What are the responsibilities and job description for the Financial Risk Manager position at FourLeaf Federal Credit Union?
FourLeaf Federal Credit Union has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business, and they were all created with a unique cultural foundation.
The estimated salary range for this role is $103,846 to $145,386 annually.
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Responsibilities Include: |
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Fostering a team driven by service and efficiency through leadership and training, ensuring deliverables are accurate, timely, and consistent with the established Enterprise Risk program and strategic direction set by the Vice President of Enterprise & Third-Party Risk.
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Develops, implements, manages, and maintains the credit unions’ financial risk framework and programs, including but not limited to, conducting ongoing assessments of Models, Third-Parties, Credit, Finance, Accounting and Treasury data. Establishing and implementing key risk indicators (KRIs) to track financial risk exposure on an ongoing basis. Generating regular risk reports for senior management, including risk profiles, mitigation plans and risk trends.
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Proactively identifies, assesses, and mitigates financial risks including market risk, credit risk, liquidity risk, and operational risk, by analyzing financial data, developing risk mitigation strategies, and reporting findings to the Vice President of Enterprise & Third-Party Risk to ensure the organization's financial stability and profitability. Continuous monitoring and measuring key risk indicators to identify emerging risks to assess the organization's overall risk exposure. Use quantitative and qualitative techniques to analyze and model potential risks, including stress testing, scenario analysis, and simulations. Recommend and implement risk mitigation strategies, such as hedging, diversification, insurance, and contingency planning. Work closely with various stakeholders, including senior management, business units, and external parties, to communicate and address risk-related issues.
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Provide support as the subject matter expert for Financial Risk in the development and management of key risk systems and tools such as MetricStream (GRC), SRA Watchtower, Reportable Events, Model, Insurance, Policy, and Procedure Management. |
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Prepares and presents risk reports to senior management and Enterprise Risk Management Committee, highlighting key risk exposures, trends, and mitigation actions. Manages the preparation of the monthly, quarterly, annual, and ad hoc Financial Risk reports and presentations for the Chief Legal & Risk Officer, Vice President of Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Asset Liability Management Committee and Board. |
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Stays up to date on relevant financial regulations to ensure the organization’s adherence to compliance standards. Monitors regulatory changes and assess their potential impact on the company's risk profile. Continuously monitor industry developments, best practices, and emerging risk management techniques to enhance the organization's risk management capabilities. Acts as the key contact for the Enterprise Risk Management internal and external audits of Financial Risk Programs and Framework and as support for regulatory audits of Financial Risk. |
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Educates and trains employees on risk management principles, policies, and procedures to enhance risk awareness and promote a risk-conscious culture. |
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Computer Skills: MS Office Suite with an expertise in Excel and PowerPoint, in addition to general operation of standard office equipment such as Office 356 etc.
FourLeaf Federal Credit Union provides a range of benefits with various enrollment periods, including medical, dental, and vision coverage, a 401K plan with employer match, reimbursement programs, wellness programs, and an annual performance-based bonus.
Salary : $103,846 - $145,386
