Chief Risk Officer

CHIEF RISK OFFICER

Republic Bank of Chicago – Chicago’s Hardworking Bank

Position: Chief Risk Officer

Company: Republic Bank of Chicago

Location: Oak Brook, IL

Reports to: CEO/President, Republic Bank of Chicago

About Republic – Chicago’s Hardworking Bank 

Republic Bank has been dedicated to and deeply rooted in the communities we serve since 1964. We live where you live. We work where you work.

We are proud to serve local businesses and individual clients, contributing to their financial success.

At Republic Bank, we are building a team of talented and enthusiastic professionals who share our passion for doing right by others. We are committed to new ideas, new ways of thinking, and we have a focus on your development as a teammate, professional colleague, and respected partner to the business.  

Position Summary

Republic Bank of Chicago is seeking a visionary EVP/Chief Risk Officer to lead and oversee the Bank’s risk management function. This executive-level strategic role is responsible for safeguarding the Bank’s operations, reputation, and regulatory standing by developing and executing a comprehensive risk strategy. The CRO will oversee key risk functions including regulatory compliance, anti-money laundering (AML), vendor risk management, and information security, while fostering a risk-aware culture across the organization.

What You’ll Do

As EVP/Chief Risk Officer of Republic Bank of Chicago, you may provide expertise and leadership with the following activities including but not limited to:

• Develop and execute a comprehensive risk management framework aligned with the Bank’s strategic goals and risk appetite.
• Identify and advise executive leadership and the board on emerging risks and mitigation strategies.
• Ensure the Bank is in compliance with all applicable federal and state banking regulations; and continuously enhance compliance policies and procedures.
• Oversee the BSA/AML program, including transaction monitoring, suspicious activity reporting, and customer due diligence, with enhanced controls tailored to the Bank’s unique position in supporting high-risk industry segments.
• Provide strategic oversight of the Bank’s information security program in collaboration with the Chief Information Officer and IT department.
• Lead and develop high-performing, cross-functional risk management teams.
• Promote a culture of risk awareness across all levels of the organization, ensuring risk considerations are embedded into daily operations and decision-making.
• Serve as a valued member of the Executive Committee, sharing functional expertise and guidance on decision-making issues affecting the bank.
• Lead other additional and interesting bank-wide projects and duties as assigned.

Who You Are

• Proven experience in a senior leadership role within the banking industry, with at least 10 years of experience in risk management, compliance, or related focus areas.
• Visionary leader with direct experience managing risk-focused teams. A desire to focus on the development and mentorship of individuals who are in different stages of their professional careers.
• Bachelor’s degree in business administration, Finance, Accounting, Law, or a related field; advanced degree (MBA, MSc) preferred.
• Advanced industry certifications (CRCM, CAMS, CISM, etc) preferred.       
• Strong analytical skills and the ability to make balanced, data-driven decisions with competing priorities.
• Ability to build trust and influence across all organizational levels to effectively challenge assumptions and guide decision-making.     
• Excellent leadership, communication, and interpersonal skills.
• Strategic thinking and problem-solving capabilities.
• Demonstrated ability to drive innovation and embrace change.

Our Commitment

Republic Bank of Chicago, as an Equal Opportunity Employer, is fully committed to fostering a workplace culture where all individuals feel valued, respected, and empowered to thrive—because our most important asset is, and always will be, our people.

What We Offer

As a commitment to your physical, emotional, and financial wellbeing, we are proud to offer a comprehensive benefits package as part of your overall compensation, including:

• A competitive salary range estimated at $250,000-300,000 per year for this position. (Final compensation may vary based on experience, skills, and qualifications)
• Generous Paid Time Off to help you rest, recharge, and take care of what matters most

• Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
• Retirement benefits including 401k plan with attractive employer match
• Tuition reimbursement program for continuing education and professional development
• Parental Leave for both primary and secondary caregivers
• Childcare assistance program to support working parents and their eligible dependents
• Short-term and long-term disability coverage for long-term financial stability
• Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
• Professional and personal skill development resources offered through bank-paid LinkedIn Learning subscription
• Mental health & wellness benefits including Headspace meditation app subscription, Wellable app subscription and health activity challenges, and access to our Employee Assistance Program

Salary : $250,000 - $300,000