Director of Enterprise Risk Management- Direct Hire!
Purpose of Position: Responsible for and recommend decisions on risk management issues that directly impact the strategic direction of the company. To manage the compliance, collection and internal auditing strategies within the Risk Management department. Focus will be on diving deep into the activity of existing members to analyze and report member behavior, while simultaneously driving growth as the client develops and implements new strategies.
Assumes responsibility for the Client's compliance with all applicable laws, rules and policies.
1. Develop a compliance program and continually maintain it.
2. Responsible for the implementation of new regulations or changes to existing regulations.
3. Assist in updating and reviewing policies and procedures based on regulatory changes, internal audits and examinations by regulatory agencies.
4. Assists Senior Management in developing policies and procedures for compliance issues. Conducts periodic reviews of existing policies to ensure accuracy, efficiency, and effectiveness.
5. Ensures Bank Secrecy Act (BSA) program is compliant.
Assumes responsibility to protect the client from risk that could interfere with the client objectives and mitigate risk where it is unavoidable.
1. Follow the strategic risk management vision and deliver that strategy to the company using exceptional leadership skills, network of internal and external alliances and highly developed business skills.
2. Evaluating, analyzing, and reporting the impact and performance of portfolio strategies. to assure compliance after approval by legal counsel and Board of Directors.
3. Quantitatively and qualitatively assess, draw conclusions and structure responses on current and potential risk exposures and communicate their impact on profitability and capital position.
4. Assist with the plan and completion of complex key business projects. Work with Project Leaders to scope objectives and develop the strategy for completion.
5. Conduct research, gather information, and maintain awareness of business environment, government events, and regulatory changes.
6. Maintains a schedule for cursory examination of all compliance requisites and looks for evidence of deficiencies in controls, duplication of effort, timeliness of response to compliance issues or lack of compliance with laws, government regulations and management policies and procedures.
7. Analyze complex risk profiles across client and design enterprise-wide risk mitigation strategies, reducing the frequency and severity of operational surprises and losses.
8. Be responsible for both detailed and high-level analyses of alternative transactions related to collection, compliance and internal audit teams.
9. Develops solutions to problems with consideration for department and company goals and direction.
10. Analyzes business processes and issues. Manages departmental policies, procedures, and standards to enhance efficiency and work quality.
11. Develop, rewrite, and recommend changes for fraud policies, implement procedures, (i.e. ChexSystems)
12. recommend changes for client policies and procedures
Assumes responsibility for ensuring that professional business relations are established and maintained with regulatory agencies, auditors, appraisers and business associates.
1. Maintains Vendor Management Program.
2. Researches third party relationships in compliance with the Vendor Management Policy and makes recommendations for new partners.
3. Develops and manages relationships between departments both inside and outside business unit.
4. Assist with cross-department projects and initiatives involving close collaboration with different departments.
Assumes responsibility for establishing and maintaining effective communication and coordination with area personnel and management.
1. Overseeing a team with the responsibility of developing and maintaining reporting to track portfolio and profitability.
2. Manages and develops a team of co-workers with a diversity of skills and experience levels. Ensures staff is knowledgeable and cross-trained, encourages self-development, and promotes team participation. Provides work direction and monitors overall productivity and work quality.
3. Evaluate employee performance, making recommendations to Human Resources relating to compensation, job responsibilities, corrective or disciplinary action and continuance of employment.
4. Manages, leads, and supports others through the process of change both within the team and throughout the organization to achieve results related to corporate strategy.
5. Manages the operational and fiscal activities of the department including staffing levels, budgets, operational controls and processes.
6. Extensive knowledge of internal business processes and the financial industry.
7. Present findings to the CFO and make recommendations for improvements.
8. Present a professional, positive image of the client to members and potential members at all times.
9. As a team member, promotes, cross-sells, and markets all products and services at every opportunity.
10. Perform other duties and responsibilities as directed by CFO
General Education Development
Reasoning: Ability to collect, analyze, and interpret financial data. Ability to read legal documents and translate into appropriate operational policies and procedures. Ability to analyze and resolve employee and member relation conflicts. Ability to exercise good sound judgment.
Math: Compute discount, interest, profit, and loss; ratio and proportion, and percentages. Calculate variables and formulas.
Language: Read periodicals, journals, manuals, source documents, legal documents and policies. Well-developed verbal skills to be used in the preparation of business communications and reports. Write clear and concise letters, summaries, reports, notes, memorandums, using prescribed format, and conforming to all rules of punctuation, grammar, and style. Effective communicator at all levels of the organization. Speak before a Board of Directors, Management Staff, staff and members with poise, voice control, and confidence. Participate in discussions, debates, and address large audiences.
Minimum Formal Education: Bachelor's degree or higher in Economics, Finance, Business, Math, Law or related field.
Experience: Seven or more years relevant financial consulting/risk management experience. Five years previous management experience required. Proven success within financial risk development at the leadership level. Working knowledge of NCUA Regulations is required.
Other Requirements:
1. Must be bondable.
2. Intellectual horsepower with problem solving and analytical skills.
3. Strong communication skills and political savvy.
4. Knowledge of financial analysis and profitability drivers.
5. Self-starter, who can work independently with a high degree of organization on several projects at one time.
6. Sufficient self-confidence and ability to propose new ideas/solutions.
7. Ability to quickly assimilate and analyze large amounts of information.
8. Must be proficient in financial modeling procedures
9. Strong knowledge of Microsoft tool suite (Excel, Word, PowerPoint).
10. Highly developed communications.
11. Team player, change agent, strategic and creative.
12. Excellent project management skills and the ability to drive performance from all areas