Riley Adams, Chief Risk Officer (CRO)
Saint Paul, Minnesota, United States
Professional Overview
Riley Adams is an accomplished risk management executive with extensive experience in the banking and financial services industry. As the Chief Risk Officer (CRO) at First Resource Bank, they are responsible for leading the organization's enterprise-wide risk management strategies, ensuring regulatory compliance, and driving the implementation of advanced risk mitigation practices. With a strong background in regulatory interpretation and bank examination, Adams brings a unique perspective to their role, leveraging deep industry insights to enhance the bank's overall risk posture.
Experience Summary
Current Role
As the Chief Risk Officer at First Resource Bank, Adams is responsible for overseeing all aspects of the bank's risk management framework. This includes identifying, assessing, and mitigating various types of risks, such as credit, market, operational, and compliance risks. Adams works closely with the executive team and the board of directors to develop and execute risk management strategies that align with the bank's strategic objectives and risk appetite. Additionally, they play a crucial role in ensuring the bank's adherence to regulatory requirements, collaborating with government agencies and industry bodies to stay abreast of evolving regulations.
Career Progression
Prior to joining First Resource Bank, Adams held the position of Chief Risk Officer at Premier Banks, where they were instrumental in enhancing the organization's risk management capabilities and driving operational efficiencies. Additionally, Adams has experience as a Senior Consultant in Regulatory Interpretations at Wells Fargo, providing expert guidance on navigating complex regulatory landscapes. Earlier in their career, Adams served as a Risk Management Bank Examiner at the Federal Deposit Insurance Corporation (FDIC) and as a Senior Bank Examiner/Analyst at the State of Minnesota, developing a deep understanding of regulatory frameworks and best practices in the banking industry.
Academic Background
Adams holds a Bachelor of Science degree in Finance from the University of Minnesota, with a specialization in Risk Management and Insurance. Their academic achievements include graduating with Honors and being recognized as a Dean's List student, showcasing their dedication to excellence and continuous learning.
Areas of Expertise
- Enterprise-wide risk management
- Regulatory compliance and interpretation
- Credit, market, and operational risk analysis
- Strategic risk management and decision-making
- Financial modeling and data-driven insights
- Collaboration with regulatory authorities and industry bodies
- Leadership and team management
Professional Impact
Throughout their career, Adams has demonstrated a strong commitment to enhancing the risk management practices within the banking industry. As a Risk Management Bank Examiner at the FDIC, they played a pivotal role in identifying and addressing vulnerabilities in financial institutions, contributing to the overall stability and resilience of the banking system. In their subsequent roles, Adams has leveraged their expertise to implement innovative risk management solutions, driving measurable improvements in the risk profiles of the organizations they have served.
Conclusion
With a proven track record of success and a deep understanding of the evolving risk landscape in the banking industry, Riley Adams is a highly respected and influential Chief Risk Officer. Committed to driving positive change, Adams continues to make valuable contributions to the financial services sector, positioning First Resource Bank as a leader in risk management practices.
