Heritage Family Credit Union
Risk Management Specialist
Heritage Family Credit Union, Rutland, Vermont, us, 05702
Position Title: Risk Management Specialist
Department : Compliance & Risk Management
Reports To:
VP Compliance & Risk
FLSA Status:
Exempt
EEO
Code:
Professionals
Starting Salary Range:
$47,919.70 - $59,899.60
Summary:
The Risk Management Specialist is the subject matter expert for the credit unions' Operational Risk Management (ORM), Third Party Risk Management (TPRM), and Business Continuity Management (BCM) programs.The incumbent will report directly to the VP, Compliance and Risk. This individual acts as an agent of change as HFCU transitions to an enterprise perspective of risk management. This position collaborates with all lines of business and second line stakeholders by acting as a risk advisor and partner to support a risk aware culture.
Essential Functions:Gather and track information for successful operation of the day-to-day functions within TPRM and BCM programs.Provide continuous monitoring and opportunities for improvement over these programs.Evaluate new and/or existing internal control procedures or processes to identify (and initiate) improvements in programs, tools, and processes across the organization.Supporting the Compliance team in developing robust compliance and risk management programs through established processes meet, regulatory requirements, industry best practices, and organizational objectives.Assist business lines (and management) in reviewing policies/procedures for associated risk and proper compliance guidance.In addition, review (and make recommendations to update) based upon regulatory guidance (new and existing) and corporate standards.Assist in driving operational risk awareness and training programs within the credit union to promote a risk focused culture and promoting risk literacy across departments.Stay updated with industry best practices, emerging trends, and regulatory changes related to operational and third-party risk, new initiative risks in the banking sector, and provide recommendations, accordingly.Partner with internal auditors and external examiners to assist with internal audits and regulatory examinations.Update and track all audit/exam issues and provide reporting, as needed.This may include preparation of Supervisory Committee deliverables.
Qualifications:
•Education: A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor's degree.
oMinimum High School Diploma or equivalent required.
oAssociate or bachelor's degree with a focus in business management, risk management, or another related field. A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor's degree.
oRelevant industry specific certifications are preferred.
•Experience:
oMinimum 3-5 years' experience in risk management, internal audit, IT risk, compliance, BCM, TPRM, or ORM at a financial institution is required.
•Skills: This position requires a highly organized, detail-oriented self-starter.
oExcellent phone skills/etiquette and the ability to communicate clearly and effectively over the phone, electronically and in writing is critical.
oExperience with Microsoft Office Products required.
oExcellent verbal communication skills with the ability to present materials to groups one-on-one.
oStrong analytical skills and the ability to make sound judgements.
oKnowledge of credit union (or banking) regulations, practices, and policies.
Physical Requirements :
•Perform primarily sedentary work with limited physical exertion and occasional lifting up to 10 lbs.
•Must be able to operate routine office equipment including computer, telephone, copier, facsimile, and calculator.
•Must be able to work extended hours whenever required or requested by management.
•Must be capable of regular, reliable, and timely attendance (in-person and remote).
•While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, or controls; talk and hear.
•Must have a valid driver's license and be able to drive between locations throughout the company footprint.
Work Environment:
•Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
•Must be able to work independently with little supervision.
•Must be able to travel throughout the company footprint on an as-needed basis.
Equal Opportunity Employer : Heritage Family Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Department : Compliance & Risk Management
Reports To:
VP Compliance & Risk
FLSA Status:
Exempt
EEO
Code:
Professionals
Starting Salary Range:
$47,919.70 - $59,899.60
Summary:
The Risk Management Specialist is the subject matter expert for the credit unions' Operational Risk Management (ORM), Third Party Risk Management (TPRM), and Business Continuity Management (BCM) programs.The incumbent will report directly to the VP, Compliance and Risk. This individual acts as an agent of change as HFCU transitions to an enterprise perspective of risk management. This position collaborates with all lines of business and second line stakeholders by acting as a risk advisor and partner to support a risk aware culture.
Essential Functions:Gather and track information for successful operation of the day-to-day functions within TPRM and BCM programs.Provide continuous monitoring and opportunities for improvement over these programs.Evaluate new and/or existing internal control procedures or processes to identify (and initiate) improvements in programs, tools, and processes across the organization.Supporting the Compliance team in developing robust compliance and risk management programs through established processes meet, regulatory requirements, industry best practices, and organizational objectives.Assist business lines (and management) in reviewing policies/procedures for associated risk and proper compliance guidance.In addition, review (and make recommendations to update) based upon regulatory guidance (new and existing) and corporate standards.Assist in driving operational risk awareness and training programs within the credit union to promote a risk focused culture and promoting risk literacy across departments.Stay updated with industry best practices, emerging trends, and regulatory changes related to operational and third-party risk, new initiative risks in the banking sector, and provide recommendations, accordingly.Partner with internal auditors and external examiners to assist with internal audits and regulatory examinations.Update and track all audit/exam issues and provide reporting, as needed.This may include preparation of Supervisory Committee deliverables.
Qualifications:
•Education: A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor's degree.
oMinimum High School Diploma or equivalent required.
oAssociate or bachelor's degree with a focus in business management, risk management, or another related field. A comparable combination of education, relevant certifications, and experience will be considered in lieu of a bachelor's degree.
oRelevant industry specific certifications are preferred.
•Experience:
oMinimum 3-5 years' experience in risk management, internal audit, IT risk, compliance, BCM, TPRM, or ORM at a financial institution is required.
•Skills: This position requires a highly organized, detail-oriented self-starter.
oExcellent phone skills/etiquette and the ability to communicate clearly and effectively over the phone, electronically and in writing is critical.
oExperience with Microsoft Office Products required.
oExcellent verbal communication skills with the ability to present materials to groups one-on-one.
oStrong analytical skills and the ability to make sound judgements.
oKnowledge of credit union (or banking) regulations, practices, and policies.
Physical Requirements :
•Perform primarily sedentary work with limited physical exertion and occasional lifting up to 10 lbs.
•Must be able to operate routine office equipment including computer, telephone, copier, facsimile, and calculator.
•Must be able to work extended hours whenever required or requested by management.
•Must be capable of regular, reliable, and timely attendance (in-person and remote).
•While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, or controls; talk and hear.
•Must have a valid driver's license and be able to drive between locations throughout the company footprint.
Work Environment:
•Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
•Must be able to work independently with little supervision.
•Must be able to travel throughout the company footprint on an as-needed basis.
Equal Opportunity Employer : Heritage Family Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.