SAFE FEDERAL CREDIT UNION
VP of Risk Management (Onsite)
SAFE FEDERAL CREDIT UNION, Sumter, South Carolina, United States, 29153
As Vice President of Risk Management, you will lead efforts to ensure regulatory compliance and effective risk oversight across the credit union. Your expertise will help protect our members’ financial well-being by fostering a strong culture of compliance, risk, and vendor management.
You’ll assess risks from an enterprise-wide perspective, develop robust risk management programs, and report key trends and emerging risks to the Board and Executive Leadership Team. Additionally, you’ll collaborate with leadership to manage critical areas such as regulatory compliance management, vendor management, BSA/AML and fraud prevention, and loan quality assurance.
Essential Duties and Responsibilities
Develop, implement, and administer the credit union’s Enterprise Risk Management program; lead the credit union’s Enterprise Risk Management (ERM) Committee; make recommendations to the Board of Directors and Executive Leadership Team regarding the institution’s risk appetite and operational, financial, and strategic risks; and report periodically to the Board regarding the credit union’s ERM efforts, risk profile, risk trends, and emerging risks. Manage risk management staff to ensure efficient and comprehensive ongoing risk management processes, including regulatory compliance management, vendor management, BSA/AML and fraud prevention, and loan quality assurance. Provide recommendations to the Board and Executive Leadership Team regarding the potential risks and opportunities of strategic initiatives, new products, services, delivery channels, and technology, and advise on appropriate methods to assess and quantify risks, develop mitigation strategies and controls, determine residual risks, and ensure that risks are aligned with the credit union’s strategic objectives. Continually identify and measure key risk indicators, including internal trends, loss or fraud incidents, changes in the credit union’s business environment, and regulatory changes. Maintain comprehensive knowledge of and proficiency in federal and state laws, rules, and regulations applicable to the credit union, and acts as a compliance resource to the Board, Executive Leadership Team, and credit union managers and staff. Evaluate, implement, and update ERM, BSA/AML, and OFAC software and other risk management technology and tools; make recommendations to the Board and Executive Leadership Team for staffing, technology, and other resources as necessary to ensure a strong and effective risk management framework. Identify and analyze compliance developments (including new rulemaking, agency guidance, NCUA legal opinion letters, regulatory alerts, and published enforcement actions) and provide guidance and recommendations for credit union managers and staff to ensure timely compliance with new or changing requirements. Collaborate with Learning & Development to provide appropriate position-specific training to credit union Board members, managers, and staff, using an appropriate mix of online training, in-person training, e-mail, online presentations, teleconferencing, etc. Ensure that training covers applicable regulatory requirements as well as credit union policies, procedures, internal controls, ethics, and code of conduct. Manage and maintain the credit union’s written policies and procedures, updating as needed to address new products and services, regulatory changes, organizational changes, etc.; ensure that policy changes are submitted for Board approval as required by regulation or internal policy. Assume responsibility for special projects, data collection, and preparation of reports for the Board, Executive Leadership, auditors, or examiners. Supervisory Responsibilities
The VP of Risk Management will supervise teams of BSA/AML, Compliance, Loan Quality Assurance, and Vendor Management professionals while coaching and training them to performance excellence. Qualification Requirements
Proven ability to develop and implement effective risk and compliance programs. Strong analytical skills with attention to detail. Strong ability to provide evidentiary information for recommendations to Management, that are compelling, practical, actionable and with different options to solve potential concerns. Persuasive in verbal and written communication, providing a robust rationale and a strong qualitative and/or quantitative evidentiary conclusion. Practices professional skepticism, respectful disagreements, and seeks for common-ground resolutions that further the goals of the Credit Union. Ability to lead, coach, and train others in compliance and assessments and other activity. Education And/Or Experience
Bachelor’s degree or equivalent experience preferred. Minimum of eight (8) to ten (10) years of prior financial institution lending, operations, risk management, compliance, or audit experience including previous supervisory experience. Or an equivalent combination of education and work experience. We are an equal opportunity employer and welcome applications from diverse candidates.
#J-18808-Ljbffr
Develop, implement, and administer the credit union’s Enterprise Risk Management program; lead the credit union’s Enterprise Risk Management (ERM) Committee; make recommendations to the Board of Directors and Executive Leadership Team regarding the institution’s risk appetite and operational, financial, and strategic risks; and report periodically to the Board regarding the credit union’s ERM efforts, risk profile, risk trends, and emerging risks. Manage risk management staff to ensure efficient and comprehensive ongoing risk management processes, including regulatory compliance management, vendor management, BSA/AML and fraud prevention, and loan quality assurance. Provide recommendations to the Board and Executive Leadership Team regarding the potential risks and opportunities of strategic initiatives, new products, services, delivery channels, and technology, and advise on appropriate methods to assess and quantify risks, develop mitigation strategies and controls, determine residual risks, and ensure that risks are aligned with the credit union’s strategic objectives. Continually identify and measure key risk indicators, including internal trends, loss or fraud incidents, changes in the credit union’s business environment, and regulatory changes. Maintain comprehensive knowledge of and proficiency in federal and state laws, rules, and regulations applicable to the credit union, and acts as a compliance resource to the Board, Executive Leadership Team, and credit union managers and staff. Evaluate, implement, and update ERM, BSA/AML, and OFAC software and other risk management technology and tools; make recommendations to the Board and Executive Leadership Team for staffing, technology, and other resources as necessary to ensure a strong and effective risk management framework. Identify and analyze compliance developments (including new rulemaking, agency guidance, NCUA legal opinion letters, regulatory alerts, and published enforcement actions) and provide guidance and recommendations for credit union managers and staff to ensure timely compliance with new or changing requirements. Collaborate with Learning & Development to provide appropriate position-specific training to credit union Board members, managers, and staff, using an appropriate mix of online training, in-person training, e-mail, online presentations, teleconferencing, etc. Ensure that training covers applicable regulatory requirements as well as credit union policies, procedures, internal controls, ethics, and code of conduct. Manage and maintain the credit union’s written policies and procedures, updating as needed to address new products and services, regulatory changes, organizational changes, etc.; ensure that policy changes are submitted for Board approval as required by regulation or internal policy. Assume responsibility for special projects, data collection, and preparation of reports for the Board, Executive Leadership, auditors, or examiners. Supervisory Responsibilities
The VP of Risk Management will supervise teams of BSA/AML, Compliance, Loan Quality Assurance, and Vendor Management professionals while coaching and training them to performance excellence. Qualification Requirements
Proven ability to develop and implement effective risk and compliance programs. Strong analytical skills with attention to detail. Strong ability to provide evidentiary information for recommendations to Management, that are compelling, practical, actionable and with different options to solve potential concerns. Persuasive in verbal and written communication, providing a robust rationale and a strong qualitative and/or quantitative evidentiary conclusion. Practices professional skepticism, respectful disagreements, and seeks for common-ground resolutions that further the goals of the Credit Union. Ability to lead, coach, and train others in compliance and assessments and other activity. Education And/Or Experience
Bachelor’s degree or equivalent experience preferred. Minimum of eight (8) to ten (10) years of prior financial institution lending, operations, risk management, compliance, or audit experience including previous supervisory experience. Or an equivalent combination of education and work experience. We are an equal opportunity employer and welcome applications from diverse candidates.
#J-18808-Ljbffr