Job Title: Risk Management Officer

Department: Administration

Reports To: Chief Risk/Operations Officer, and the Audit Committee of the Board of Directors

Status: Exempt

Salary Range: $80,000 - $120,000

Who We Are

At Timberline Bank, our people are our most valuable asset. We seek qualified employees who enjoy people, are innovative, and who are eager to learn. We, in return, provide opportunities for personal advancement and professional growth. The driving force behind our dedication to providing a "Better, Faster, Easier. -Always." experience is the Timberline Team. From the moment you enter the building, we greet you as a person, not an account number-our belief in the value of exceeding customers' high expectations is what makes Timberline Bank a bank here for our community. Our commitment has been and always will be to provide high-quality personalized customer service. With the Timberline personal touch, the level of customer Direct responsibility is unparalleled. We want to Direct responsibility for you and your financial well-being, whether through your personal or commercial needs. Each customer contributes to the success of our small business. TO US, IT IS PERSONAL.

What We Value

At Timberline Bank, the core of our culture is in the following values. We believe heavily in fulfilling each one of these to the highest degree. Our culture is the foundation of who we are as a team, and as a business.

1. Exceeding Customers’ High Expectations.
2. Empowering a Dedicated Team.
3. Having Fun While Winning.
4. Passionate About our Communities.
5. Value Added Resource for our Customers (Trusted Advisor).

Position Summary

The Risk Management Officer is responsible for leading the Bank’s Regulatory Compliance, Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Community Reinvestment Act (CRA), Audit and Vendor Management programs. This position ensures the Bank operates in accordance with applicable laws, regulations, and internal policies by identifying, assessing, monitoring, and reporting regulatory risks. The role requires strong leadership, regulatory expertise, and the ability to work collaboratively across departments and with senior management. This role requires both subject matter expertise and the flexibility to operate at both a tactical and strategic level.

Essential Duties and Responsibilities

• Conduct annual risk assessments for Internal Audit, Compliance, and BSA.
• Coordinate regulatory exams and external audits, and present findings to Executive Management and the Audit Committee.
• Oversee the bank’s monitoring, internal control reviews, and audit follow-up processes.
• Provide leadership and strategic direction for vendor management, ensuring compliance throughout the vendor lifecycle.
• Ensure timely and effective resolution of audit and exam findings.
• Lead the Compliance team in maintaining adherence to federal and state regulations.
• Provide oversight of compliance monitoring, policy review, training, and complaint management.
• Review and approve marketing materials and handle incident response management.
• Serve as a subject matter expert on consumer and commercial deposit and lending regulations.
• Provide oversight of BSA/AML monitoring, investigations, and regulatory reporting.
• Supervise the preparation and filing of SARs and CTRs.
• Ensure compliance with OFAC, 314(a), high-risk account reviews, and daily fraud alerts.
• Support team members and frontline staff with BSA-related questions and escalations.
• Manage the CRA Public File, CRA data integrity, and reporting processes.
• Analyze and qualify Community Development activities.
• Prepare for CRA exams, audits, and ongoing performance evaluations.
• Collaborate on community involvement initiatives and ensure regulatory documentation is maintained.

Required Knowledge and Expertise

• Minimum of 10 years of banking experience with increasing responsibility in compliance, audit, and/or risk management.
• Professional certification required: CRCM, CCBCO, CAMS, CBAP, or CCBSO.
• Strong knowledge of federal and Colorado state banking laws and regulations.
• Exceptional communication, critical thinking, and organizational skills.
• Ability to manage multiple projects, lead teams, and work independently.
• Occasional travel to branch locations required.

Key Competencies

• Regulatory Knowledge: Strong understanding of federal and state banking laws (e.g., BSA, AML, CRA, consumer compliance).
• Risk Assessment & Mitigation: Ability to identify, evaluate, and reduce risk across compliance, audit, and operational functions.
• Analytical Thinking: Uses data and trends to assess risk, detect gaps, and recommend solutions.
• Problem Solving : Delivers practical, compliant solutions to complex regulatory and operational issues.
• Team Leadership: Guides and develops Compliance and BSA teams with clarity and accountability.
• Cross-Functional Partnership: Builds effective relationships across departments to support risk and compliance goals.
• Clear Communication: Explains regulatory concepts in practical terms to all levels of staff.
• **Training & Education: **Delivers engaging and informative compliance training and guidance.
• Ethical Judgment: Maintains discretion and acts with integrity when handling sensitive matters.
• Accountability: Takes ownership of responsibilities and ensures follow-through on key risk issues.
• **Time & Task Management: **Prioritizes multiple projects and deadlines effectively.

**Pursuant to the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules, the salary range above represents the low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. The range listed is just one component of the total compensation package for employees. Incentives based on Timberline Team goals may also be offered. In addition, Timberline Bank provides a variety of benefits to full time employees, including health insurance coverage, vision insurance, dental insurance, life and disability coverage, 401K plan, paid holidays and paid time off.

Equal Employer Opportunity Statement:

Timberline Bank prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

All job requirements in the job description provided indicate the minimum level of knowledge, skills, and/or abilities deemed necessary to perform the job competently. Job descriptions are an overview of the duties, responsibilities, and requirements of the position. Employees may be required to perform other job-related assignments as requested. OUR COMPANY ADHERES TO A POLICY OF EMPLOYMENT-AT-WILL, WHICH ALLOWS EITHER PARTY TO TERMINATE THE EMPLOYMENT RELATIONSHIP AT ANY TIME, FOR ANY REASON, WITH OR WITHOUT CAUSE OR NOTICE.