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Form of workJob Description
Posting Date: 12/01/2023
Job Number: 23-18
Position: Corporate Risk Manager
Location: McMinnville, Oregon
Full Time - Exempt
Position Summary:
The Corporate Risk Manager is responsible for ensuring the Bank maintains an adequate and effective Enterprise Risk Management (ERM) program thus ensuring the Bank is in full compliance with all banking laws, rules, regulations, and internal policies, procedures, and processes.
Incumbent has oversight and management of the Compliance function which includes 1) Loan Compliance and CRA, 2) BSA/AML/OFAC and Deposit Compliance, 3) Risk Management including fraud deterrence, detection, and prevention, and 4) Enterprise Risk Management.
Corporate Risk Manager will provide hands-on development of risk models involving market, credit and operational risk, assure controls are operating effectively, and provide research and analytical support.
Essential Duties:
Risk Management: Perform various activities to ensure adequate and effective controls are in place to reduce the risk of loss, reputational harm, and regulatory orders.
•Inform the Board of Directors of regulations, violations and findings of courts or agency rulings, and keep the Board apprised of their responsibilities to maintain bank compliance.
•Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when should risk events occur.
•Performing risk assessments: Analyzing current risks and identifying potential risks with related impact on the company.
•Performing a risk evaluation: Evaluating the company's previous handling of risks and assessing potential risk outcomes to inform management decisions and develop risk tolerances.
•Working with the Leadership Team to establish the level of inherent risk the company is willing to accept within various operation functions.
•Govern compliance audit program, including managing audit firm relationships.
•Preparing risk management and insurance budgets
•Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)
•Explaining the external risk posed by corporate governance to stakeholders.
•Creating business continuity plans to limit risks.
•Implementing health and safety measures, and purchasing corporate insurance
•Conducting policy and compliance audits, certifications, and testing.
•May manage existing corporate contracts, collaborating with stakeholders to review and monitor contract compliance and renewal deadlines as well as internal business proposals.
•Building risk awareness amongst staff by providing support and training within the company
Deposit Compliance: Develops and documents controls such as written procedures, training, and review and certification procedures for Deposit compliance regulations as well as assisting with various non-deposit related Association wide compliance regulations.
•Oversees the BSA/OFAC functions and all aspects of compliance with BSA/Anti-Money Laundering/Customer Information Program regulations.
•Oversee deposit compliance for all deposit related regulations as well as various Association wide compliance requirements which may include but are not limited to: Electronic Fund Transfer Act, Expedited Funds Availability Act, Privacy of Consumer Financial Information, Right to Financial Act, Truth in Savings Act, Reserve Requirements, Advertising-FDIC, Retail Sales of Non-Deposit Investments, Sensitive Customer Information Response Program, Pandemic Flu Response Plan, Unlawful Internet Gambling Enforcement Act, Customer Awareness Program, Remote Deposit Capture, Brokered Deposits and FACT Act -Red Flags & Identity Theft Prevention Program and UDDAP.
•Work with the Marketing Team to ensure advertising compliance.
•Lead compliance exams by gathering files, records, and other pertinent information for review by compliance examiners or internal/external auditors.
•Assist in the development and implementation of new banking products and/or services affected by regulations.
•Maintain detailed documentation of all processes used to satisfy above activities.
Loan Compliance: Works directly with the designated loan compliance officer to ensure compliance with all lending related regulations.
•Function as the Association's Board appointed SAFE Act Officer, responsible for all aspects of compliance with the SAFE Act.
•Ensure company compliance with loan regulations which may include but are not limited to: Fair Lending, ECOA, FCRA, FHA Act, HMDA, CRA, TILA-RESPA, Reg Z, Reg B, Flood, UDAAP, Lending to Service members, and SAFE Act,
Security & Loss Prevention: Responsible for developing controls such as written procedures, training, review and management of security vendor relationships.
•Manage the Security Handbook, ensuring that practices and procedures are maintained in a current manner and consistent with financial institution best practices.
•Evaluate & manage the implementation of security & loss prevention training programs and ensure that staff are trained.
•Oversee fraud investigations, working with law enforcement to take steps to reduce the risk of loss.
•Manage security vendor relationships, including but not limited to, security equipment, surveillance equipment, and relationships with local law enforcement.
•Oversee the Associations safety program, ensuring full compliance with OR-OSHA/OSHA safety committee guidelines and workplace safety rules.
•Lead crisis incident response activities such as robbery, extortion or bomb threats, trespass and threats against employees, and internal security/crisis management issues
Supervisory Duties: Provide direct supervision to compliance support staff including providing appropriate training to ensure effectiveness of the team.
•Interviews, hires, and directs all relevant job positions within the Deposit Compliance group. Conducts disciplinary interviews and assists HR in the preparation of written documentation when necessary.
•Review and approve employee electronic timecards, ensuring complete records within established payroll deadlines.
•Monitors staff performance and department morale; prepares written performance reviews; coaches, counsels, trains, and motivates staff to ensure organization and effectiveness.
•Oversees the organization of the workflow and work assignments to ensure optimum results.
•Hold regular staff meetings to ensure effective communication of Association information facilitate training and solicit suggestions for efficiencies.
•Develops and manages a schedule that ensures effective production with limited need for overtime.
Minimum Job Requirements:
•Bachelor's degree in business, finance or other related field, or 5+ years of Compliance, Audit or Bank Operations equivalent experience, including BSA/AML/OFAC. JD or Certified Regulatory Compliance Manager (CRCM) or Certified Anti Money Laundering Specialist (CAMS) designations preferred.
•Prior supervisor experience required.
•Ability to develop and maintain organizational structure and understand broader business issues.
•Ability to have a thorough and comprehensive understanding of various regulatory requirements.
•Strong knowledge of bank services and products.
•In-depth knowledge of applicable data privacy practices and laws.
•Ability to prioritize and coordinate a variety of activities in a high-pressure environment.
•Strong analytical and writing skills.
•Ability to respond to common inquiries from regulatory agencies.
•Ability to effectively present information to top management, public groups, and/or boards of directors.
•Ability to define problems collects data, establish facts, and draw valid conclusions.
•Intermediate to advanced level ability to use Microsoft Office products, Outlook and various company systems.
•Effective interpersonal skills to relate to a variety of managers, executives, directors, customers, and employees; public relations skills; tact, diplomacy, and patience.
•Ability to use good judgment and make appropriate decisions.
•Ability to manage highly confidential information.
•Valid state driver's license and proof of automobile insurance.
Pre-Employment Requirements: The position for which you are applying is one that will have access to cash, financial instruments, financial transactions or confidential customer financial information. As a result the following pre-employment screens are required.
•Pre-employment drug screen - excluding Marijuana
•Criminal background screen
•Consumer credit report
Applications: Applications for employment are available online at First Federal at https://firstfed.applicantpool.com/jobs/
Deadline for Application: Position will remain open until filled.
First Federal is an Equal Opportunity Employer-Vets/Disabled, committed to a diverse workforce. First Federal participates in the Federal E-Verify Program and is an Affirmative Action Employer. If you need assistance with completion of an application for employment, please contact Human Resources Department at 503-435-3216 or email humanresources@firstfedweb.com.
