Chief Risk Officer

Community & Regional Banks

Hyannis, MA

2020-06-29

Smith & Wilkinson has been retained by The Cooperative Bank of Cape Cod (“CC Coop”, www.thecooperativebankofcapecod.com) to manage the search for the bank’s Chief Risk Officer (“CRO”). Headquartered in Hyannis, Massachusetts, CC Coop will celebrate its 100th birthday on January 1st, 2021.  Throughout its nearly 100-year history, the bank has enjoyed prudent growth and served consumers and small businesses on Cape Cod and across southeastern Massachusetts and remains committed to its communities and independence through its mutual ownership.  The bank has recently crossed the $1B threshold, operates 9 retail locations as well as its Hyannis Operations Center, and is in strong financial condition, notably with good earnings, capital, and asset quality.  CC Coop is primarily a real estate lender, with approximately 96% of its $830MM loan portfolio secured by commercial and residential real estate.  Reporting directly to the bank’s President & CEO, Lisa Oliver, and working closely with the Board Risk Committee, the Chief Risk Officer will play a critical role in the ongoing development and implementation of enterprise-wide risk management practices and culture, positioning the bank for ongoing growth and success.  The new CRO will be responsible for leading teams in Compliance, BSA, AML, OFAC, Fraud, Information Security, and Technology and Credit risk.  As a key, strategic advisor to both bank leadership and the Board of Directors, the CRO will craft ERM policy and strategy, working collaboratively across the organization.  We are seeking exceptional risk management talent with strong interpersonal skills for this unique and entrepreneurial community bank leadership role.  For additional information, or to arrange a confidential discussion, please contact Cameron Boyd, Partner & Practice Director, Financial Services (cboyd@smithandwilkinson.com).

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