Assistant Manager, Real Estate Lending Risk Management

$109,400 - $183,800/Yr

Navy Federal Credit Union - Vienna, VA

Full-time - Mid Level

Vienna, VA

Credit Intermediation and Related Activities

About the position

The Assistant Manager, Real Estate Lending Risk Management position at Navy Federal Credit Union involves assisting with the management, planning, and oversight of first-line technology risk management functions for the Real Estate Lending (REL) Division. The primary goal is to ensure the overall effectiveness of risk and compliance management programs, risk analytics, and operations. The role requires planning, developing, and implementing technology operational risk frameworks, methodologies, policies, standards, and procedures to ensure effective quality control and audit procedures. The Assistant Manager will ensure that operational risk programs align with strategic business initiatives, achieve business and quality objectives, mitigate risk, and enhance operating procedures. This position promotes operational efficiency and service excellence through appropriate risk controls, process improvements, and training. In this role, the Assistant Manager will establish Risk and Control Self-Assessments (RCSAs) and Controls Testing to evaluate control effectiveness, identify control failures, and facilitate risk and compliance remediation. The position requires collaboration with various departments, including the Office of General Counsel, Regulatory Compliance, Enterprise Risk Management, and others, to support risk and compliance-based initiatives. The Assistant Manager will also manage the identification and remediation of control deficiencies, develop solutions to strengthen controls, and oversee corrective actions to aid management decisions. Additionally, the role involves measuring and evaluating the success of risk programs to ensure adherence to risk framework requirements, internal policies, and best practices. The Assistant Manager will stay abreast of regulatory compliance standards, new and developing risk trends, and best practices, providing feedback to ensure training compliance with all applicable statutory requirements and Navy Federal policies. The position contributes to a culture of collaboration by actively working across business lines and sharing knowledge, ultimately aiming to enhance the risk management framework within the organization.

Responsibilities

• Establish Risk and Control Self-Assessments (RCSAs) and Controls Testing to evaluate control effectiveness.
• Develop and implement tools, methods, and programs to identify and mitigate technology operational and regulatory risks.
• Manage and partner on efforts to identify and develop innovative, creative, and strategic initiatives for process improvements.
• Collaborate with the Office of General Counsel, 2nd Line Regulatory Compliance, Enterprise Risk Management, Lending, Information Security, and other NFCU Business Units to support risk and compliance-based initiatives.
• Manage the identification and remediation of control deficiencies, develop solutions to strengthen controls, and oversee corrective actions.
• Evaluate the adequacy of corrective action taken on past reviews and report on the status of approved recommendations.
• Measure and evaluate the success of risk programs to determine their effectiveness and ensure adherence to risk framework requirements.
• Stay abreast of regulatory compliance standards, new and developing risk trends and best practices.
• Provide feedback to ensure training is in full compliance with all applicable statutory requirements and Navy Federal policies.
• Contribute to a culture of collaboration by actively working across business lines and sharing knowledge.

Requirements

• Advanced knowledge of technology operational and regulatory risks and controls.
• Experience in risk assessment methodology and systems.
• Experience in managing audits working with internal audit and external examiners.
• Advanced knowledge of, and proficiency in, data analysis, reporting, and operations research.
• Considerable experience managing multi-dimensional teams and projects.
• Experience in managing risk and/or compliance related activities in financial services or other relevant industry.
• Advanced knowledge of applicable federal and state laws, rules, and regulations.
• Advanced knowledge of mortgage/banking/financial industry trends, products, and services.
• Experience demonstrating thought-leadership, initiative-taking, decision making and creativity in solving business problems.
• Experience leading and managing an analytics and risk operation, preferably in a large financial institution.

Nice-to-haves

• Working knowledge of NCUA and FFIEC regulations, COSO, COBIT, NIST, and other risk frameworks.
• Knowledge of Navy Federal's functions, philosophy, products, and services.
• Risk Management or Regulatory Compliance Certification such as CISA, CRISC, CISM, ICBBR, FRM, or NCCO.

Benefits

• Competitive salary range of $109,400 - $183,800 a year.
• Comprehensive health insurance coverage.
• 401(k) retirement savings plan with matching contributions.
• Paid time off and holidays.
• Opportunities for professional development and training.
• Flexible scheduling options.