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Director, Enterprise Risk (Strategic Risk, Risk Appetite, and Risk Reporting)
Job Description
Overview
Lead a Second Line of Defense team and act as a thought leader working across the enterprise to develop and implement enterprise risk management practices, components, and reporting. Partner with business units and second line risk functions to drive operational and strategic direction to improve overall enterprise risk management, risk governance, and reporting in accordance with risk management standards. Develop, implement, and manage enterprise risk management processes to enhance effectiveness and ensure alignment with key enterprise objectives and corporate strategy. Mature the existing Risk Appetite and Key Risk Indicators for the organization. Lead and manage the risk evaluation and assessment of business products and services. Act as a liaison with Navy Federal business units to manage and mitigate risk.
Talent Quest
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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
Qualifications
- 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
Desired Qualifications
- 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
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602 | 9999 Willow Creek Road San Diego, CA 92131 | 295 Bendix Rd Suite 250 Virginia Beach, VA 23452 | 11270 St Johns Industrial Parkway South Jacksonville, FL 32246 | 9001 Airport Freeway, 9th Floor Suite 925 North Richland Hills, TX 76180 | 4 Concourse Pkwy, Suite #100 Sandy Springs, GA 30328
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. * Best Companies for Latinos to Work for 2024* Computerworld Best Places to Work in IT* Forbes 2024 America's Best Large Employers* Forbes 2023 The Best Employers for New Grads* Fortune Best Workplaces for Millennials 2023* Fortune Best Workplaces for Women 2023* Fortune 100 Best Companies to Work For 2024* Military Times 2023 Best for Vets Employers* Newsweek Most Loved Workplaces * Ripplematch Campus Forward Award - Excellence in Early Career Hiring* Yello and WayUp Top 100 Internship ProgramsFrom Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.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 EOE/AA/M/F/Veteran/DisabilityHybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: 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. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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