Financial Risk Manager Job at Bethpage Federal Credit Union, Bethpage, NY

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  • Bethpage Federal Credit Union
  • Bethpage, NY

Job Description

Financial Risk Manager Location Bethpage, NY :

Bethpage has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business, and they were all created with a unique cultural foundation.

Expected salary range for this position is $98,939- $118,727 annually.

Responsibilities Include:

Direct management of the Financial Risk team.

Fostering a team driven by service and efficiency through leadership and training, ensuring deliverables are accurate, timely, and consistent with the established Enterprise Risk program and strategic direction.

Develops, implements, manages, and maintains the credit unions' risk framework, programs policies and procedures including but not limited to, the Enterprise and Financial Risk Program Assessments, Model and Insurance Management, Project Risk Assessment support and Third-Party Financial Risk Assessment support.

Leads the Financial Risk team in the identification and evaluation of various financial risks faced by the organization, such as market risk, credit risk, liquidity risk, model risk, and regulatory and controls across the credit union and CUSO's.

Continuously monitor and measure key risk indicators to identify emerging risks and assess the organization's overall risk exposure. Use quantitative and qualitative techniques to analyze and model potential risks, including stress testing, scenario analysis, and simulations.

Recommend and implement risk mitigation strategies, such as hedging, diversification, insurance, and contingency planning. Work closely with various stakeholders, including senior management, business units, and external parties, to communicate and address risk-related issues.

Provide support as the subject matter expert for Financial Risk for the development and management of key risk systems and tools such as MetricStream (GRC), SRA Watchtower, Incident, Issues, and Losses (Reportable Events), Model, Insurance, Policy, and Procedure Management. Updates, analyzes, and manages the risk and control library, taxonomies, and mappings for the Financial Risk programs in the Credit Union's GRC system

Prepare and present risk reports to senior management and Enterprise Risk Management Committee, highlighting key risk exposures, trends, and mitigation actions.

Manages the preparation of the monthly, quarterly, annual, and ad hoc Financial Risk reports and presentations for the Chief Risk Officer, Vice President of Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Asset Liability Management Committee and Board.

Acts as the key contact for the Enterprise Risk Management internal and external audits of Financial Risk Programs and Framework and as support for regulatory audits of Financial Risk.

Responsible for the Financial Risk portion of the budget and applicable Third-Party relationships.

Stay updated with applicable regulations and ensure the organization's risk management practices align with regulatory requirements. Continuously monitor industry developments, best practices, and emerging risk management techniques to enhance the organization's risk management capabilities.

Educate and train employees on risk management principles, policies, and procedures to enhance risk awareness and promote a risk-conscious culture.

  • Ability to lead a team independently and effectively in a continually changing environment; strong analytical, critical thinking, time management and problem-solving skills.
  • Proven experience in financial risk management, preferably in a corporate or financial institution setting.
  • Strong knowledge of risk management frameworks, methodologies, and tools.
  • Proficient in using risk management software and financial modeling techniques.
  • Strong oral and written communication and presentation skills.
  • Ability to work and lead a team effectively and collaborate with cross-functional stakeholders.
  • Detail-oriented with the ability to handle multiple tasks simultaneously.

Understanding of regulatory requirements and compliance.

Computer Skills: MS Office Suite with an expertise in Excel and PowerPoint, in addition to general operation of standard office equipment such as Office 356 etc.

Experience

Preferred
  • 3 - 5 years: 3-5+ years management experience

Education

Preferred
  • Bachelors or better in Economics or related field
  • Bachelors or better in Finance or related field

Licenses & Certifications

Preferred
  • Certified Risk Manager

Skills

Preferred
  • Communication Written
  • Communication Verbal
  • Detail Oriented

Behaviors

Preferred
  • Leader: Inspires teammates to follow them
  • Dedicated: Devoted to a task or purpose with loyalty or integrity

Motivations

Preferred
  • Financial: Inspired to perform well by monetary reimbursement
  • Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization

Job Tags

Full time,

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