Associate Vice President of Risk Management

Job Details

Description

Title: Associate Vice President of Risk Management

Department: Risk Management

Reports to: Chief Financial Officer

FLSA: Exempt

Job Grade: 16

Job Purpose: The Associate Vice President of Risk Management role exists to cultivate and manage the credit union's Enterprise Risk Management, Compliance, BSA/AML, Information Security, Business Continuity, Physical Facilities and Security programs. The role is responsible for providing strategic direction on recognizing and mitigating risks in order to ensure the financial stability of the credit union.

Essential Job Results:

JOB SPECIFIC RESULTS

1. Manage the credit union's Enterprise Risk Management program, including identifying risks, establishing structures to evaluate risks, and creating risk response plans in order to maximize opportunities for the credit union in a responsible manner.
2. Oversee the BSA/AML program for the credit union. Ensure that all activities related to BSA, AML, OFAC and the USA Patriot Act are implemented effectively in order to identify suspicious and/or fraudulent activity.
3. Ensure that all required training related to BSA, AML, OFAC, the USA Patriot Act and other compliance topics is completed on an annual basis for all employees and Board members.
4. Provide strategic leadership for the Compliance function of the credit union, including departmental compliance issues, adherence to policies and procedures, and communication with the Supervisory Committee as needed.
5. Provide strategic leadership for the vendor management function, including due diligence and contract reviews.
6. Provide strategic leadership for the Quality Assurance department, analyzing trends in errors and communicating with departmental leaders regarding additional training or skills that may be required.
7. Develops effective relationships with all Directors of the credit union in order to provide guidance, regulatory updates, interpretation of applicable laws and regulations, and training as needed to ensure compliance with policies, procedures, laws and regulations.
8. Provide strategic leadership for the Information Security function and the Business Continuity plan. Regularly meet with the Senior Leadership team and departmental leaders to ensure that proper controls are in place to protect member and employee data and that the Business Continuity plan is complete and current.
9. Oversee the Physical Security function for the credit union, ensuring that all buildings are secure for employees and members.
10. Provide strategic leadership for the Facilities and Maintenance function. Establish maintenance schedules for all buildings in order to avoid major unplanned expenses.
11. Establish and monitor progress toward annual budget for the Risk Management area, including capital expenses, ongoing employee development, operational expenses and projects.
12. Oversee the Internal and External Audit functions for the credit union, ensuring that all areas are audited appropriately. Provide leadership to the Internal Audit team and communicate findings to the Supervisory Committee. Provide guidance to departmental leaders on appropriate responses and corrections to Internal and External audit findings.

GENERAL MANAGEMENT RESULTS

1. Maintains staff by recruiting, selecting, orienting and training employees, maintaining a safe and secure work environment, and developing personal growth opportunities.
2. Mentors staff by providing individual guidance and technical expertise.
3. Supervises the risk management department to conduct random audits of employees' work.
4. Accomplishes staff job results and departmental goals by coaching, counseling and disciplining employees; communicating job expectations; effectively scheduling staff to meet the credit union's needs; planning, monitoring and appraising job results; conducting training; initiating, coordinating, implementing and enforcing systems, policies and procedures; and keeping supervisor updated on issues on a regular basis.
5. Completes operations by developing schedules; assigning and monitoring work; gathering resources; implementing productivity standards; resolving operations problems; maintaining reference manuals; implementing new procedures; keeping supervisor informed of problems and solutions.
6. Maintains department policies and procedures by assessing practices, identifying strengths and weaknesses, and recommending changes to the supervisor.
7. Maintains operations by initiating, recommending, coordinating and enforcing operational and personnel policies and procedures; and coordinating, developing and maintaining comprehensive procedures for each position in the operational area of responsibility.
8. Manages diversity in the workplace by understanding, supporting and practicing equal employment opportunity regulations and participating in all mandatory training regarding this and related topics.

GENERAL STAFF RESULTS

1. Maintains member and employee confidence and protects operations by keeping information confidential and sharing on a business-related as-needed basis only.
2. Engages in problem resolution by clarifying the member's and/or employee's complaint; determining the cause of the problem; selecting and explaining the best solution to solve the problem; expediting correction or adjustment; following up to ensure resolution; and keeping the supervisor informed of problems and solutions.
3. Complies with UKFCU policies and procedures by enforcing and adhering to internal UKFCU procedures and board-established policies.
4. Complies with federal, state and local regulations and legal requirements by enforcing and adhering to requirements.
5. Maintains professional and technical knowledge by maintaining an awareness of competitors' rates and terms, industry trends and technology; attending staff meetings; identifying opportunities to attend seminars that enhance skills and maintain knowledge of new products that could assist in improving operational effectiveness; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; and participating in professional societies.
6. Contributes to a team effort by accomplishing corporate and individual goals and other related results as needed.

KEY COMPETENCIES

• Professionalism in all communications.
• Commitment to the Credit Union movement and philosophy.
• Integrity in all actions.
• Ability to identify the needs of the member and provide services to meet those needs.
• Accountability to established metrics and performance goals.
• Demonstrate the following key leadership attributes: Collaboration and Teamwork, Professional Responsibility, C.