VP Risk Management

Service 1st Federal Credit Union • Danville, PA

23h • Hybrid

About The Position

Role: Responsible for the design, development and oversight of the enterprise risk management (ERM) function of the credit union by establishing a comprehensive framework for risk identification, assessment, mitigation, monitoring, and reporting. Partners with leaders and departments across the credit union to plan, implement, support and monitor risk management strategies and practices. Risk management functions include regulatory compliance, cybersecurity, business continuity and disaster recovery planning, vendor due diligence, physical security, fraud and incident response and strategic risk management planning as it relates to credit, liquidity, interest rate, operational and reputation risk.
Serves as a strategic advisor to the President/CEO, Leadership Team and department leaders, ensuring the credit union operates safely, soundly, and in alignment with its growth objectives.
This position is eligible for a hybrid work from home schedule, as set and approved by the President/CEO in accordance with the credit union's Remote Work policy.

Requirements

• Five years to eight years of progressive risk management, compliance, or audit experience in a regulated financial institution. Qualified candidate must possess a deep understanding of NCUA regulations, FFIEC guidelines and risk governance principles.
• (1) A bachelor's degree in business, finance, risk management or related field is required or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree such as CRCM, CAMS, CRMA, CERP, or CIA.
• Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
• demonstrated leadership capability, with experience managing teams or cross-functional initiatives.
• strong analytical skills, with ability to translate complex data into clear recommendations.
• excellent communication skills ' able to influence, educate, and partner across the organization.
• strategic and forward-thinking
• builder mentality (comfortable creating structure from ambiguity)
• high integrity and sound judgement
• ability to balance risk with growth
• strong collaboration and relationship-building skills
• commitment to developing staff
• Involves sitting most of the time. Walking and standing are required occasionally.
• Repetitive finger movements to perform typing or otherwise working with paper files and documents.
• Require close visual acuity to prepare and analyze data and figures; view a computer terminal; read; and assess work quality
• Not substantially exposed to adverse environmental conditions.
• State of Pennsylvania residency required.
• Position is eligible for a hybrid work from home schedule, as set and approved by the positions manager in accordance with the credit union's Remote Work policy. In order to be approved to work from home, a cable modem or fiber internet connection is required which must have minimum service speed of 10M download / 2M upload, with less than 1% packet loss. Internet service and modem are the employee's expense.

Responsibilities

• Develop and implement a comprehensive risk management program that addresses all risks faced by the credit union and aligns with the credit union’s strategic objectives. Identify, assess, monitor, mitigate and prioritize key risk across the credit union in its daily operations, including credit risk, liquidity risk, interest rate risk, operation, strategic, compliance, reputation, and cybersecurity risk.
• Partner with leaders across the credit union to review and update policies and procedures in support of risk management strategies.
• Provide clear, timely and actionable risk reporting to Leadership by establishing and maintaining a comprehensive risk register and reporting dashboard for board and leadership’s access and utilization.
• Oversee the development and testing of the credit union’s Business Continuity Plan and Disaster Recovery Plan.
• Develop and deliver training programs on risk management practices to credit union staff.
• Other job-related duties as assigned.

What This Job Offers

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