Risk Management - VP - Enterprise Risk Officer

TITLE: VP - ENTERPRISE RISK OFFICER
STATUS: EXEMPT
REPORTS TO: SEVP - CHIEF ADMINSTRATIVE OFFICER
DEPARTMENT: ENTERPRISE RISK MANAGEMENT
JOB CODE: 7603
PAY RANGE: $205,200.00 - $240,000.00 ANNUALLY


POSITION AND PURPOSE

The Vice President – Enterprise Risk Officer (ERO) is responsible for establishing, leading, and overseeing the Credit Union’s enterprise wide risk management framework to ensure all material risks are identified, measured, monitored, managed, and reported in alignment with strategic objectives, Board approved risk appetite, and regulatory expectations. Reporting to the SEVP – Chief Administrative Officer, the ERO serves as a key independent advisor to executive leadership and the Board of Directors’ Enterprise Risk Oversight Committee on risk related matters.
This role strengthens the organization by reducing the potential for unexpected losses and managing volatility through the development and execution of effective risk management strategies. The ERO ensures that risk considerations are embedded into strategic planning, major initiatives, and decision making processes while promoting a strong, risk aware culture across the Credit Union. Acting independently from revenue generating and operational functions, the role provides second line oversight of operational risk, information technology and security risk, third party risk management, fraud risk, and corporate governance, enabling sound, informed decisions consistent with the Credit Union’s long term goals and regulatory obligations.
WHO WE ARE

Golden 1 Credit Union is among the top credit unions in the country. As a member-owned, not-for-profit cooperative, Golden 1 is guided by the credit union philosophy of “people helping people.” We are committed to empowering our members and uplifting our communities as we create a more equitable and financially inclusive California. We welcome all who embrace our Core Values.
WHO YOU ARE

You lead enterprise risk with confidence and independence, ensuring material risks are identified, assessed, and managed in alignment with the Credit Union’s strategy, risk appetite, and regulatory expectations.
You are a trusted executive advisor who brings objectivity, credibility, and sound judgment to high stakes discussions.
You exercise disciplined, risk based judgment, weighing regulatory, operational, reputational, and strategic impacts before decisions are made.
THE WORK

GOLDEN 1 RESPONSIBILITES INCLUDE:
Enterprise Risk Management
1. Design, implement, and maintain a comprehensive ERM framework consistent with regulatory expectations and industry best practices.
2. Establish and oversee the Credit Union’s risk appetite framework, including risk limits, tolerances, metrics, and escalation protocols.
3. Ensure risk considerations are integrated into strategic planning, capital planning, major projects and initiatives, budgeting, and business decision-making.
4. Conduct risk assessments, including but not limited to those related to technology, information security, operational, and project and major initiative risks.
Risk Oversight and Strategic Advisory
1. Provide independent oversight of all major risk categories, including but not limited to:
a. Credit risk
b. Interest rate risk
c. Liquidity risk
d. Operational risk (including fraud, third-party, and model risk)
e. Compliance, legal, and regulatory risk
f. Technology and Information Security risk
g. Reputational risk
h. Strategic risk.
2. Monitor emerging risks and industry trends, assessing their potential impact on the institution and giving advice to affected business units on strategies for mitigating emerging and other risks.
3. Provide second line oversight of numerous business functions, including model risk management, business continuity, enterprise fraud risk management, and information technology and security.
4. Manage and oversee second-line functions and personnel relating to Operational Risk Management, Enterprise Fraud Risk Management, Third-Party Risk Management, Information Technology and Security Risk Management, and Corporate Governance.
Governance and Executive and Board Reporting
1. Prepare and present clear, timely, and actionable risk reporting to the EROC, management committees, including the Risk Management and Remediation Committee and the Information Technology and Security Committee, as well as executive leadership.
2. Escalate significant risk issues, breaches of risk appetite, and control weaknesses promptly.
3. Ensure Board and Corporate policies are reviewed on a regular basis and updated and align to strategic and busi