SVP Enterprise Risk Office

Pen Fed is hiring a (Hybrid) SVP Enterprise Risk Office at our Tysons, Virginia location. The primary purpose of this job is to lead Pen Fed Credit Union’s Enterprise risk culture and functions, including Market Risk Team (Interest Rate and Liquidity Risk challenge);
Model Risk Management; and Enterprise Risk Management and Internal Controls. The position is responsible for the development, implementation, and administration of Enterprise Risk Management function policies, processes, and activities. The role monitors and reports on Pen Fed’s strategic, financial, and operational risks via management and Board committee structures.

Equivalent combination of education and experience is considered.

• Bachelor’s Degree in Business or a related field with sufficient experience is required.
• Twenty (20) years of management experience, with five (5) years serving in a VP or SVP role in the financial industry with direct management experience
• Minimum of 5 years leading a risk function in a regulated financial institution +$15B in assets
• Familiarity with and implementation of common financial risk frameworks; experience working in a 3
  
  LOD risk environment
• Multi‑year experience with model risk management at first or second line level
• Familiarity with regulatory requirements for Credit Union risk management
• Experience with Archer preferred; experience with other risk and control tracking and management software welcome
• Direct management of cross‑functional, sourced, or matrixed teams.
• Experience working with Financial Industry regulators
• Experience working with Board/s
• Strong verbal and written communication skills with the ability to articulate complex technical ideas in easy to understand business terms.

• Ability to accomplish results through others, particularly by establishing relationships and functioning controls; ability to provide leadership without ownership

• Experience in using A.I. tools preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

FRM (GARP); PRM (PRMIA); CRMP (RIMS) or other equivalent is highly desirable.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

* Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on‑call may is required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all‑inclusive list of job duties and the position will perform other duties as assigned.

• Model, evangelize and educate regarding appropriate Risk culture across the Enterprise
• At all times provide informed expert independent challenge of risks related to Pen Fed strategies, performance and decision‑making
• Work with cross‑functional business leaders to regularly identify key risks across all risk categories; assess risks based on impact and likelihood; quantify, aggregate, and prioritize risks; validate or challenge appropriate treatment strategies; and monitor/report on residual risk
• Ensure all policies, processes, procedures, tools, and information systems within the Risk Office are current, accurate, and performing as intended
• Adjust or create new policy, procedure and limit documentation as required by the Enterprise to ensure its continued safety and soundness
• Work in partnership with all 3
  
  LOD to ensure seamless Issues Management resolution and tracking
• Maintain risk measurement capabilities across the enterprise, and formulate strategic action plans to help minimize, manage, and mitigate primary risks and then monitor the progress of these efforts
• Develop, analyze, monitor and communicate risk analysis regarding corporate metrics, including key risk indicators (KRIs), key performance indicators (KPIs), and risk tolerance limits and performance
• Maintain Enterprise‑wide Risk and Controls Self‑Assessment program and inventories, developing as appropriate risk analysis reporting for stakeholders including employees, executives, Board of Directors and regulators.

• Ensure that risk management priorities…