Manager - Risk Management - Hybrid - Sacramento, CA
Company: Golden 1 Talent Acquisition Team
Location: Sacramento
Posted on: May 6, 2024
Job Description:
8945 Cal Center Dr, Sacramento, CA 95826, USA Req #5030 Friday,
April 12, 2024 PAY SCALE: $119,300.00 - $140,000.00 Annually
GENERAL DESCRIPTION: The Manager, Risk Management is responsible
for utilizing the Credit Union's risk management framework to
identify, assess, monitor and help mitigate the financial,
reputational, regulatory and operational risks (among others)
associated within Golden 1's operations, products and services. The
Manager, Risk Management plays an instrumental role in the
oversight of the Credit Union's operational risk. Work with various
internal stakeholders, including operations, technology, product,
finance, human resources, compliance and legal to identify and
assess enterprise risks and implement controls and processes as
well as monitor ongoing risks and mitigation efforts. Shape,
implement, and facilitate various risk management tools, practices,
and policies used to analyze and report enterprise risks, and to
manage risks in alignment with an enterprise risk management
framework. Provides key inputs into the company's risk management
or other committees that oversee key risk management processes and
ensures alignment with organizational objectives. Lead a team of
risk management specialists and manage the execution of established
risk management processes (i.e., risk and control assessments,
KRIs/KPIs reporting, etc.) including the people, processes, and
infrastructure. TASKS, DUTIES, FUNCTIONS:
- Responsible for the leadership, innovation, governance, and
management necessary to identify, evaluate, mitigate, and monitor
Golden 1's operational risk in accordance with the established risk
management framework.
- Assist the VP/Enterprise Risk Officer in the development of an
enterprise risk management roadmap strategy for organizational
growth.
- Develop risk management tools, practices, and policies to
analyze and report enterprise risks, and to manage risks according
to an enterprise risk management framework.
- Develop and implement strategies, methods and annual plans
related to operational risk management within the organization,
including risk and control assessments, key risk, and performance
measurement data, along with monitoring and mitigation management
strategies.
- Manage the risk and control self-assessment (RCSA) program and
cycle. Perform root cause analysis, assess risks, document
incidents, and provide recommendations for resolution.
- Manage the new product/service risk assessment process to
ensure risks associated with new activities are effectively
measured, monitored, and controlled.
- Oversee issues management processes and reporting for
operational risk issues identified through operational risk methods
(i.e., RCSAs, process risk assessments, etc.).
- Facilitate development of business or process risk assessments,
in conjunction with the business unit owners, as needed. Supports
business unit risk identification, assessment, and reporting.
- Collaborate with internal business partners to identify, mature
and track business and corporate area specific quantitative and
qualitative key risk and performance indicators.
- Oversee the reporting of event-driven operational loss data and
in performing root cause analysis to recommend process and control
improvements to prevent risk events and losses from occurring in
the future.
- Provide ERM advisory services, education and training to
leaders and business units across the organization. Independently
facilitate or lead stakeholder meetings and management briefings on
relevant issues, risks or trends, associated with enterprise-level
risks.
- Tactfully yet assertively challenge assumptions and
perspectives on risk throughout the organization. Recommend
improvements to policies, procedures, and practices to reduce
costs, improve internal controls and/or drive efficiencies.
- Engage with leadership and provide detailed insights into areas
of risk for the organization.
- Coordinate with credit union leadership to maintain risk
assessments, operational loss events, issues and other relevant
risk information for management reporting and record keeping.
- Provide key inputs to risk committee materials, including
creating and updating risk management reports and presentations on
the evaluation of program effectiveness, level and direction of
risks, key and emerging risks, and status of previously identified
risk and control issues.
- Develop standardized reporting to enable continuous monitoring
against enterprise risk management goals. Identify and implement
improvements which support the overall maturity and growth of the
program. Prepare executive presentations.
- Build productive partnerships and trust with cross-functional
subject matter experts (e.g., Legal, Compliance, Information
Technology, Information Security, and Finance, among others),
leadership and business functions across the enterprise.
- Manage a team of individual contributors, including balance
workloads, monitor timeliness of deliverables, and manage
efficiency of the department and staff.
- Foster an environment where team members can grow in relevant
knowledge and experience.
- Recruit and develop talent; manage an organization that keeps
resources productively engaged in moving the business forward.
- Maintain an ever-growing knowledge of ERM, operational risk and
industry trends, best practices and techniques that can be
practically applied at Golden 1. Partners with external agencies
and peer companies to coordinate information exchange and leverage
best practices for ERM.
- Perform other duties as required to support Enterprise Risk
Management and the business, such as developing ad-hoc analysis,
performing deep dive investigations, or driving specific risk
initiatives.
- Maintain a thorough understanding of state and federal laws and
regulations related to credit union compliance including bank
secrecy and anti-money laundering laws appropriate to the
position.
- Develop and maintain an understanding of the pertinent
regulatory requirements and risks inherent to job responsibilities,
establish, and maintain control activities that mitigate those
risks consistent with the Credit Union's risk appetite, and ensure
operational integrity and compliance with applicable regulations.
PHYSICAL SKILLS, ABILITIES, AND EXERTION UTILIZED IN THE
PERFORMANCE OF THESE TASKS:
- Effective oral and written communication skills required to
interact with credit union staff, management, and all member
channels.
- Must possess sufficient manual dexterity to skillfully operate
an on-line computer terminal and other standard office equipment,
such as financial calculators, personal computer, facsimile machine
and telephone. ORGANIZATIONAL CONTACTS & RELATIONSHIPS:
- INTERNAL: All levels of staff and management.
- EXTERNAL: Volunteers, external auditors, professional and
community organizations and others, as needed. QUALIFICATIONS:
- EDUCATION: Bachelor's or Master's degree in business, finance,
accounting, risk management, or a related discipline.
- EXPERIENCE: Minimum of 7 years of enterprise and/or operational
risk management or internal audit experience in a financial
institution, with at least 3 years direct supervisory or management
level experience, is required. Experience designing and
implementing risk management programs or processes is
preferred.
- KNOWLEDGE/SKILLS:
- Demonstrated/strong knowledge of risk management programs,
practices, and processes inclusive of risk identification,
analysis, mitigation/control, communication, monitoring, reporting
and escalation.
- Operational Risk Management experience and demonstrated
knowledge of ORM concepts and practices (i.e., process mapping,
risk identification, assessment of control environments, risk
monitoring and measurements) and understanding of the relevant
operational risk types/sub-types, is preferred.
- Strong leadership skills and ability to organize and motivate
others.
- Demonstrated experience with regulatory agencies, requirements,
and/or regulatory compliance.
- Strong analytical, problem-solving and workflow analysis
skills, including demonstrated ability to quickly synthesize
information from various sources, identifying key points and
issues.
- Ability to apply judgment around risk management and control
frameworks and industry best practices and make sound risk/reward
decisions using a balance of data, logic and intuition to inform
critical business strategies and processes.
- Proven strong interpersonal and customer service skills;
ability to negotiate, influence, and build collaborative,
cross-organization relationships, even in difficult
situations.
- Excellent communication (verbal, written and presentation)
skills, including ability to convey complex situations and
relationships concisely to management and executive level
audiences.
- Strong organizational skills, with a high degree of initiative
and ability to self-start and self-prioritize assignments and make
timely and effective decisions.
- Strong process facilitation, process management and improvement
skills; ability to independently and effectively handle multiple
priorities and deliver a quality result within tight
deadlines.
- Highly proficient in Microsoft Office (Word, Excel, Visio,
Outlook, PowerPoint).
- Solid work ethic and able to work effectively both
independently and in a team. PHYSICAL REQUIREMENTS:
- Prolonged sitting throughout the workday with occasional
mobility required.
- Corrected vision within the normal range.
- Hearing within normal range. A device to enhance hearing will
be provided if needed.
- Ability to lift 15 lbs. as may be required.
- Occasional movements throughout the department daily to
interact with staff, accomplish tasks, etc.
- Unusually long or inconsistent hours may be required to
accomplish tasks.
- Travel may be needed to accomplish tasks. Overnight travel is
sometimes necessary. Occasional weekend and evening schedules
required. LICENSES/CERTIFICATIONS: Relevant risk management
certifications or credentials beneficial.
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Keywords: Golden 1 Talent Acquisition Team, Concord , Manager - Risk Management - Hybrid - Sacramento, CA, Executive , Sacramento, California
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