Vice President of Risk and Audit

Advia Credit Union•Oshtemo Charter Township, MI

7d•Hybrid

About The Position

The Vice President of Risk and Audit is a key member of the senior leadership team, responsible for strategically leading the Credit Union’s enterprise risk management, compliance, internal audit, vendor management, corporate insurance, business continuity planning, records retention, and fraud prevention functions. This role ensures the integrity of the Credit Union’s risk posture and provides strategic guidance to senior management and the Board of Directors on emerging risks, regulatory expectations, and internal control effectiveness. Continuously maturing the company’s Risk and Audit programs, strategy, processes, technology, staffing models, strategic roadmaps, and other related program management functions would be key functionalities of this position.

Requirements

Minimum 10–15 years of progressive experience in risk management, internal audit, or compliance within the credit union or financial services industry
Bachelor’s degree in finance, accounting, risk management, or related field
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.
Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
Deep understanding of credit union regulations, risk frameworks (e.g., COSO, Basel), and internal control best practices
Proven leadership experience with the ability to influence at all levels of the organization
Strong analytical, communication, and presentation skills
Strategic thinking and sound judgment
Integrity and ethical leadership
Regulatory and financial acumen
Crisis and change management
Cross-functional collaboration

Nice To Haves

master’s degree or professional certifications (e.g., CPA, CIA, CRCM, CFE) preferred

Responsibilities

Leads the development, implementation, and continuous improvement of the Credit Union’s ERM framework.
Identifies, assesses, monitors, and reports on key risks across all business lines.
Partners with departmental units to integrate risk management and risk appetite discussions into daily operations, decision-making, and alignment with strategic initiatives.
Leads the development and maintenance of the business continuity plan (BCP) to ensure the Credit Union’s ability to operate during and after a crisis or disruption.
Coordinates and leads regular testing and training exercises to ensure preparedness and continuous improvement of the BCP.
Oversees risk assessments, incident response planning, and scenario testing.
Completes annual Business Impact Analysis (BIA) and annual report of the status of BCP to the Board of Directors.
Ensures the Credit Union’s compliance with all applicable laws, regulations, and internal policies.
Proactively monitors regulatory developments and drives readiness for upcoming changes.
Oversees the Compliance function, including Bank Secrecy Act, record retention, compliance training, and other programs.
Provides strategic direction to the Fraud department, ensuring the proactive and ongoing development and maintenance of a robust fraud prevention and detection program.
Oversees investigations of suspected fraud or misconduct and ensure appropriate corrective actions.
Provides strategic direction to the Internal Audit function, ensuring independence and objectivity.
Supports the annual audit plan and ensure timely execution of audits.
Reports audit findings and risk insights to the Audit Committee and senior leadership.
Manages the vendor management program, ensuring that third-party relationships are assessed for risk and aligned with the Credit Union’s strategic goals.
Oversees legal and risk evaluation of vendor contracts and third-party relationships.
Ensures appropriate due diligence, risk controls, and monitoring for all critical service providers.
Serves as a trusted advisor to the senior and executive team on risk-related matters.
Presents risk assessments and audit findings to the Board of Directors, Audit, and other relevant committees.
Promotes a strong risk culture throughout the organization.
Represents the Credit Union in key legal, industry, and regulatory forums.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Follows established company policies and procedures, including but not limited to: Sarbanes Oxley controls, Business Ethics and Standard of Conduct, Electronic Communications, Confidentiality and Privacy.
Additionally, all employees must follow policies and procedures to minimize risk by exercising judgment, raising questions to management, and adhering to policy guidelines.