Chief Risk & Information Security Officer
Posted:January 18, 2023
Our Client is searching for their Chief Risk & Information Security Officer.
Purpose of Position:
The Chief Risk & Information Security Officer (CRO/CISO) is responsible for the ongoing management of the Information Security Program including policies, procedures, and technical systems in order to maintain the confidentiality, integrity, and availability of all organizational information systems at (the “Bank”). This includes the oversight of the Risk Assessment, Third-Party Vendor Management, Business Continuity, and IT Audit Programs. Responsibilities also include oversight of the regulatory examination process and serving as a liaison between the Bank and regulators, specifically the OCC, FDIC, and Federal Reserve. CRO/CISO also has responsibility to develop, implement and direct an Enterprise Risk Management program for the Bank which includes systems, processes, policies, and procedures that enable the organization to effectively identify, assess, monitor and control risks from all sources. The CRO/CISO must have strong US banking experience, with a broad understanding of banking risks, technology, systems, information security and best practices.
Key Responsibilities:
Information Security
- Responsible for implementing, managing, and enforcing Information Security directives as mandated by GLBA, FFIEC, PCI Standards and other regulatory requirements
- Manage Information Security Program including policies and procedures
- Coordinate all examinations and formulate/approve all responses and follow-up items with regulators
- Manage and track recommendations and remediation efforts from examinations
- Serve as a liaison between the Bank and its regulators on all information security matters
- Ensure the ongoing integration of information security with business strategies and requirements
- Ensure that the Access Control, Disaster Recovery, Business Continuity, and Risk Management needs of the organization are properly addressed
- Ensure that the policies and processes associated with the Cybersecurity Program are maintained and adequate for the Bank
- Ensure that the policies and processes associated with the Information Security Program are maintained and adequate for the Bank
- Perform or manage ongoing IT Risk Assessments and IT Audits to ensure that
Information Systems are adequately protected and meet GLBA certification requirements - Develop IT Audit Scope, and assist in oversight and management support for scope of all other audits and compliance matters
- Work with vendors, outside consultants, and other third parties to improve Information
Security within the organization - Oversee Vendor Management program efforts to ensure adequate performance and
security practices are in place - Subscribe to threat notification networks, new regulations, and information sharing
networks to stay current on requirements and new threats to the industry - Escalate any security or compliance issues and alerts
- Help define and support process improvements
- Assist with strategic planning
- Prepare analysis of new technology deployed within the infrastructure including
hardware, software, and functional processes and determine level of risk associated with each technology including any existing or potential Fintech partnerships - Provide advice to development teams on how to achieve compliance with regulations and IT Policies and Procedures
- Performs other duties and responsibilities as requested by President & CEO
Enterprise Risk Management
- Develop and continuously evolve the Bank’s Enterprise Risk Management (ERM) Framework
- Liaise with regulators on ERM related matters as well as develop and maintain a broad knowledge and awareness of the banking industry, risk management best practices and regulatory requirements
- Apprise senior management and the Board of Directors on ERM matters and collaborate
with same to create, sustain and strengthen the Bank’s Enterprise Risk Management
program - Identify, monitor and report significant risks to which the Bank is, or is expected to be
exposed, including but not limited to; liquidity risk, credit risk, operational risk, market
risk, strategic risk, legal and regulatory risk, and reputational risk - Manage enterprise risk assessments at the operational level, including assessment of
controls - Monitor the Bank’s risk performance in relation to the Bank’s Risk Appetite Statement, strategic and business plans
- Promote a risk management culture within the Bank
- Participate in special projects and perform other duties as assigned
Policies & Procedures
- Oversee the review, at least annually, of Information Security and Enterprise Risk
Management Policies & Procedures and provide recommendations of areas deemed
appropriate for upgrading - Review and recommend changes to all policies made by business units to ensure the risk tolerances established fit within the Bank’s risk management frameworks and Risk Appetite Statement and present recommended changes to the President and CEO as well as for presentation to Board committees if required
Business Continuity
- Develop and implement the Bank’s Business Continuity Program, including policies and
procedures, testing and training, in order to improve the Bank’s resilience in the event of
a disaster - Ensure all critical documents of the Information Security and Enterprise Risk
Management Department are either safely stored off-site or are scanned into the Bank’s
computer systems - Ensure all Information Security and Enterprise Risk Management Department staff are familiar with the Bank’s Disaster Recovery Plan
- Generally, ensure that the Information Security and Enterprise Risk Management
Department has effective business continuity plans in place
Other
- Responsibility for departmental reporting and compliance requirements
- Preparation and presentation of material to Board and Management committees as
necessary - Perform role as a value-added member of the senior management team
- Other tasks as delegated by the President & CEO from time to time.
Qualifications:
- Must have 10+ years of banking experience in the United States
- Must have 5+ years of experience in IT management with a focus on physical and logical security oversight and/or enterprise risk management experience in the banking industry
- Proven working knowledge of requirements for GLBA, SOC, and PCI and OCC, FDIC,
FFIEC guidance on data security and IT Examination requirements - Experience with auditing processes, including Network Security, SDLC/Change
Management and IT related functions - Knowledge of the global IT Risk Regulatory Landscape and Risk Management Model
(e.g. Threats, Vulnerabilities, and Controls) - Strong technical skills (application and operating system hardening, vulnerability
assessments, security audits, TCP/IP, intrusion detection systems, firewalls, etc.) - Experience in developing and maintaining a technology Risk Assessment process
- Must be well versed in industry accepted IT control frameworks (e.g. SSAE16, SAS70,
or ISO17799 audit reports) - Project and program management concepts and controls experience
- Must possess a high degree of integrity and trust along with strong communication skills
and ability to work individually, within a team and with other business groups - Experience or understanding of Disaster Recovery, Business Continuity, and Incident
Response initiatives - Must have ability to develop policies and procedures and communicate effectively
- Understanding of federal and other regulatory requirements and the ability to keep current
- Experience working with federal examiners
- Must be open to working on-call
- Certifications in data security and/or auditing procedures preferred
- Familiarity with banking related software (Fiserv preferred)
- Multidimensional professional with a background in all aspects of the risk management functions in the banking industry
- Master’s or Graduate Degree is preferred
- Superior analytical and decision-making skills based on effective risk assessment/management
- Demonstrated ability to communicate, persuade and influence across all levels
- Demonstrated ability to identify, analyze and apply conceptual thinking
- Excellent verbal and written communication skills
Interested candidates please contact Stephanie Williams at swilliams@collinsrecruit.com.
Advisor Service, Wealth Solutions
Posted:Jan 4, 2023
Our Client is searching for their next Advisor Service, Wealth Solutions located in Guelph, Ontario.
Are you looking for a place to showcase your client relationship skills? Do you have an entrepreneurial mindset? If so, our client is growing and seeking passionate, energetic and determined people to join our Wealth Solutions team located at our head office in Guelph, ON.
Our client is a fully integrated investment management organization: grounded in real estate, powered by people, and growing for the future. Every aspect is managed with the utmost care and attention to detail, from consulting with investors to fostering a sense of community at each and every one of its properties.
Job Description
The Advisor Service, Wealth Solutions will be responsible for qualifying, education and providing customer care for existing investors through phone, email and in-person enquiries about investment opportunities, while supporting shared goals of creating meaningful value and an exceptional experience for their customers, people and communities.
What you will be doing:
- Provide client support to create and maintain the highest level of excellence in customer experience in all aspects of the interactions between firm and its clients.
- Maintain relationships with existing top tier clients and/or high referral sources with regular investor communications and in person meetings when applicable.
- Actively seek new opportunities while managing investor relationships for new equity investment into firm investments.
- Provide reliable and timely information to current investors and support existing investors through the various education and compliance stages of the investment process.
- Provide client support to maintain excellent customer satisfaction.
Qualities we are looking for:
- Passion – for investment management, finance and economics.
- Professionalism – it means so many things, but to use it’s about taking pride in the quality of service we provide to our customers.
- Personality – you’re the individual with a great sense of humour that everyone wants to talk to! Not only do you know how to make a positive first impression, you know how to make it last.
- Drive – you’re a seasoned traveler who knows that being in front of an investor is one of the best ways to communicate. You’re also not afraid to pick up the phone or present to an audience.
- Diligence – you understand that being thorough is crucial when tracking sales activities and you have experience with Client Relationship Management (CRM) tools like salesforce.
- Knowledge – of exempt market investments and proven experience in providing financial advise. You also have the ability to problem solve and plan effectively and independently.
- Experience – at least 4 years related investment management experience.
- Education – a University Degree (Business, Economics, Accounting, Finance), completion of Canadians Securities course, CIM/CFA designations preferred and the ability to meet all regulatory requirements to be registered as a Dealing Representative for an Exempt Market Dealer.
Why you want to work here:
- You are the epitome of a people person and much like your humble demeanor, providing excellent customer service comes second nature to you.
- Relationships are important to you and you know how to build trust especially over the phone and face to face.
- You are eager to help build a business you believe in and fiercely driven to make your mark in a competitive industry.
- You get a thrill from working with a great team and enjoy collaborating with others.
- Schmoozing is fun for you and sharing your love of our exempt market products with others is why you get out of bed in the morning.
- Working for a growing company that supports environmental stewardship and social responsibilities is a must for you.
- You want to work for an employer that supports work-life balance and truly cares that you are fulfilled in your life.
Interested candidates please contact Stephanie Williams at swilliams@collinsrecruit.com.
Advisor, Wealth Solutions
Posted:Jan 4, 2023
Our Client is searching for their next Advisor, Wealth Solutions located in Toronto, Ontario.
Do you thrive in a fast-paced, professional, and fun environment? Are you looking for a place to showcase your client relationship skills? Do you have an entrepreneurial mindset? If so, our client is growing and seeking passionate, energetic, and determined people to join their Wealth Solutions team!
Our client is a fully integrated investment management organization; grounded in real estate, powered by people, and growing for the future. Every aspect is managed with the utmost care and attention to detail, from consulting with investors to fostering a sense of community at each and every one of its properties.
Job Description:
The Advisor, Wealth Solutions will utilize their strong relationship management skills and experience to create referral sources for new investors as well as manage existing investors, while supporting shared goals of creating meaningful value and an exceptional experience for their customers, people, and communities.
What you will be doing:
- Prospecting new leads generated by marketing.
- Develop new investor lead sources and centers of influence.
- Maintain relationships with existing top tier clients and/or high referral sources with regular investor communications and in person meetings when applicable.
- Provide reliable and timely information to current and prospective investors and support prospective and existing investors.
- Provide client support to maintain excellent customer satisfaction.
Qualifications:
- Passion – for investment management, finance and economics.
- Professionalism – it means so many things, but to us it’s about taking pride in the quality of service we provide to our customers.
- Personality – You’re the individual with a great sense of humour that everyone wants to talk to! Not only do you know how to make a positive first impression, you know how to make it last.
- Drive – You’re a seasoned traveler who knows that being in front of an investor is one of the best ways to communicate. You’re also not afraid to pick up on the phone or present to an audience.
- Diligence – you understand that being thorough is crucial when tracking sales activities and you have experience with Client Relationship Management (CRM) tools like Salesforce.
- Knowledge – of exempt market investments and proven experience in providing financial advice. You also have the ability to problem solve and plan effectively and independently.
- Experience – at least 5 years related investment management experience.
- Education – a University Degree (Business, Economics, Accounting, Finance), completion of Canadian Securities course, CIM/CFA designations preferred and the ability to meet all regulatory requirements to be registered as a Dealing Representative for an Exempt Market Dealer.
Why you want to work there:
- You are the epitome of a people person and much like your humble demeanor, providing excellent customer service comes second nature to you.
- Relationships are important to you, and you know how to build trust especially over the phone and face to face.
- You are eager to help build a business you believe in and fiercely driven to make your mark in a competitive industry.
- You get a thrill from working with a great team and enjoy collaborating with others.
- Schmoozing is fun for you and sharing your love of our exempt market products with others is why you get out of bed in the morning.
- Working for a growing company that supports environmental stewardship and social responsibilities is a must for you.
- You want to work for an employer that supports work-life balance and truly cares that you are fulfilled in your life.
Interested candidates please contact Stephanie Williams at swilliams@collinsrecruit.com.
Assistant Vice President, Credit
Posted:December 13, 2022
Our Client is searching for their next Assistant Vice President, Credit.
Title: Assistant Vice President, Credit
Reports to: Chief Credit Officer
Purpose of Position:
To manage activities within the credit department for credit approval, credit renewal, credit amendments and related controls, procedures and reporting primarily for the Commercial Banking business unit.
Key Responsibilities:
Credit & Funding Supervision
- Provide constructive feedback to lenders on new lending opportunities
- Provide advice and/or observations on all credit submissions and related documentation, primarily from the standpoint of credit risk, challenging submissions with a written response when appropriate
- Provide approval of acceptable lending requests in line with delegated authorities under the Credit Facilities Approval Policy
- Ensure that credit decisions are adequately documented in credit files
- Review of all submissions and the portfolio generally as to:
- Quality of supporting comments/clarity etc.
- Acceptability of risk profile
- Underwriting quality
- Account management is using the correct credit template for the credit submission
- Ensure connection of borrowers established within the body of the credit and AMS front page as dictated by Common Risk policies
- Transaction is assigned the correct risk weight and that NAICS and Asset Categorization assignment within AMS by the account manager is correct
- Confirmation of data input into AMS
- Appropriateness of the risk rating and that the risk rating grid captures the correct data
- Any exception to credit is documented as a Special Case Lending Transaction and appropriate rationale exists to support the Special Case Lending Transaction Acceptability/rejection of appraisal and adequate commentary to support appraisal and/or adjustment of value accordingly
- Policy compliance to product offering
- Portfolio policy compliance to borrower/connection, product, geographic and/or industry limits
- Regulatory compliance
- Monitor action plans with respect to underperforming loan assets related to the
Commercial Banking business unit - Follow-up with account management and institute action as appropriate, after consulting the overdue review report, delinquency report, and security and AML deficiency report
- Responsible for the sign-off of all loan advances related to Commercial Banking business unit. Sign-off ensures that a credit has been approved, all security is in place (or to be funded in escrow subject to solicitor obtaining security) and that the incumbent is satisfied that all conditions precedent and/or other conditions of funding have been satisfied
Credit Policies & Procedures
- Assist CCO with the maintenance and amendments with the Credit Policies and the Credit Portfolio Management Procedures
- Undertake review, at least annually, of the Credit Policies and the Credit and Portfolio Management Procedures Manual, providing recommendations of areas deemed appropriate for upgrading and then implementing the changes Undertake review, at least annually, of the Credit Policies and the Credit and Portfolio Management Procedures Manual, providing recommendations of areas deemed
appropriate for upgrading and then implementing the changes - Preparation of change to Commercial Banking Policies for presentation to the CCO, the President and CEO, as well as for presentation to committees if required
- Provide constructive input as to changes being considered in policy regarding
concentration levels (i.e. Large Exposure Policy, Asset Concentration Policy, Industry Limit Policy)
Reporting
- Assist the CCO with the preparation and presentation of materials for Risk Oversight Committee meetings, primarily, all necessary reporting regarding the Commercial Banking business unit as well as the completion of the Loan Portfolio Tracking Report
- Monitor and update data warehouse reports to ensure they are capturing information correctly and develop any new necessary data warehouse reports to assist with the risk management of the Commercial Banking business unit
- Develop and maintain a reporting structure with the CCO to keep the senior management abreast of trends and risks in the Commercial Banking business unit Develop and maintain a reporting structure with the CCO to keep the senior management abreast of trends and risks in the Commercial Banking business unit
Audits
- Be the primary contact with the internal auditor, external auditors, and regulatory bodies on credit related matters associated with the Commercial Banking business unit
Temporary Absence
- Provide relief to the CCO during temporary absences
- To provide temporary relief, the incumbent will need to familiarize themselves with the Structured Finance business line product offering and policies
Anti-Money Laundering and Anti-Terrorist Financing
- Responsible to remain current and comply with anti-money laundering and anti-terrorist financing legislation, regulations and requirements as they pertain to the position’s area(s) of responsibilities
- Ensure that the correct AML risk rating has been assigned to each credit transition presented to the credit department and CAMLO signature is obtained on the credit application when dictated by policy
Other
- Assist the CCO with the calculation and supporting rationale of the collective allowance on a quarterly basis
- Responsibility for departmental reporting and compliance requirements
- Preparation and presentation of material to Board and Management committees as necessary
- All Bank employees must be aware of and apply the guidance of the Operational Risk Appetite Statement, practice risk smart behavior and understand the risks they can and cannot accept. All Bank employees must understand the risks that fall within their areas of responsibility, report to Senior Management on the identification of new risks, and manage known risks within approved policy and procedure limits.
- Develop administrative staff
- Other duties as assigned by the CCO
Qualifications:
- Multidimensional banking professional with a background in all aspects of the commercial credit function
- Previous experience in credit underwriting with a broad spectrum of clients
- An exposure to public sector leasing and project lending to public/private partnerships would be a definite asset
- Bachelor’s Degree in Business, Finance, Accounting or related field or equivalent work experience
- Master’s Degree in Business Administration, Chartered Accountant Designation or FICB degree is preferred
- 10+ years of work-related experience with a variety of credit products
- 5+ years’ experience in real estate lending
- Superior analytical and decision-making skills based on effective assessment/management
- Excellent verbal and written communication skills
- Demonstrated ability to work effectively with lenders
- Proficient knowledge of standard office equipment including PC skills with emphasis using MS products including Word & Excel
*Potential to progress to VP, Credit
Interested candidates please contact Stephanie Williams at swilliams@collinsrecruit.com.