VP of Risk Management

VP of Risk Management (Redwood City, CA)

Job Summary:

The Vice President of Risk Management is responsible for overseeing the Credit Union’s compliance and risk management programs. This individual will work closely with the CAFO and the Risk Management Manager to ensure that the Credit Union complies with NCUA and DFPI Rules and Regulations, state laws, Board Policies, Credit Union Bylaws, polices and procedures. Manage the Credit Union's Bank Secrecy Act program. The VP will also lead the ERM program, identifying, assessing, and mitigating risks to the Credit Union’s operations and reputation. This individual will be responsible for the management of the Credit Union's Disaster Recovery and Business Continuity Programs.

Why Provident?

Provident Credit Union was established in 1950 and we rank among the top 10% of credit unions in the US. We believe having a culture that is accepting, supportive, diverse, and inclusive makes us all better. Provident has been a Bay Area “Top Workplace” since 2017, and our employees rank us on Glassdoor as one of the best credit unions in the nation. Our values are:

Listen

Get Better

Do What’s Right

Essential Functions:

• The VP of Risk Management will develop, implement, and maintain the Credit Union's compliance program to ensure adherence to all applicable laws, regulations, and internal policies. Monitor and report on compliance risks and issues. Oversee and/or conduct gap analyses and monitor progress toward implementation.
• Maintains up to date information on current and pending legal and compliance issues regarding Credit Union activities.
• Identify, assess, and analyze various risks across the Credit Union's operations, including financial, operational, compliance, and reputational risks.
• Design and lead initiatives to continue to mature the ERM program. This includes providing thought leadership and hands on support during the design and implementation of new ERM processes and the maturation of existing ERM processes.
• Stay abreast of regulatory changes and ensure that the Credit Union's ERM framework complies with all applicable laws and regulations.
• Partner with the business and functional areas to identify potential risks and collaborate effectively to achieve ERM program and organizational objectives.
• Work with Leadership Team to develop and update actionable risk management dashboards for the organization to include key risk indicators.
• Oversee the review of day-to-day transaction reports and ensure transactions are performed within regulatory guidelines and in-house policies.
• Prepare written audit reports that are accurate, objective, clear, concise, constructive and timely for the purpose of expressing an opinion on the adequacy of internal controls and making recommendations for improvements to existing systems or functions. Conducts exit interviews with appropriate management to discuss content of the reports.
• Serves as primary point of contact with auditors during risk specific compliance audits. Writes and submits for approval any correction steps or responses post audit.
• Coordinate and conduct all key risk activities across departments to ensure material/key risks are identified, escalated, managed and remediated timely.
• Act as a subject matter expert on key business processes and related risk exposure and control activities within the respective assigned division(s).
• The VP of Risk Management will work collaboratively within the Leadership Team to coordinate risk management reporting and internal audit requests.
• Reviews and finalizes branch audit reports and prepares final summary for review. Recommend steps to improve audit performance of underperforming branches.
• Proactively reviews potential issues in risk and provides recommendations to the organization regarding insulating the organization from risk.
• Works with Branch Management in assessing controls design, operating effectiveness, and suggesting enhanced controls and mitigation measures, as needed.
• Investigate large or repetitive loss events impacting the Division(s) to assess potential systemic weakness and ensure appropriate corrective action is taken.

QUALIFICATIONS

Education/Work Experience/Knowledge/Skills:

• Bachelor’s degree, master’s degree preferred
• Professional certifications such as CISA or CPA or equivalent are preferred.
• 10 years progressive financial services industry experience in risk management, compliance or audit required.
• Strong knowledge of Risk Management program and frameworks required. Experience in strategic and reputational risk management strongly preferred.
• Experience in developing, implementing and operationalizing risk management programs.
• Ability to plainly describe risk concepts to first line operational personnel.
• Synthesis of complex and potentially conflicting data into simple, actionable reporting.
• The VP of Risk Management will have strong written and verbal communication skills -- ability to collaborate, communicate, and influence up/down and across the organization with internal/external partners
• Strong interpersonal skills, ability to partner and consult with and influence other managers.
• Excellent written and verbal communication skills, strong analytical and problem-solving abilities, and the ability to collaborate and influence across the organization.
• Proficiency in risk management software and tools is a plus.

Benefits you will enjoy:

• Quality medical, dental and vision care coverage
• 401(k) retirement plan with up to 150% matching employer contributions
• Annual discretionary bonus
• Generous paid time off and paid holidays
• Flexible spending accounts
• Employee Referral Bonus
• Short and long-term disability coverage
• Life and AD&D insurance
• Provident membership
• Rate discount on home and auto loans
• Opportunity to use company owned condo in Maui and Lake Tahoe

Compensation:

Pay Grade is EX1. This position is eligible for our twice a year discretionary bonus.

Targeted Salary range: $184K – 244K (Depending on experience)

Provident is an Equal Opportunity Employer

We are a winner of the Bay Area News Group Top Work Place in 2018 - 2025. Check us out on Glassdoor