What are the responsibilities and job description for the VP Enterprise Risk Mgmt & Compliance position at Financial Partners Credit Union?
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In this role, you will oversee and direct the Credit Union’s Enterprise Risk Management and Compliance program under the direction of the Executive Vice President, Chief Administrative Officer (CAO). You will work closely with business units and executive leadership to establish, assess, and manage organizational risk while strengthening internal controls and regulatory compliance.
This position plays a critical leadership role in shaping the credit union’s risk management framework, implementing governance and compliance infrastructure, and ensuring the organization maintains a strong and transparent risk posture.
Essential Responsibilities
Enterprise Risk Management Leadership
- Serve as a strategic advisor to the CAO, CEO, and Executive Leadership Team, translating complex risk information into actionable business decisions.
- Collaborate with business units and senior management to define and communicate the organization’s enterprise risk management vision.
- Establish and promote ERM methodologies, tools, and techniques to strengthen organizational risk management capabilities.
- Provide a structured and disciplined approach to identifying and closing gaps in risk management practices.
- Consult with business leaders on risk assessment, business risk decisions, and risk response strategies.
- Lead the development and integration of the Credit Union’s Governance, Risk, and Compliance framework across Audit, Compliance, IT Security, and Operational Risk functions.
- Manage the Bank Secrecy Act (BSA) program, including compliance with BSA, OFAC, and USA Patriot Act requirements, and serve as the Credit Union’s BSA Officer.
- Develop and maintain risk management policies and procedures and support other control functions as needed.
- Monitor legislative and regulatory developments and recommend actions to maintain compliance.
- Interface with regulatory agencies, law enforcement, and credit union leadership as necessary.
- Lead the monitoring and reporting of the organization’s overall risk profile.
- Develop enterprise-level risk dashboards and reports highlighting emerging risks, trends, and areas of concern.
- Direct the collection, analysis, and assessment of risk data from business units and support functions.
- Establish and manage reporting processes that support ongoing risk monitoring and compliance oversight.
- Oversee Risk Management operations including departmental budgeting, goal setting, performance management, and employee development.
- Provide leadership to the ERMC team responsible for monitoring risk control deficiencies and supporting remediation efforts.
- Evaluate, select, and manage ERM technology platforms to enhance automation, reporting, and enterprise risk visibility.
- Coordinate regulatory and external audits and examinations, including follow-up reporting and management responses.
- Maintain the Credit Union’s bylaws and coordinate updates with regulators.
- Lead the development and refinement of the Credit Union’s Risk Appetite Statement in alignment with business objectives and regulatory expectations.
- Establish a formal model risk management program including best practices and governance guidelines.
- Provide oversight of the enterprise Business Continuity and Incident Response programs, including planning, testing, and coordination with business units.
- Partner with leadership teams to develop action plans that address identified risk gaps.
- Oversee the Credit Union’s NMLS administration including company registry management, renewals, MU1 and MU2 filings, and SAFE Act compliance.
- Ensure appropriate coordination with departments employing registered Mortgage Loan Originators.
- Bachelor’s degree in Business, Finance, or Accounting required.
- Master’s degree in Business or Public Administration preferred.
- Minimum of eight years of audit experience within a financial institution.
- Minimum of five years of management experience.
- Thorough understanding of regulatory requirements and their impact on risk management.
- Strong written and verbal communication skills.
- Proficiency with Microsoft Word, Excel, and database applications.
Professional certification strongly preferred, including CPA, CBA, CFE, NCCO, or equivalent. Candidates actively pursuing certification will also be considered.
WHY THIS ROLE MATTERS
Enterprise Risk Management and Compliance are central to maintaining the financial strength, regulatory integrity, and long-term sustainability of the credit union. The Vice President of ERMC provides leadership and structure to the organization’s risk management efforts, ensuring that risks are identified, monitored, and managed effectively while supporting responsible growth and strong governance across Financial Partners Credit Union.
The pay range for this position is listed above. Our pay ranges are designed to allow for candidates with various levels of experience and skill to be considered, and to allow room for growth to be achieved in a role over time. Generally, new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their individual combination of experience, knowledge, skills, and education as well as internal equity.
Financial Partners Credit Union is an equal opportunity employer and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.