Assistant Vice President, Credit Risk Management

Job Description Establish, develop, and lead the Credit Risk Strategy and Analytics function within Navy Federal's Credit Risk Management division (second line of defense). Plan, design, and guide credit risk analytics to support the independent oversight function of NFCU's lending activities and other areas of credit exposure to ensure effective identification, measurement, monitoring and reporting of enterprise-wide credit risk. Ensure Analytics and Reporting are commensurate with Navy Federal's size and complexity and align with industry best practices and regulatory expectations. Support executive management in evaluating enterprise credit risk and in developing strategies to mitigate and control credit risk in support of business initiatives, compliance objectives, and managing emerging risks. Responsibilities Conceptualize and implement tools, methods, and programs (e.g. Key Risk Indicators (KRIs), etc.) to identify and mitigate operational and regulatory risks, and manage risk exposure Determine and review gaps in performance, establish relevant performance metrics, and ensure appropriate improvements are initiated and managed Liaise with 2nd and 3rd lines of defense teams (e.g., Business Continuity, Third Party Risk Management, Compliance, etc.) on breaches and action steps to correct breaches Ensure that all relevant risks are identified, assessed, managed and reported in accordance with the risk management framework; ensure that significant risks and issues are escalated in a timely fashion Interface with financial regulators regarding Operational Risk matters; oversee preparation of required deliverables Oversee the identification and remediation of control deficiencies, quality control reviews, and corrective actions to mitigate operational and regulatory risks Responsible for managing the Risk and Control Self-Assessment Process (RCSA), including prioritizing and facilitating RCSAs, reviewing them for consistency, and ensuring they are performed by established time frames Identify existing and new issues pertaining to compliance with federal and state laws, rules and regulations to ensure necessary policies, strategies and procedures are developed/updated and implemented Act as primary liaison with Security and the Office of General Counsel for security-related matters involving financial crimes, fraud investigations, etc. Oversee functional and operational reviews, root cause analysis, analysis of existing business risk and the design and implementation of internal controls Facilitate the continued improvement in operational risk management and culture across the Department, through continual refinement of the Operational Risk Management Framework Provide leadership and direction to achieve goals and objectives, proactively affecting change as appropriate and challenging the status quo Measure the success of the Operational Risk program to ensure the Department's adherence to operational risk framework requirements, internal policies, and best practices Manage records, data and documentation to ensure compliance with applicable federal and state laws, rules, regulations and Navy Federal policies and procedures Oversee the creation of risk management reports for the Department Executive and Senior Leadership Maintain comprehensive knowledge and understanding of applicable federal and state laws, rules, and regulations that govern Operational Risk Perform supervisory/managerial responsibilities Set direction to ensure goals and objectives align with corporate and division strategy Select management and other key personnel; oversee talent development/succession planning Collaborate with leadership/executive colleagues to develop/execute corporate initiatives and/or department strategy Oversee the preparation and execution of division AFP Manage merit pay in accordance with specified objectives and guidelines Perform other duties as assigned Qualifications Extensive experience in building, leading and/or managing a credit risk, or analytics operation, preferably in a large financial institution. Extensive knowledge of underwriting/credit risk processes and interactions between consumer behaviors and macroeconomic environment. Extensive experience in developing strategy and conducting deep dive analytics in consumer lending space across the credit lifecycle. Expert knowledge of data querying, reporting, forecasting, analysis, and operations research, including statistical methods and modeling. Expert knowledge of methodologies used to measure, model, and simulate credit risk, operational risk, regulatory risk, and risk exposure in relevant lending product types. Expert skill interpreting and synthesizing large amounts of data and information. Experience with data analytics and programming tools such as SQL, Python or R Expert skill in being adaptive/flexible and acquiring, recognizing & applying new information. Expert verbal, written, interpersonal, and presentation skills. Extensive experience in demonstrating thought-leadership, initiative taking, decision-making and creativity in solving business problems. Extensive experience in supervising and leading professional employees. Experience with data visualization and associated tools (e.g., Power BI, Tableau, etc.) Master's degree in business administration, Finance, Economics, or related field, or the equivalent combination of education, training, and experience. Hours: Monday - Friday, 8:00AM - 4:30PM Location: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Best Companies for Latinos to Work for 2024 Computerworld Best Places to Work in IT Forbes 2024 America's Best Large Employers Forbes 2023 The Best Employers for New Grads Fortune Best Workplaces for Millennials 2023 Fortune Best Workplaces for Women 2023 Fortune 100 Best Companies to Work For 2024 Military Times 2023 Best for Vets Employers Newsweek Most Loved Workplaces Ripplematch Campus Forward Award - Excellence in Early Career Hiring Yello and WayUp Top 100 Internship Programs From Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union. Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process. Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.