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SalaryOverview
Help guide and execute oversight within an independent Financial Risk oversight function (second line of defense), primarily focusing on market and liquidity risks, within Navy Federal’s Enterprise Risk division. Support the design, implementation and oversight of appropriate frameworks, methodologies, procedures and documentation related to the oversight of NFCU's Financial Risk Management activities in order to effectively measure, monitor and report on risks. Be a main partner to the department leader and drive effective challenge of first line activities.
Responsibilities
- Conduct oversight and effective challenge in Financial Risk areas including policies, first line Financial Risk controls, Financial Risk metrics and key risk indicators, contingency funding plans, etc.
- Conduct independent analysis, review and effective challenge of first line Financial Risk Management activities and create review evidence
- Develop and maintain sound understanding of NFCU’s market and liquidity Risk Management practices and focus on continual enhancements
- Produce value-add risk reporting for the first line, senior management and key oversight committees
- Support development of market and liquidity risk appetite frameworks and reporting of relevant key risk indicators (KRIs)
- Help identify Financial Risk-related trends, and assess the impact of changing macroeconomic scenarios and other events (including evolution of NFCU member behavior) on NFCU membership and generate thoughtful recommendations
- Influence adoption of Financial Risk Management enhancements
- Contribute to evolution and enhancement of NFCU's capital planning activities
- Collaborate with, advise, and counsel key stakeholders on complex risk issues; provide guidance and feedback to business units throughout Risk Management lifecycles
- Stay abreast of new and developing risk trends, regulatory expectations, and best practices as they pertain to market and liquidity risk issues
- Perform other duties as assigned or appropriate
Qualifications
- Experience within a treasury or Financial Risk Management function of a financial institution
- Expertise in assessing first line of defense Risk Management practices and successfully driving adoption of recommended improvements or enhancements
- Experience developing, enhancing, and maintaining policies, procedures, and other documentation
- Knowledge of applicable federal and state laws, rules and regulations including specific knowledge of the regulatory environment and relevant regulations impacting large financial organizations
- Experience developing and refining market and liquidity risk appetite frameworks and KRIs
- Advanced knowledge of financial/risk instruments and their impact on the balance sheet
- Advanced knowledge of data querying, reporting, forecasting, analysis and operations research, including statistical methods and modeling
- Advanced knowledge of methodologies used to measure, model and simulate Financial Risk
- Experience in executing strategic initiatives to support organizational objectives
- Extensive experience in understanding financial issues and analyzing aggregated information
- Significant experience managing multiple priorities independently and/or in a team environment to achieve goals
- Advanced skill interpreting and synthesizing large amounts of information
- Expert verbal, written, interpersonal, and presentation skills
- Advanced skill influencing and building consensus with business partners, and providing credible challenge with diplomacy and tact while maintaining appropriate assertiveness and persistence
- Advanced skill in being adaptive/flexible and acquiring, recognizing & applying new information
- Bachelor's degree in Finance, Business Administration, Risk Management or a related field, or the equivalent combination of training, education, and experience
Desired Qualifications
- Experience with data visualization and associated tools (e.g., Power BI, Tableau, etc.)
- Experience with data analytics and programming tools such as SQL, Python or R
- Experience with Quantitative Risk Management (QRM) framework
- Working knowledge of other risk areas/domains (e.g. credit risk, operational risk)
- CFA (Chartered Financial Analyst), FRM (Financial Risk Manager)
- Master's degree in Business Administration, Finance, Economics, or related field, or the equivalent combination of education, training and experience
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Ln, Vienna, VA 22180 | 5550 Heritage Oaks Dr, Pensacola, FL 32526
About Us
You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
Military Times 2022 Best for Vets Employers
WayUp Top 100 Internship Programs
Forbes® 2022 The Best Employers for New Grads
Fortune Best Workplaces for Women
Fortune 100 Best Companies to Work For®
Computerworld® Best Places to Work in IT
Ripplematch Campus Forward Award - Excellence in Early Career Hiring
Fortune Best Place to Work for Financial and Insurance Services
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
