Responsibilities Include:

Assist in developing, implementing, and maintaining the credit unions’ risk framework, programs policies and procedures including but not limited to, the Enterprise and Financial Risk Program Assessments, Model and Insurance Management, Project Risk Assessment support and Third-Party Financial Risk Assessment support. 

Assist Financial Risk Manager in the identification and evaluation of various financial risks faced by the organization, such as market risk, credit risk, liquidity risk, model risk, and regulatory and controls across the credit union and CUSO’s.

Continuously monitor and measure key risk indicators to identify emerging risks and assess the organization's overall risk exposure. Use quantitative and qualitative techniques to analyze and model potential risks, including stress testing, scenario analysis, and simulations for key risks tied to financial transactions, cashflow, assets and liability management and investments.

Recommend and implement risk mitigation strategies, such as hedging, diversification, insurance, and contingency planning. Work closely with various stakeholders, including senior management, business units, and external parties, to communicate and address risk-related issues.

Provide support for development and management of key risk systems and tools such as MetricStream (GRC), SRA Watchtower, Incident, Issues, and Losses (Reportable Events), Model, Insurance, Policy, and Procedure Management. Updates, analyzes, and manages the risk and control library, taxonomies, and mappings for the Financial Risk programs in the Credit Union’s GRC system.

Prepare reports for senior management and Enterprise Risk Management Committee, highlighting key risk exposures, trends, and mitigation actions.

Assist in the preparation of the monthly, quarterly, annual, and ad hoc Financial Risk reports and presentations for the Chief Risk Officer, Vice President of Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Asset Liability Management Committee and Board.

Stay updated with applicable regulations and ensure the organization's risk management practices align with regulatory requirements. Continuously monitor industry developments, best practices, and emerging risk management techniques to enhance the organization's risk management capabilities.