategic initiatives as assigned.
• This position may require travel within the Bank's geographic area.

Experience & Education:

• 10+ years of supervisory experience leading risk, credit, compliance, or related functions.
• 15+ years of experience in Banking (Risk Management, Lending, Loan Review, Credit Administration, Compliance, Audit) or within a regulatory agency.
• 10+ years of experience in Special Assets, including demonstrated expertise in legal and bankruptcy concepts, loan workout strategies, appraisal methodologies, and foreclosure processes.
• Bachelor's Degree in Business Administration with a concentration in Finance or Accounting.
• Master of Business Administration (MBA), Certified Public Accountant (CPA), or Juris Doctor (J.D.) preferred.

Skills & Qualifications:

• Deep expertise in enterprise risk management frameworks and regulatory expectations within the banking industry.
• Strong knowledge of credit risk, operational risk, compliance risk, legal risk, and reputational risk management practices.
• Advanced understanding of banking regulations, including BSA/AML, CRA, and applicable federal and state regulatory requirements.
• Proven ability to develop and implement risk strategies aligned with organizational objectives.
• Demonstrated leadership experience managing multiple risk-related functions.
• Ability to communicate complex risk concepts clearly and confidently to executive leadership and the Board of Directors.
• Strategic thinking and decision-making capabilities with a proactive, solutions-oriented approach.
• Strong governance and policy development experience, including risk frameworks, procedures, and controls.
• High level of integrity, professionalism, and sound judgment in managing sensitive and confidential matters.
• Proficiency in Microsoft Office applications, including advanced spreadsheet and reporting capabilities.
  

Other Requirements:

• Active
  participation in executive leadership activities and committees.
• Ability
  to engage effectively with regulators, auditors, and external partners.
• Commitment
  to maintaining current knowledge of regulatory changes and industry best
  practices.
• May
  require occasional travel for regulatory meetings, property evaluations,
  or industry engagement.
• Requires the ability to lift, carry, push, pull weights or otherwise move objects weighing as much as 10 lbs. on a regular basis and/or for extended periods of time during the workday.
• Occasional overtime or extended hours may be required.

We're a culture that offers resources to benefit your
overall health and well-being:

• Career Development and Mentorship Programs
• Generous paid time off, minimum 4 weeks
• Employee recognition, awards, and events
• Free vision insurance
• Retirement matching
• Tuition reimbursement

This job description is not
designed to be a comprehensive listing of duties, responsibilities, or
activities that are required for this job. Duties, responsibilities, and
activities may change at any time with or without notice.

Broadway Bank
is proud to be an Equal Opportunity Employer. Broadway Bank is a drug-free and
tobacco-free workplace, with a nicotine-free hiring policy. All qualified applicants
will receive consideration for employment without regard to race, color, sex,
sexual orientation, gender identity, religion, national origin, disability,
veteran status, or other legally protected status.

Member FDIC