VP of Risk

Vibe Credit Union; Novi (MI); On-site; USD 130,000 - 210,000; Full time

Job summary

Vibe Credit Union seeks an experienced risk leader to oversee enterprise risk management, regulatory compliance, and governance across the organization. You will manage strategies, vendor oversight, and legal guidance in collaboration with the CFO and senior leadership.

The role requires strong analytical ability, cross-functional leadership, and a track record of shaping effective risk programs in financial institutions. Travel may be required as part of vendor and regulatory engagements.

Qualifications

• Experience establishing compliance governance and oversight functions.
• 5–10 years risk management experience at a financial institution.
• 5+ years leading a team.
• Juris Doctor Degree preferred.

Responsibilities

• Develops and manages Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks.
• Maintains oversight of vendor management program.
• Collaborate with Chief Financial Officer to create and implement 5-year “legal” strategic plan.
• Review, revise, and collaborate with team members to negotiate contracts and governance documents as requested by the CFO.
• Performs research and provides legal advice in support of compliance initiatives, regulatory matters, BSA/AML, and other legal guidance.
• Assesses risk potential of controls, activities, policies, and procedures to mitigate risk and loss.
• Participate in the development and oversight of policies, principles and standards.
• Ensure annual team member training in regulatory requirements is conducted.
• Serve as BSA Officer and oversee program throughout the enterprise.
• Administer Fair Lending, SAFE Act, and FCRA programs.
• Demonstrate teamwork, integrity, and leadership.
• Review processes for adherence to risk appetite.

Skills

Strong analytical skills

Written and verbal communication

Cross-functional collaboration

Leadership

Mentoring team members

Willingness to travel

Education

Juris Doctor Degree preferred

Job description

At Vibe, we are driven by our mission to elevate community and create opportunity. We believe in fostering an environment of inclusivity where every team member has the chance to grow professionally. Guided by our core values – be inclusive, educate, embrace change, and seek opportunities – we are dedicated to making a positive impact in the lives of our members and communities. As we continue to grow and expand our team, we are seeking enthusiastic individuals who share our vision and are eager to join us in our journey. If you are enthusiastic about making a difference and are committed to creating a brighter future for our communities, we invite you to explore this exciting opportunity at Vibe!

Position Purpose:

This position will be responsible for overseeing a wide variety of team members and processes that all address some aspect of risk to the Credit Union. These areas include compliance and regulation including oversight and implementation, vendor management, legal risks, fraud and quality assurance reviews of new loan and account openings, as well as monitoring the integrity of member data change process.

• Develops and manages Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks.
• Maintains oversight of vendor management program
• Collaborate with Chief Financial Officer to create and implement 5-year “legal” strategic plan.
• Review, revise, and collaborate with team members in-order to negotiate contracts and/or other corporate policies and governance documents as requested by Chief Financial Officer
• Perform research and provides legal advice in support of compliance initiatives, regulatory compliance matters, BSA/AML, and/or other legal guidance impacting the organization and requested by the Chief Financial Officer.
• Assesses the risk potential of controls, activities, policies, and procedures, and aids in developing new practices and procedures to mitigate undue risk and loss to the credit union.
• Participate in the perpetual development and oversight of policies, principles and standards
• Ensure annual team member training in regulatory requirements is conducted
• Serve as BSA Officer and responsible for oversight of program throughout the enterprise
• Administer Fair Lending program including SAFE Act and FCRA
• Displays teamwork, integrity, and leadership
• Review business processes and procedures for adherence to defined risk appetite.

Education & Experience:

• Demonstrated hands-on experience in establishing and administering compliance governance and oversight functions as well as demonstrable knowledge of NCUA, Federal, and State regulatory laws pertaining to Credit Unions.
• 5-10 years previous risk management experience at a financial institution
• 5 years or more experience leading a team
• Juris Doctor Degree preferred

Skills & Abilities:

• Strong analytical skills, to analyze appropriate security controls
• Effective written and verbal communication skills
• Ability to interact cross functionally with all levels of personnel
• Ability to lead and guide team members towards department initiatives
• Ability to mentor team members in professional development
• Ability to travel

Physical Requirements:

These physical demands are representative of the physical requirements for an employee to successfully perform the essential functions of the position. Reasonable accommodation can be made to enable people with disabilities to perform the described essential functions of the position. While performing the responsibilities of the job, the team member is required to hear, see, talk, stand, walk, stoop, kneel, lift, push, pull and grasp.