Director of Enterprise Risk Management

Our ideal candidate: We are seeking candidates deeply committed to our mission: to transform the banking industry from within. We lead by example, collaborate with and invest in change-makers and build sustainable prosperity in our communities.

Who we are: Beneficial State is one of only a handful of B-Corp banks in the nation and one of the highest-rated B-Corps on the planet. That means that we subscribe to a rigorous evaluation standard that measures our positive impact, not just our profitability. We demonstrate how a bank can combine social equity, environmental sustainability, and business stability to create a better financial system - a system that drives inclusive prosperity to benefit people and the planet. #BCorp #WeAreBCorps

Join our team: If you are ready to do challenging and transformative work that will build a brighter future for us all, and you are hungry to bring your passion and energy to the table, we welcome your application.

TITLE:

SVP

JOB CODE:

FLSA:

Exempt

SALARY GRADE:

13

JOB FAMILY:

(Admin)

UNION REPRESENTATION:

NA

DEPARTMENT:

Operations

SUPERVISORY ROLE Y/N:

N

SCHEDULE:

LOCATION:

Monday-Friday

Hybrid/Oakland

CATEGORY:

REVISION DATE:

Full-Time

08/01/2026

ABOUT US

We practice Beneficial Banking by investing in social and environmental impact, prioritizing transparency, and expanding access to equitable financial products, all in pursuit of a banking system that is regenerative for the planet and equitable for all. We bring that same commitment to our people by cultivating a vibrant, inclusive, and purpose-driven culture where employees are empowered to grow, contribute, and thrive. Together, we strive to make a meaningful difference in the communities where we live and work, creating positive impact through partnership, service, and shared success.

POSITION OVERVIEW

The Director of Enterprise Risk Management (ERM) leads and maintains the Bank's enterprise risk management framework, providing independent oversight and coordination of risk identification, assessment, monitoring, reporting, and mitigation. The role ensures risk management practices are embedded in strategic planning, decision-making, governance, and daily operations.

The ERM partners with Department Heads, Compliance, and Audit to develop, implement, maintain, review, and oversee an effective risk management framework. This role supports projects and activities that promote compliance with applicable federal, state, and local laws and regulations; identifies gaps; recommends solutions to reduce losses from inadequate processes, systems, or human error; and identifies, responds to, or escalates risks as appropriate. The ERM also serves as a functional liaison between the lines of business and the Lines of Defense.

The ERM advises executive leadership, the Enterprise Risk Management Committee (ERMC), and the Board of Directors on risk appetite, emerging risks, risk governance, and enterprise resiliency. The position promotes a proactive risk culture while supporting the Bank's mission, strategic objectives, regulatory obligations, and stakeholder expectations.

The Bank's risk management structure supports governance that is systematic, transparent, credible, timely, and verifiable, with clear roles and responsibilities. Its purpose is to manage risks that may affect the Bank, including credit, financial, liquidity, market, operational, reputational, strategic, and other relevant risks. The Director partners with senior and executive leaders to create, implement, and maintain the risk management framework; support compliance-related projects and activities; identify gaps; drive solutions that reduce losses from process, system, or human error; escalate risks as needed; and support policies and procedures that strengthen performance and reduce regulatory exposure.

The ERM provides independent risk analysis, constructive challenge, and recommendations on enterprise risk exposures and governance effectiveness. The role escalates material risks, policy exceptions, control weaknesses, and emerging concerns through established governance channels. Risk ownership and risk acceptance remain with designated business leaders and executive management under approved delegated authorities.

ERM reports to the Chief Operating Officer or Chief Executive Officer with direct access to and interaction with the Audit Committee and any other Risk Committee at the board level.

ESSENTIAL DUTIES

Enterprise Risk Management Leadership

• Lead the design, implementation, enhancement, and ongoing administration of the Bank's Enterprise Risk Management Program.
• Maintain a comprehensive enterprise risk framework aligned with regulatory expectations and industry best practices.
• Facilitate enterprise-wide risk assessments and risk identification processes.
• Develop and maintain methodologies for risk scoring, prioritization, and aggregation.
• Provide independent risk analysis, oversight, and constructive challenge on risk exposures, mitigation strategies, governance effectiveness, and alignment with the Bank's risk appetite.
• Ensure material risks are identified, documented, monitored, and escalated appropriately.
• Conduct emerging risk assessments and environmental scans to identify future threats and opportunities.

Risk Appetite and Governance

• Facilitate the development, maintenance, monitoring, and periodic update of the Bank's Risk Appetite Statement.
• Establish and monitor key risk indicators (KRIs), thresholds, and escalation protocols.
• Coordinate periodic reviews of risk appetite metrics and tolerance levels.
• Support executive management and the Board in evaluating adherence to approved risk appetite.
• Maintain the Enterprise Risk Management Policy and Charter and coordinate updates through established governance processes.
• Recommend improvements to risk governance and oversight processes while recognizing that risk ownership and risk acceptance decisions remain with designated business leaders and executive management.

Risk Reporting and Board Support

• Prepare enterprise risk reports, dashboards, trend analyses, executive summaries, and quarterly Board risk reporting packages.
• Present risk assessments, emerging risks, and enterprise risk trends to executive leadership and Board committees.
• Coordinate materials and reporting for the Enterprise Risk Management Committee.
• Provide clear, actionable risk insights that support strategic and operational decision-making.
• Escalate material risks, significant control issues, policy exceptions, and emerging concerns through established governance channels.

Enterprise Risk Assessments

• Lead annual and periodic enterprise risk assessments.
• Facilitate risk workshops with executive leadership and business units.
• Maintain the enterprise risk inventory and risk register, including risk ownership, ratings, mitigation plans, and action item tracking.
• Monitor mitigation plans and management action items.
• Validate risk ownership assignments and accountability structures.

Risk Framework Integration

• Promote integration of risk management into strategic planning, capital planning, budgeting, project governance, vendor management, and major business initiatives.
• Partner with Information Security, Compliance, Internal Audit, Finance, Human Resources, Operations, and Technology teams to ensure consistent risk oversight.
• Support governance committees through risk analysis and reporting.
• Ensure risk considerations are incorporated into new products, services, technologies, and strategic initiatives.

Regulatory and Compliance

• Maintain awareness of applicable regulatory guidance and industry expectations regarding risk governance.
• Support examinations, audits, and regulatory reviews related to enterprise risk management.
• Coordinate responses to risk governance recommendations and findings.
• Assist in maintaining ERM-related policies, charters, procedures, and standards.
• Complete assigned mandatory compliance training as scheduled.

Data, Metrics, and Technology

• Oversee development and maintenance of enterprise risk dashboards and reporting tools.
• Champion the centralization and governance of risk-related data.
• Evaluate, lead and support implementation of risk management technology solutions.
• Ensure the accuracy, completeness, and integrity of risk reporting information.

Risk Culture and Organizational Leadership

• Promote a culture of accountability, collaboration, continuous improvement, and sound risk management.
• Develop and deliver enterprise risk education and training programs that support organizational awareness and regulatory expectations.
• Provide guidance and consultation to business leaders regarding risk management practices, governance requirements, and emerging risks.

The position performs duties specific to the position and other functions as assigned.

ROLE COMPETENCIES/SKILLS

• Attention to Detail

• Collaboration & Communication

• Diversity & Inclusion

• Execution & Ownership

• Time Management

• Leadership

• Managing Complexity

• Strategy Management

• Systems Thinking

• Risk Management

• Analytical Thinking

• Benchmarking

• Compliance

• Critical Thinking

WORKING ENVIRONMENT & PHYSICAL DEMANDS

The work environment characteristics and the physical and cognitive requirements described here are representative of those an employee encounters while performing the essential functions of this position.

• This position is based in a non-confined office setting where the employee is free to move about as needed. This role is performed in a typical office environment. For hybrid and remote positions, work may also be performed away from BSB worksites, depending on business needs. Employees working remotely are required to maintain a dependable, high-speed internet connection and a work environment conducive to frequent phone and video calls, where private, confidential, or proprietary information cannot be seen, overheard, or otherwise accessed by unauthorized individuals.
• This position requires writing, typing, speaking, listening, lifting up to 10 pounds, driving (personal, company, or rental vehicle on occasion), carrying, sitting, pulling, walking, standing, squatting, kneeling, reaching, and using close, color, and peripheral vision, depth perception, and the ability to adjust focus.
• This position may require the ability to operate any or all the following: personal computer, cellular telephone, printer, fax, and other standard office equipment.
• This position requires the ability to read and interpret documents, perform detailed work, solve problems, interact with customers, apply reasoning and mathematical skills, communicate effectively both verbally and in writing, deliver presentations, analyze information, manage multiple concurrent tasks, adapt to changing priorities, and work effectively in a fast-paced environment with frequent interruptions.
• Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

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POSITION REQUIREMENTS

Minimum Qualifications

• Bachelors degree or Certification in Business, Risk Management, or related field.
• Minimum 12 years of progressive experience in enterprise risk management, operational risk, compliance, audit, banking, financial services, or related disciplines.
• Minimum 5 years of leadership experience.
• Strong understanding of banking regulations and risk governance frameworks such as COSO ERM, ISO 3100, and the various Interagency guidance on sound risk management practices
• Experience presenting to executive leadership and Boards of Directors.
• Demonstrated expertise in risk assessment methodologies, risk reporting, and governance practices.

Preferred Qualifications

• Professional certification such as Certification in Risk Management Assurance (CRMA), Certified Regulatory Compliance Manager (CRCM), Certified Enterprise Risk Professional (CERP), Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA).
• Experience within a regulated financial institution.
• Experience supporting Board Risk Committees or Enterprise Risk Committees.Experience implementing risk management platforms such as Logic Manager, Auditboard or other GRC tools.

Management reserves the right to change this position description at any time according to business needs.

COMPENSATION

The posted pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role but may include ranges from the different geographies where this position may be based. New employees starting pay is usually from the start of the range to approximately 25% of the max, more qualified and/or experienced employees may start near the middle of the range for their geography. We may ultimately pay more or less than this range.

Compensation for our organization is based on factors that include the role, required knowledge, skills, abilities and competencies, and candidates' relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. Our pay ranges are based on national living wage indexes, such as MITs living wage index, to enable us to pay our employees beyond what are standard practices for many employers, and also take into account geographically-specific recent compensation market survey data for each position.

BENEFITS

Beneficial State Bank's benefits include a comprehensive package designed to support you and your eligible dependents. We focus on the holistic health of our team members and promote work-life balance.

Our benefit package includes:

• Medical / Dental / Vision / Basic Life / STD / LTD
• Vacation Days: 2-4 weeks depending on role
• Sick Days: 12 days per year
• Holidays: 11 days per year
• 401(K) / ROTH / FSA / HSA / EAP
• Education and Adoption Assistance
• Bank-Wide Annual Discretionary Bonus Program
• Production-based incentive program available for some roles.
• Paid Volunteer Time: 4 days per year / annual match of qualifying employee donations
• Paid Sabbatical Program after 5 years of service
• Pet Benefits

For detailed information about our benefits, please visit http://www.beneficialstatebank.com/about-us/careers

You are welcome here at Beneficial State Bank. We are an equal opportunity employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, national origin, gender identity, disability or veteran status.