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Valley Strong Credit Union · 4 hours ago

Third Party Relationship & Enterprise Risk Manager

Bakersfield, CA

Full-time

Onsite

Senior Level

$127K/yr - $188K/yr

5+ years exp

Valley Strong Credit Union is a values-driven organization that focuses on helping people and communities prosper. The Enterprise Risk and Third-Party Risk Manager is responsible for overseeing the credit union’s risk management programs, ensuring effective risk identification, assessment, and reporting across various risk areas.

BankingFinancial ServicesNon Profit

Growth Opportunities

Responsibilities

Manage the enterprise risk management framework, including administration, maintenance, and periodic enhancement

Conduct enterprise-wide risk assessments and maintain the enterprise risk register

Identify emerging, cross functional, and systemic risks and document mitigation actions and risk ownership

Develop, maintain, and monitor key risk indicators and escalation thresholds

Prepare risk summaries, dashboards, and reporting for Senior Management, Supervisory Committee, and Board level review

Maintain ERM related policies, procedures, methodologies, and supporting documentation

Coordinate with business units to ensure risks are appropriately identified and assessed while maintaining second line independence

Manage the third-party risk management program including onboarding, due diligence, inherent and residual risk assessments, ongoing monitoring, and issue remediation tracking

Evaluate third parties for financial condition, operational capability, business continuity, information security posture, regulatory considerations, and concentration risk

Ensure regulatory and risk considerations including financial crime, privacy, and data protection requirements are addressed within third party relationships without assuming program ownership

Review vendor requests, renewals, and material changes to ensure required documentation is complete and risk assessments are performed

Monitor vendor performance against contractual requirements, internal standards, and risk expectations

Track, trend, and report third party risk issues, findings, and remediation status

Maintain complete, accurate, and audit ready third party files and annual reviews

Coordinate with Compliance, Information Security, Legal, Internal Audit, and business owners to support effective oversight

Ensure third party relationships align with Board approved budgets and governance requirements

Serve as the primary point of coordination for audits, examinations, and internal reviews related to enterprise risk and third-party risk oversight

Maintain workpapers, documentation, and evidence supporting independent oversight activities

Analyze data and trends to identify control gaps, risk exposures, and improvement opportunities

Track and report remediation progress related to risk and third-party findings

Independently manage assigned risk programs with minimal supervision and escalate material issues as appropriate

Identify opportunities to improve the consistency, efficiency, and effectiveness of risk management and oversight processes

Contribute to risk awareness and risk culture initiatives across the organization

Perform additional related duties as assigned to meet business, operational, or regulatory needs

Qualification

Enterprise Risk ManagementThird Party Risk ManagementRisk AssessmentsCompliance KnowledgeData AnalysisCommunication SkillsProblem SolvingLeadership

Required

4 Year / Bachelor's Degree in business, finance, accounting, risk management, or a related field

5 years of progressively responsible experience in enterprise risk management, third party risk management, internal audit, compliance, or related areas

Experience performing independent risk assessments, oversight activities, or control evaluations

Ability to read and comprehend instructions, short correspondence, and memos

Ability to write simple correspondence

Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals

Ability to compute dividends and interest

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

Ability to interpret a variety of instructions furnished in written or oral form

Must be able to process transactions in an efficient manner

Must be able to communicate policies and procedures to Members in an easily understood and professional manner

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures