Manager, Compliance and Third Party Risk Operations

Company: Navy Federal Credit Union
Location: Vienna
Posted on: May 8, 2024

Job Description:

OverviewTo design, develop, and implement third party operational risk and compliance frameworks, to effectively identify, assess, monitor and measure risk involving people, processes, systems and external events. Provide subject matter expertise and guidance regarding exams, internal audits, compliance with audit expectations, and third party exams. Support the Business Unit throughout full lifecycle of compliance issues from identification to closure. Partner with the business to provide oversight and mitigation strategies for identified risks, and determine residual risk. Conduct periodic reviews based on residual risk ratings for third parties. Collaborate with stakeholders, Information Security, Business Continuity, Comptroller, and other business units as required. Monitor third party risk assessment process and procedures, providing process improvement recommendations to leadership.ResponsibilitiesManage, review, and coordinate responses, examination briefings, and ad hoc requests to/from regulatory agencies in conjunction with VP Risk ManagementManage and coordinate Business Unit examination readiness reviews to effectively prepare for impending and potential examinationsAdvise, facilitate, and collaborate on program/service changes that improve regulatory readiness, anticipate regulatory trends or actions, or enhance regulatory responsivenessWork on projects, process improvement efforts, and business unit training initiatives that comply with, mitigate or potentially mitigate, current or future regulatory expectations and/or impactsOversee tracking and coordination of Business Unit responses, examination briefings, and ad hoc requests to/from regulatory agenciesLead, compliance and/or risk-related discussions with Business Unit, including examination preparation sessions, post-review discussions, and ad hoc meetings as neededSupport Business Unit leadership and partner with team to identify issues, opportunities, and develop and implement remediation plans and process improvement opportunities to mitigate risk and enhance compliance requirements and expectationsProvide guidance to Business Unit operational and strategic objectives, as related to compliance impactsInterpret compliance findings; identify control deficiencies, evaluate risk implications, and draw the appropriate conclusions to best communicate to Business UnitEstablish and monitor key performance indicators of team, determine gaps in performance metrics, and recommend/execute change management techniques for efficiency/quality improvementsProvide support for various elements of BU Third Party Risk Management (TPRM) programCollaborate with management and staff to optimize risk assessment and to identify which third parties require risk assessmentsSupport identification of key risk indicators for BU to identify emerging risks and potential solutionsAssist in designing and developing dashboards, scorecards, and reports using appropriate metrics (e.g., key indicators, emerging risks, control effectiveness, etc.)Engage with stakeholders to assist in determining appropriate level of vendor oversightDevelop and maintain an understanding of relevant industry standards, best practices, business processes, and technologies, as applicable and necessary to the Business UnitPartner with senior management to ensure internal/external exam preparednessPerform supervisory/managerial responsibilitiesEnsure adequate/skilled staffing; select employeesEstablish performance goals and prioritiesPrepare, conduct, and review performance appraisalsDevelop, mentor and counsel staffProvide input and/or prepare budget requirements for Annual Financial Plan (AFP)Ensure section/branch goals and objectives align with division/department strategyEnsure efficiency of operationsLeadership Level - Supervise daily activitiesPerform other related duties as assignedQualificationsExpert knowledge of operational risk management concepts and practicesAdvanced knowledge and understanding of Third Party Risk Management in a large financial institution settingAdvanced experience in compliance enforcement and/or auditingAdvanced knowledge of compliance, laws and regulations relating to the Business Unit, including NCUA, CFPB regulationsAdvanced experience in leading, directing and controlling a multi-function corporate/institutional operation and demonstrated skill in leading others to achieve goalsAdvanced experience in implementing strategic initiatives to support organizational objectivesExperience in thought-leadership, initiative taking, decision-making and creative problem-solvingSignificant experience working with all levels of staff, management, stakeholders, vendorsSignificant experience managing and developing employeesExperience in project/program management processes and methodologiesExpert experience managing multiple priorities independently and/or in a team environmentAdvanced knowledge and skills with PCs and related software applications (word processing, spreadsheet and presentation,Expert skill leading with diplomacy and tact while maintaining appropriate assertiveness and persistenceAdvanced skill to influence, negotiate and & persuade to reach agreeable exchange & positive outcomesAdvanced relationship building, negotiation and facilitation skillsAdvanced analytical/quantitative, reconciliation and deductive reasoning skillsExpert skill presenting findings, conclusions, alternatives, and information clearly and conciselyExcellent interpersonal, verbal, and written communication skillsBachelor's Degree in a Business Administration, Economics, or the equivalent combination of training, education and/or experienceDesired QualificationsExperience with credit union financials and/or regulationsDirect experience in compliance activities with/within financial institutionsWorking Knowledge of NFCU products, services, programs, policies, and proceduresExpert analytical/quantitative, reconciliation and deductive reasoning skillsMaster's Degree in a related field, or the equivalent combination of training, education, and experienceHours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Ln. Vienna, Virginia 22180About UsYou have goals, dreams, hobbies, and things you're passionate aboutwhat'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 themfriends, family, and passions. And we're looking for team members who are passionate about our missionmaking 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 ServicesEqual 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/DisabilityDisclaimers: 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 teams 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.by Jobble

Keywords: Navy Federal Credit Union, Chantilly , Manager, Compliance and Third Party Risk Operations, Executive , Vienna, Virginia