Vice President, Risk Management

Job Type

Full-time

Description

Job Summary:

Responsible for leading Risk & Regulatory Functions, comprising Enterprise Risk Management, Third Party Vendor Management, Business Continuity / Disaster Recovery Management, Insurance Management and other areas as the Risk Office is matured. The role has particular focus around design, development, deployment and management of the Credit Union’s Enterprise Risk Management program, including Risk Appetite, Risk Monitoring and Risk Response. Interacts with a broad spectrum of business partners and key stakeholders to provide risk support and advice related to the development, execution, and operation of credit union programs, products, and services. Creates and delivers internal reporting and informs executive leadership on relevant risk related matters related to the Credit Union. Provides oversight and makes recommendations that significantly impact the Credit Union’s ability to monitor risk.

Leadership

Essential Job Duties:

• Liaise with HR and OD to recruit, onboard, develop, and retain high-quality staff.
• Oversees the daily workflow of the department.
• Provides constructive and timely one-on-ones and performance evaluations.
• Effectively coaches, mentors, motivates, and manages the staff to ensure delivery of communications to employees in a timely and accurate manner while maintaining the Credit Union’s high standard of quality.
• Ensures that the department fosters a productive, rewarding work environment that provides for the development of employees; meets all established goals and metrics; and operates within the Credit Union’s core values.
  
  
  

Main Responsibilities

• Develop and oversee a comprehensive ERM program for the Credit Union within the Board and management’s risk appetite and strategic direction, and in compliance with all regulatory requirements.
• Facilitate continued build-out of COSO ERM Framework (e.g., Risk Library), including integration of Strategic, Operations, Reporting and Compliance risk across the 8 components.
• Coordinate efforts with the Director of Portfolio Analytics in Credit Administration, thus requiring an understanding of credit risk and portfolio concentration principles.
• Duties will include working closely with Vendor Management, Legal and Compliance to ensure legal related activities are carried out appropriately by outside counsel.
• Instrumental in supporting Risk Offices (RO) teams (i.e., Enterprise Risk, Credit Administration, Security & Fraud and Legal & Compliance) to develop and report KRMs and KPIs, as well as other Business Units in the development of KRMs.
• Supports the Chief Risk Officer in maturing the Risk Oversight Committee and delivering presentations to the Board, including Board Governance Committee.
• Instrumental in execution of Risk Office Business Plans and related Strategic initiatives, including integration of risk management to business processes.
• Key in internal reporting of Risk Office (RO) activities, and consolidation of RO teams monthly activities in a management report.
• Integral in evaluating insurance coverage, including gaps, and coordination of insurance related activities with Security/Fraud and other departments.
• Staff and manage the Risk team, providing leadership and support to the staff. Lead cultural change in the department as needed to support organizational goals.
• Respond to risk requests and questions involving out of tolerance risk levels.
• Perform analyses and assemble risk documentation and data in support of strategic projects, products & services, and risk monitoring.
• Assist with projects and other risk assessments (e.g., BSA/AML, Compliance. BIA). Lead and/or provide support to various organizational and departmental project teams.
• Develop Risk Control Assessment (RCSA) program and playbook for the identification of risks, controls and calculation of residual risk for Business Units and related processes.
• Review Credit Union risk exposure and make recommendations for enhancements.
• Ensure adherence to COSO ERM Frameworks that affects the Credit Union through risk reviews, other oversight activities and consultation with management as necessary.
• Proactively track and identify risk issues and remediation plans to allow adequate time to implement necessary changes to policies and procedures.
• Facilitate regulatory (e.g., NCUA) and insurance examinations and coordinate management responses and follow-up, as requested.
• Maintain awareness and inform Credit Union management of changes in federal/state legal requirements and NCUA regulations. Recommend updates to risk policies and procedures in response to risk developments.
• Address risk concerns as applicable and identify solutions. Provide response and/or guidance to business units, vendors, etc.
• Promote the service and sales culture by maintaining basic knowledge of products and services and referring members to the appropriate person/department.
• Performs other duties as assigned.
  
  
  

Requirements

Required Skills/Abilities:

• Excellent interpersonal skills.
• Excellent organizational skills and attention to detail.
• Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
• Strong analytical and problem-solving skills.
• Ability to manage a wide range of legal and compliance issues as a practicing attorney in a law firm or in-house legal department
  
  
  

Education And Experience

• Minimum 12 years’ a combination of experience in compliance, legal, risk, leadership and other related areas.
• Minimum bachelor’s degree business administration, finance, accounting, law or related field or more than 12 years of related experience.
  
  
  

Physical Requirements

Prolonged periods of sitting at a desk and working on a computer.

Must be able to lift 5 pounds at times.

Salary Description

$165,299.25-$220,399.00 (Depending on Experience)