AVP Enterprise Risk - Risk Reporting
YOUR LIFE'S MISSION: POSSIBLE You have goals, dreams, hobbies and things you're passionate about. What's Important to You Is Important to Us We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them-friends, family and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it. FORTUNE 100 Best Companies to Work For(R) Computerworld(R) Best Places to Work in IT FORTUNE(R) Best Workplaces for Millennials Forbes(R) America's Best Employers IND123 Basic Purpose Lead all risk reporting activities for Enterprise Risk Management (a team within NFCU's second line of defense Enterprise Risk division). Working with the VP-ERM, oversee the planning, development, implementation and oversight of a comprehensive risk reporting framework for ERM activities. Initial focus will be on operational risk-related reporting, but will also include other risk domains, risk appetite and KRI/KPI development and reporting, and other reporting needs commensurate with the growth of Enterprise Risk and the organization. Develop appropriate methodologies, policies/procedures, documentation and communication plans to ensure activities become embedded in NFCU risk culture and are managed consistently across business units. Promote operational efficiency and service excellence to internal business partners and key stakeholders and support the focus on industry "best practices" and continual improvement of NFCU's risk management capabilities. Oversee the activities of a team of analysts and provide opportunities for professional growth and development. Ensure ongoing focus on executing Enterprise Risk's overall strategy. Responsibilities: Oversee the development of comprehensive and cohesive operational risk reporting from a second line of defense perspective. Review and rationalize existing reporting frameworks (including, but not limited to, annual Qualitative Risk Assessment, Risk Register, Event Reporting and Issues Management) to drive improved operating efficiency, accuracy and consistency. Ensure products are timely and high-quality. Provide thought leadership to define new reporting needs/enhance existing reports, and manage development, launch and evolution of related work products. Work closely with GRC team to ensure GRC platform (currently in development) is configured to enable deep, robust reporting and insights into the enterprise's risk profile. Liaise with other ERM teams (RCSA, other in various phases of development) to improve existing reporting and establish optimal approaches for future needs. Partner with SVP Enterprise Risk and VP Enterprise Risk to enhance NFCU's risk appetite statement. Lead development of an appropriately robust suite of enterprise-wide KRIs/KPIs; develop and oversee process for monthly tracking and reporting, including business unit analysis of drivers of breaches/triggers and mitigation plans to address limit breaches/watchlists. Develop and implement strong relationships with business unit risk offices, management and staff. Collaborate with key stakeholders at all levels across NFCU to support organization risk identification and mitigation plans via strong reporting. Develop and implement effective verbal and written risk reporting communication protocols across the organization. Manage monthly and quarterly reporting requirements for management-level committees and Board reporting and regulatory requests. Work with the SVP-Enterprise Risk to enhance and drive more standardized committee risk reporting. Ensure work efforts align with strategic business initiatives and industry trends to achieve business and quality objectives. Stay abreast of new and developing risk trends, regulatory expectations and best practices. Measure and evaluate the success of work products to determine their effectiveness and to ensure team adherence to the risk framework requirements, internal policies, and best practices. Partner with relevant stakeholders to ensure reporting systems/technology can address current and prospective needs; recommend and implement enhancements/upgrades as needed. As needed, represent ERM as liaison and spokesperson regarding risk and quality initiatives. Ensure reporting activities support optimal internal/external exam/audit preparedness. Supervisory/managerial responsibilities: o Oversee and direct a staff of 2-4 analysts; oversee daily team activities to drive timely, high-quality products; foster talent development/succession planning. o Set team direction to ensure goals and objectives align with team and division strategy. o Collaborate with leadership/executive colleagues to develop/execute corporate initiatives and/or department strategy. o Contribute to the preparation of department/division AFP. o Provide input to merit pay assessments in accordance with specified objectives and guidelines. Perform other duties as assigned Qualifications and Education Requirements: Bachelor's Degree in Business Administration, Finance, or other quantitatively-focused field (eg. Accounting, Statistics, Economics), or the equivalent combination of education, training, and/or experience. 10+ years of experience at a large, complex financial institution, focusing on one or more of the following areas: first or second line of defense risk management (with significant experience in operational risk), internal audit, data analysis, risk reporting, GRC system implementation. Significant experience using relational database systems and business intelligence reporting tools to support risk reporting needs, and developing and enhancing risk reporting frameworks. Thorough understanding of enterprise risk frameworks, risk assessment methodologies, risk governance, risk appetite statements, KRI/KPI development and reporting expectations. Demonstrated leadership skills and the ability to guide others and prioritize multiple responsibilities to achieve results in a matrixed, time-sensitive office environment. Exceptional problem solving and decision-making skills; the ability to work independently, exercise sound judgment and display a high degree of initiative; and manage multiple priorities effectively. Extensive experience managing multi-dimensional teams and projects, and planning, motivating, and managing the work of participants. Highly effective interpersonal, communication and presentation skills, including the ability to persuade and influence management decisions, interact effectively with all levels of staff, and communicate complex information in an easily understandable manner. Excellent organizational, planning, and time management skills. Solid knowledge of NCUA and/or OCC regulations and regulatory expectations. Desired Qualifications and Education Requirements: Desired - Knowledge of Navy Federal's functions, philosophy, products, and services. Desired - Masters degree in a quantitatively-focused field. Hours: Monday - Friday, 8:00AM - 4:30PM Location: 820 Follin Lane, Vienna VA 22180 Due to COVID-19 and social distancing, this position will be temporarily working from home with plans to return to campus at the desired location listed once Navy Federal is Equal Employment Opportunity Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability COVID-19 Vaccine Information As a COVID-19 safety measure, our employees must either provide proof of COVID-19 vaccination or follow additional safety protocols, including testing. Disclaimer Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Bank Secrecy Act Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.