VP Risk Management

VP Risk Management

Join to apply for the VP Risk Management role at Apple Federal Credit Union.

Why Join Apple

At Apple Federal Credit Union, we’re more than a financial institution; we’re a community‑focused organization powered by passionate people. With 24 branches across Northern Virginia and a proud legacy of service, we’re committed to improving the lives of our members and the communities we serve. We believe our employees are our greatest asset and foster a supportive workplace culture that values inclusiveness, innovation, and growth.

Benefits

• Recognized as a USA Top Workplace and Top Workplace by The Washington Post

• Collaborative, welcoming environment with forward‑thinking leadership

• Competitive, comprehensive benefits package, including:
- Medical, dental and vision coverage
- 401(k) with employer match
- Paid time off and 11 paid federal holidays
- Paid volunteer time to give back
- Tuition reimbursement and ongoing training opportunities
- Annual TEAM Bonus plan

Role

Directs the development, implementation, and maintenance of the internal and external Risk Management Program. Directs the activities of the Bank Secrecy Act / Anti‑Money Laundering, Compliance and Fraud Departments. While implementing or recommending action to ensure compliance and minimize risk, the VP of Risk Management should be conscious of streamlining efforts, cost effectiveness, safety and soundness, and proper maintenance of the internal control structure.

Performs duties and responsibilities in accordance with The Apple Way principles of Team Up, Serve with Purpose, Challenge Yourself and Own It. Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act. Performs other job duties as assigned by the Chief Financial Officer.

Essential Functions & Responsibilities

• Oversees the team responsible for ensuring the credit union’s compliance with the Bank Secrecy Act and anti‑money laundering rules and regulations. Ensures that regulatory‑required reports on suspicious activity and excessive currency are filed on a timely basis. Prepares monthly reports regarding BSA/AML activity for the Chief Financial Officer and prepares annually required learning for all staff and Board of Directors on compliance with the Bank Secrecy Act.

Ensures BSA and Member Identification Policies are updated and approved by the Board annually. Conducts annual BSA risk assessment.

• Manages Fraud Operations Team and ensures that loss mitigation strategies effectively address internal and external losses to the credit union. Evaluates, manages, and deploys technology intended to combat fraud losses. Provides monthly updates to the Chief Financial Officer about fraud reduction strategies and reports annual assessment of fraud‑related losses and strategies to the Board of Directors. Liaises with business unit owners on fraud mitigation techniques.

• Oversees regulatory compliance efforts of credit union and ensures Executive Leadership Team is informed of legislation, regulations and trends affecting federal credit unions. Reports as appropriate regulatory matters, concerns and/or the overall compliance condition of applicable divisions, departments, operations, or functions within the credit union to the Board of Directors or Executive Leadership Team. Conducts annual reviews with business unit owners intended to ensure compliance with existing and forthcoming regulation.

• Serves as the primary liaison between the credit union and external legal counsel. Coordinates communication with attorneys on matters related to risk management, compliance, contracts, litigation, and regulatory issues. Ensures timely and accurate information exchange, facilitates legal review of policies and agreements, and provides updates to the Chief Financial Officer and Executive Leadership Team on legal matters impacting the credit union.

• Conducts risk assessments of new products and services and ensures legal review of proposed terms and conditions or contractual obligation prior to product/service implementation.

• Co‑chairs Incident Response and BCP Emergency Teams, attends Operations Leadership Team…