Enterprise Risk Management Specialist

Duties and Responsibilities

• Develops plans to manage and mitigate risk
• Collaborates with all business and support departments to ensure effective risk identification, assessment, and mitigation
• Completes risk assessments to identify operational risk, emerging risk or any exposure related to compliance, governance or ineffective controls
• Identifies, measures, and assesses risk associated with third-party vendor relationships as needed
• Works with various departments (i.e., collections, accounting, plastic cards) in the timely identification, management and enforcement of procedures for at-risk accounts and ensures timely resolution of fraud incidents
• Affords assistance in fraud claim processing, case filings and works with authorities and credit union members as required
• Reviews and documents unusual activity related to wires, unauthorized activity and potential identity theft
• Affords assistance in handling outreach from members regarding fraud and identity theft, providing accurate and professional assistance
• Promotes a culture of risk awareness across the credit union
• Maintains and manages ERM document storage and compliance
• Provides clear, applicable, and accurate reports for management
• Ensures relationship managers maintain appropriate documents, perform required duties to include due diligence and contract agreements, and ensure compliance
• Takes lead role in deposit and loan account fraud prevention and detection programs
• Ensures controls are established and maintained to proactively prevent losses and ensures appropriate response when losses occur
• Works closely with the Director of ERM in maintaining the Disaster Recovery and Business Continuity policy and leads across functional areas for annual tabletop testing
• Analyzes data and monitoring reports from loss defense systems to determine program effectiveness and to reduce loss exposure; reviews and updates vendor settings as needed

Education and Experience Requirements

• A Bachelor’s degree AND two years of experience performing compliance, fraud or IT security functions in a financial institution
• Desirable Qualifications: ERM-related certification or desire to obtain