What are the responsibilities and job description for the VP/Enterprise Risk Manager position at Commercial Bank of California?
Location: California
Job Type: Exempt | Full Time | Hybrid Eligible.
Salary Range: $120,000 – $150,000 per year*
About Commercial Bank Of California
Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $3.5 billion in assets as of December 2024.
We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to thrive.
As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that’s redefining what it means to be a community-focused, relationship-driven bank that puts people over profits.
Summary
Job Summary
The role of VP/Enterprise Risk Management is responsible for directing, executing, and developing the Company’s Enterprise Risk Management (ERM), Vendor Management, FDICIA and Model Risk Governance programs. This position reports to EVP, Chief Risk Officer, and will be expected to work closely with all aspects of the organization’s operational and executive leadership to identify, assess and mitigate the high priority risks of the organization. The VP/ERM is expected to exhibit a high degree of credibility and influence on risk-related matters.
The individual utilizes excellent communication skills, both written and verbal, to communicate complex issues in a simple manner to management, executives, committees and the Board.
Essential Duties And Responsibilities
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Equal Employment Opportunity & Accommodations
Commercial Bank of California is proud to be an Equal Employment Opportunity employer. We are committed to creating an inclusive environment for all employees and applicants. All qualified individuals will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, protected veteran status, or any other legally protected characteristic.
We evaluate applicants fairly and equitably, including those with criminal histories, in accordance with applicable federal, state, and local laws.
Commercial Bank of California is also committed to providing reasonable accommodations to individuals with disabilities. If you require a reasonable accommodation during the application or interview process, please contact us at hr@cbcal.com with the nature of your request and your contact information.
Recruitment Policy
Commercial Bank of California does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to CBC, either directly or indirectly, will be considered the property of Commercial Bank of California.
We will not pay a fee for any placement resulting from the receipt of an unsolicited resume. To submit candidates for consideration, recruiting agencies must have a valid, written, and fully executed agreement with Commercial Bank of California. Without such an agreement in place, no agency submissions will be accepted or compensated.
Job Type: Exempt | Full Time | Hybrid Eligible.
Salary Range: $120,000 – $150,000 per year*
About Commercial Bank Of California
Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $3.5 billion in assets as of December 2024.
We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to thrive.
As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that’s redefining what it means to be a community-focused, relationship-driven bank that puts people over profits.
Summary
Job Summary
The role of VP/Enterprise Risk Management is responsible for directing, executing, and developing the Company’s Enterprise Risk Management (ERM), Vendor Management, FDICIA and Model Risk Governance programs. This position reports to EVP, Chief Risk Officer, and will be expected to work closely with all aspects of the organization’s operational and executive leadership to identify, assess and mitigate the high priority risks of the organization. The VP/ERM is expected to exhibit a high degree of credibility and influence on risk-related matters.
The individual utilizes excellent communication skills, both written and verbal, to communicate complex issues in a simple manner to management, executives, committees and the Board.
Essential Duties And Responsibilities
- Champion and implement the Bank’s ERM framework in alignment with the EVP’s vision, driving a comprehensive, enterprise-wide risk management program.
- Lead the development and integration of ERM tools, practices, and policies to support risk analysis, reporting, and data management across the organization.
- Consolidate and streamline risk documentation, assessments, and metric reporting to enhance risk visibility and control.
- Monitor key performance indicators and collaborate with management to identify emerging risks early.
- Partner with business units to conduct risk assessments for new products and services, ensuring alignment with regulatory requirements and industry best practices.
- Direct the completion of annual enterprise-wide risk assessments in accordance with regulatory expectations.
- Serve as a member of the Executive Leadership Team, contributing strategic insights and driving initiatives that enhance member value.
- Prepare and deliver risk reporting presentations to executive management, risk committees, and support CRO reporting to the Audit Committee and Board of Directors.
- Communicate complex risk concepts clearly and effectively through written reports, presentations, and stakeholder engagement.
- Independently review and approve models and User-Defined Applications (UDAs) for use in Bank operations, ensuring alignment with strategic and regulatory objectives.
- Manage model risk governance policies and audits, including the development and maintenance of model-related standards and documentation.
- Lead the design and implementation of a best-in-class model risk governance framework across the Bank.
- Provide regular reporting to senior management and Board committees on model risk matters.
- Serve as the primary liaison for regulatory interactions related to model governance.
- Maintain a comprehensive model inventory and ensure ongoing compliance with evolving regulatory requirements.
- Serve as a backup for Vendor Management activities as needed, maintaining a thorough understanding of the Vendor Management Program and associated risks.
- Ensure vendor relationships are managed within acceptable risk tolerances and in accordance with Bank policies.
- Perform other related responsibilities as assigned to support the Bank’s risk and compliance objectives.
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
- Bachelor’s degree in risk management, Business Administration, or a related field and 10 years of experience in risk management, audit and banking. Minimum of five (5) years supervisory experience required.
- Advanced degrees (e.g. MBA) and/or job-related certifications are preferred but not required.
- Must have strong underlying knowledge of regulatory frameworks within federally insured depository institutions.
- Strong interpersonal, oral and written communication skills and the ability to partner with business owners as a risk and compliance subject matter expert for their business cases and / or other project related matters to Senior Management.
- Competitive employer contribution to medical, dental and vision coverage
- 401k plan with employer match
- Flexible Spending Accounts (FSA) and Dependent Care Accounts
- Employee Assistance Program (EAP)
- Employer provided Calm subscription
- Employer provided mental health benefits through Teladoc
- Life, AD&D and disability insurance
- Minimum 15 Days of Vacation, 11 Paid Federal Holidays, Paid Time off to Volunteer
- Online discount program
- Tuition Reimbursement Program
Equal Employment Opportunity & Accommodations
Commercial Bank of California is proud to be an Equal Employment Opportunity employer. We are committed to creating an inclusive environment for all employees and applicants. All qualified individuals will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, protected veteran status, or any other legally protected characteristic.
We evaluate applicants fairly and equitably, including those with criminal histories, in accordance with applicable federal, state, and local laws.
Commercial Bank of California is also committed to providing reasonable accommodations to individuals with disabilities. If you require a reasonable accommodation during the application or interview process, please contact us at hr@cbcal.com with the nature of your request and your contact information.
Recruitment Policy
Commercial Bank of California does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to CBC, either directly or indirectly, will be considered the property of Commercial Bank of California.
We will not pay a fee for any placement resulting from the receipt of an unsolicited resume. To submit candidates for consideration, recruiting agencies must have a valid, written, and fully executed agreement with Commercial Bank of California. Without such an agreement in place, no agency submissions will be accepted or compensated.
- Please note: The actual base pay within this range will be determined by a variety of factors, including—but not limited to—your relevant experience, skills, qualifications, and other job-related considerations.
Salary : $120,000 - $150,000
