The Executive shall be employed as an Executive Vice President and the Chief Risk Officer of the Bank and the Company and, subject to the direction of the Chief Executive Officer of the Bank and the Company, shall perform and discharge faithfully the duties and responsibilities which may be assigned to the Executive from time to time in connection with the conduct of its business. The duties and responsibilities of the Executive shall be commensurate with the position of executive vice president and chief risk officer of a bank and the position of executive vice president and chief risk officer of a bank holding company.