Michael Backaus
Brookfield,WI
Summary
Expert Enterprise Risk Professional with 14+ years of experience. Spearheads strategic planning initiatives relating to development and maintenance of risk management procedures meeting corporate-defined operational requirements. Strong contributor achieving goals through strong analytical skills and structured approach to resolution.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Chief Information Security Officer & Enterprise Risk Manager, CRCM
National Exchange Bank & Trust
03.2022 - Current
- Member of the senior leadership team
- Oversee and manage Compliance, Audit, BSA, Cyber/Data Security, Vendor Management, Business Continuity Management Team and Physical Security teams totally 17 staff members
- Chair the Vendor Management Committee and Enterprise Risk Committee
- Member of ALCO, IT, Fraud and Products and Services Committee
- Successfully execute enterprise risk assessment program
- Lead tabletop testing, lead actions and implementation of results
- Oversight and communication with all external audit partners as well as the OCC.
VP Compliance Officer, CRCM
WaterStone Bank
01.2017 - 02.2022
- Led the Risk Management Compliance Committee, Security Committee and the Information Technology Security Committee
- Managed, coach, and train the compliance team for a $2 billion bank
- Worked very closely with all the business lines within the bank to execute various bank initiatives
- Directed all regulatory implementation projects for the Bank to exceed all compliance and BSA standards.
AVP Compliance Officer, Head Compliance/Risk Management Department, CRCM
Denmark State Bank
01.2012 - 01.2017
- Responsible for oversight and served as chair of the Compliance Committee
- Well versed on all Dodd Frank and TRID regulations and their impact to the bank
- Extensive knowledge of deposit, lending and enterprise governance risk and compliance (EGRC) audit practices
- Managed BCP, IT Risk Assessment, Vendor Management, Information Security Programs for the Bank
- Expert knowledge in BSA automated software programs for monitoring AML.
Compliance/Security Officer, CUCE, Credit Union Compliance Expert
Co-Op Credit Union
01.2011 - 12.2011
- Evaluated the credit union’s policies, procedures, products, and programs to ensure compliance with applicable laws and regulations
- Developed compliance training programs for all employees in each department to ensure each department was compliant with new state and federal laws and regulations
- Performed surprise branch cash audits of all six branches.
Account Representative, Licensed Credit Insurance
Co-Op Credit Union
10.2009 - 12.2010
- Processed and dispersed loan applications and completed a variety of support duties such as, verifying credit reports, cash flow analysis, loan to values, collateral inspections, and used risk based lending practices
- Trained new branch staff on systems and credit union processes through a merger of two credit union branches.
Education
MBA -
University of Massachusetts – Amherst
Amherst, MA05.2022
Banking
Graduate School of Banking – University of Wisconsin
Madison, WI08.2018
Bachelor of Business Administration in Finance -
University of Wisconsin-Eau Claire
Eau Claire, WI05.2009
Southwest Minnesota State University
Marshall, MN05.2005
Skills
- People Management
- Verbal and Written Communication
- Operational Risk Management
- Risk Analysis
- Compliance Monitoring
- Enterprise Risk Management
- Vendor Risk Management
- Governance, Risk, and Compliance
- Third-Party Risk Management
- Board Communication
- Cyber & Data Security
- Expert with Prudential Regulators
Certification
CRCM - Certified Regulatory Compliance Manager
Timeline
Chief Information Security Officer & Enterprise Risk Manager, CRCM
National Exchange Bank & Trust
03.2022 - Current
VP Compliance Officer, CRCM
WaterStone Bank
01.2017 - 02.2022
AVP Compliance Officer, Head Compliance/Risk Management Department, CRCM
Denmark State Bank
01.2012 - 01.2017
Compliance/Security Officer, CUCE, Credit Union Compliance Expert
Co-Op Credit Union
01.2011 - 12.2011
Account Representative, Licensed Credit Insurance
Co-Op Credit Union
10.2009 - 12.2010
MBA -
University of Massachusetts – Amherst
Banking
Graduate School of Banking – University of Wisconsin
Bachelor of Business Administration in Finance -
University of Wisconsin-Eau Claire
Southwest Minnesota State University
CRCM - Certified Regulatory Compliance Manager
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