A US credit union is seeking a VP Financial and Strategic Risk Management to join its team.
Location: Hybrid — Hybrid – New York NY
This is a senior second line risk leadership role responsible for overseeing financial and strategic risks, providing independent challenge and enterprise wide insights across key risk disciplines. The successful candidate will leverage deep experience within a $10B+ bank or credit union environment to align risk oversight with business objectives, regulatory expectations, and risk appetite, while translating complex risk exposures into actionable insights for executive leadership and the Board.
Enterprise Risk Leadership
- Regardless of seniority or role, uphold the organization’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of service excellence behaviors.
- Lead financial and strategic risk management frameworks, partner with the CRO to advance ERM strategy, and provide independent risk insights that support executive decision making.
Financial Risk Oversight
- Provide second line oversight of key financial risks, including capital, liquidity, interest rate, credit, and funding risks, while overseeing KRIs and risk metrics to ensure alignment with risk appetite, consistent reporting, and timely escalation of threshold breaches.
- Monitor macroeconomic trends and assess the interdependencies of financial, strategic, and operational risks to evaluate their impact on the enterprise risk profile.
- Oversee the Insurance Risk Management Program, ensuring coverage strategies, limits, and carrier relationships align with the credit union’s risk profile and capital protection objectives.
Enterprise Stress Testing and Scenario Analysis
- Provide second line oversight of enterprise stress testing and scenario analysis, including scenario design, severity calibration, and key assumptions.
- Review stress testing results to assess impacts on capital, liquidity, earnings, and strategic resilience, ensuring outputs inform risk appetite monitoring, contingency planning, and strategic decision making.
Strategic Risk Oversight
- Oversee and independently challenge strategic risks arising from business initiatives, growth plans, funding strategies, external dependencies, and changing market conditions, ensuring risks are identified early and incorporated into decision making.
- Evaluate the risk implications of strategic initiatives, including new products, market changes, and balance sheet growth, ensuring strategic risks are incorporated into enterprise risk assessments, dashboards, and Board reporting.
Risk Appetite and Threshold Governance
- Support the CRO in the design, enhancement, and implementation of the financial and strategic risk appetite framework.
- Ensure risk appetite statements are supported by clearly defined KRIs, limits, measurable thresholds, and escalation protocols, while independently challenging first line activities to confirm alignment between risk appetite and organizational strategy.
Compensation: $200000 – $225000 annual