Visions Federal Credit Union · 2 months ago
Risk Mitigation Manager-NY, NJ, or PA
Saddle Brook, New Jersey, United States
Full-time
Onsite
Mid, Senior Level
$95K/yr - $125K/yr
3+ years expVisions Federal Credit Union is dedicated to helping people improve their financial wellness, and they are seeking a Risk Mitigation Manager. This role involves managing operations and strategic management of BSA, Fraud, and Mitigation functions while leading a team to execute compliance programs and maintain relationships with regulatory agencies.
Financial Services
No H1B
Responsibilities
Manage the operations and strategic management of the BSA, Fraud and Mitigation functions
Lead the Risk Mitigation team in executing BSA/AML/OFAC and Fraud prevention programs and reporting
Develop and maintain strong relationships with regulatory agencies, auditors, and other external stakeholders for each area managed
Develop personalized growth and succession plans for team members
Maintain professional knowledge through conference/workshop attendance and publication
Build and maintain effective partnerships with first line of defense managers to successfully influence business outcomes and manage conflict in support of strategic objectives
Serve as the assistant BSA/AML/OFAC Compliance Officer and point of contact for FinCEN
Oversee compliance policies and programs, quality control reviews, and monitoring for BSA, USA PATRIOT Act, AML, OFAC, and Customer Identification Program
Advise personnel on emerging compliance issues and establish controls to mitigate risks
Administer monitoring systems to identify suspicious/fraudulent activity
Conduct risk assessments and ensure timely regulatory reporting (CTRs, SARs, FinCEN 314(a)/(b))
Prepare policy updates and monthly reports for the Fraud, Compliance and ERM Committees
Facilitate the development of compliance training designed for the enterprise at job specific levels
Maintain and enhance enterprise fraud risk management program inclusive of supporting policies, procedures, reporting, and governance
Evaluate and spearhead implementation of enterprise or multi-channel cost beneficial solutions to minimize fraud loss to the credit union
Liaise with law enforcement and prepare monthly reports on fraud trends, losses, and recoveries
Serve as a subject matter expert and partner with other departments on complex cases
Represent the credit union in hearings and trials related to fraud
Manage ongoing risk assessments across the enterprise to identify inherent and residual risks, emerging trends, vulnerabilities, and potential impacts on the credit union
Manage the reporting of key performance indicators and metrics to monitor the effectiveness of Risk Mitigation, prevention strategies, and initiatives
Drive continuous improvement initiatives to enhance the efficiency and effectiveness of Risk Mitigation prevention processes and systems
Stay knowledgeable in all relevant compliance areas and recommend updates
Adapt to changes, manage competing demands, and foster a supportive work environment
Perform other job-related duties as assigned
Respond effectively to changing ideas, responsibilities, expectations, trends, strategies, and other processes
Demonstrate a commitment to diversity, equity, inclusion, and belonging through continuous development, modeling inclusive behaviors, and proactively managing bias
Perform other duties needed to help fulfil our mission, drive our strategy, and support our organization’s values
Qualification
Required
Bachelor's degree with 3-5 years of related Risk Management experience; 4-8 years of Risk Management experience may be considered in lieu of degree
ACAMS/BSA Certification and 3+ years related experience in anti-money laundering function
Previous supervisory experience as team leader, coordinator, assistant manager, or manager
Extensive knowledge of fraud and risk mitigation techniques, policy and procedure, knowledge in all financial areas, and customer service
Proficient with automated FRAML programs, mitigation programs
Proficient with standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines, PCs, etc
Visions remains committed to the aspects of diversity and inclusion and will consider alternative education and experience
Preferred
5+ years of Risk Management experience
Benefits
Pension Plan, 401k Plan with company match
Excellent health benefits
Flexible Paid Time Off (PTO), Volunteer Time Off (VTO), and Wellness Time Off (WTO)
10+ paid holidays per year
Lifestyle Spending Account stipend for wellness, caregiving, or personal expenses such student loans and tuition reimbursement
Employee recognition program
Company
Visions Federal Credit Union
Visions Federal Credit Union strives to build relationships that accommodate every stage of life.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Thomas Novak
SVP/Chief Deposit & Payments Officer
Recent News
Central New York Business Journal
2025-08-22
Central New York Business Journal
2025-03-07
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