Director of Risk Management

Diamond Federal Credit Union; Pottstown (Montgomery County); On-site; USD 150,000 - 210,000; Full time

Job summary

Diamond Federal Credit Union in the United States is seeking a Director of Risk Management to lead the risk framework across internal audit, compliance, risk administration, business continuity, and vendor management. The role focuses on enterprise risk management and assessing credit, strategic, liquidity, and interest rate risks, guiding policies and risk controls, and reporting to executives.

You will build and maintain risk tools, develop methodologies, and supervise staff, ensuring

Qualifications

• Bachelor’s degree in risk management or related field.
• Enterprise Risk Management certifications preferred.
• Seven plus years of risk management experience, with direct experience in more than one functional area.
• Seven plus years of experience in the financial services industry.
• Seven plus years of progressive managerial experience.
• Experience conducting risk assessments and internal audits preferred.

Responsibilities

• Direct the daily and long-term functions of the Risk Management Department, leading the design, development, delivery, and maintenance of risk management programs.
• Participate in developing and evaluating the credit union’s short- and long-term strategic goals and objectives to reduce risks; communicate to staff.
• Develop and maintain tools and methodologies for analysis of risks, including risk assessments and audits.
• Stay updated on regulatory compliance and industry risks; regularly update executive leadership.
• Supervise, train, evaluate performance, and support assigned staff; make recommendations on promotions and hiring.

Skills

Member-focused service

Emotional intelligence

Organizational skills

Analytical skills

Supervisory leadership

Communication skills

Independent judgment

Self-starter

Overnight travel

Education

Bachelor's degree in risk management or related field

Enterprise Risk Management certifications preferred

Job description

Description

Position Summary:

The Director of Risk Management exists to establish and direct the functions of the Credit Union’s Risk Management group, which includes internal audit, compliance, risk administration, business continuity, and vendor management. Together, these groups are focused on the transactional risk and compliance risk of the organization, with movement towards enterprise risk management. With the implementation of enterprise risk management (ERM)they will also be responsible for ensuring the other risk components (credit risk, strategic risk, liquidity risk, and interest rate risk) are being assessed on a regular basis. Responsible for establishing and maintaining policies, procedures, processes and programs to prevent violations of laws and regulations.

Supervisory Responsibilities:

• Compliance Officers
• Risk Officer
• Internal Auditor (administrative)
• Risk Analyst
• Risk Administration Manager

Essential Functions:

• Direct the daily and long-term functions of the Risk Management Department. Leads the design, development, delivery, and maintenance of risk management programs.
• Participate in developing and evaluating the credit union’s short- and long-term strategic goals and objectives to reduce the credit union’s risks; communicates such goals and objectives to overseen staff members.
• Develop and maintain tools and methodologies for analysis of risks to the credit union, including risk assessments and audits.
• Stay updated on compliance with regulations and industry risks. Regularly updates executive leadership on these items.
• Supervise, train, evaluate performance, and support assigned staff. Make recommendations regarding promotions, hiring, salaries and disciplinary action.

This job description is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Requirements

Required Skills/Abilities:

• Demonstrated dedication to positive, member-focus service.
• Proven emotional intelligence skills with the ability to lead, adapt, and motivate a team of diverse staff.
• Excellent organizational and analytical skills with high attention to detail and accuracy.
• Ability to provide supervisory leadership of professional and intermediate-level staff.
• Excellent communication skills, both verbal and written with the ability to interact with all levels of the credit union.
• Can exercise independent judgment.
• Must be a self-starter, flexible, innovative and adaptive.
• Ability to travel overnight.

Education/Experience:

• Bachelor’s degree in risk management or related field, or equivalent experience.
• Credit Union Compliance Officer and Enterprise Risk Management certifications preferred.
• Seven plus years of risk management experience, with direct experience in more than one of the functional areas listed in the position summary.
• Seven plus years of experience in the financial services industry.
• Seven plus years of progressive managerial experience.
• Experience conducting risk assessments and internal audits preferred.

Diamond Federal Credit Union complies with all laws related to equal employment opportunity. It is the policy of the Credit Union to not discriminate against any employee or applicant because of sex (including gender identity, gender expression, sexual orientation, pregnancy, and pregnancy related decisions). Diamond Federal Credit Union will not engage in any discriminatory employment practices based on race, color, religion, gender, age, national origin, ancestry, veteran status, disability, or any other characteristics protected by law.