CREDIT RISK MANAGER jobs in Burlington, VT

This Position:

The Vice President of Compliance and Risk will play a critical role in leading and overseeing the risk management function, including Compliance, Internal Audit, Vendor Management, Physical Security and Enterprise Risk Management.  This position manages and directs a team to accomplish the goals as set forth for the Compliance and Risk department. The successful candidate will be responsible for developing and implementing risk management strategies to safeguard the financial integrity and reputation of the Credit Union.

Starting Salary: $110,000 - $120,000/year

We offer a wide variety of benefits to support the wellbeing of our employees including reasonable and steady work schedules with paid holidays. We are proud of our Values in Action program, wellness initiatives, growth/learning opportunities, 401k, and volunteerism pay program. We offer a generous benefits package, including health, dental, vision and more, for employees who work 24 hours per week!

Benefits Include:

• Paid time off in addition to paid federal holidays
• Comprehensive medical, dental, and vision benefits starting first of the month following hire date for employees who regularly work 24 hours a week
• Health Savings Account with discretionary quarterly employer contributions
• 401k match & additional discretionary contribution
• Opportunities for growth and ongoing learning
• 8 hours of volunteer time with an organization important to you

Who We Need:

We are looking for individuals who have strong communication, problem-solving, and organizational skills. Excellent writing/verbal communication and experience weighing regulations and customer service are ideal qualities to thrive in this role. 

Full-Time Schedule, 40 Hours Per Week Monday-Friday.  Ability to work a flexible schedule with occasional evening and weekend hours as needed. This position has the potential to work a hybrid schedule after an initial training period. Due to the requirements of this position, the initial training period may last anywhere from six (6) to eighteen (18) months.  Hybrid schedule must be approved and is granted on a case by case basis.

Essential Functions and Basic Responsibilities:

• This position manages and directs a team to accomplish the goals as set forth for the Compliance and Risk department.  Assist and coach employees and exercises authority of a manager concerning staffing, performance appraisal, and salary recommendations for the department. 
• Ensure the credit union’s operations comply with all relevant laws, regulations, and industry standards.  Develop and maintain a robust compliance program, including policies, procedures, and training initiatives for the Credit Union.  Stay abreast of regulatory changes and industry best practices to proactively address compliance challenges across the organization.  Act as the Credit Union’s BSA/AML & Compliance Officer and lead the Credit Union’s BSA Committee.
• Internal Audit Leadership: Oversee the internal audit function, ensuring that audits are conducted effectively and efficiently.  Collaborate with our internal audit firm to identify areas for improvement and implement corrective actions.  Provide guidance on risk mitigation strategies based on internal audit findings.
• Vendor Management: Refine and expand our current vendor management program to better assess, monitor, and manage third-party risks.  Ensure evaluation of vendor contracts, performance, and compliance with established standards.  Collaborate with business units to ensure the selection of reputable and reliable vendors.
• Enterprise Risk Management (ERM): Develop and maintain the Credit Union’s enterprise risk management framework.  Identify, assess, and prioritize strategic, operational, financial, and compliance risks.  Implement risk mitigation strategies and monitor the effectiveness of risk controls.  Maintain and enhance the Credit Union’s Business Continuity Program, serving as the champion for building resilient processes which could sustain a variety of disaster or emergency situations.  Work with executive management to ensure insurance coverage is sufficient to meet the needs of the Credit Union’s operations.  Work with business unit leaders to assess, deter, and prevent fraud from impacting the Credit Union.
• Physical Security: Oversee our physical security program.  This includes ensuring we are maintaining the integrity of our facility security alarm systems, building access, the integrity of access control programs, assisting branch teams in viewing video, conducting site safety and security evaluations, and correcting any safety issues found.
• Collaboration and Communication: Collaborate with cross-functional teams to integrate risk management into business processes and decision-making.  Provide regular updates to senior management and the Board of Directors on the status of risk management activities.  Foster a risk-aware culture by promoting communication and understanding of risk management across the organization.  Prepare presentations for the Board of Directors, executive management, and other stakeholders communicating the impact of risk management processes or areas which need further development or change.
• Regularly attend various compliance trainings offered by outside sources to maintain and improve knowledge and develop peer contacts.  Attend credit union training sessions and complete required training in a timely manner.  Attend and participate in other group or company training, meetings, or committees as required.
• Maintain a clean and well-organized work and contribute to the overall cleanliness of the HFCU properties.
• Perform miscellaneous requests, respond to email and phone inquiries, file, fax and mail information. Perform additional duties as necessary and assist other departments as needed.

Required Education and Job Competencies:

• A Bachelor’s degree with eight to ten years of proven leadership experience in risk management, compliance, internal audit, or related roles within the financial services industry.  Managing within the financial services industry preferred. 
• Strong understanding of operations, State and Federal regulatory requirements, and industry best practices within the financial industry preferred.  Excellent analytical problem-solving, and decision-making skills required.
• The ability to motivate and influence inside and outside senior level executives is a critical part of the job, requiring a significant level of influence and trust.  Obtaining, cooperation and agreement on important outcomes via frequently complex, senior level dialogue, as well as professional level of written and verbal communication skills are essential to the position with all levels of internal and external contacts.
• Thorough knowledge of applicable federal and state financial regulations.  Understanding of real estate law, loan procedures and documentation, and auditing.  Ability to understand and monitor compliance functions and responsibilities assigned within a credit union and the ability to stay current in the changing environment of compliance.
• Handle all information/documents in a confidential and secure manner.  Be aware of surroundings when working with Credit Union and member files and when speaking with others, both in person or over the phone, when discussing or gathering personal and confidential information.
• Excellent organizational, communication and business writing skills to exhibit professionalism and deal effectively with internal and external contacts.
• Conscientious, comfortable with detail, and the ability to be multi-tasked to coordinate and prioritize the workday efficiently.  Comfortable working under pressure, self-motivated and able to work in a team environment.
• Ability to successfully manage a team and work cooperatively with others to identify, recommend and implement opportunities for increased efficiency.

Working Conditions/Environment:

This position requires sitting for long periods of time and working primarily at a workstation or desk in an open office environment.  Daily tasks include extensive use of a computer performing standard keyboard functions, requiring repeated motion, as well as extensive use of the phone. Work additional hours as necessary to accomplish objectives, goals, and projects.  Stretching breaks are recommended to avoid injury. 

This Job Description is not a complete statement of all duties and responsibilities comprising this position. Heritage Family Credit Union reserves the right to revise or change the essential functions and employment standards as the need arises. This description does not constitute a written or implied contract of employment. E.O.E.