Risk Manager I

Members First Credit Union•Midland, MI

5d•Hybrid

About The Position

Members First Credit Union is seeking a Risk Manager I with potential for hybrid or remote work in Midland, Michigan. This role supports our teams, leaders, and Board while strengthening our enterprise risk management efforts. We strive to create an atmosphere of belonging with no judgment, just opportunity. We are interconnected to each other, and when we embrace our true authentic selves, we are stronger. We will empower you to be the best version of yourself while helping you to flourish in work and life. Come join us to help create thriving communities!

Requirements

Bachelor’s degree in business administration or related field.
3-5 years of related experience in enterprise risk management, risk assessment development or regulatory compliance, preferably within a financial institution.
Knowledge of relevant regulations and industry standards.
Experience with developing risk assessments
Must be fully proficient the use of contemporary software, word processing, spreadsheet applications.
Ability to use PC, calculator, and other basic business machines.
Effectively apply and maintain financial counseling concepts, gained through America's Credit Unions' Financial Counseling Certification Program (FiCEP), to promote financial well-being.

Nice To Haves

Experience with Office 365, Ncontracts software suite, Arkalytics and Symitar preferred.
Successfully obtain Credit Union Enterprise Risk Certification (CUERC) designation through America’s Credit Unions within first two years of service with M1
Successfully obtain Certified Credit Union Compliance Officer (CUCO) designation through America’s Credit Unions within first year of service with M1
Successfully obtain Certified Credit Union Financial Counselor (CCUFC) designation through America's Credit Unions within first year of service with M1

Responsibilities

Oversees and administers the credit union’s Enterprise Risk Management (ERM) and Compliance Risk Assessment framework, ensuring risks are systematically identified, assessed, monitored, and reported across all business functions.
Leads enterprise-wide and compliance risk assessments to evaluate inherent and residual risk, assess the adequacy and effectiveness of mitigating controls, and maintain risk inventories, key risk indicators (KRIs), and alignment with the credit union’s risk appetite.
Provides independent risk oversight to support compliance with applicable laws and regulations, internal policies, and established risk tolerances, identifying emerging risks and material exposures that may impact safety, soundness, or strategic objectives.
Analyzes risk data and trends and delivers timely, clear, and actionable enterprise risk reporting to senior leadership and the Board, including overall risk profiles, risk trends, key indicators, and issues requiring escalation or decision-making, control effectiveness, and recommended mitigation strategies.
Promotes and strengthens an organization-wide risk-aware culture by integrating risk management principles into strategic planning, business operations, and decision-making processes.
Monitors the overall risk profile of the credit union, ensuring current and emerging risks are appropriately identified, measured, and managed within approved risk tolerance levels.
Provides timely, accurate, and actionable risk reporting to senior leadership and the Board of Directors, including enterprise risk profiles, risk trends, key indicators, and issues requiring escalation or decision-making.
Ensures alignment with regulatory requirements, internal policies, and the credit union’s risk appetite, and proactively monitors regulatory developments, examiner guidance, and industry trends to assess and address emerging risks.
Oversees issue management and risk remediation efforts, including the timely escalation of significant risks or control deficiencies and monitoring the development and completion of corrective action plans by business unit owners.
Promotes and sustains a strong, organization-wide risk-aware culture, reinforcing accountability for risk management through leadership engagement, communication, and training initiatives.
Executes and maintains enterprise and compliance risk assessments to support an accurate, current understanding of the credit union’s overall risk profile.
Evaluates the design and operating effectiveness of enterprise-level and regulatory controls and assesses resulting residual risk.
Maintains and refines key risk indicators (KRIs), risk appetite statements, dashboards, and enterprise risk reports to support transparency, accountability, and informed decision-making.
Prepares and presents periodic risk reporting to senior management and the Board, including trends, emerging risks, and material control or compliance issues.
Ensures timely escalation of significant risks, control deficiencies, or regulatory matters to appropriate leadership and governance committees.
Partners with business line leadership to support strategic initiatives, remediation efforts, and the effective integration of risk management practices.
Monitors regulatory changes, industry trends, and emerging risks affecting credit unions and recommends adjustments to risk strategies and frameworks as needed.
Supports organizational change management by ensuring new or modified processes and controls are documented, assessed for risk impact, and incorporated into the enterprise risk profile.
Develops and delivers enterprise risk management training, tools, and awareness initiatives to strengthen risk understanding and accountability across the organization.