Job Description
Position Purpose The Vice President of Enterprise Risk Management will lead the execution of the credit union's enterprise risk management programs. Additionally, the VP of ERM will provide compliance, regulatory and risk management advice to the credit union to minimize risk and ensure operations are conducted in accordance with all applicable laws and regulations. This position is responsible for ensuring REV is completing all assigned compliance and information security training and complying with the credit union’s policies and procedures related to the Bank Secrecy Act and Office of Foreign Assets Control (OFAC).
Duties & Responsibilities Assumes responsibility for the execution of the credit union's enterprise risk management programs: - Provides support and guidance to the compliance, QA, and ERM specific teams as well as team members across the organization in response to inquiries and requests.
- Partners within internal and external counsel to assist in litigation brought against or on behalf of REV.
- Drafts and updates disclosures, notices, forms, letters, and agreements used by the credit union as business practices, technology and regulations change.
- Reviews and provides advice on vendor contracts, software and licensing agreements and corporate real estate transactions.
- Complete investigations and responds to regulatory inquiries, requests from law enforcement agencies, member complaints, and other ERM related issues.
- Serves as the privacy officer for the credit union to ensure that appropriate disclosures, controls, systems, training, processes, and procedures are in place across the organization to comply with all applicable privacy laws and regulations.
- Maintains the credit union’s vendor management program that tracks contract renewal dates, completion and updating of due diligence reviews, review and negotiation of vendor contracts, as well as risk assessments of vendor relationships.
- Assists with merger and acquisition activities, including transaction-related documentation and supporting compliance personnel with vendor changes as well as disclosure and agreement changes.
- Provides updates to policies and informs key stakeholders of potential changes to laws and regulations impacting REV.
- Assists with internal employment, ethics, and compliance investigations as needed.
Assumes responsibility for additional initiatives: - Participates with the Supervisory Committee in the delivery of the internal and external audit findings, including fraud reporting.
- Collaborates effectively with other credit union leaders to support credit union projects.
- Researches and implements new processes and technology to improve operational efficiency.
- Provides training as needed for the effective implementation of risk management practices.
Assumes responsibility for complying with applicable regulations: - Responsible for supporting compliance of all applicable laws and regulations that the credit union is subject to.
Assumes responsibilities for related duties as required or assigned. Skills & Qualifications Education/Certification & Experience: - At least five (5) years’ experience in leading multiple ERM functions/operations.
- Bachelor’s Degree in business administration, accounting, or finance.
- Juris Doctor degree preferred.
- Proven experience in reading and interpreting compliance rules, regulations and regulatory guidance.
Skills/ABILITIES: - Proven leadership abilities, including but not limited to leading teams to successful implementation of strategic and tactical plans.
- Proven ability to create, comprehend, analyze, and interpret complex rules, regulations, and regulatory guidance.
- Proven ability to write reports, assessments, procedures, and policies.
- Proven ability to conduct financial and business analyses.
- Proven ability to solve advance problems and deal with a variety of options in complex situations.
- Proven strong analytical and quantitative skills.
- Proven strong Microsoft Office Suite product skills and project management software skills.
- Proven ability to collaborate with a variety of leaders.
- Proven ability to negotiate effectively with key employees, senior management, and vendors.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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Job Tags
Contract work, Work at office,