Chief Risk Officer
The Momentus Capital branded family of organizations - which includes Capital Impact Partners and CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA / SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.
We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.
Our holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents and our country thrive.
Position Summary
The Chief Risk Officer (CRO) is responsible for overseeing Momentus Capital's risk strategy, ensuring business resilience, and aligning risk management with corporate objectives and key performance indicators (KPIs). The CRO plays a crucial role in identifying, assessing, mitigating, and monitoring risks.
The CRO reports directly to the President and Chief Executive Officer (CEO) and will be a member of both the Executive Management Team (EMT) and the Momentus Leadership Team (MLT). In addition, the CRO serves as a liaison to the Board of Directors' Finance & Risk Management Committee and participates in and presents at the quarterly board meetings.
Essential Responsibilities
Enterprise Risk Management
- Develop, implement, and continuously enhance Momentus Capital's Enterprise Risk Management (ERM) framework, integrating credit, market, liquidity, operational, and reputational risk dimensions.
- Partner with the Chief Financial Officer to lead the Finance and Risk Management Committee and provide regular risk reporting and insights to the Board of Directors and EMT.
- Define and maintain the organization's risk appetite statement, ensuring alignment with strategic and financial goals.
Lending Risk Oversight
Oversee credit and counterparty risk policies related to small business and commercial portfolios.Ensure effective underwriting standards, concentration risk monitoring, and stress testing protocols.Review portfolio performance trends and emerging credit risks, recommending proactive mitigation actions.Asset Management & Investment Risk
Oversee investment and portfolio risk management practices, including market, liquidity, and valuation risk.Partner with the Investments team to ensure compliance with investment mandates, client risk tolerances, and regulatory requirements (e.g., SEC and FINRA).Establish risk analytics, scenario modeling, and performance attribution frameworks tailored to the growth of the asset management business.Operational & Regulatory Risk
Identify and mitigate operational risks related to technology, cybersecurity, third-party relationships, and business continuity.Collaborate with the Legal and Compliance team to ensure ongoing adherence to applicable laws and regulationsOversee risk training, culture initiatives, and controls testing to embed risk awareness throughout the organization.Governance & Reporting
Present comprehensive risk assessments, emerging risk trends, and stress test results to the MLT and the board's Finance and Risk Management, and Audit Committee.Update key risk indicators (KRIs) and dashboards that provide timely insights into the organization's risk posture.Oversee the development of contingency and recovery plans for high-impact risk events.Strategic Advisory
Serve as a trusted advisor to the CEO and Board on strategic and capital decisions, as well as product expansion, from a risk-return perspective.Champion a risk-aware culture that balances innovation with prudent governance.Team Leadership & Development :
Provide day-to-day leadership for all assigned functions. Leads through collaboration, innovative management concepts, and initiatives to meet program goals and objectives within available resource allocations and in the most effective and efficient manner.Lead, mentor, and develop the risk leadership team, promoting a culture of high performance and professional growth.Establish divisional performance objectives that align with the corporate goals and mission, promoting employee recognition.Promote a culture of accountability and high performance within the credit, risk, and underwriting teams, implementing training and professional development opportunities.Ensure the risk team adheres to the industry's risk management practices and regulatory requirements, and internal policies and procedures.