Director, Enterprise Risk (Strategic Risk, Risk Appetite, and Risk Reporting)

Navy Federal Credit Union - Winchester, VA

Full-time - Mid Level

Winchester, VA

Credit Intermediation and Related Activities

About the position

The position involves leading a Second Line of Defense team to develop and implement enterprise risk management practices across the organization. The role focuses on enhancing risk governance, reporting, and aligning risk management processes with corporate strategy. The individual will partner with various business units to drive operational and strategic improvements in risk management, while also managing risk evaluations and assessments of business products and services.

Responsibilities

• Develop enterprise risk management (ERM) methodologies and framework to drive consistency in analyzing, reporting, and governing enterprise risks
• Contribute to development and evolution of Navy Federal's risk appetite framework, including KRI reporting and governance
• Provide guidance and support as a subject matter expert: assist business units with developing organizational capabilities and increasing value through effective risk management
• Partner with business and support areas to ensure risk management processes are effective and representative of best practices
• Use analytical skills to conduct risk identification and reporting, design & drive process excellence and optimization efforts to mature the risk identification program
• Develop processes to analyze, document and monitor risk decisions for products and services and ensure thorough consideration of risk and value in accordance with risk appetite
• Create and prepare status reports on key risk related initiatives and risk assessment summaries and action plans for presentation to senior executives, board sub-committees and regulators
• Serve on teams and task groups for key risk initiatives across the organization
• Lead and support development of enterprise-wide training to drive awareness and a culture of effective risk management
• Manage and maintain inventory of significant risks and monitor associated action plans
• Provide materials for the Enterprise Risk Management Committee and other committees as needed
• Perform supervisory/managerial responsibilities
• Set direction to ensure goals and objectives align with corporate and division strategy
• Select key personnel; oversee talent development and ensure skilled staffing
• Develop, mentor, and counsel staff
• Establish performance goals and priorities
• Prepare, conduct, and review performance appraisals
• Contribute to Annual Financial Plan (AFP) process
• Ensure efficiency of operations
• Perform other duties as assigned

Requirements

• Expert knowledge of enterprise risk management
• Extensive experience analyzing risk data and incorporating industry inputs to develop risk themes
• Expert experience in developing and operationalizing enterprise-wide risk reports, Risk Appetite Statements, and Key Risk Indicators
• Extensive experience managing multiple priorities independently and/or in a team environment to achieve goals
• Extensive experience managing and leading professional employees, consultants, and contractors
• Advanced thought leadership providing vision and strategic thinking on decisions/issues
• Advanced knowledge and understanding of strategic elements involving financial, operational, technical, and regulatory environments
• Superior organizational, planning, and time management skills
• Strong skill influencing and building consensus with business partners
• Strong interpersonal, verbal, and written communication skills
• Advanced skill in constructive criticism, feedback, and solutions to drive desired performance and achieve goals
• Advanced analytical thinking skills to include summarizing information and clearly identifying key patterns, outcomes, and relationships of business processes and functions
• Advanced skill exercising initiative and using good judgment to make sound decisions
• Ability to adapt and use new technologies and advanced word processing, spreadsheet, and data querying skills
• Bachelor's degree in related field or the equivalent combination of experience, education, and training

Nice-to-haves

• Masters degree or other advanced degree in a related field, or the equivalent combination of training, education and experience
• Risk management or other similar certification
• Advanced knowledge of Navy Federal's functions, philosophy, operations, and organizational objectives
• Experience with credit union financials and/or NCUA regulations
• Experience assessing strategic risks of products, services, and enterprise strategies

Benefits

• Highly competitive pay
• Generous benefits and perks
• Recognition as one of the Best Companies for Latinos to Work for 2024
• Ranked in Computerworld® Best Places to Work in IT
• Listed in Forbes® 2024 America's Best Large Employers
• Recognized in Forbes® 2023 The Best Employers for New Grads
• Included in Fortune Best Workplaces for Millennials™ 2023
• Ranked in Fortune Best Workplaces for Women ™ 2023
• Listed in Fortune 100 Best Companies to Work For® 2024
• Recognized by Military Times 2023 Best for Vets Employers
• Awarded Newsweek Most Loved Workplaces
• Received Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Ranked in Yello and WayUp Top 100 Internship Programs