AVP Risk

Summary:

The Assistant Vice President (AVP) of Risk oversees the Compliance, Internal Audit, and Fraud departments, ensuring accurate compliance reporting, effective risk management, and adherence to regulations. In the Compliance area, the AVP ensures all functions adhere to state and federal regulations and other relevant laws. For Internal Audit, the AVP leads the function to assess and report on the adequacy and effectiveness of the credit union's internal controls. In the Fraud department, the AVP develops and manages strategies to prevent, detect, and investigate fraudulent activities.

Essential Functions & Responsibilities:

Compliance

• Maintain and enhance credit union policies to ensure regulatory compliance.
• Develop and oversee compliance procedures in line with credit union policies and state/federal regulations.
• Ensure adherence to all relevant laws, regulations, and industry best practices.
• Monitor compliance exposures, recommend mitigation strategies, and report to senior management.
• Manage vendor compliance, including due diligence, contract reviews, and ongoing monitoring.
• Develop, implement, and test disaster recovery and business continuity plans.
• Conduct periodic Risk and Business Continuity Committee meetings, reporting results to senior management.

Internal Audit

• Oversee the internal audit function, ensuring its independence and effectiveness.
• Assess and report on the adequacy and effectiveness of the credit union's system of internal controls.
• Report to senior management and the audit committee on internal audit results.
• Serve as the primary contact for regulatory examinations and fiduciary audits.

Fraud

• Develop and implement programs to detect, prevent, and investigate fraud.
• Oversee fraud risk assessments and implement mitigation strategies.
• Oversee the development and implementation of fraud detection tools and systems.
• Provide input for the structure of the credit union's physical security program.

Performance Measurements:

Compliance

• Ensure the Compliance Department meets all deadlines for compliance activities, maintaining accurate and current records while minimizing errors to prevent losses.
• Maintain compliance with all applicable credit union policies, laws, and regulations.
• Monitor and analyze compliance exposures, recommend mitigation strategies, and report on compliance to senior management.

Internal Audit

• Ensure the internal audit function operates independently and effectively.
• Report to senior management and the audit committee on internal audit results.
• Assist in preparing and executing the annual internal audit and compliance plan.

Fraud

• Develop and implement effective fraud detection, prevention, and investigation programs.
• Monitor and analyze fraud risk exposures, recommend mitigation strategies, and report on fraud risk to senior management.

General

• Keep executive management informed about key operating issues affecting the department.
• Stay up to date with knowledge in assigned areas of responsibility.
• Provide timely and constructive feedback to staff, and complete performance reviews within the prescribed time frame.
• Maintain a cohesive, highly trained, and motivated staff to meet daily department demands.
• Complete all required compliance and operations training, adhering to credit union and governmental rules and regulations.
• Deliver friendly, professional, and accurate service and support to all members and associates.

Knowledge and Skills:

Experience

• Three to five years of similar or related experience, with a preference for experience in a financial institution or credit union environment.
• Experience leading various risk and compliance teams within a financial institution is preferred.

Education

• Bachelor's degree in Business Administration, Finance, or a related field; a Master's degree and relevant professional certificate (e.g., CFE) are preferred.
• Relevant professional certifications such as Credit Union Enterprise Risk Management Expert (CUERME) and/or Credit Union Compliance Expert (CUCE) are preferred.

Skills

• Strong knowledge of regulatory requirements and industry standards related to risk management, internal audit, and compliance.
• Proven experience in data analysis, investigation management, and reporting.
• Proficient in the use of spreadsheet and word processing software.
• Exceptional interpersonal skills. The ability to motivate or influence others is a material part of the job, requiring a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the job.

Physical Requirements:

• Constantly repeating motions that may include the wrists, hands and/or fingers. This includes but may not be limited to keyboarding, writing, and filing.
• Constantly remaining in a stationary position, often sitting for prolonged periods.
• Occasionally adjusting or moving objects up to 75 pounds for various needs.
• The person in this position constantly communicates in person and in writing with members, managers, and colleagues. Must be able to exchange accurate information in these situations.
• The ability to observe details at close range to assess the accuracy, neatness, and thoroughness of the work assigned.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.