VP Audit and Risk

Description

Role Responsibilities

Primarily responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk including fraud protection. Duties to include the following:

• Develop Enterprise Risk Management policies, procedures, and tools to analyze and report enterprise risks, and to manage risks according to an enterprise risk management framework; 
• Oversee the internal audit process to ensure internal controls are tested on a regular basis and are adequate to protect the credit union against fraud or other breakdowns;
• Oversee the fraud and dispute process to ensure effective fraud prevention and response according to our polices, procedures and contros.
• Oversight and management of direct and indirect reports; including full cycle management of direct/indirect reports
• Oversee the monitoring all operational risk management activities of the organization;
• Provide key contributions to applicable credit union committees for alignment of risk with organizational objectives;
• Act as liaison to external auditors, TCUD, and NCUA examiners to ensure that the credit union responds appropriately to exceptions and other recommendations;
• Provide guidance to all departments and management in assessing and mitigating risk associated with new regulations or policies and any proposed system, procedural or product changes, quality control processes, member fraud, vendor management, and other areas as appropriate;
• Collaborate with the Compliance Officer to ensure the credit union’s policies and strategies are compliant with applicable laws and regulations;
• Oversee and maintains the credit union’s insurance program to provide protection against all unmitigated risks of loss.
• Practices and brings to life with the team our “Yes And… culture;
• Comply with established regulations and law requirements;
• Perform various other HR duties as assigned.

Requirements

Required Experience

• Must have at least seven (7) years of progressive responsibilities within a financial institution; with an advanced knowledge of risk management and in the use of spreadsheets and/or analytical software tools;
• Must have experience in auditing and loan review;
• Must show demonstrated leadership skills and have a thorough understanding of a credit union financial statement;
• Must understand the formal and informal departmental goals, standards, policies and procedures which may include some familiarity of other departments within the credit union;
• Must be sensitive to the interrelationship of both people and functions within the department;
• Must keep abreast of financial conditions within the community as well as laws and regulations.

Skills, Education and/or Certifications Required

• Bachelor’s Degree in Accounting, Finance, Business or related field is required;
• CIA, CFE, and/or CPA is preferred;