VP of Risk Management

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Job Type

Full-time

Description

Come Join Heritage Financial Credit Union as Vice President of Risk Management

Are you an experienced risk management leader passionate about driving growth while safeguarding the future in the banking/credit union space?

We're looking for a strategic visionary to take the lead as the Vice President of Risk Management and lead the Credit Union's Enterprise Risk Management program. In this pivotal role, you'll play an essential part in shaping a comprehensive risk framework that not only protects our financial health, reputation, and regulatory standing but also fuels our mission to empower members and foster growth.

Here's a little about us:

Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams. Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive.

We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.

Our Core Values:

Experience:

Go Above Expectations;
Create Positive Moments;
Personally Acknowledge Service:
Deliver As One Team;
Stay A Step Ahead;
Guide With Product Expertise Integrity:
Do What's Right;
Speak the Truth;
Own Our Actions People:
Grow Together;
Respect Every Voice;
Build Trusting Relationships;
Strengthen Culture & Community

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POSITION PURPOSE

The Vice President of Risk Management is responsible for leading the Credit Union's Enterprise Risk Management program and ensuring a comprehensive, forward looking risk framework that protects the organizations financial strength, reputation and regulatory standing. This role provides strategic leadership of operational, regulatory, vendor, liquidity, and strategic risks, ensuring alignment with the Credit Union's growth objectives and member focused mission.

The VP of Risk Management guides policy and procedure changes, strengthens internal controls, supports training and risk awareness initiatives, helps streamline processes, mentors staff, and promotes a strong proactive risk culture throughout the Credit Union. This position is a member of the Senior Management team and advises of emerging risk and consults/guides the Credit Union in the establishment of controls to mitigate identified risks.

This position reports to the CFO and serves as a strategic advisor to Executive Management. This position provides oversight of our Risk, Compliance, Vendor Management, and Legal functions. This role will also partner with key leaders on Business Continuity, Cybersecurity and Data Governance initiatives.

Requirements

ESSENTIAL FUNCTIONS AND BASIC DUTIES

Enterprise Risk Management

* Lead the development, implementation, and continuous enhancement of the Credit Union's Enterprise Risk Management framework, including operational, regulatory, vendor, physical security, and strategic risk components.

* Establish and maintain risk assessment methodologies that identify, evaluate, and monitor enterprise-wide risk exposures.

* Develop tools, processes, and reporting mechanisms that allow leadership to measure, monitor, and communicate risk across the organization.

* Ensure alignment of risk management practices with regulatory expectations and industry best practices.

* Ensure enterprise risk management practices support the Credit Union's ability to deliver consistent, secure, and high-quality services to members while maintaining operational resiliency and protecting member assets.

* Support the Credit Union's ability to responsibly innovate, expand services, and deepen community relationships while maintaining a safe and sound operating environment.

Risk Identification, Monitoring & Reporting

* Partner with business leaders to identify, assess, aggregate, and document risks and controls across operational areas, including new or modified products, services, delivery channels, regulatory requirements, and third-party relationships.

* Evaluate operational and strategic risks associated with new products, services, delivery channels, and partnerships to ensure they are introduced responsibly and continue to deliver value to members and the communities the Credit Union serves.

* Monitor key risk indicators and performance metrics to identify emerging trends or potential areas of exposure.

* Communicate risk assessment results and recommendations to executive leadership, governance committees, and…