Job Details
Description
Our goal is to be an Employer of Choice, and it takes all of us to achieve this. That's why all Commonwealth Credit Union team members are expected to live our Team 1 culture in all facets of their position. This includes our commitment to Diversity, Equity, Inclusion, Accessibility, and Belonging.
At Commonwealth Credit union, we are united in our Common Purpose to Better Lives through OUR PASSION to Serve. This includes everyone, from our team members to the people in the communities we serve. That’s the emphasis of our Team 1 Culture. Together Everyone Achieves More. We believe We Better Lives when we cultivate diversity, promote equity, foster inclusion, are intentional about accessibility, and provide an environment where everyone feels like they belong. That’s an Extraordinary Experience. That’s Bettering Lives. That’s Team 1.
The Vice President of Risk serves as the risk control officer to the Credit Union. The VP directs the organization on corporate risk issues, enterprise risk control activities, fraud and loss prevention, disaster recovery/business continuity, member solutions/collections and regulatory compliance.
The VP of Risk provides support on strategic matters and initiatives, monitors regulatory developments impacting the financial services industry, and ensures compliance in all areas of the Credit Union’s operation. The VP organizes, attends and participates in meetings where risk management is critical to planning and decision-making.
The duties and responsibilities of the
VP of Risk include, but are not limited to:
- Providing oversight of the Credit Union's member solutions/collections program, ensuring it is effectively managed and monitored.
- Managing the Director of Risk Management and the Enterprise Risk Manager to effectively manage the Credit Union's regulatory and compliance activities.
- Serving as the primary risk advisor to Credit Union management and Board of Directors.
- Providing effective management and support of the Credit Union's disaster recovery and business continuity plans.
- Overseeing the development and implementation of fraud prevention programs by reviewing reports, comprehensive analysis, and risk assessments.
- Promoting good member relations by assuring that problems are resolved promptly and efficiently.