SVP - Chief Risk Officer

Catalyst Corporate Fede • Plano, TX

1h • Hybrid

About The Position

The Senior Vice President (SVP) and Chief Risk Officer is a member of Catalyst’s senior management team and leads organization-wide risk identification and measurement. The role oversees cybersecurity, operational, strategic, interest rate, investment credit, liquidity, and compliance/legal risks. It serves as Catalyst’s liaison to the NCUA and coordinates annual examinations, and directs four departments overseeing aspects of the corporate’s assets and operations.

The Credit and Balance Sheet Risk Analysis Department reviews investments before purchase, assigns proprietary internal credit ratings, and monitors holdings monthly. It measures and reports liquidity, interest rate, and investment credit risk, including interest rate risk model development, AI prompt development, risk-to-capital estimates, and exposure limit setting.

The Enterprise Risk Management Department oversees the ERM Program, Enterprise Resilience Program, Operations Compliance Program, Vendor Management Program, and legal contract and vital records retention programs. It assesses risks, documents risk drivers and controls, and tracks mitigation plans for identified risks and third-party vendors. The team maintains resilience documentation with business units and IT, measures cybersecurity risks, participates in vulnerability management, coordinates external penetration testing, liaises with internal IT during testing, and provides ERM and NCUA 704 limits reporting to the Board.

The Anti-Money Laundering Compliance Department oversees the Bank Secrecy Act (BSA) and OFAC compliance programs, including databases and operations used to detect and report bad actors across Catalyst’s payment rails. It maintains BSA/AML/OFAC policies and procedures to support compliance with FinCEN requirements and efficient workflows.

The Facilities Department manages the corporate headquarters and administrative services, including building security services, confidential document shredding and off-site storage, space planning, construction, mail, purchasing and maintenance of supplies and equipment, shipping and receiving, lease negotiations, and the relationship with the building’s co-owner.

The role serves on Board-appointed committees including the Enterprise Risk Management Committee, Asset/Liability Management Committee (ALCO), and Technology Steering Committee. Other committee duties include chairing the management-level Operations Risk Management Committee and serving on the Vulnerability Management Committee, Management Investment Credit Committee, 401(k) Advisory Committee as a fiduciary member, and Enterprise Resiliency Committee.

This is a permanent, full-time hybrid position. The applicant must be local to Plano, Texas.

Requirements

• Master’s degree (MS, MBA, etc.) or equivalent.
• Awareness and understanding of financial and investment markets.
• 10–15 years of experience in enterprise risk management, with a heavy concentration in investment credit risk management and/or fixed income risk analysis at a rating agency, broker/dealer, regional or multinational bank.
• Demonstrated progression of increasing managerial responsibilities related to creating loan and investment credit analysis protocols, interest rate risk algorithms, and advanced analytics for assessing cybersecurity and other operational risks.

Nice To Haves

• 15–20 years of risk management experience at the senior management level, preferably in the enterprise risk management function of a large regional bank or bankers’ bank.
• Strong written and presentation skills.
• Very strong math and statistics skills.
• Extensive knowledge of taxable fixed income investments and consumer loans.
• PhD with a concentration in risk, finance, mathematics, or statistics.
• CFA designation.
• Prior experience with statistics packages.
• Prior experience with credit and interest rate risk models such as Empyrean, QRM, KRM, Bancware, INTEX, KRIS, and/or KVM software.
• Working knowledge of Bloomberg, Word, Excel, and Access.

Responsibilities

• Lead the identification and measurement of risk across the corporate credit union, including cybersecurity, operational, strategic, interest rate, investment credit, liquidity, and compliance/legal risk.
• Serve as liaison to the NCUA and coordinate annual examinations.
• Direct four departments responsible for elements of Catalyst’s assets and operations.
• Oversee investment review before purchase, proprietary internal credit ratings, and monthly monitoring of investment holdings.
• Oversee measurement and reporting of liquidity, interest rate, and investment credit risk, including IRR model development, AI prompt development, risk-to-capital estimates, and limit setting.
• Oversee the ERM, Enterprise Resilience, Operations Compliance, Vendor Management, and legal contract and vital records retention programs.
• Ensure enterprise risks, drivers, likelihood, monetary impacts, key controls, and mitigation plans are identified and documented, including risks involving third-party vendors.
• Manage the Enterprise Resilience Program and coordinate updates to business impact analyses, test plans, strategies, and risk assessments with business units and IT.
• Measure cybersecurity risks, participate in the Vulnerability Management Committee, and direct outside firms conducting penetration tests required for PCI 4.0 and regulatory expectations; liaise with internal IT during tests.
• Provide Board-related ERM reporting and monitor NCUA 704 limits for compliance.
• Oversee BSA and OFAC compliance programs, including databases and operations for detecting and reporting bad actors across payment rails, and maintain BSA/AML/OFAC policies and procedures.
• Manage the corporate headquarters and related administrative services, including security guard services, document shredding and storage, space planning, construction, mail, purchasing and maintenance of supplies and equipment, receiving and shipping, lease negotiations, and the relationship with the building’s co-owner.
• Participate in the Board-appointed Enterprise Risk Management, Asset/Liability Management (ALCO), and Technology Steering committees.
• Chair the management-level Operations Risk Management Committee and participate in the Vulnerability Management Committee, Management Investment Credit Committee, 401(k) Advisory Committee as a fiduciary member, and Enterprise Resiliency Committee.

Benefits

• Federal holidays, vacation, sick time, parental leave, and time off for volunteering.
• 401(k) retirement savings plan with matching and company contributions.
• Flexible health and insurance options, including medical, dental, and vision insurance; long- and short-term disability insurance; life insurance; supplemental life and AD&D insurance; and a flexible spending account.
• Credit union membership.
• Casual work environment.
• Paid covered parking.
• Onsite fitness facility with showers.
• Access to onsite services including a massage therapist and personal trainer, car wash and detail service, vehicle refueling service, and food delivery service.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior