Selfreliance Federal Credit Union
2 days ago Be among the first 25 applicants
Selfreliance Federal Credit Union provided pay range
This range is provided by Selfreliance Federal Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
130,000.00 / yr - $200,000.00 / yr
LOCATION :
Main Office, Chicago, IL (On-site)
SCHEDULE :
Full Time
COMPENSATION :
130,000 - $200,000 annually, based on experience and qualifications
Selfreliance Federal Credit Union is seeking a visionary Chief Risk Officer (CRO) to lead and oversee the Credit Union’s risk management function. This executive‑level strategic role is responsible for safeguarding the Credit Union’s operations, reputation, and regulatory standing by developing and executing a comprehensive risk strategy. The CRO will report directly to the CEO and oversee key risk functions, including ERM, information security, business continuity, fraud, regulatory compliance, anti‑money laundering (AML), vendor risk management, and business insurance, while fostering a risk‑aware culture across the organization.
Enterprise Risk Management : Build and mature the ERM framework; maintain credit union–wide risk assessments; define, monitor, and report key risk indicators (KRIs) aligned with Board‑approved risk appetite and tolerance statements; drive risk appetite adoption and oversee mitigation and remediation plans.
Information Security Oversight (Second Line, in partnership with the CIO) : Provide independent risk oversight of the Credit Union’s information security program, including control posture, testing cadence, incident governance, and regulatory alignment, while ensuring appropriate challenge and escalation in collaboration with the CIO.
Business Continuity and Disaster Recovery : Own the Business Continuity Planning and Disaster Recovery programs; conduct regular testing and tabletop exercises; coordinate enterprise crisis response; and ensure recovery objectives meet member, operational, and regulatory expectations.
Fraud Risk :
Oversee the enterprise fraud risk strategy across cards, ACH / wires, and digital channels; balance member experience with loss prevention; and ensure fraud risks are incorporated into the ERM framework and strategic initiatives.
Compliance Oversight | BSA / AML / OFAC :
Ensure operations comply with applicable laws, regulations, and standards. Govern compliance and BSA / AML programs, including policies, procedures, training, monitoring, independent testing oversight, issue management, and regulatory exam readiness. Serve as the primary executive liaison for regulators on risk, compliance, and BSA / AML matters.
Vendor / Third‑Party Risk Management : Lead a comprehensive third‑party risk management (TPRM) program, including risk tiering, due diligence, contract risk controls, ongoing monitoring, concentration risk management, and exit strategies.
Business Insurance :
Manage enterprise insurance coverage strategy, adequacy reviews, and loss‑control activities; coordinate claims management and annual renewal planning.
Board Reporting :
Provide clear, timely, and actionable risk reporting to the Board of Directors, including risk dashboards and emerging risk briefings.
Experience :
7+ years of proven leadership in risk management, compliance, internal audit, or related functions within financial services; credit union experience strongly preferred.
Education :
Bachelor’s degree in Business Administration, Finance, Accounting, Law, or a related field; advanced degree (MBA or equivalent) preferred.
Policy craftsmanship : Demonstrated experience drafting, updating, and governing policies and procedures, including risk management, compliance, BSA / AML, vendor management, information security, and business continuity.
Regulatory knowledge : Deep understanding of credit union operations, NCUA regulations, and risk frameworks (ERM, risk appetite, etc.).
Communication :
Exceptional written and verbal communication skills. Basic conversational Ukrainian language skills are preferred, not required (to communicate with members, staff, and the community as needed)
Seniority level
Executive
Employment type
Full‑time
Industries
Banking
Referrals increase your chances of interviewing at Selfreliance Federal Credit Union by 2x
Get notified about new Chief Risk Officer jobs in
Chicago, IL .
J-18808-Ljbffr
#J-18808-Ljbffr
Selfreliance Federal Credit Union provided pay range
This range is provided by Selfreliance Federal Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
130,000.00 / yr - $200,000.00 / yr
LOCATION :
Main Office, Chicago, IL (On-site)
SCHEDULE :
Full Time
COMPENSATION :
130,000 - $200,000 annually, based on experience and qualifications
Selfreliance Federal Credit Union is seeking a visionary Chief Risk Officer (CRO) to lead and oversee the Credit Union’s risk management function. This executive‑level strategic role is responsible for safeguarding the Credit Union’s operations, reputation, and regulatory standing by developing and executing a comprehensive risk strategy. The CRO will report directly to the CEO and oversee key risk functions, including ERM, information security, business continuity, fraud, regulatory compliance, anti‑money laundering (AML), vendor risk management, and business insurance, while fostering a risk‑aware culture across the organization.
Enterprise Risk Management : Build and mature the ERM framework; maintain credit union–wide risk assessments; define, monitor, and report key risk indicators (KRIs) aligned with Board‑approved risk appetite and tolerance statements; drive risk appetite adoption and oversee mitigation and remediation plans.
Information Security Oversight (Second Line, in partnership with the CIO) : Provide independent risk oversight of the Credit Union’s information security program, including control posture, testing cadence, incident governance, and regulatory alignment, while ensuring appropriate challenge and escalation in collaboration with the CIO.
Business Continuity and Disaster Recovery : Own the Business Continuity Planning and Disaster Recovery programs; conduct regular testing and tabletop exercises; coordinate enterprise crisis response; and ensure recovery objectives meet member, operational, and regulatory expectations.
Fraud Risk :
Oversee the enterprise fraud risk strategy across cards, ACH / wires, and digital channels; balance member experience with loss prevention; and ensure fraud risks are incorporated into the ERM framework and strategic initiatives.
Compliance Oversight | BSA / AML / OFAC :
Ensure operations comply with applicable laws, regulations, and standards. Govern compliance and BSA / AML programs, including policies, procedures, training, monitoring, independent testing oversight, issue management, and regulatory exam readiness. Serve as the primary executive liaison for regulators on risk, compliance, and BSA / AML matters.
Vendor / Third‑Party Risk Management : Lead a comprehensive third‑party risk management (TPRM) program, including risk tiering, due diligence, contract risk controls, ongoing monitoring, concentration risk management, and exit strategies.
Business Insurance :
Manage enterprise insurance coverage strategy, adequacy reviews, and loss‑control activities; coordinate claims management and annual renewal planning.
Board Reporting :
Provide clear, timely, and actionable risk reporting to the Board of Directors, including risk dashboards and emerging risk briefings.
Experience :
7+ years of proven leadership in risk management, compliance, internal audit, or related functions within financial services; credit union experience strongly preferred.
Education :
Bachelor’s degree in Business Administration, Finance, Accounting, Law, or a related field; advanced degree (MBA or equivalent) preferred.
Policy craftsmanship : Demonstrated experience drafting, updating, and governing policies and procedures, including risk management, compliance, BSA / AML, vendor management, information security, and business continuity.
Regulatory knowledge : Deep understanding of credit union operations, NCUA regulations, and risk frameworks (ERM, risk appetite, etc.).
Communication :
Exceptional written and verbal communication skills. Basic conversational Ukrainian language skills are preferred, not required (to communicate with members, staff, and the community as needed)
Seniority level
Executive
Employment type
Full‑time
Industries
Banking
Referrals increase your chances of interviewing at Selfreliance Federal Credit Union by 2x
Get notified about new Chief Risk Officer jobs in
Chicago, IL .
J-18808-Ljbffr
#J-18808-Ljbffr