Bethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business and they were all created with a unique cultural foundation. To review our values and behaviors, please visit The Brand is You.

The estimated salary range for this position is $101,363.00 to $141,909.00 annually.

Responsibilities Include:

Directly manages the ORM 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 Management 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 Operational Risk Program Risk Assessments, Policy and Procedure Management, Reportable Events, and Project/Product Risk Assessments. Leads the ORM team in the identification and evaluation of various risks faced by the organization, such as strategic, reputational, operational, and regulatory and reviews the controls across the credit union and CUSO’s.

Continuously monitors and measures key risk indicators to identify emerging risks and assess the organization's overall risk exposure. Uses quantitative and qualitative techniques to analyze potential risks, including process risk mapping. Recommends and implements risk mitigation strategies, works closely with various stakeholders (including senior management), business units, and external parties, to communicate and address risk-related issues.

Provides support as a subject matter expert for operational risk in the development and management of key risk systems and tools such as MetricStream (GRC), SRA Watchtower, New Products, Policy, and Procedure Management. Updates, analyzes, and manages the risk and control library, taxonomies, and mappings for the operational risk programs in the credit union’s GRC system.

Prepares and presents 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 operational risk reports and presentations for the Chief Legal and Risk Officer, Vice President of Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Asset Liability Risk Management Committee and Board.

Acts as the key contact for the Enterprise Risk Management internal and external audits of operational risk programs and framework and as support for regulatory audits of operational risk.

Stays updated with applicable regulations to 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.

Educates and trains employees on risk management principles, policies, and procedures to enhance risk awareness and promote a risk-aware culture.

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.

Certifications: Certified Financial Risk Manager or equivalent is preferred; or the willingness to obtain certifications within a reasonable period.

Experience

Required

• Ability to build strong relationships and engage constructively in a proactive and transparent approach with cross-functional stakeholders, to challenge status quo and drive buy-in to achieve common goals. • Ability to clearly and effectively communicate, including ability to summarize and explain complex findings and issues to a wide range of audiences.
• Strong oral and written communication and presentation skills. • Ability to work and lead a team effectively and collaborate with all stakeholders. • Detail-oriented with the ability to handle multiple tasks simultaneously. • Understanding of regulatory requirements and compliance. • Ability to establish authority, influence stakeholders, and productively debate issues (e.g., credible challenge) at all levels including without direct reporting responsibility.
• 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 operational 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.
7 year(s): 7+ years operational risk management experience

Education

Required

Bachelors or better in Business or related field

Licenses & Certifications

Required

Certified Risk Manager

Skills

Required

Communication Verbal
Resourceful
Critical Thinking

Behaviors

Required

Leader: Inspires teammates to follow them
Thought Provoking: Capable of making others think deeply on a subject
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well

Motivations

Required

Ability to Make an Impact: Inspired to perform well by the ability to contribute to the success of a project or the organization

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Bethpage Federal Credit Union

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Operational Risk Manager