AVP of Risk Management

Description

Responsible for the credit union’s risk, compliance, and loss control policies, which includes oversight of the QC Department, Collections Department, Fraud (fka Loss Prevention) Department, and BSA department. Conducts investigations and interfaces with various federal and state law enforcement agencies relating to a variety of fraud or compliance related activities. Oversees the credit union’s compliance with a multitude of laws/regulations which affect operations in providing member services.

This oversight is designed to safeguard the assets of the credit union, ensure compliance with all regulations, coordinate applicable audits, establish and maintain an effective fraud prevention program, and ensure collection practices are followed to maximize return on possible losses.

• Develops, implements, maintains, and fulfills both short term and long-range goals to meet Credit Union objectives through all applicable departments.
• Continually reviews internal processes to enhance risk mitigation and/or staff efficiencies.
• Responsible for the employment, counseling, performance coaching, training, motivation, and discipline of assigned employees.
• Actively participates as a member of Credit Union Senior Management team.
• Represents organization in manner appropriate for a senior management level.
• Responsible for interviewing, hiring and training staff; planning, assigning, and directing work, regarding and developing staff, addressing and resolving problems.
• Ensures that a professional, friendly image and service-oriented approach are being consistently exercised in all areas of responsibility, maintaining the culture of the credit union at all times.
• Ensures proper reporting to duly authorized enforcement agencies and/or bonding company as appropriate and required.
• Interacts with external independent auditors, regulatory examiners, and legal authorities as needed.

• Maintains the comprehensive Enterprise Risk Management (ERM) program. Works with executive management and department heads to identify changing risk patterns, including the development and monitoring of key risk indicators. Conducts periodic ERM meetings with the ERM committee, and reports periodically to the Board of Directors.
• Serve as the Credit Union’s subject matter expert on regulatory risk and compliance, dispense advice, guidance, direction, and authorization to designated staff to carry out major plans and procedures, personnel actions, etc.
• Maintains applicable service and product risk assessments annually.
• Maintains the credit union vendor due diligence program to ensure vendor risk is appropriately measured and credit union contracts are adequately monitored.
• Actively participates and networks with industry on Risk Management matters.
• Monitors credit union activities and new initiatives in order to provide guidance and advice from a risk-based approach to ensure the credit union is managing risk appropriately with a member experience balance. This will include project team inclusion.
• Educate applicable employees on items that may impact organizational risk levels and impact.
• Directs credit union audit activities ensuring operational risk is minimized
• Collaborate coordinated corrective activities based on audit internal audit and/or regulatory exam findings.
• Oversee document archive process.
• Ensure lien release time frames and quality are met.

• Assists in establishing policies and procedures to ensure compliance with state and federal regulations.
• Reviews the systems established to ensure compliance with those policies, plans, procedures, laws, regulations, and contracts, which could have significant impact on operations and reports, and determines whether the organization is in compliance.
• Ensures all applicable regulatorily required BSA time frames are adhered to.
• Ensures BSA reporting quality standards are met.
• Ensure Safe Harbor Financial (SHFS) is meeting all applicable BSA and other compliance related requirements.

• Oversee fraud investigations to ensure the credit union is limiting exposure and pursuing any applicable fraud mitigation tool or process.
• Investigates external…