VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canadas most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBanks Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are currently looking to add a Chief Risk Officer to our Enterprise Risk team. This role is located in London, Ontario and will work out of our Fullarton office location.

As a key member of the executive leadership team, the Chief Risk Officer (CRO)will lead our Enterprise Risk Management (ERM) and Operational Risk Management functions. This role will foster a strong risk culture, ensuring the Bank engages only in well-understood, effectively managed risk that aligns with its strategic goals. Additionally, the CRO will be responsible to enhance, implement, and direct a robust risk management program to effectively identify, assess, and monitor control risks from all sources.

The ideal candidate will thrive in a fast-paced environment, is highly resourceful, and can effectively achieve objectives within a small team.

Primary Responsibilities include:

• Enterprise Risk Management: Oversee and enhance the ERM and Operational Risk frameworks, ensuring effective risk identification, assessment, monitoring, and mitigation across liquidity, credit, market, operational, regulatory, strategic, and reputational risks.
• Regulatory Compliance: Maintain awareness of banking regulations, liaise with regulators, and ensure policies align with compliance and risk best practices.
• Risk Culture & Governance: Advise senior management and the Board of Directors on risk exposure, provide independent oversight, and promote a strong risk culture across the organization.
• Operational Risk & Controls: Establish risk mitigation strategies, monitor control mechanisms, and oversee business unit policies to ensure alignment with the Banks risk appetite.
• Policy & Procedure Management: Review and refine risk management policies annually, ensuring alignment with the Banks strategic objectives.
• Business Continuity & AML Compliance: Ensure preparedness for business disruptions, oversee disaster recovery planning, and maintain compliance with anti-money laundering (AML) and anti-terrorist financing regulations..

What we are looking for:

• Bachelors Degree in Law, Business, Finance, Accounting or related field or equivalent work experience
• Masters or Graduate Degree is preferred
• Multidimensional professional with a background in all aspects of the risk management functions
• 10+ years Enterprise Risk Management experience in the financial services industry at a senior level
• Superior analytical and decision-making skills based on effective risk assessment/management
• Proven ability to communicate effectively, persuade, and influence stakeholders at all organizational levels.
• Strong analytical and conceptual thinking skills, with the ability to identify, assess, and apply strategic insights.
• Superior verbal and written communication skills, with the ability to convey complex information clearly, concisely, and professionally to diverse audiences

What we offer:

• A positive team-based work atmosphere that promotes collaboration.
• Competitive compensation package including base salary, an incentive award and
  pension supplement program.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership