Support the VP of ERM in the execution and delivery of the ERM policy and procedures. This includes, but is not limited to, conducting risk identification, risk assessment, risk monitoring and risk reporting functions. Work with departments in performing the assessment and review of risks and controls. Monitor risk indicators, create risk reports, and provide reporting that will be presented to the Risk Management Committee (RMC).
Responsible for providing reporting and analysis to the VP of ERM on heightened risk (e.g., potential risk gaps and control issues) breaches and potential breaches to set thresholds (e.g., limits), coupled with risk taking not being aligned with the organization’s risk appetite, mission and/or core values.
Perform independent oversight and analysis of lending and collateral value risk for real estate and consumer lending. This may include the review of a sample of mortgage and consumer loan files to ensure compliance with internal guidelines, secondary market and regulatory requirements.
• Maintains the risk inventory and fraud risk assessment and facilitates the annual Departmental Risk Control Self Assessments (RCSA) process as applicable.
• Performs reviews and quality control to assess reasonableness of the RCSA data and its adherence to the guidelines outlined in the ERM Policy and Procedures.
• Provides and supports the independent assessment of risk through analysis and the reporting of risk aggregation and top risk results. Analysis may include conducting ongoing portfolio analysis to identify concentration of credit risk by loan type, by member type, by country and by UN agency in order to effectively monitor exposure and recommend changes to loan policy as needed.
• Monitors internal and external information and reports on risk indicators performance such as breaches in limits.
• Provides administrative and support for the Risk Management Committee (RMC) and assist as applicable in the process of creating reporting packages.
• Identifies areas of improvement in the development of risk reporting and works with relevant stakeholders to determine suitable solutions.
• Assist and support in the management of the UNFCU’s Insurance Risk Management Program.
• Supports VP of ERM in responding to Internal Audit and Regulatory requests.
• Maintains good relationships with departments enterprise-wide for effective risk oversight.
• Rapid response to Senior Management requests for ad hoc analysis and reporting.
• Assist in the analysis and production of the Quality Control Analysis reports of mortgages and consumer loans. This entails identifying and recommending enhancements to lending policy and procedures to reduce errors and mitigate risk.
• Prepare presentations as applicable for Senior Management related to credit risk analysis and loan portfolio reviews as required.
• Aid and support in providing ERM Training enterprise wide when applicable.
• Stays well informed of industry updates, new regulations, and best practices relating to risk management to ensure that the ERM policy and procedures are effective and that they meet regulatory expectations.
TYPE & AMOUNT OF EXPERIENCE:
• Bachelor’s degree in Accounting, Finance, Business Administration or related fields pertaining to analysis, research, and risk management
• Masters of Business Administration (MBA) preferred
• Enterprise Risk Management and/or risk governance experience preferred
• Familiarity with concepts such as Risk Appetite Statement, Key Risk Indicators, Risk Aggregation and Risk and Control Self Assessments (RCSA) is highly desirable
• Experience with Three (3) Lines of Defense Risk model is preferred
• Project management experience
• Proficiency with Microsoft Office and analysis tools
• Knowledge of banking and various risk disciplines including, but not limited to; credit, market risks, operational risk, compliance risk, and regulatory risk
• Knowledge of industry, market, economic and regulatory developments as they relate to the overall impact to the organization
• Knowledge of mortgage/consumer lending regulations and secondary market requirements and terminology
• Excellent verbal, written and interpersonal communication skills, facilitation and consensus-building skills and a high degree of personal initiative and attention to detail
• Conceptual and practical thinking and implementation skills
• Demonstrated relationship-building skills, with a superior ability to make things happen through the use of positive influence
• Ability to develop and maintain strong working relationships with all levels of management
• Ability to handle multiple tasks simultaneously and meet established deadlines
• Strong analytical, problem solving and negotiation skills
• Professional appearance and a willingness to work flexible hours
• Standard office conditions
In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.