Vice President, Risk Management

Vice President, Risk Management – oversees all risk & regulatory functions for Sunward, focusing on Enterprise Risk Management (ERM), vendor management, business continuity, insurance, and regulatory compliance. Provides risk support to business units, creates internal reporting, and advises executive leadership.

• Liaise with HR and OD to recruit, onboard, develop, and retain high-quality staff.
• Oversee the daily workflow of the department.
• Provide constructive and timely one-on-ones and performance evaluations.
• Effectively coach, mentor, motivate, and manage the staff to ensure delivery of communications to employees in a timely and accurate manner while maintaining the Credit Union’s high standard of quality.
• Ensure that the department fosters a productive, rewarding work environment that provides for the development of employees; meets all established goals and metrics; and operates within the Credit Union’s core values.

• Develop and oversee a comprehensive ERM program for the Credit Union within the Board and management’s risk appetite and strategic direction, and in compliance with all regulatory requirements.
• Facilitate continued build-out of COSO ERM Framework (e.g., Risk Library), including integration of Strategic, Operations, Reporting and Compliance risk across the 8 components.
• Coordinate efforts with the Director of Portfolio Analytics in Credit Administration, thus requiring an understanding of credit risk and portfolio concentration principles.
• Duties will include working closely with Vendor Management, Legal and Compliance to ensure legal related activities are carried out appropriately by outside counsel.
• Instrumental in supporting Risk Offices (RO) teams (i.e., Enterprise Risk, Credit Administration, Security & Fraud and Legal & Compliance) to develop and report KRMs and KPIs, as well as other Business Units in the development of KRMs.
• Supports the Chief Risk Officer in maturing the Risk Oversight Committee and delivering presentations to the Board, including Board Governance Committee.
• Instrumental in execution of Risk Office Business Plans and related Strategic initiatives, including integration of risk management to business processes.
• Key in internal reporting of Risk Office (RO) activities, and consolidation of RO teams monthly activities in a management report.
• Integral in evaluating insurance coverage, including gaps, and coordination of insurance related activities with Security/Fraud and other departments.
• Staff and manage the Risk team, providing leadership and support to the staff. Lead cultural change in the department as needed to support organizational goals.
• Respond to risk requests and questions involving out of tolerance risk levels.
• Perform analyses and assemble risk documentation and data in support of strategic projects, products & services, and risk monitoring.
• Assist with projects and other risk assessments (e.g., BSA/AML, Compliance. BIA). Lead and/or provide support to various organizational and departmental project teams.
• Develop Risk Control Assessment (RCSA) program and playbook for the identification of risks, controls and calculation of residual risk for Business Units and related processes.
• Review Credit Union risk exposure and make recommendations for enhancements.
• Ensure adherence to COSO ERM Frameworks that affects the Credit Union through risk reviews, other oversight activities and consultation with management as necessary.
• Proactively track and identify risk issues and remediation plans to allow adequate time to implement necessary changes to policies and procedures.
• Facilitate regulatory (e.g., NCUA) and insurance examinations and coordinate management responses and follow-up, as requested.
• Maintain awareness and inform Credit Union management of changes in federal/state legal requirements and NCUA regulations. Recommend updates to risk policies and procedures in response to risk developments.
• Address risk concerns as applicable and identify solutions. Provide response and/or guidance to business units, vendors, etc.
• Promote the service and sales culture by maintaining basic knowledge of products and services and…