Golden 1 Credit Union is hiring: Risk Management - Risk Management Specialist in

Overview

Risk Management Specialist is responsible for utilizing the Credit Union’s risk management framework to identify, assess, measure, monitor and help mitigate the financial, reputational, regulatory and operational risks associated with Golden 1’s products and services.

This role will identify, assess, and create mitigation plans for various risks by executing defined risk assessment programs. It will require working with internal business partners to understand operational activities, identify process risks, understand process flows and propose key risk indicators and controls. The role will partner with cross-functional areas to ensure risk mitigation action plans are developed, implemented and maintained, and will monitor ongoing risks and mitigation. The individual will coordinate and prepare risk assessments and report on the ongoing risk narrative appropriate to the audience. This position also supports ERM leadership in implementing policies, standards, guidelines, tools, models, and procedures to support the operational risk management program.

Responsibilities

• Perform risk and control assessments, implement related controls (operational, information security, compliance, etc.), and analyze information to identify risks, opportunities for improvement, and effective mitigation strategies.
• Participate in business or process risk assessments with business unit owners; support risk identification, assessment and reporting.
• Conduct new product/service risk assessments to ensure risks are measured, monitored, and controlled.
• Review and challenge first line risk assessments for completeness, end-to-end processes, risk ratings, and control design.
• Review and analyze internal and external reports as inputs to risk assessments.
• Define area-specific quantitative and qualitative key risk and performance indicators with internal partners.
• Escalate and report issues; provide concise updates to management and track resolution.
• Assist in reporting event-driven operational loss data and perform root cause analysis to drive improvements.
• Provide risk advisory services to stakeholders on policies and internal controls; facilitate stakeholder meetings and management briefings on enterprise risks.
• Recommend improvements to policies, procedures and practices to reduce costs and improve controls.
• Maintain risk assessment records, loss events, issues, and management reporting data.
• Develop management reports and communications with accurate data; build partnerships across ERM stakeholders.
• Maintain knowledge of ERM and industry trends; contribute to special projects as needed.
• Understand state and federal laws related to credit union compliance, including bank secrecy and anti-money laundering.

Qualifications

• Education: Bachelor’s degree in business, finance, accounting, risk management, or related discipline or equivalent work experience.
• Experience: Minimum 3 years in enterprise and/or operational risk management, audit or compliance in a financial institution preferred.
• Knowledge / Skills: Experience with risk management programs and processes including identification, analysis, mitigation, monitoring, reporting and escalation.
• Understanding of Operational Risk Management concepts and practices; knowledge of risk types/sub-types is preferred.
• Strong analytical and problem-solving skills; ability to interpret and synthesize information.
• Judgment in applying risk frameworks and making informed decisions; strong interpersonal and customer service skills.
• Ability to influence across all levels; comfortable presenting ideas and facilitating meetings.
• Excellent verbal, written, and presentation communication skills; ability to present findings to management audiences.
• Strong organizational skills with initiative and ability to self-start and prioritize.
• Process facilitation and improvement skills; capable of handling multiple priorities under tight deadlines.
• Proficiency in Microsoft Office (Word, Excel, Visio, Outlook, PowerPoint).

Physical Requirements

• Prolonged sitting with occasional mobility; normal vision and hearing; device available if needed.
• Ability to lift up to 15 pounds; occasional department movement to accomplish tasks.
• Occasional long hours, travel may be required; some evenings and weekends may be necessary.

Licenses / Certifications

Relevant risk management certifications or credentials are beneficial.