Risk Specialist

Role:
The Risk Management Specialist supports the Credit Union's enterprise risk management activities through administration of key risk programs, including vendor management, incident reporting, legal request handling, and policy governance. This role operates within the second line of defense and is responsible for ensuring consistent execution of risk management processes, maintaining appropriate documentation, and supporting effective identification, escalation, and mitigation of operational, legal, and third-party risks. The position serves as a central coordination point for risk-related workflows and provides support to business units in aligning with established risk management frameworks and expectations.

Essential Functions & Responsibilities:

•  Assists in maintaining and organizing the Credit Union’s vendor management program. Coordinates vendor onboarding, due diligence, risk assessments and performance reviews in accordance with established policies and regulatory expectations.
• Serve as the central intake and coordination point for legal requests, subpoenas and court orders.
• Assists in maintaining and organizing the Credit Unions Incident Response Program, including intake, tracking and documentation of events.
• Assists in maintaining and organizing the Credit Union’s policy management, including coordinating policy creation, review, approval and periodic updates across departments.
• Support the administration of the Credit Union’s Bond and Insurance programs. Assist in evaluating coverage needs, coordinating appropriate risk transfer strategies and coordinating/ tracking of insurance claims activity.
• Performs other job-related duties as assigned.

Performance Measurements:
1. Demonstrate proficiency in regard to knowledge of Credit Union policies, procedures, standards, relevant litigation, and applicable state and federal government rules and regulations.
2. Provide regular and thorough reporting for leadership along with recommendations based on identified potential risks.
3. Demonstrate a high level of accuracy and attention to detail in the administration and documentation of risk management processes.
4. Maintain strict confidentiality and exercise sound judgement when handling sensitive information.
5. Ensure timely and complete execution of assigned responsibilities.

6. Effectively identify, assess, and escalate risks in a timely manner, demonstrating sound judgement in determining materiality and appropriate escalation channels.
7. Maintain a proactive and forward-looking approach to risk, anticipating potential issues based on trends, changes, or emerging risks and communicate them appropriately.

Knowledge and Skills:
Experience: 1 year Fraud Analyst or similar position experience preferred. Knowledge of laws, procedures, and other relevant financial regulatory standards.

Education: (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Interpersonal Skills: Excellent verbal and written communication skills.

Other Skills: Proficiency in MS Office. Strong analytical and critical thinking skills. Documenting and reporting skills. Strong attention to detail and high level of accuracy. Self-motivated with excellent time management skills and the ability to prioritize multiple tasks.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.

Salary : $20 - $31