What are the responsibilities and job description for the Director of Risk position at Rockland Federal Credit Union?
The Director of Risk oversees enterprise risk management (ERM) at the Credit Union. Reporting to the SVP/Risk, this role is responsible for identifying, assessing, measuring, monitoring, and mitigating risks.
- Oversees the Credit Union's enterprise risk management program pursuant to National Credit Union Administration and other financial regulatory guidance, with a focus on credit risk, interest rate risk, liquidity risk, transaction risk, compliance risk, strategic risk, and reputational risk.
- Leads risk identification and assessments, compilation of risk registers, and generation and monitoring of the Credit Union's risk profile.
- In collaboration with Credit Union leadership, develops risk tolerances, monitoring, and mitigation that are in alignment with the Credit Union's strategic plan.
- Recommends and/or initiates appropriate techniques to minimize loss such as avoidance, mitigation, transfer and acceptance.
- Creates and presents level-trend-peer risk reports to Credit Union leadership, committees, and the board of directors.
- Serves as a key contact for audits, consultants' reviews, and regulatory examinations. In collaboration with the audit function, monitors Credit Union responses to related findings and recommendations.
- Fosters a risk-aware culture, including functioning as department liaison and consultant on risk management education, effective risk-taking, change risk management, and project risk management.
- Collaborates on oversight of the Credit Union's vendor management program.
Requirements:
- Bachelor's degree in business, finance, economics, or related field.
- Minimum of seven (7) years related experience in a financial institution, preferably a credit union or bank, with a focus on enterprise risk management.
- Related certification, or in-pursuit of, for example, Certified Risk Management Professional (CRMP), Financial Risk Manager (FRM), Certified Bank Auditor (CBA), Certified Internal Auditor (CIA).
- Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
- Advanced knowledge of risk management framework for credit unions and banks.
- Intermediate proficiency in risk and/or compliance management software.
- Intermediate skills in Microsoft Office suite (Word, Excel, Outlook).
Schedule: Full Time, 40 hours/week.
