VP, Enterprise Risk Management

CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB is seeking a VP, Enterprise Risk Management to serve play a key role in executing and enhancing the bank’s risk management framework. Reporting to the Director, Head of Enterprise Risk Management, the VP, Enterprise Risk Management will aid in the development, implementation, and execution of enterprise-wide risk management activities at CFSB. This individual contributor role requires a hands-on professional with extensive experience in operational risk management within the banking sector, a familiarity with regulatory requirements, and a passion for risk management. The role requires extensive cross-functional collaboration as well as independent self-directed work.

Responsibilities

• Assist business units in the completion of periodic risk assessments, including Risk & Control Self-Assessments (RCSAs), by identifying, documenting, and assessing inherent and residual risks, controls, and by producing and updating process maps and other assessment-related materials.
• Take a leading role in the successful execution of the control testing program, providing advice to stakeholders in the development of test scripts, assisting in the testing of key controls, and overseeing testers and testing activities.
• Assist in the design and development of risk reports for a wide variety of audiences. Take a leading role in the ongoing production and enhancements of risk reports, ensuring accuracy, timeliness, and overall quality.
• Monitor and report Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs). Partner with business units to refine existing metrics and develop new ones.
• Take a leading role in the enhancement of the bank’s centralized Issues Management process. Assist in the proactive identification of risks by promoting self-reporting of issues throughout the bank.
• Foster a culture of risk awareness and accountability across the organization by championing risk management throughout the organization. Assist in formal and ad-hoc risk training exercises.
• Assist risk team members and business partners throughout the bank, as needed/directed. Partner closely with colleagues in other risk and control functions, such as Third-Party Risk Management, Fraud, Information Security, and Compliance.
• Perform post-mortem reviews and conduct other detailed analysis in response to operational events.
• Contribute to the evolution of the risk management program and the success of the bank by identifying and suggesting opportunities for improvement and efficiency across the bank.
  
  

Knowledge, Skills, And Abilities

• Strong understanding of risk management frameworks, methodologies, and best practices.
• Excellent analytical and problem-solving skills, with the ability to assess complex risk scenarios and develop innovative solutions.
• Strong communication and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
• Proficient in Microsoft Office Suite, with advanced skills in Excel, PowerPoint, and Word.
  
  

Education, Training, And Experience

• Bachelor's degree in Finance, Accounting, Business Administration, Information Technology or a related field; advanced degree (e.g., MBA, CFA, FRM) preferred.
• Minimum of 8 years of experience in enterprise risk management within the banking industry, with a focus on regulatory compliance and risk assessment.
• Demonstrated leadership experience, with the ability to effectively lead and motivate cross-functional teams.
• Proven track record of driving change and implementing process improvements in a regulated environment.
• Relevant professional certifications (e.g., CRCM, CERP, FRM, or equivalents) preferred.
  
  

Salary Range: $170,000 - $190,000 / year

"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."

About Community Federal Savings Bank (CFSB)

Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.

We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.