Vice President - Enterprise Risk Management

The Vice President of Enterprise Risk Management will establish the ERM architecture for the credit union, fostering a risk-aware culture aligned with strategic objectives. This role involves setting the strategic risk management vision and delivering it across the company. Responsibilities include leadership, innovation, governance, and managing the company’s overall risk levels. The VP will develop and maintain an ERM Framework, including policies, procedures, and reporting for various risk categories. They will monitor and analyze risks within business units, reporting to the Board and senior management. Additionally, they will lead the enterprise risk committee, providing insights and metrics for informed decision-making, and oversee the compliance information security program.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Develop and administer an ERM program to identify potential events affecting the organization.
• Assist the Board and senior management in integrating risk management into strategic planning, incorporating the credit union’s risk appetite.
• Develop and maintain ERM policies and procedures for program management, risk escalation, and reporting.
• Develop and implement strategic and annual ERM business plans.
• Oversee risk management to ensure alignment with the credit union’s risk tolerance.
• Coordinate with management, staff, and the NCUA to develop and administer ERM policies, procedures, and processes.
• Lead and manage the organization’s engagement with NCUA examinations, ensuring thorough preparation, timely responses, and compliance.
• Facilitate enterprise-wide risk assessments and monitoring, prioritize risks, and assist in managing newly identified and cross-enterprise risks.
• Implement systems to evaluate operational risks before introducing new products and activities.
• Perform periodic reviews of risk exposure limits and facilitate the development of risk response strategies and mitigation plans.
• Collaborate with business units to improve risk management capabilities and develop effective risk identification, evaluation, management, and mitigation plans.
• Identify and analyze potential and emerging risks that may threaten the credit union’s assets, earnings, or strategic goals.
• Establish a management Risk Committee to oversee risk monitoring and reporting.
• Implement training, communications, and awareness programs to educate staff and business partners on ERM requirements and responsibilities.
• Ensure compliance with risk management policies, regulations, rating agency standards, and strategic initiatives.
• Oversee the Compliance function, ensuring high levels of compliance with relevant laws and regulations.
• Oversee the business continuity process, ensuring appropriate planning, documentation, and annual testing.
• Develop and oversee the credit union’s security and loss mitigation area.
• Direct the development and management of the Information Security Program, collaborating across departments to assess risks, ensure compliance, and address cybersecurity challenges. Provide regular updates to executive leadership and the Board on program status and risks.

Special Projects

• Perform special projects as assigned; participate on special project teams, committees, and focus groups to consider ideas and implement projects/process improvements that support the credit union’s strategic goals and objectives.
• Perform other work-related issues, as assigned.

PROFESSIONAL QUALITIES FOR SUCCESS:

• Demonstrates the ability to think strategically and adapt to changing circumstances.
• Effectively influences others and makes a significant impact on the organization.
• Builds and maintains strong relationships within and outside the organization.
• Inspires and motivates team members to achieve their best.
• Invests in the development and growth of team members.
• Responds effectively to the interpersonal needs of others.
• Shows courage in managerial decisions and actions.

EDUCATION AND EXPERIENCE

• Bachelor’s in Administration or Bachelors in Science in a relevant field.
• 7 – 10 years of relevant experience in financial services, enterprise and operational risk management, and managing cross-functional projects.
• 3-5 years of relevant experience in credit union or banking operations preferred.

OTHER REQUIREMENTS:

• Able to travel to neighbor islands and out of state as needed.
• Valid driver’s license, good driving record and use of own vehicle.
• On-call availability.

BENEFITS & PAY

The expected pay range for the Vice President of Enterprise Risk Management role is $125,520 to $156,900/year.

We cover 100% of employees’ single medical, drug, vision, and dental monthly health insurance premiums. Employees also love receiving paid volunteer time, our pay it forward program, and matching their charitable donations up to $250 per year per employee. Tuition assistance for higher education is another special way we invest in our workforce. Benefits include Paid Time Off and 11 Paid Holidays, 401(k) and 3% Employer Contribution, Health insurance, Paid time off, Vision insurance, Dental insurance, 401(k), Prescription drug insurance, Tuition reimbursement, Life insurance, Flexible spending account, Disability insurance, Opportunities for advancement, Employee assistance program, Referral program, Retirement plan, Employee discount, Paid training, Professional development assistance, AD&D insurance, Volunteer time off, Credit union membership, Paid orientation, and more.

Make a difference one life at a time!

About Us

HawaiiUSA Federal Credit Union is a local, not-for-profit, federally insured financial cooperative, owned and operated by our members since 1936. We are dedicated to helping members achieve their financial goals and our employees reach their career aspirations. We are committed to our community by extending ourselves through our time, efforts and resources. Our motto, Life Matters, means celebrating life’s experiences and creating fulfilling work opportunities, not just jobs.

Instructions: Please make sure to fill out all required fields in the application process, making sure to list a minimum of 3 employers unless you have worked for less than 3 employers. For required fields that may not apply to you, enter "N/A". Please also include 3 professional references, i.e., individuals who you worked with, ideally supervisors.