VP Financial and Strategic Risk Management

Senior second-line risk leader responsible for overseeing financial and strategic risks, providing independent challenge and enterprise-wide insights across key risk disciplines. Leverages deep experience within a $10B bank or credit union environment to align risk oversight with business objectives, regulatory expectations, and risk appetite, while translating complex risk exposures into actionable insights for executive leadership and the Board.

This position is hybrid.

NYC Salary Range: $200,000 - $225,000 annually: compensation is commensurate to geographic location.

Enterprise Risk Leadership
* Regardless of seniority or role, uphold UNFCU’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors.
* Lead financial and strategic risk management frameworks, partner with the CRO to advance ERM strategy, and provide independent risk insights that support executive decision-making.

Financial Risk Oversight
* Provide second-line oversight of key financial risks, including capital, liquidity, interest rate, credit, and funding risks, while overseeing KRIs and risk metrics to ensure alignment with risk appetite, consistent reporting, and timely escalation of threshold breaches.
* Monitor macroeconomic trends and assess the interdependencies of financial, strategic, and operational risks to evaluate their impact on the enterprise risk profile.
* Oversee the Insurance Risk Management Program, ensuring coverage strategies, limits, and carrier relationships align with the credit union’s risk profile and capital protection objectives.

Enterprise Stress Testing & Scenario Analysis
* Provide second-line oversight of enterprise stress testing and scenario analysis, including scenario design, severity calibration, and key assumptions.
* Review stress testing results to assess impacts on capital, liquidity, earnings, and strategic resilience, ensuring outputs inform risk appetite monitoring, contingency planning, and strategic decision-making.

Strategic Risk Oversight
* Oversee and independently challenge strategic risks arising from business initiatives, growth plans, funding strategies, external dependencies, and changing market conditions, ensuring risks are identified early and incorporated into decision-making.
* Evaluate the risk implications of strategic initiatives, including new products, market changes, and balance sheet growth, ensuring strategic risks are incorporated into enterprise risk assessments, dashboards, and Board reporting.

Risk Appetite and Threshold Governance
* Support the CRO in the design, enhancement, and implementation of the financial and strategic risk appetite framework.
* Ensure risk appetite statements are supported by clearly defined KRIs, limits, measurable thresholds, and escalation protocols, while independently challenging first-line activities to confirm alignment between risk appetite and actual risk-taking.

Board and Executive Reporting
* Prepare and deliver strategic and financial risk reporting to senior leadership and the Board, integrating key risk insights into enterprise-wide reporting, dashboards, and risk aggregation activities.
* Establish and maintain effective risk governance, policies, and procedures, while co-leading the Risk Management Committee and facilitating cross-functional risk discussions.

Regulatory & Examiner Engagement
* Serve as a senior subject matter expert during regulatory examinations and audits related to financial and strategic risk management, supporting examiner inquiries on risk measurement, monitoring, stress testing, and risk appetite governance.
* Monitor evolving regulatory guidance impacting financial and strategic risk practices and perform additional responsibilities as assigned.
* Ensure compliance with federal and state laws and regulations and UNFCU’s Code of Ethics & Business Conduct.

* Bachelor’s degree in Finance, Economics, Risk Management, Information Systems, or a related field (advanced degree preferred) and 10 years of risk management experience within a $10B bank or credit union.
* Demonstrated second-line oversight experience in financial risk metrics, KRIs, thresholds, stress testing, scenario analysis, and strategic/enterprise risk assessments, with a strong understanding of regulatory expectations for large, complex financial institutions.

* Proven ability to communicate complex risk information to senior executives and Boards; professional certifications such as FRM or CFA are a plus.

* Advanced MS Office skills, particularly in Excel, with strong knowledge of enterprise risk management frameworks and regulatory environments.