VP, Financial Risk

Patelco Credit Union

Dublin (CA)

On-site

USD 240,000 - 250,000

Full time

8 days ago

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Benefits offered by this job

Competitive compensation packages with

401(k) with 3% Safe Harbor and 5%](em-

Job summary

Patelco Credit Union, headquartered in Dublin, seeks a Vice President of Financial Risk to lead the risk management framework for credit union operations. You will drive strategies across credit, liquidity, market, and capital risk, reporting to executives and the Board.

The role requires 10+ years in risk management and 5+ years of leadership, with deep knowledge of regulatory expectations and risk analytics. Competitive benefits and a strong risk culture are offered.

Qualifications

Bachelor's degree required in finance, accounting, economics, risk management, business administration, or related field.
MBA or MS in related discipline preferred.
10+ years of progressive experience in financial risk management.
5+ years of leadership experience managing risk teams.
Experience with Credit Risk Management, ALM, IRR, Liquidity Risk, Capital Planning, Stress Testing, Regulatory Examinations, ERMF.

Responsibilities

Develop and maintain the enterprise Financial Risk Management Framework.
Establish risk management strategies aligned with objectives and risk appetite.
Provide thought leadership on emerging financial risks, economic trends, and regulatory developments.
Partner with executive leadership on planning, capital, and growth initiatives.
Oversee stress testing, scenario analysis, and quantitative risk modeling.

Skills

Strategic risk

Risk modeling

Stakeholder mgmt

Regulatory knowledge

Quantitative analytics

Education

Bachelor's degree in Finance, Accounting, Economics, Risk Management, Business Administration, or related field

Master's degree (MBA, MS Finance, Economics, or related discipline)

Tools

VBA

SQL

MatLab

SAP

SUMMIT

Job description

About Patelco Credit Union

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you.

Overview

The Vice President, Financial Risk is responsible for providing strategic leadership, oversight, and governance of the organization's financial risk management framework. This role leads the identification, measurement, monitoring, reporting, and mitigation of key financial risks, including supporting credit risk, liquidity risk, interest rate risk, market risk, concentration risk, and capital adequacy risk. The Vice President serves as a trusted advisor to executive leadership, risk committees, and the Board, ensuring that financial risk exposures remain within the organization's risk appetite while supporting sustainable growth and strategic objectives.

Responsibilities

Develop and maintain the enterprise Financial Risk Management Framework.
Establish risk management strategies aligned with organizational objectives and risk appetite.
Provide thought leadership on emerging financial risks, economic trends, and regulatory developments.
Partner with executive leadership to support strategic planning, capital planning, and business growth initiatives.
Serve as a key advisor to the Enterprise Risk Committee, Asset Liability Committee (ALCO), Credit Risk Committee, and Board Risk Committee.
Oversee stress testing, scenario analysis, forecasting, and quantitative risk modeling. Evaluate stress testing results and recommend actions to mitigate emerging risks.
Monitor capital adequacy and liquidity metrics to ensure ongoing financial strength.
Partner with Treasury and Finance leaders to optimize balance sheet performance while maintaining prudent risk levels.
Coordinate with Finance on delinquency & loss forecasting, stress testing, and loan loss reserving and provisioning requirements. Provide oversight over the Allowance process and Quantitative Risk Factors.
Provide guidance, partner and deploy sophisticated credit risk models, tools & strategies
Monitor portfolio performance, concentration risks, delinquency trends, charge-offs, and loss forecasting.
Lead oversight of interest rate risk, liquidity risk, and balance sheet management activities.
Provide oversight of investment portfolio risks, including market, concentration, and counterparty risk.
Ensure effective monitoring and reporting of investment risk exposures.
Evaluate impacts of economic conditions and market volatility on organizational performance.
Ensure robust governance practices and escalation protocols across financial risk domains.
Lead financial risk assessments related to new products, services, acquisitions, and strategic initiatives.
Monitor emerging regulatory expectations and implement required changes.
Maintain risk dashboards and executive reporting packages.
Act as a liaison for all internal, external, regulatory, and accounting audits. Corrects and addresses findings in a manner that limits recurrence and promotes adherence to policies and regulations. Implement initiatives (e.g., control programs such as self-assessment, quality assurance, application audits, etc.) to ensure consistency and compliance with credit policies and any requirements set out by regulators.
Strategic thinking and enterprise-wide perspective
Executive presence and influence
Financial risk measurement methodologies
Risk analytics and quantitative modeling
Strong understanding of financial institution operations
Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures.

Qualifications

Bachelor's degree in Finance, Accounting, Economics, Risk Management, Business Administration, or related field required.
Master's degree (MBA, MS Finance, Economics, or related discipline) preferred.
10+ years of progressive experience in financial risk management, banking, credit union, treasury, finance, or enterprise risk management.
5+ years of leadership experience managing risk professionals and programs.
Significant experience with: Credit Risk Management, Asset Liability Management (ALM), Interest Rate Risk (IRR), Liquidity Risk, Capital Planning, Stress Testing, Regulatory Examinations, Enterprise Risk Management Frameworks.
Technical Expertise: Proven experience with financial modeling software, risk management systems, and programming (e.g., VBA, SQL, or MatLab). Knowledge of SAP and SUMMIT is a plus.

Physical Activities/Requirements

This position is based out of the Dublin HQ office.

Target Base Pay

$240,000-$250,000

Compensation at Patelco

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.

We Offer

Physical Health: