KEMBA Financial Credit Union
Director of Risk Management (Banking - Compliance)
KEMBA Financial Credit Union, Columbus, Ohio, United States, 43224
Director of Risk Management (Banking - Compliance)
1 week ago Be among the first 25 applicants
Title:
Director, Risk Management
Reports to:
Chief Risk Officer
Supervises:
Senior Risk Manager & Compliance Officer
Status:
Exempt
Objective The Director of Risk Management is responsible for leading and managing key elements of the Credit Union’s Risk Management Programs. Incumbent is responsible for the strategy, execution, and oversight of the organization’s Risk Management programs, which includes Compliance Risk, Fraud Risk, Record Retention and Vendor Management Risk. Work involves proactively staying attuned to both the external and organization’s continuously changing risk environment and works in an integrated fashion with key stakeholders throughout the entire Credit Union to proactively address the risks. Work also involves developing and evaluating processes and risk metrics associated with controlling and mitigating business risk. Resources to do the job require reliance on extensive experience and judgment to plan and accomplish goals.
Duties And Responsibilities
Provides leadership and direction in the establishment of effective risk management programs
Develops and executes management plans for risk mitigation
Monitors the effectiveness of operations and the status of any needed changes
Ensures the Credit Union maintains compliance with all applicable laws and regulations without incurring excessive implementation and support costs
Assists Chief Risk Officer in coordinating the activities and reporting to the management Risk Governance Committee and Board Risk Committee to support the assessment and reporting of the credit union’s risk profile
Coordinates Credit Union and external resources, provides procedural direction and reports to senior management on the status of risk management programs and initiatives
Coordinates the Credit Union’s overall compliance with applicable rules, regulations, and statutory requirements, including the Bank Secrecy Act, OFAC and USA Patriot Act
Manages, coaches, and evaluates Risk team
Assists in the development and implementation of effective Risk management and loss mitigation planning
Develops and monitors risk tolerances for fraud risk inherent in the Credit Union’s operating environment
Ensures that KFCU expertly deploys risk monitoring systems for each risk category that timely prevents excessive risk or timely detects risk thresholds that in future jeopardy without management action
Develops, recommends, and executes internal loss prevention controls and programs as are necessary to preserve and expand Credit Union assets
Reviews key performance indicators/metrics and assists management in the early identification of risk trends
Coordinates and manages the vendor and contract management program across all business units and maintains a regular program of review, including risk-based analysis and response to reports of third-party review/examination
Assists the business units throughout the organization with risk evaluation/analysis pertaining to products, services, technology, and operational infrastructure
Conducts periodic review of existing policies and procedures to ensure effectiveness
Ensures policies and procedures reflect current regulations and legal requirements and are implemented appropriately
Identifies areas of policy and procedural exposure to fraud, develops recommendations for enhancement of fraud risk management, develops and provides training to staff for the prevention of fraud. Manages the loss prevention efforts, to include member ID theft prevention.
Builds strong alliances inside and outside work units to positively influence identification and resolution of significant risks/opportunities
Reviews and analyzes, with department managers, weaknesses in controls noted in departmental reviews performed by consultants/auditors. Discuss possible solutions
Continuously improve the Credit Union’s risk management practice; launch initiatives to enhance processes, systems, and education when necessary
Facilitates, develops, and implements statistical and other quantitative risk assessment tools
Ensures that external and internal up-to-date information and trends are monitored and reported regularly and proactively assess and recommend actions that may be required of the organization
Effectively communicates and maintains strong and effective relationships throughout all levels of the organization including the Board of Directors
Performs all duties in a manner that is fully compliant with applicable industry regulations as well as KEMBA policy and procedures
Develops an understanding of Credit Union history, philosophy, organization, policies, and operational procedures
On a self‑direct basis, continues to improve individual level of competency through training and certification on established educational programs
Relates to others beyond giving and receiving instructions:
Communicates with coworkers or peers without exhibiting behavioral extremes
Performs work activities requiring negotiating, instructing, supervising, persuading, or speaking with others
Responds appropriately to feedback from others
Performs other duties as required by management
Required Qualifications
College degree in Business Administration, Accounting, Finance, or equivalent
5+ years of Risk Management experience, preferably in banking/financial services audit or examination environment
ACAMS, CIA, CPA or CFE preferred
3+ years of Management/leadership experience
Strong knowledge of applicable federal and state financial regulations
Experience with BSA
Ability to interpret documents, including regulatory and compliance materials, marketing and procedure manuals. Understanding of real estate law, loan procedures and documentation and auditing or examination preferred
Solid analytical and problem‑solving skills
Ability to conduct oral presentations and to write reports and correspondence to diverse audiences
Ability to deal effectively with group or individual employees and members of the organization
Attentive to detail and observant
Advanced verbal and written communication skills
Effective public relations abilities
Physical Demands The physical demands listed below represent those necessary to perform the essential functions of this role. Reasonable accommodation may be provided to enable individuals with disabilities to perform these functions.
The employee is regularly required to sit, use their hands, reach with arms, and communicate verbally and orally. Occasional standing, walking, and lifting of objects up to 25 pounds are required. Vision requirements include close, distance vision, and focus adjustment.
Seniority level
Director
Employment type
Full‑time
Job function
Strategy/Planning and Information Technology
Industries
Banking
#J-18808-Ljbffr
Title:
Director, Risk Management
Reports to:
Chief Risk Officer
Supervises:
Senior Risk Manager & Compliance Officer
Status:
Exempt
Objective The Director of Risk Management is responsible for leading and managing key elements of the Credit Union’s Risk Management Programs. Incumbent is responsible for the strategy, execution, and oversight of the organization’s Risk Management programs, which includes Compliance Risk, Fraud Risk, Record Retention and Vendor Management Risk. Work involves proactively staying attuned to both the external and organization’s continuously changing risk environment and works in an integrated fashion with key stakeholders throughout the entire Credit Union to proactively address the risks. Work also involves developing and evaluating processes and risk metrics associated with controlling and mitigating business risk. Resources to do the job require reliance on extensive experience and judgment to plan and accomplish goals.
Duties And Responsibilities
Provides leadership and direction in the establishment of effective risk management programs
Develops and executes management plans for risk mitigation
Monitors the effectiveness of operations and the status of any needed changes
Ensures the Credit Union maintains compliance with all applicable laws and regulations without incurring excessive implementation and support costs
Assists Chief Risk Officer in coordinating the activities and reporting to the management Risk Governance Committee and Board Risk Committee to support the assessment and reporting of the credit union’s risk profile
Coordinates Credit Union and external resources, provides procedural direction and reports to senior management on the status of risk management programs and initiatives
Coordinates the Credit Union’s overall compliance with applicable rules, regulations, and statutory requirements, including the Bank Secrecy Act, OFAC and USA Patriot Act
Manages, coaches, and evaluates Risk team
Assists in the development and implementation of effective Risk management and loss mitigation planning
Develops and monitors risk tolerances for fraud risk inherent in the Credit Union’s operating environment
Ensures that KFCU expertly deploys risk monitoring systems for each risk category that timely prevents excessive risk or timely detects risk thresholds that in future jeopardy without management action
Develops, recommends, and executes internal loss prevention controls and programs as are necessary to preserve and expand Credit Union assets
Reviews key performance indicators/metrics and assists management in the early identification of risk trends
Coordinates and manages the vendor and contract management program across all business units and maintains a regular program of review, including risk-based analysis and response to reports of third-party review/examination
Assists the business units throughout the organization with risk evaluation/analysis pertaining to products, services, technology, and operational infrastructure
Conducts periodic review of existing policies and procedures to ensure effectiveness
Ensures policies and procedures reflect current regulations and legal requirements and are implemented appropriately
Identifies areas of policy and procedural exposure to fraud, develops recommendations for enhancement of fraud risk management, develops and provides training to staff for the prevention of fraud. Manages the loss prevention efforts, to include member ID theft prevention.
Builds strong alliances inside and outside work units to positively influence identification and resolution of significant risks/opportunities
Reviews and analyzes, with department managers, weaknesses in controls noted in departmental reviews performed by consultants/auditors. Discuss possible solutions
Continuously improve the Credit Union’s risk management practice; launch initiatives to enhance processes, systems, and education when necessary
Facilitates, develops, and implements statistical and other quantitative risk assessment tools
Ensures that external and internal up-to-date information and trends are monitored and reported regularly and proactively assess and recommend actions that may be required of the organization
Effectively communicates and maintains strong and effective relationships throughout all levels of the organization including the Board of Directors
Performs all duties in a manner that is fully compliant with applicable industry regulations as well as KEMBA policy and procedures
Develops an understanding of Credit Union history, philosophy, organization, policies, and operational procedures
On a self‑direct basis, continues to improve individual level of competency through training and certification on established educational programs
Relates to others beyond giving and receiving instructions:
Communicates with coworkers or peers without exhibiting behavioral extremes
Performs work activities requiring negotiating, instructing, supervising, persuading, or speaking with others
Responds appropriately to feedback from others
Performs other duties as required by management
Required Qualifications
College degree in Business Administration, Accounting, Finance, or equivalent
5+ years of Risk Management experience, preferably in banking/financial services audit or examination environment
ACAMS, CIA, CPA or CFE preferred
3+ years of Management/leadership experience
Strong knowledge of applicable federal and state financial regulations
Experience with BSA
Ability to interpret documents, including regulatory and compliance materials, marketing and procedure manuals. Understanding of real estate law, loan procedures and documentation and auditing or examination preferred
Solid analytical and problem‑solving skills
Ability to conduct oral presentations and to write reports and correspondence to diverse audiences
Ability to deal effectively with group or individual employees and members of the organization
Attentive to detail and observant
Advanced verbal and written communication skills
Effective public relations abilities
Physical Demands The physical demands listed below represent those necessary to perform the essential functions of this role. Reasonable accommodation may be provided to enable individuals with disabilities to perform these functions.
The employee is regularly required to sit, use their hands, reach with arms, and communicate verbally and orally. Occasional standing, walking, and lifting of objects up to 25 pounds are required. Vision requirements include close, distance vision, and focus adjustment.
Seniority level
Director
Employment type
Full‑time
Job function
Strategy/Planning and Information Technology
Industries
Banking
#J-18808-Ljbffr