Job Description
DescriptionResponsible for assisting the Chief Risk Officer with facilitating a risk management program in accordance with industry best practices and regulatory expectations. Responsibilities include facilitating a professional enterprise risk management program covering credit, interest rate, liquidity, transaction, strategic, reputation, and compliance risks; facilitating a robust third-party/vendor due diligence program; and assisting in the ongoing development, maintenance, and testing of the business continuity/disaster recovery program. The individual will work to identify, assess, and create mitigation plans for various risks throughout the Credit Union by executing defined risk assessment programs. This role will participate in the Credit Union's risk governance process by reporting on identified risks to management and the Board of Directors, while promoting an awareness of risk management practices throughout the Credit Union.Essential Duties and ResponsibilitiesEnterprise Risk Management / Risk Assessments•Work with multiple business units to complete risk assessments covering credit, interest rate, liquidity, transaction, strategic, reputation, and compliance risks affecting the Credit Union's products, services, and operations.•Participate in department walk-throughs, process mapping, and other risk assessment activities.•Facilitate completion of Risk & Control Assessments for key processes throughout the organization. Develop a consistent and repeatable process that will support effective execution and tracking of multiple assessments simultaneously and monitoring of assessment results and completion of action items for on-going reporting.•Contribute to establishment and maintenance of risk management policies, including the quantification of risk appetite through specific risk limits.•Contribute to the production of the risk dashboards and reports to support management and the Board of Directors.•Assist the Chief Risk Officer in assessing the appropriateness of internal controls and evaluating proper escalation procedures to ensure ongoing compliance with Credit Union policies, procedures, regulatory requirements, and industry best practices.•Assist with the validation of financial and compliance models utilized by the Credit Union based on regulatory guidelines, which may include assessing model documentation, model objectives and use, model data, outcome analysis, ongoing monitoring, governance, and backtesting.•Provide assistance with the Credit Union's record retention / document preservation program, as requested.Vendor Management•Facilitates and develops ongoing strategies for the Credit Union's third-party vendor management program that comply with laws, regulations, and industry best practices.•Ensures processes, procedures, and systems used in this process are appropriate for the size and complexity of the Credit Union and its vendors.•Provides recommendations for improvements to the vendor management process and works with business units to implement approved changes to the vendor management process.•Maintains summary of vendor contracts and terms.•Notifies business units when a contract nears the expiration date to renegotiate terms.•Works with business units to risk rate each vendor.•Requests vendors' financial performance reports periodically and maintains appropriate documentation.•Requests regulatory reports from vendors and maintains appropriate documentation.•Ensures business units are following established policies and procedures related to vendor management and ensures business units receive training related to the vendor management process, as necessary.Business Continuity / Disaster Recovery•Works with business units to develop and maintain ongoing strategies and documented plans for the Credit Union's business continuity/disaster recovery program that comply with laws, regulations, and industry best practices.•Ensures processes, procedures, and systems used in this process are appropriate for the size and complexity of the Credit Union and its vendors.•Provides recommendations for improvements to the business continuity/disaster recovery program and works with business units to implement approved changes to the business continuity/disaster recovery program process.•Ensures business units are following established policies and procedures related to the business continuity/disaster recovery program and ensures business units receive training related to the business continuity/disaster recovery program, as necessary.Other Duties•Keep the Chief Risk Officer updated regarding testing progress, overall risk themes, and findings.•Assist in the development of analytical, systems, and data management capabilities to support enterprise risk management.•Develop a strong working knowledge of the business's operations, finances, compliance issues, services, and products.•Support regulatory exams and audit processes.•Work overtime upon the request of the Chief Risk Officer.•Participate in training activities within your department and with the learning and talent development department; such training helps to ensure staff compliance with Credit Union policies and state and federal regulations and laws.•Perform other duties and assist other employees, as assigned.Risk Management Specialist II:•All of Risk Management Specialist I duties and responsibilities.•Perform all tasks consistently and accurately.•Provide value-added recommendations for process improvement on an occasional basis.•Demonstrates an above-average knowledge of Credit Union policies, procedures, and regulatory requirements affecting the items under review.•Demonstrate the ability to accept increasingly complex duties and responsibilities and perform additional duties to a satisfactory level.Senior... For full info follow application link.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
