Navy Federal Credit Union - Winchester, VA
posted about 2 months ago
The position involves assisting with the management, planning, and oversight of line risk management functions specifically 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. This includes planning, developing, and implementing technology operational risk frameworks, methodologies, policies, standards, and procedures to ensure effective quality control and audit procedures. The role requires ensuring that operational risk programs align with strategic business initiatives, achieve business and quality objectives, mitigate risk, and enhance operating procedures. Additionally, the position promotes operational efficiency and service excellence through appropriate risk controls, process improvements, and training. Key responsibilities include establishing Risk and Control Self-Assessments (RCSAs) and Controls Testing to evaluate control effectiveness, identifying control failures, issues, and event management, and facilitating risk and compliance remediation. The role also involves managing and partnering on efforts to identify and develop innovative, creative, and strategic initiatives for process improvements to sustain and improve risk in REL. Collaboration with various departments such as the Office of General Counsel (OGC), 2nd Line Regulatory Compliance, Enterprise Risk Management (ERM), Lending, Information Security, and other NFCU Business Units is essential to support risk and compliance-based initiatives. Furthermore, the position requires managing the identification and remediation of control deficiencies, developing solutions to strengthen controls, and overseeing corrective actions to aid management decisions. The successful candidate will also measure and evaluate the success of risk programs to determine their effectiveness and ensure adherence to risk framework requirements, internal policies, and best practices. Staying abreast of regulatory compliance standards, new and developing risk trends, and best practices is crucial. The role includes providing feedback to ensure training is compliant with all applicable statutory requirements and Navy Federal policies, procedures, rules, regulations, and values. The position also requires acquiring and processing diverse information to develop effective recommendations and corrective actions for management actions and initiatives, contributing to a culture of collaboration by actively working across business lines and sharing knowledge.