Enterprise Risk Manager

Our goal is to be an Employer of Choice, and it takes all of us to achieve this. That's why all Commonwealth Credit Union team members are expected to live our Team 1 culture in all facets of their position. This includes our commitment to Diversity, Equity, Inclusion, Accessibility, and Belonging. 

At Commonwealth Credit Union, we are united in our Common Purpose to Better Lives through OUR PASSION to Serve. This includes everyone, from our team members to the people in the communities we serve. That's the emphasis of our Team 1 Culture. Together Everyone Achieves More. We believe We Better Lives when we cultivate diversity, promote equity, foster inclusion, are intentional about accessibility, and provide an environment where everyone feels like they belong. That's an Extraordinary Experience. That's Bettering Lives. That's Team 1.

The Enterprise Risk Manager manages the Enterprise Risk Management Department and assists the Vice President of Risk Management on corporate risk initiatives, staying updated on regulatory developments impacting the financial services industry and providing support on strategic objectives. The Enterprise Risk Manager plans and manages annual compliance training for the organization, all risk activities involving fraud and loss prevention, regulatory compliance, disaster recovery/business continuity, business impact analysis, risk identification, and risk assessment processes. They oversee the organization's fraud detection and compliance programs while creating a collaborative and supportive team environment to find solutions to issues facing the Credit Union.

Duties and responsibilities include, but are not limited to: 

• Partnering with Credit Union management to offer analysis in critical planning and the decision-making process in order to reduce the Credit Union's risk and liability.
• Overseeing the organizational risk assessment program to ensure strategic objectives are met and recommend changes as needed or required.
• Staying current with regulatory changes and providing recommendations as needed.
• Working with the Enterprise Risk Management Department to identify, evaluate, modify, test, monitor, and report to management on the effectiveness of the Credit Union’s compliance management system.
• Collaborating with regulatory agencies, auditors, and internal staff to ensure compliance with applicable laws and regulations. 
• Staying abreast of all current fraud patterns, make recommendations regarding organizational procedures when needed.
• Providing training and support to departments to help recognize and reduce fraudulent behavior or members.
• Providing effective management and support of the Credit Union’s disaster recovery and business continuity plans and supporting activities necessary to enable the Credit Union to manage business during a crisis or disaster event. 
• Collaborating with department leaders and encouraging open communication and the sharing of ideas between all team members and departments in the organization.
• Managing daily operations to ensure prompt, accurate, and efficient service.