AVP Enterprise Risk Management

Pen Fed is hiring a (Hybrid) AVP Enterprise Risk Management at our Tysons, Virginia location. Pen Fed’s Enterprise Risk Office (ERO) is hiring an experienced AVP of Enterprise Risk Management (ERM) at our Tysons, Virginia location (hybrid). The primary purpose of this role is to help lead Pen Fed’s Enterprise Risk Management (ERM) function in developing, implementing, and administering organization-wide risk management framework including enterprise risk appetite statement, policies, processes, and activities, and providing oversight over strategic, financial and other risk domains.

This position will lead efforts to track and enhance Pen Fed’s strategic, reputational, interest rate, liquidity, and credit risk, partnering with ORM on compliance and operational risks, and providing risk advisory support, key risk indicator reporting, and tone across the organization and to all levels of management. Additionally, the role will provide enterprise risk management leadership across Pen Fed and collaborate with business units and other risk functions to deliver value for the enterprise.

This individual will play a key role in performing second-line review and risk assessment of Pen Fed’s new business activities, in collaboration with business lines and other risk partners, and enhancing new activities policies and procedures. The position reports to the VP of ERM and will act in place of the VP as needed and will assist in managing other areas of responsibility related to ERM, including but not limited to Model, Market, Capital Planning, Financial Risk Management and Operational Risk Management.

The incumbent will be responsible for leading and evolving enterprise risk management in line with law, regulation, and COSO frameworks, and collaborating with business units and corporate functions to ensure seamless comprehension of and adherence to policy and procedures related to risk and control. The position will support the Enterprise Risk Management Committee proceedings and create reports and recommendations for Pen Fed Board of Directors’ consumption, as well as all regulatory requests.

Equivalent combination of education and experience is considered.

• Bachelor’s Degree in Business, or a related field, required

• Minimum of twelve (12) years’ experience in enterprise risk management, governance, compliance, or audit in the financial industry

• Minimum of five (5) years of direct management experience.

• Minimum of two (2) years of related experience in a director role.

• Professional experience with applying COSO standards for internal control and risk management.

• Ability to work well with others, challenge traditional ways of thinking, and the ability to build consensus is required.

• High degree of business acumen and experience in the financial services with focus on consumer banking is required.

• Ability to think strategically and analytically, solve problems, and manage multiple, concurrent projects is required.

• Strong self-motivation and ability to bring objectives to completion independently.

• Strong written and verbal communication skills are required, including communicating effectively and confidently at all levels, demonstrating emotional intelligence, and applying sound judgment.

• Quantitative modeling background helpful though not required.

• Ability to provide effective challenge related to management of Financial-, Capital-, and Strategic planning risk required.

• Data management and data analysis experience preferred.

• AI experience, specifically AI application for risk management modernization preferred.

Additional Skills

To perform the job successfully, an individual should demonstrate the following behaviors to perform the essential functions of this job:

• Exceptional interpersonal skills and personal humility

• High Emotional Intelligence

• Personal Integrity

• Executive Presence

• Self-Motivation

• Mission focus

• Consultative/Collaborative Approach

• Attention to Detail

• Professional Credibility

• Ability to Maintain Confidentiality

• Flexibility/Adaptability

• Organizational Skills

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

There are no…