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VP of Risk Management

Company: Heritage Financial Credit Union
Location: Middletown
Posted on: February 25, 2021

Job Description:

Career Opportunities with Heritage Financial Credit Union Position Title: VP of Risk Management Department: Risk Management Classification: Exempt Approved By: Executive Vice President REPORTING RELATIONSHIPS Position Reports To: Executive Vice President Positions Supervised: Director of BSA/Compliance, Security/Facilities Manager, Director of Loan Servicing POSITION PURPOSE The VP of Risk Management is responsible for the advising and the reducing of risk to the Credit Union's members, employees and assets through hazard/threat risk assessment, monitoring, control identification, mitigation, and measurement, as well as developing, implementing, and governing all segments of the Risk Management Program, including physical, technical, personnel, procedural, operational, security, and cyber security. This position is a member of the Senior Management team and advises of emerging risk, security, and safety issues and consults/guides the Credit Union in the establishment of controls to mitigate identified risk. This position reports to the EVP and works with Executive Management, Senior Management and departmental leaders, recommending policy and procedural changes, creating plans for reducing or eliminating premises liability issues, site analysis and threat assessment, recommend security and safety training as needed, design security standards for operations and other strategic processes, and support/provide guidance to all Credit Union personnel. This position oversees the Risk, Compliance, Security, Facilities, Vendor Management, Disaster Recovery/Business Continuity Plan, Legal, and Loan Servicing areas of the Credit Union and must also ensure established programs are proactive in efforts to mitigate risks relating to security/cybersecurity threats, regulatory trends and business operations. The VP of Risk Management is also the Board designated Information Security Officer and chair of the Cybersecurity Committee. ESSENTIAL FUNCTIONS AND BASIC DUTIES

  • Develop, implement, and maintain all segments of the institution's Risk Management Program, including Physical, Compliance Management, Vendor Management, Operational Risk, and Information/Cybersecurity Security Programs.
  • Partners with key stakeholders in the business to identify, assess, aggregate and document risks and controls, including risks associated with new or modified products, services, distribution channels, regulations and third party operations.
  • Communicates results of assessments to governance committees, management, and business process owners.
  • Conducts on site surveys, as needed, to determine the need for additional security services/devices; analyzes needs and makes recommendations.
  • Contributes to the implementation of new policies, practices, appetites and solutions to ensure holistic understanding and management of risks according to industry best practices.
  • Enhances strategies, tools, and methodologies to measure, monitor, and report risks.
  • Supports the formulation of stress test plans for a line of business or the enterprise including the evaluation of results, and framing of contingency plans in partnership with key business stakeholders.
  • Identifies training opportunities; may design/coordinate the development of training materials and may deliver trainings, as needed.
  • Ability to build consultative relationships with Executive/Senior Management, becoming a trusted partner for thinking strategically about the risk management organization and within the border of context of the overall Credit Union strategy.
  • Recommends policy and procedural changes to identify and prevent further risks for all of the institution's locations, plans for reducing or eliminating premises liability issues, site analysis and threat assessment documentation.
  • Provides trusted risk consulting to all levels of management.
  • Provides guidance and assistance to business units with the identification, evaluation, understanding, management, and communication of significant business risks.
  • Reviews key performance indicators/metrics and assists management in the early identification of risk trends.
  • Builds strong alliances inside and outside work units to positively influence identification and resolution of significant risks/opportunities.
  • Provides risk direction and support for major initiatives as appropriate, including M&A activities, related integrations, vendor management projects, and large system/process improvements. Support may include due diligence work, assessment of project management, and consulting management on key concerns or exposure.
  • Facilitates Cybersecurity Committee meetings and oversees Information/Cybersecurity Program.
  • Acts as a liaison between regulators and the Credit Union.
  • Performs additional duties as assigned. PERFORMANCE MEASUREMENTS Performance is measured against the goals and core competencies as outlined by the position established by the supervisor. QUALIFICATIONS Education/Certification:
    • 4 year college degree preferred plus five to ten years of experience in bank compliance, security, AML/BSA/Fraud, and cybersecurity or a comparable combination of education and experience.
    • Must have a Certified Fraud Examiner (CFE) credential (or obtained within 12 months)
    • Must have an Association of Certified Anti Money Laundering Specialist (ACAMS) certification (or obtained within 12 months)
    • Must have a Certified Information Security Manager (CISM) (or obtained within 12 months) Required Knowledge:
      • Strong knowledge of risk management, AML/BSA/Fraud, operations, internal control standards, and security/ information- cybersecurity standards required.
      • This position requires that the employee have a working knowledge of Bank Secrecy Act (BSA) requirements. The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
      • This position requires that the employee have a working knowledge of NY DFS 23 NYCRR 500 Cybersecurity requirements. The employee will comply with all requirements of NYCRR 500 and cooperate with the CIO/ IT Department in assuring compliance. Experience Required:
        • Excellent communication/influence skills to clearly communicate complex information both written and verbally are required, including reports; presentations; group facilitation skills; ability to develop strong professional relationships and networking internally/externally.
        • Experience supervising others. Skills/Abilities:
          • Ability to p roject a professional appearance and positive attitude at all times. Our Mission: We are more than a bank. We believe in our members and employees - in their stories, both past and yet to be written. We are the combined heritage of generations who care about and support each other to provide lasting contributions in our communities. We are committed to creating opportunities for people by providing necessary tools, resources and education to make possible the achievement of their goals, hopes and dreams. Employment at our Credit Union is based upon merit, ability, and qualifications. The Credit Union will provide equal employment opportunity without regard to race, color, creed, religion, sex, pregnancy, age, national origin, citizenship, disability, military or veteran status, genetic information, predisposition or carrier status, marital, familial, or domestic violence victim status, gender identity or expression, sexual orientation, or any other status protected by federal, state, local or other law.

Keywords: Heritage Financial Credit Union, Middletown , VP of Risk Management, Executive , Middletown, Connecticut

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