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Provident Credit Union · 1 week ago

VP of Risk Management

Redwood City, CA

Full-time

Onsite

Senior Level, Lead/Staff

$184K/yr - $244K/yr

10+ years exp

Provident Credit Union is a highly regarded financial institution established in 1950, known for its supportive and inclusive culture. The Vice President of Risk Management will oversee compliance and risk management programs, ensuring adherence to regulations and managing risks to the Credit Union's operations and reputation.

BankingFinanceFinancial ServicesNon Profit

Growth Opportunities

Hiring Manager

Riz Baldovino

Responsibilities

Develop, implement, and maintain the Credit Union's compliance program to ensure adherence to all applicable laws, regulations, and internal policies. Monitor and report on compliance risks and issues. Oversee and/or conduct gap analyses and monitor progress toward implementation

Maintains up to date information on current and pending legal and compliance issues regarding Credit Union activities

Identify, assess, and analyze various risks across the Credit Union's operations, including financial, operational, compliance, and reputational risks

Design and lead initiatives to continue to mature the ERM program. This includes providing thought leadership and hands on support during the design and implementation of new ERM processes and the maturation of existing ERM processes

Stay abreast of regulatory changes and ensure that the Credit Union's ERM framework complies with all applicable laws and regulations

Partner with the business and functional areas to identify potential risks and collaborate effectively to achieve ERM program and organizational objectives

Work with Leadership Team to develop and update actionable risk management dashboards for the organization to include key risk indicators

Oversee the review of day-to-day transaction reports and ensure transactions are performed within regulatory guidelines and in-house policies

Prepare written audit reports that are accurate, objective, clear, concise, constructive and timely for the purpose of expressing an opinion on the adequacy of internal controls and making recommendations for improvements to existing systems or functions. Conducts exit interviews with appropriate management to discuss content of the reports

Serves as primary point of contact with auditors during risk specific compliance audits. Writes and submits for approval any correction steps or responses post audit

Coordinate and conduct all key risk activities across departments to ensure material/key risks are identified, escalated, managed and remediated timely

Act as a subject matter expert on key business processes and related risk exposure and control activities within the respective assigned division(s)

Work collaboratively within the Leadership Team to coordinate risk management reporting and internal audit requests

Reviews and finalizes branch audit reports and prepares final summary for review. Recommend steps to improve audit performance of underperforming branches

Proactively reviews potential issues in risk and provides recommendations to the organization regarding insulating the organization from risk

Works with Branch Management in assessing controls design, operating effectiveness, and suggesting enhanced controls and mitigation measures, as needed

Investigate large or repetitive loss events impacting the Division(s) to assess potential systemic weakness and ensure appropriate corrective action is taken

Qualification

Risk ManagementCompliance Program DevelopmentFinancial Services ExperienceProfessional CertificationsRisk Management FrameworksAnalytical SkillsCommunication SkillsInterpersonal Skills

Required

Bachelor's degree, master's degree preferred

10+ years progressive financial services industry experience in risk management, compliance or audit required

Strong knowledge of Risk Management program and frameworks required

Experience in developing, implementing and operationalizing risk management programs

Ability to plainly describe risk concepts to first line operational personnel

Synthesis of complex and potentially conflicting data into simple, actionable reporting

Strong written and verbal communication skills -- ability to collaborate, communicate, and influence up/down and across the organization with internal/external partners

Strong interpersonal skills, ability to partner and consult with and influence other managers

Excellent written and verbal communication skills, strong analytical and problem-solving abilities, and the ability to collaborate and influence across the organization