The primary purpose of this position will be part of the Enterprise Risk Management organization, operating in a high-profile and collaborative environment that provides varying degrees of contact with leadership at all levels. The incumbent serves as the independent second line to support enterprise risk appetite framework, risk assessments, RCSA and develop processes vital to managing operational risk. This position plays a critical role in maturing VyStar’s adoption of advanced quantitative m... more details
At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
Manager, Enterprise Risk & RCSA
ACCOUNTABILITY STATEMENT
The primary purpose of this position will be part of the Enterprise Risk Management organization, operating in a high-profile and collaborative environment that provides varying degrees of contact with leadership at all levels.
The incumbent serves as the independent second line to support enterprise risk appetite framework, risk assessments, RCSA and develop processes vital to managing operational risk. This position plays a critical role in maturing VyStar’s adoption of advanced quantitative modeling capabilities to quantify and manage operational risks together with financial risks effectively.
He/she will provide effective challenge where needed and conduct independent risk identification & assessment. The candidate is expected to exhibit sound judgment in decision making and be a strategic and trusted partner/advisor to first line of business.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
- Lead a high-functioning team in the development and execution of a vibrant risk program to manage non-financial risk exposure in a dynamic and proactive manner across the enterprise.
- Direct team to understand the risk profile as assessed by the business, key risk & performance indicators, and other controls to identify negative trends and potential control gaps.
- Provide an independent, objective view of the business and/or function control environment, mitigation strategies and emerging risk.
- Anticipate risks the organization may be subjected to and create an action plan to minimize the negative impact.
- Lead and manage the compilation and assessment of input from relevant departments during semi-annual and annual risk cycles to include planning, tracking and monitoring and escalating any areas of concern.
- Lead the Enterprise Risk and RCSA team and assist with the budget planning for the team, including facilitating tracking and monitoring of team’s budget against final plan throughout the year.
- Lead and assist the Enterprise Risk & RCSA team with the analysis, tracking, monitoring, identification and escalation of risks across the credit union.
- Direct the review of ERM policies, programs and other governance documents to ensure alignment, consistency, both between ERM programs, but also with ERM strategic objectives, risk appetite, and maturity evolution.
- Assist in the ongoing evolution, implementation, monitoring and management of the risk appetite statement, reporting and metrics, in collaboration with leadership, ensuring it reflects the organizations risk tolerance and strategic goals, including timely identification and assessment of emerging risks.
- Work closely with cross functional teams to integrate the risk appetite considerations into business processes, decision making and performance metrics.
- Work with Business Units to research, analyze and review business intelligence reporting, including any trending, anomalies or investigation and/or independent validation of potential issues.
- Prepare procedures and protocols for non-financial risk exposures to include security breaches, cyber-attacks, system failures, etc.
- Provide subject matter expertise in quantitative modeling techniques and mechanism to assess and quantify operational risk charge.
- Drive the risk appetite metrics reporting function and support the risk appetite refresh program.
- Lead the Top and Emerging Risk reporting activity for the enterprise.
- Drive and communicate effectiveness in the Operational Risk management framework.
- Update and review operational risk policies and procedures to ensure they are in line with regulatory requirements.
- Assess risk incidents and working together with relevant parties to ensure the issues have been resolved and effective controls are put in place.
- Establish and maintain an operational risk management framework for the credit union including risk related governance, policies, and tools that enables identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks.
- Understand and evaluate the operational risk profile in the Business using risk control and self-assessment (RCSA) and adequate data capture to support required risk analysis, decisioning, reporting, stress testing and strategic decision-making.
- Remain abreast of latest developments and best practices in risk assessments, enterprise risk management principles, and information governance and oversight. Maintain strong working knowledge of COSO, ISO 31000, NIST CSF and to mature operational risk management in the 2nd Line of Defense.
- Assist, including facilitating, managing or documenting any reviews or work needed to support M&A activities from ERM perspective.
- Partner with various departments to create enterprise level risk training in support of a vibrant risk culture.
- This position will supervise employees.
- Perform other duties as assigned.
Education and/or Experience
Equivalent combination of education and experience is considered.
- Bachelor's degree in Business Administration, Statistics, Economics, Mathematics, Computer Science, or Quantitative Discipline Equivalent is required.
- Minimum of five (5) years of relevant work experience is required.
- Minimum of three (3) years of direct management expertise is required.
- Certification in CERP, FRM, PRM, CRM, CFA preferred.
Knowledge, Skills, and Abilities
- Strong understanding of quantitative analysis methods in relation to financial institution and track-record in econometric and machine learning analytics.
- Deep expertise in quantitative methods, algorithms, and statistical techniques as well as programming language as needed.
- Interest in supporting a collaborative working environment to enable well-considered and empirically supported decisions. Ability to partner across business lines and work with a variety of stakeholders.
- Excellent verbal and written communication skills, including ability to summarize key messages for senior management presentations. Ability to explain complex topics simply to a wide variety of audiences.
- Strong organization skills with the ability to multitask, prioritize and work under tight deadlines, whether on independent project work or in conjunction with others on a team.
- Self-motivated with strong interpersonal skills to actively lead and implement ideas in a cross-functional team environment.
- Ability to communicate complex concepts and findings in a clear and concise manner.
- Ability to assist with multiple projects, work in fast-paced environment and meet deadlines Maintains professional composure, objectivity and fairness when dealing with conflict or sensitive matters. Ability to operate within both structured and unstructured environment.
- Ability to travel as needed to successfully perform position responsibilities.
- Excellent ability to rely on experience and judgment to plan and accomplish various goals and objectives and to produce high quality materials within tight timeframes.
Disclaimers and Work Environment
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move object.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!
VyStar Credit Union Human Resources
