Risk Manager

Maine Credit Union League; Freeport (ME); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Short/Long term disability

Life insurance

401(k) with employer match

Paid time off

Paid birthday off

Wellness incentives

Job summary

Midcoast FCU in Freeport seeks a detail-oriented Risk Manager to strengthen enterprise risk, compliance, and fraud programs. You will work with the Vice President of Risk Management to translate strategy into compliant operational practices.

The role oversees day-to-day risk activities, vendor management, audits, and staff development. A hybrid in-office presence is required to support cross-functional collaboration and regulatory alignment.

Qualifications

• 3-5 years of relevant experience in risk, compliance, fraud, or related functions.
• Two-year college degree or equivalent combination of education, certifications, and experience.
• Strong organizational, analytical, and problem-solving skills with the ability to manage multiple priorities.
• Ability to communicate effectively, work cross-functionally, and handle sensitive information with discretion.

Responsibilities

• Execute enterprise risk management and compliance programs, including risk assessments and monitoring.
• Oversee BSA/AML, fraud, and vendor management activities with timely investigations.
• Coordinate audits and exam activities, track findings and remediation.
• Lead and develop Risk Specialists through coaching and performance feedback.
• Support training initiatives and maintain procedures for consistency and efficiency.

Skills

Experience in risk/compliance

Associate degree or equivalent

Analytical problem solving

Cross-functional communication

Education

Two-year college degree

Tools

Regulatory frameworks

Job description

Midcoast FCU is hiring a Risk Manager in Freeport.

As Midcoast FCU continues to strengthen its enterprise risk and compliance functions, we are building roles that ensure strong controls, regulatory alignment, and organizational consistency. This position plays a key role in supporting our mission of cultivating a thriving community, together.

Midcoast FCU is seeking a detail-oriented, collaborative, and operationally focused Risk Manager to support the execution of our enterprise risk, compliance, and fraud programs. This role partners closely with the Vice President of Risk Management and leaders across the organization to translate strategy into consistent, compliant operational practices.

What You'll Do:

The Risk Manager is responsible for the day-to-day management and execution of enterprise risk, compliance, BSA/AML, fraud, and vendor management functions. This role ensures regulatory requirements are met, operational processes are consistent, and risk-related activities are effectively coordinated across the credit union.

Key Areas of Responsibility:

• Enterprise Risk & Compliance Program Execution - Manage the execution of Enterprise Risk Management and Compliance programs, including risk assessments, monitoring activities, issue tracking, and reporting. Review and analyze outputs from Risk Specialists and elevate emerging risks, trends, and concerns.
• BSA/CFT, Fraud, & Vendor Management Coordination - Oversee daily monitoring, investigations, and case management activities related to BSA/CFT, fraud, and vendor management. Ensure work is completed accurately, timely, and in alignment with regulatory standards, while serving as a key escalation point for complex matters.
• Audit & Examination Support - Coordinate internal, external, and regulatory audit and exam activities. Track findings, support remediation efforts, and ensure documentation and responses are complete, accurate, and audit-ready.
• Team Leadership & Development - Supervise and develop Risk Specialists by assigning work, monitoring workload, and providing coaching, feedback, and performance management. Support ongoing training and ensure team knowledge remains current with regulatory and procedural changes.
• Training & Cross-Functional Support - Support employee training efforts related to compliance, fraud, and risk management. Serve as a resource for departments and assist with maintaining procedures, workflows, and documentation to promote consistency and efficiency.

What Success Looks Like:

Success is reflected in accurate and timely execution of risk and compliance activities, well-prepared audit and examination outcomes, strong team performance, and effective collaboration across departments to manage risk and maintain compliance.

What You Bring:

• 3-5 years of relevant experience in risk, compliance, fraud, or related functions.
• Two-year college degree or equivalent combination of education, certifications, and experience.
• Strong organizational, analytical, and problem-solving skills with the ability to manage multiple priorities.
• Ability to communicate effectively, work cross-functionally, and handle sensitive information with discretion.

This is a hybrid position requiring some in-office presence and the ability to report to a designated branch location as needed.

Compensation commensurate with experience. Midcoast FCU offers a comprehensive benefits package including:

• medical
• dental
• short/long term disability
• life insurance
• 401(k) with employer match program
• paid time off
• paid birthday off
• additional wellness-based incentives

Midcoast FCU is an Equal Opportunity Employer.

Midcoast FCU is an equal opportunity employer. We value diversity and inclusion and consider all qualified applicants without regard to any legally protected status.