• VP, Wealth Risk & Operations

    First National Bank of Omaha (Omaha, NE)


    At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

    Summary of the Job:

    We are seeking an experienced Vice President, Wealth Risk and Operations to lead first-line risk management, compliance oversight, and operational excellence for our Wealth Division. The ideal candidate will bring proven experience in Wealth risk and compliance, deep knowledge of the regulatory landscape, operational best practices and a transformative leadership style.

    This role encompasses three integrated oversight responsibilities:

    1. First-Line Risk Management - Independent risk oversight, assessment, and monitoring across all wealth activities

    2. Compliance Leadership - Comprehensive regulatory program management, policy implementation and examination collaboration

    3. Operations Leadership - Direct management of operational teams delivering client support and transaction processing

     

    You will balance robust first-line risk management and compliance oversight with operational leadership in a highly regulated environment.

     

    This position requires a risk-focused leader with deep wealth management regulatory expertise who can simultaneously drive operational excellence through director-level teams while ensuring adherence to SEC, FINRA, OCC, and state trust regulations.

     

    The successful candidate will integrate risk management, compliance oversight, and operational execution by designing frameworks that enhance both regulatory adherence and operational efficiency.

     

    With decision-making authority, you will have accountability for risk acceptance, compliance matters, operational transformation, and resource allocation with financial implications for the division.

     

    This role maintains a unique enterprise perspective, regularly representing Wealth in bank-level governance forums while also being embedded in day-to-day divisional operations. Through daily collaboration with Wealth leadership and cross-functional partners, you'll develop the insights needed to anticipate emerging risks, identify process improvement opportunities, and drive strategic change initiatives.

     

    Beyond technical expertise, this role requires exceptional leadership capabilities to build and develop high-performing teams during a period of significant transformation.

     

    You will foster a culture that balances operational discipline with innovation, ensuring we meet our fiduciary obligations while delivering exceptional client experiences.

     

    For a strategic leader with wealth management risk expertise and operational transformation experience, this role offers the rare opportunity to shape the future of our Wealth division while gaining significant executive visibility across the enterprise.

     

    The position reports directly to the SVP of Banking Risk, Operations and Data and has exposure to Banking leadership.

    About This Role:

    Key Responsibilities

    First-Line Risk Management and Oversight

    Independent Risk Assessment & Monitoring

    + Conduct comprehensive risk assessments across wealth management activities (trust, investment advisory, brokerage).

    + Provide independent first-line oversight of operational, fiduciary, reputational, and strategic risks.

    + Develop, implement, and monitor Key Risk Indicators (KRIs) and risk metrics.

    + Oversee testing, monitoring, risk assessments, and mitigation plans for the division.

    + Make independent decisions regarding risk acceptance within established governance frameworks.

    Risk Governance & Control Framework

    + Evaluate existing processes and direct activities to address control gaps using deep knowledge of common risks.

    + Anticipate, assess, monitor and report on risks to division leadership and enterprise risk management.

    + Design and implement risk management frameworks that support business growth while maintaining control standards.

     

    Compliance Leadership and Regulatory Management

    Regulatory Compliance Oversight

    + Serve as compliance leader for the Wealth division ensuring adherence to SEC RIA regulations, FINRA rules, OCC trust requirements, and state fiduciary regulations.

    + Implement and maintain comprehensive compliance programs across wealth business lines.

    + Serve as liaison with second line during examinations, inquiries, and ongoing regulatory relationships.

    Compliance Program Management

    + Develop and maintain division-wide compliance policies, procedures, and control frameworks.

    + Oversee compliance monitoring, testing, and surveillance programs across all operational areas.

    + Lead compliance training programs and ensure staff understanding of regulatory obligations.

    Policy Development & Regulatory Reporting

    + Create and update compliance policies covering fiduciary duties, conflicts of interest, advertising, and privacy requirements.

    + Oversee preparation of regulatory documents including Form ADV, RC-T, 13F, and other required filings as well as books and records

    + Ensure proper licensing and registration maintenance across all division personnel

    + Coordinate with Legal and Enterprise Compliance on regulatory matters and policy updates

     

    Operations Leadership and Team Management

    Leadership and Operational Excellence & Transformation

    + Manage direct reports overseeing Trust Operations, Investment Operations, Wealth Operations and other operational support functions.

    + Drive operational transformation through process redesign, automation, role clarification, technology enhancement and clear accountabilities.

    + Lead efforts to modernize operations using digital tools, best-in-class platforms, and workflow optimization.

    + Manage operational metrics including billing accuracy, trade processing timelines, client service delivery, and vendor performance.

    + Ensure operational processes appropriately support regulatory requirements and business objectives.

    Process & Performance Management

    + Oversee money movement processes, client onboarding workflows, and account maintenance procedures.

    + Implement operational controls that support compliance monitoring and risk management objectives.

    + Lead cross-functional operational initiatives spanning multiple business lines and support functions.

    + Drive continuous improvement initiatives and operational efficiency targets across all areas.

    Strategic Leadership & Advisory

    + Design and implement a centralized risk and operations model across the Wealth division.

    + Serve as a strategic advisor to division management and actively participate in business meetings, risk committees, and planning sessions.

    + Build trusted relationships with legal, audit, finance, enterprise risk, technology, and front-office leadership.

    + Translate division strategy into operational plans and execution.

    + Balance short-term operational needs with long-term strategic goals.

    + Contributes to enterprise-wide risk and operations strategy development by representing the Wealth division in bank-level forums.

    + Anticipates industry and regulatory trends to position the Wealth division for future success.

    + Manage operating budget, people, process design and technology to optimize results in the current operations.

    + Work closely with senior leaders to provide guidance on day-to-day processes and strategic initiatives to avoid compliance and reputational issues.

    + Represents the Wealth division in enterprise-level governance committees and external industry forums.

    Talent and Culture Development

    + Build and develop a high-performing team through effective hiring, coaching and performance management.

    + Foster a culture of collaboration, accountability, and continuous improvement.

    + Leads transformational change initiatives that impact the entire Wealth division.

    + Lead, align, and enable teams to deliver a continuous improvement mindset within a complex and dynamic risk environment.

    + Facilitate cross-functional collaboration and knowledge sharing to break down silos.

    The Ideal Candidate for This Role:

    Education & Experience

    + Bachelor’s degree required; advanced degree (MBA/JD) or industry certifications (e.g., CFA, CCO, CAMS, CFIRS, CRCP, CTFA, IAACP) strongly preferred. Series 7, 24 strongly preferred (or an ability to obtain).

    + 10+ years of experience in financial services with progressive leadership in risk, compliance and operations roles across wealth management (prefer experience with OCC, SEC, FINRA, trust, RIA, broker-dealer, capital markets).

    + Proven experience leading transformations and integrating siloed operations

    + Proven track record of developing and implementing successful operational strategies that drive efficiency and enhance client service.

    Technical & Leadership Competencies

    + Deep knowledge of SEC Investment Advisers Act, FINRA conduct rules, OCC trust regulations, and state fiduciary requirements.

    + Track record of designing and executing successful operational strategies in complex or underperforming environments.

    + Exceptional analytical, communication, and leadership skills; ability to influence across all levels of the organization.

    + Skilled in operational risk identification, internal controls, scenario analysis, and root cause remediation.

    + Excellent and demonstrable communication, written, and presentation skills are required.

    + Excellent analytical and problem-solving abilities, with a focus on data-driven decision-making.

    + Understand and comply with bank policy, laws, and FINRA / SEC regulations, and the bank's BSA/AML Program, as applicable to your job duties.

     

    Why Join Us

     

    This is a unique opportunity to serve as a senior risk and compliance leader for a growing wealth division while leading comprehensive operational teams. You'll build integrated frameworks that set industry standards for risk management and operational excellence while developing both compliance expertise and large-scale operational leadership capabilities.

     

    Salary Range: $200,000 - $250,000

     

    Candidates must possess unrestricted work authorization and not require future sponsorship.

    Work Environment:

    It is anticipated that the incumbent in this role will work onsite at the posted location. Our onsite environment fosters innovation, mentorship, and a vibrant culture where ideas flow freely and relationships flourish. As part of our team, you'll experience the energy of our collaborative spaces designed to support your professional growth while working alongside talented colleagues who inspire excellence daily. Please note that work location is subject to change based on business needs.

    Compensation and Benefits Overview:

    We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs:

     

    + Medical, Dental, Vision Insurance

    + 401k, With Matching Contributions

    + Time Off Programs

    + Health Savings Account (HSA)/Dependent Care

    + Employee Banking

    + Growth Opportunities

    + Tuition Assistance

    + Short-Term/Long-Term Disability Insurance

     

    Learn more about FNBO benefits here: https://www.fnbo.com/careers/benefits/ .

     

    To obtain compensation and benefit information related to this specific role, e-mail FNBO at [email protected] . To ensure you receive a response, include the number of this job (listed below) in the subject line of your message.

     

    Job number: R-20260009

    Equal Opportunity & Belonging:

    FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey.

     

    Learn more here. (https://www.fnbo.com/careers/belonging)

     

    FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.

     

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