PenFed Credit Union · 1 day ago
AVP Enterprise Risk Management
McLean, VA
Full-time
Hybrid
Senior Level, Lead/Staff
12+ years expPenFed Credit Union is hiring an experienced AVP of Enterprise Risk Management to lead their Enterprise Risk Management function. The role focuses on developing and implementing an organization-wide risk management framework while collaborating with various business units to enhance risk management practices.
BankingCreditFinanceFinancial ServicesLending
Responsibilities
Collaborate with Internal Audit, Operational Risk Management, Enterprise Business Resiliency, Third Party Risk Management, Accounting, Finance, and other departments supporting risk management and monitoring activities
Work across first and second lines of defense as a consultative partner and owner of the ERM framework to deliver meaningful value for the Enterprise
Lead annual enterprise risk appetite statement updates and leverage and tailor best practice risk management and governance frameworks to align with PenFed objectives
Lead risk management framework and service improvement initiatives and drive continuous improvement and process maturity for Enterprise Risk Management
Perform risk management activities, e.g., risk identification, assessment, analysis, and monitoring
Develop and own the PenFed risk register for current and emerging risks as well as new business activities
Support division-level reporting of management metrics; work collaboratively with business unit leaders to identify key risks, assess severity of risks, aggregate and prioritize risks, obtain management support for appropriate risk treatment strategies to include effective controls
Develop, analyze, and monitor enterprise risk controls, key control metrics, risk tolerance limits, and escalation thresholds
Gather data, perform analyses, and develop risk reports and dashboards that provide decision-making support for senior management and Board of Directors
Develop and assist in delivering ERM training and workforce communication with regards to Enterprise Risk Management topics
Analyze emerging risks and trends that may affect PenFed and present treatment strategies to the VP, Enterprise ORM
Evaluate new methodologies, standards, and practices to manage risks in both upside and downside scenarios, adding value relative to the achievement of strategic business objectives
Assist the VP, ERM with integrated, enterprise-wide activities, including the corporate risk assessment, department risk assessments, the Enterprise Risk Management Committee, Communication with the Board and Executive Team, strategic planning, financial planning, capital planning, and business performance management
Present to senior leadership recommendations for improving existing capabilities and practices, as appropriate
Draft policies; process, standards, and framework documents; and operational support guidelines and reference materials
Partner across all lines of defense to develop a risk culture to help achieve PenFed's goals and objectives
Oversee, provide guidance, and report on significant legislative and regulatory developments that may affect PenFed's risk management framework and environment
Recruit and develop talents and build a high-performing team to effectively engage with internal and external stakeholders
Qualification
Required
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
Ability to provide effective challenge related to management of Financial-, Capital-, and Strategic planning risk required
Preferred
Quantitative modeling background helpful though not required
Data management and data analysis experience preferred
AI experience, specifically AI application for risk management modernization preferred
Benefits
Comprehensive health, dental, and vision plans
Paid time off
Paid parental leave
Care support
Fitness center access
401(k) match
Employee loan discounts
Fully paid life and disability coverage
Education assistance
Community involvement
Volunteer opportunities
Company
PenFed Credit Union
PenFed Credit Union offers banking services, loans, mortgages, and credit cards to individuals and small businesses.
1001-5000 employees
H1B Sponsorship
PenFed Credit Union has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (19)
2024 (20)
2023 (10)
2022 (21)
2021 (12)
2020 (11)
Funding
Current Stage
Late StageTotal Funding
$845.89M2025-09-22Debt Financing· $398.49M
2024-08-29Debt Financing· $447.4M
Leadership Team
Sarah Heintzman
Executive Vice President, CFO
Andrea McCarren
Senior Vice President & Chief Content Officer, PenFed Digital
Recent News
The Virginian-Pilot
2025-11-05
Company data provided by crunchbase