Director of Risk Management

Diamond Federal Credit Union • Pottstown, PA

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About The Position

The Director of Risk Management establishes and directs the Credit Union’s Risk Management group, including internal audit, compliance, risk administration, business continuity, and vendor management. These functions focus on transactional and compliance risk, with a move toward enterprise risk management (ERM). As ERM is implemented, the group will also ensure that credit, strategic, liquidity, and interest rate risks are assessed regularly. The role establishes and maintains policies, procedures, processes, and programs to prevent violations of laws and regulations.

The Director leads the department’s daily and long-term functions and the design, development, delivery, and maintenance of risk management programs. The role contributes to strategic goals and objectives that reduce risk, develops risk analysis tools and methodologies, monitors regulatory compliance and industry risks, and reports updates to executive leadership. It also supervises, trains, evaluates, and supports assigned staff, and makes recommendations concerning promotions, hiring, salaries, and disciplinary action. Overnight travel is required.

Requirements

• Demonstrated dedication to positive, member-focused service.
• Emotional intelligence and the ability to lead, adapt, and motivate a diverse team.
• Excellent organizational and analytical skills, with strong attention to detail and accuracy.
• Ability to provide supervisory leadership to professional and intermediate-level staff.
• Excellent verbal and written communication skills and ability to interact with all levels of the Credit Union.
• Ability to exercise independent judgment.
• Self-starter who is flexible, innovative, and adaptive.
• Ability to travel overnight.
• Bachelor’s degree in risk management or a related field, or equivalent experience.
• Seven or more years of risk management experience, including direct experience in more than one functional area listed in the position summary.
• Seven or more years of experience in the financial services industry.
• Seven or more years of progressive managerial experience.

Nice To Haves

• Credit Union Compliance Officer certification.
• Enterprise Risk Management certification.
• Experience conducting risk assessments and internal audits.

Responsibilities

• Direct the daily and long-term functions of the Risk Management Department.
• Lead the design, development, delivery, and maintenance of risk management programs.
• Participate in developing and evaluating the Credit Union’s short- and long-term strategic goals and objectives to reduce risk, and communicate them to overseen staff.
• Develop and maintain tools and methodologies for analyzing risks, including risk assessments and audits.
• Stay updated on regulatory compliance and industry risks, and regularly update executive leadership.
• Supervise, train, evaluate the performance of, and support assigned staff.
• Make recommendations regarding promotions, hiring, salaries, and disciplinary action.

What This Job Offers

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