Director, Enterprise Risk Job at Alaska USA Federal Credit Union
Overview:
Duties and Responsibilities:
Compensation:
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range. Benefits:
Reports to: Chief Risk Officer & General Counsel
Functions Supervised: Enterprise Risk Administration
Primary Functions: The Director, Enterprise Risk will be responsible for supervising the enterprise risk department, developing the credit union’s model risk management program, monitoring and refining enterprise risk appetite statements and metrics for key risks, and participating with credit union leadership in the management and oversight of the corporate insurance program.
Duties and Responsibilities:
- Responsible for the innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk. Develop risk management tools, practices, policies, and metrics to help business units and departments understand specific risks and manage those risks according to the established enterprise risk management framework.
- Ensure the organization's risk management policies and strategies are in compliance with regulator expectations, applicable regulations, rating agency standards, and strategic imperatives of the organization.
- Serve and actively participate in various management committees, as assigned.
- Lead the technical implementation, use, and continuous improvement of the risk modules for the credit union’s governance, risk and compliance system.
- Recruit, lead, and supervise personnel in the Enterprise Risk Department.
- Act as the independent second line supporting the development of the enterprise risk appetite framework, capital planning allocation and model management.
- Provide independent assessment and effective challenge in the credit union’s capital planning and stress testing models, economic / stress scenarios, capital adequacy, and specific risk areas such as liquidity, interest rate, credit, reputational, strategic, and transactional, based on the credit union’s risk profile.
- Conduct enterprise risk assessments of specific large-scale expansion and growth opportunities, as well as new and modified products and services.
- Lead the creation, development, and execution of the Model Risk Management Program to include monitory model inventory, performing independent model testing, validation and providing effective challenge throughout the model development and process.
- Assist as needed with the corporate insurance program including policy applications and claims management.
Education: Bachelor’s degree in business, economics, finance, mathematics, statistics, information technology, or related fields expected. MBA, Juris Doctorate (JD), and/or other applicable professional certification preferred
Creditable Experience in Lieu of Education: Minimum of ten years of experience working at a senior level in financial services or other highly regulated industry; direct experience with regulatory compliance, enterprise risk management, second-line challenge functions, and corporate insurance programs. Impeccable ethical reputation and strong emotional intelligence. Previous executive-level experience strongly preferred.
Experience/Skills: Ability to read, draft, analyze and interpret financial reports, legal documents, and professional publications. Deep understanding of the role enterprise risk can play in supporting business and strategic objectives of a large credit union. Proven track record of working well and influencing peers, as well as members of a senior management team. Experience interacting and working successfully with federal regulators. Flexible approach to new projects, requirements, and workplace demands. Possess strong project management, organizational, analytical, presentation and leadership skills. Proven successful leadership of change management initiatives. Familiarity with Agile. Excellent and demonstrable oral and written communication skills. High emotional intelligence, good judgment, and sense of humor. Proficiency in Microsoft Office suite of products.
Tenure: N/A
Compensation:
Director, Enterprise Risk (Category 04)
Salary pay range: $100,000 to $175,000 annually. Starting base salary will be determined based on position, experience, education, and local or state wage requirements, if applicable and will fall within the range provided above.
Salary pay range: $100,000 to $175,000 annually. Starting base salary will be determined based on position, experience, education, and local or state wage requirements, if applicable and will fall within the range provided above.
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
- Click here to view Global’s comprehensive Benefits Programs.
Equal Opportunity Employer
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