SVP, Enterprise Risk Management

Folsom, CA, United States

Salary Range: $215,900.00 - $287,850.00 Exact compensation may vary based on skill, experience and location. POSITION PURPOSE As a member of the senior executive team, the SVP, ERM is responsible for leading, promoting, and evolving the organization’s key ERM functions from both a strategic and operational vantage point. Oversees the functions under the ERM umbrella including: Corporate Compliance & Governance, Information Assurance, Business Continuity, Vendor Management, Loss Prevention, Retail Quality Assurance, and Legal Administration. Additionally, this role will continue developing, maturing, and executing the organization’s ERM Program, including the compilation, assessment, and reporting of significant risks through a standard enterprise risk management framework. This position will provide leadership and guidance to teams across the enterprise for risk management-related matters. This position will be expected to work closely with all aspects of the organization’s operational and executive leadership to identify, assess and mitigate the high priority risks of the organization. The position is expected to exhibit a high degree of credibility and influence on risk related matters, as well as ensure risk management is aligned with and part of SAFE’s strategic planning efforts. SUPERVISORY RESPONSIBILITIES Directly oversees the department’s employees. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; performance management; rewarding and recognizing employees; addressing complaints and resolving problems. ESSENTIAL FUNCTIONS AND BASIC DUTIES ERM Program Define, implement, and maintain a standardized enterprise risk management framework; ensure alignment with the organization’s strategic plan.

Establish and update enterprise risk management policies and corporate governance structure.

Coordinate enterprise risk identification and assessments, including facilitating risk assessment sessions with business units and developing and maintaining a risk database.

Work with executive leadership to establish and maintain board-approved risk appetites.

Function as a liaison between departments across SAFE to identify, update, and report key risk indicators (KRIs) for various risk categories.

Develop quarterly ERM reporting for executive management and the Board of Directors.

Provide leadership, management, and guidance to organizational leadership over risk exposures to the company; drive workable action plans to ensure that critical business risk exposures are mitigated in a proactive manner.

Corporate Compliance & Governance Oversee the organization’s corporate compliance activities, including maintaining robust but efficient policies and procedures to manage and mitigate regulatory and consumer protection risks.

Conduct periodic risk assessments and oversee the development and maintenance of an effective compliance management program that aligns with SAFE’s risk appetites and strategic plan.

Collaborate with and provide administrative support for Board governance activities, including Board Policy Committee, member annual meetings, director and officer elections.

Ensure an effective Bank Secrecy Act (BSA) compliance program, including the development and maintenance of AML, OFAC, and CIP policies/procedures.

Coordinate with and provide guidance to senior leadership on regulatory and compliance matters

Collaborate with the business and assist in the development and evolution of a centralized complaint management system.

Loss Prevention & Quality Assurance Loss Prevention Oversees SAFE’s fraud prevention program, ensuring the implementation of effective controls to mitigate fraud risk and prevent losses across all categories of external fraud.

Stays informed of emerging fraud schemes in the banking industry, consistently identifying trends and adapting the loss prevention program accordingly to address new and existing threats.

Ensures the dissemination of relevant information and reporting to enhance awareness and understanding of fraud. Directs the implementation of targeted training programs aimed at equipping stakeholders with the necessary knowledge and skills to prevent fraud losses.

Retail Quality Assurance Ensures that SAFE’s Quality Assurance program provides a comprehensive and transparent view of retail operational performance. This includes periodically reviewing the program to evaluate and update the review areas based on risk and ensuring that the reporting serves the needs of all relevant stakeholders.

Risk & Assurance Vendor Risk Management Oversee SAFE’s vendor risk management program, including the Vendor Risk Committee (VRC), ensuring comprehensive oversight and consistent application of the vendor risk management framework across all vendor relationships.

Continually assess and improve the effectiveness of the vendor risk management program, incorporating feedback and adapting to new challenges and industry developments.

Business Continuity Planning Provide strategic direction, policy, and oversight for SAFE’s business continuity program, ensuring robust and effective planning and testing across the organization.

Oversee the development, execution, and ongoing maintenance of a roadmap for the business continuity program, assessing and reporting on its maturity and progress towards defined goals.

Lead initiatives to raise awareness and educate business partners on business continuity and crisis management.

Evaluate and continuously improve the business continuity framework, identifying and implementing enhancement opportunities.

Information Assurance Oversee the effectiveness of SAFE’s Information Security Program including the incident response program, the information security awareness and training program, and report conclusions to the Board Technology Committee on an annual basis.

Identify and assess information security risks, and monitor whether those risks are being mitigated effectively and continually.

Oversees information security reviews and assessments performed by external parties.

Convey results of information security reviews and assessments to senior leadership.

Legal & Corporate Insurance Oversee the handling and disposition of legal claims, including litigation, mediation, and arbitration activities, including providing guidance/recommendations to senior executives and working directly with outside legal counsel.

Collaborate with senior leadership, outside counsel, regulatory agencies, and corporate insurance carriers, to address and ensure legal claims are matters properly and timely responded to and risks are mitigated.

Track and periodically report the status and potential impact of legal claims and risks to senior executives and the Board.

Oversee corporate insurance policy coverages, the annual renew process, carrier selection process, and board participation and approval process.

Facilitate claims management activities, including the selection and coordination with counsel and insurance carriers.

QUALIFICATIONS Education/Experience: Bachelor’s degree in Business, Finance, Risk Management, or a related field required and advance degree desired in Finance, Accounting and/or Risk Management related field; minimum 10 years of combined experience in enterprise risk management, compliance, legal, operational risk management, information security, business continuity planning, vendor risk management, and/or auditing in the financial services industry with progressive responsibility, with at least five years of executive-level management experience. Candidates with solid banking operational, compliance, financial, economic, and external risk experience preferred. Direct experience in creating, implementing, and managing successful Enterprise Risk Management framework required. Public accounting or ERM consulting experience preferred. Certification: CERM or CPA preferred

Enterprise risk management designation required

Other widely recognized risk management certifications in Financial Services industry preferred

Required Knowledge: Well-versed in ERM principles, internal control systems, vendor management best practices, information assurance principles, and risk modeling methodologies.

Knowledgeable in all major areas of banking operations, and of laws and regulations pertaining to credit unions and general banking industry.

Skills/Abilities: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Executive-level leadership; ability to lead and influence peers through challenging and complex recommendations and decisions

Excellent oral and written communication skills

Strategic thinker

Ability to manage and lead multiple functions simultaneously

Team player with ability to instill change while inciting enthusiasm and cooperation among team

Analytical and detail-oriented

Ability to drive initiatives to completion through direct and indirect reports

WORK ENVIRONMENT/PHYSICAL DEMANDS SUMMARY LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

Ability to comprehend and author procedures, reports, and business correspondence.

Ability to effectively present information and respond to questions from groups of managers, peers, vendors, and the general public.

MATHEMATICAL SKILLS AND REASONING ABILITY Ability to work with mathematical concepts such as probability and statistical inference.

Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS AND WORK ENVIRONMENT The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to sit and talk or hear, and use hands to finger, handle, or feel objects, tools, or controls.

The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 10 pounds.

Specific vision abilities required by this job include close vision.

The noise level in the work environment is usually moderate.

INTENT AND FUNCTION OF JOB DESCRIPTIONS This is not necessarily an all-inclusive list of job-related responsibilities, duties, skills, efforts, requirements or working conditions. All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned. In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization. Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.

#J-18808-Ljbffr