CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB is seeking an AVP of Enterprise Risk Management to play a key role in executing and enhancing the bank’s risk management framework. Reporting to the Director, Head of Enterprise Risk Management, the AVP/VP, Enterprise Risk Management will aid in the development, implementation, and execution of enterprise-wide risk management activities at CFSB. This role requires a professional with experience in enterprise risk management and/or 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 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.  Serve as the point of contact for issues reporting and 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 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 risk team members and colleagues 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:

• Experience in operational and/or enterprise risk management within the financial services industry
• Significant hands-on non-financial risk assessment experience, specifically Risk & Control Self-Assessment (RCSA), control testing, and process mapping. 
• Familiarity with financial services industry risks and regulations.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) and Microsoft Visio (or related). 
• Capability to work independently and collaboratively in a team environment.
• Excellent verbal and written communication skills.
• Strong interpersonal skills.

Education, Training, and Experience:

• Bachelor’s Degree
• Minimum of 6 to 8 years of demonstrated experience in enterprise and/or operational risk management

Salary Range: $130,000 - $150,000 / 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.