CREDIT RISK MANAGER jobs in the United States

CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)

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Risk Manager
  • Michigan First Credit Union
  • Village, MI FULL_TIME
  • JOB SUMMARY:


    • Works with the Director to develop, design and implement proactive and preventative policies and practices that limit or reduce, insofar as possible, the financial, physical and human risks associated with operating a financial institution within our branch network.
    • The Risk Management Manager monitors regulatory compliance requirements and implements risk management best practices that provide adequate security safeguards to protect the financial and physical assets of the credit union. Acts as a Security Officer for the credit union.



    KEY JOB RESPONSIBILITIES:


    • Oversee fraud investigations into actual or potentially suspicious incidents involving members and/or team members to determine all facts pertaining to the situation. Obtain evidence, summarize/communicate information to the Director of Risk Management and Senior Management required for taking action and institutes corrective action processes, including but not limited to: informing the Internal Auditor and Supervisory Committee; contacting the appropriate law enforcement agencies for commencing potential arrest and prosecution processes; filing charges with the appropriate agency; notifying the bonding company of potential claims and filing claims; filing claims in Small Claims Court; may be involved in contacting the credit union’s attorney; and such other action as might be appropriate to the individual circumstances of the situation, as determined by the Director.
    • Assists the Director with leading the credit union Physical Security Program including, but not limited to: alarm systems; issuance and control of security badges for team members, vendors, contractors and other appropriate parties; security officers and physical premises protection; insurance and bonding contracts; issuance of security policies and procedures; conducting risk assessments; verifying liability coverage of vendors and contractors who may be engaged to perform facilities management services to the credit union.
    • Prepares/updates Record Retention Program outlining and establishing measures and procedures for handling, storing, safekeeping, and destroying classified records and documents, and for granting credit union personnel or visitors access to classified material or entry into restricted areas. Revises and updates the program based on the premises and information systems security requirements and industry trends with respect to fraud, burglaries, larcenies, and embezzlement.
    • This position is responsible for managing a comprehensive monitoring program to ensure compliance with the Bank Secrecy Act, the USA PATRIOT Act, and other applicable laws and regulations.
    • Oversees and/or performs investigations of all "alerts" generated by the anti-money laundering monitoring system to determine whether transactions identified qualify as suspicious activity.
    • Prepares, reviews, and submits appropriate forms to the Financial Crimes Enforcement Network (FinCEN) as required by law. Coordinates contact with Law Enforcement to provide information regarding ongoing investigations for reported suspicious activity. Maintains information and prepares reports on customers with confirmed suspicious activity.
    • Prepares and reviews policies, procedures, forms and other documentation to provide guidance and direction to all applicable lines of business on the requirements for identification and reporting of suspicious activity. Documents all processes and procedures for managing the automated anti-money laundering system and update as necessary.
    • Conducts system tests of the anti-money laundering system including tests of updates provided by vendors. Under the direction of the Risk Director, communicates with vendors to report and resolve any outstanding issues. Coordinates systems modifications and initiatives as necessary to meet new regulatory requirements.
    • Aids in the design of loss prevention programs; educates and trains staff in risk control practices; and periodically conducts tests of all risk management practices, procedures and devices to ensure adequate application and performance. With the Director, institutes appropriate corrective action for all deficiencies discovered.
    • Conducts and supports cross-functional asset recovery tasks involving fraudulent transactions (e.g., bad checks, fraud, cash shortages, stolen credit/debit/ATM cards, etc) and contacts perpetrators to attempt recovery. Implements legal recovery processes as directed. Maintains a “hot list” of individuals of questionable character and members who have caused the credit union a loss and provides adequate information in the core processing system to alert all teams as a reference point for limiting exposure to potential risk.
    • Fully knowledgeable about state, federal and local security regulations, restrictions and requirements relative to the risk exposures inherent in the credit union’s operations.
    • Coordinates with the Training Team to develop and implement technology-based team member compliance and security training programs.
    • Assists Director in the preparation of an annual Security Officer report for the President/CEO, summarizing therein the year’s losses, recoveries, types of criminal activity experienced and other security incidents and risk exposures, as well as recommendations for future loss reduction.
    • Advises the Director and implements such other risk management practices and procedures as may be appropriate.
    • Becomes/is an advocate of The Michigan First Way, supporting all facets of it, including complete fulfillment of Our Promise, 5 STARS Service, SOLVE IT and our ISMs. Fosters a positive demeanor and image through professional representation in all contacts with both, team members and members. Consistently reflects and displays each of our “ISMs” in daily job performance, as well as in all business interactions while executing on our goals and initiatives. Learns and utilizes EMEC (Every Member’s Experience Counts) in day-to-day responsibilities when communicating with members only.



    LEADERSHIP RESPONSIBILITIES:


    • May be required to direct and monitor activities of risk management staff or vendor personnel including security officers, security equipment installers, and alarm companies. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities may include interviewing and making hiring recommendations; training team members; planning, assigning and directing work; appraising performance; rewarding and disciplining team members; addressing complaints and resolving problems.



    QUALIFICATIONS/REQUIREMENTS:


    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    • Bachelor’s degree
    • Must have past experience working in a financial institution, preferably a credit union
    • Must have physical security experience
    • Minimum of five (5) years of loss prevention experience
    • Three (3) years of security technology experience
    • Five (5) years of credit union regulatory compliance
    • Past leadership experience required, preferably overseeing a risk team
    • CFE certification desired
    • Ability to operate a personal computer, including a full working knowledge and ability to utilize the following software programs:
    • Word (i.e. Microsoft Word, WordPerfect)
    • Spreadsheet (i.e. Excel, Lotus, Quattro Pro)
    • Fraud prevention/compliance software, and other software applications as might be applicable from time to time to the service delivery function of the Credit Union
    • Must be highly organized and detailed-oriented with a willing to work hard and desire to constantly learn/grow
    • Must be able to logically and rationally evaluate various situations that arise. Must be able to rate and prioritize events based on immediate risk, while still effectively evaluating the overall risk associated.
    • Must be able to quickly identify problems and brainstorm potential fixes
    • Must clearly understand that this position will require “after hours” work and must be available 24/7 with no scheduling concerns that would prohibit this type of schedule.
    • Must have the ability to manage stressful/anxious situations to ensure that the organization feels supported



    CERTIFICATES, LICENSES, REGISTRATIONS:


    • May be required to become certified as a Notary Public for the purpose of verifying signatures, executing documents and obtaining information. May be required to become certified or licensed to operate security equipment, carry and/or use security protection devices.
  • 2 Days Ago

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Analyst - Credit Risk Management
  • Credit Risk Management - Energy Transfer Family of Partnerships Careers
  • HOUSTON, TX FULL_TIME
  • Position Summary: The successful candidate will work on the Sunoco LP Credit Risk Management team reporting to the Senior Manager – Credit Risk Management. The Credit Risk Analyst will be involved in ...
  • 15 Days Ago

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Enterprise Risk Manager - Credit Risk
  • East West Bank
  • Pasadena, CA FULL_TIME
  • Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced...
  • 21 Days Ago

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Risk Manager, Credit Risk Data
  • Zip Co Limited
  • Sydney, FL FULL_TIME
  • Risk Manager, Credit Risk data You should have worked in a technical role, with expert SQL skills and a passion for analysing data in the credit risk domain. Individual contributor role where you will...
  • 25 Days Ago

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Credit Risk Analytics - Manager
  • NinjaHoldings
  • Chicago, IL FULL_TIME
  • DESCRIPTION NinjaHoldings was founded in 2017 by a team seeking to revolutionize the way everyday Americans interact with financial services. Through our CreditNinja and NinjaCard brands, we empower p...
  • 8 Days Ago

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Credit risk manager
  • T-Mobile
  • Frisco, TX FULL_TIME
  • Be unstoppable with us! T-Mobile is synonymous with innovation and you could be part of the team that disrupted an entire industry! We reinvented customer service, brought real 5G to the nation, and n...
  • 9 Days Ago

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Portfolio Manager
  • Burke & Herbert Bank & Trust
  • Alexandria, VA
  • Job Description Job Description The Portfolio Manager will support Relationship Managers in the origination of new loans...
  • 7/16/2024 12:00:00 AM

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Business Analyst - Risk & Strategic Analysis
  • Nodal Exchange
  • Vienna, VA
  • Business Analyst - Risk & Strategic Analysis Department: Risk Employment Type: Full Time Location: Tysons Corner Descrip...
  • 7/16/2024 12:00:00 AM

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Business Analyst - Risk & Strategic Analysis
  • NODAL EXCHANGE
  • Mc Lean, VA
  • Business Analyst - Risk & Strategic Analysis Department: Risk Employment Type: Full Time Location: Tysons Corner Descrip...
  • 7/16/2024 12:00:00 AM

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Commercial Credit Portfolio Manager
  • National Rural Utilities Cooperative Finance Corporation
  • Dulles, VA
  • Job Description Job Description Join a member-driven leader in a fast-paced, challenging and collaborative environment w...
  • 7/13/2024 12:00:00 AM

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Senior Software Engineer, Full Stack (Remote-Eligible)
  • Capital One
  • Hyattsville, MD
  • Locations: NY - New York, United States of America, New York, New YorkSenior Software Engineer, Full Stack (Remote-Eligi...
  • 7/13/2024 12:00:00 AM

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Lead Software Engineer (Remote-Eligible)
  • Capital One
  • Glenn Dale, MD
  • Center 1 (19052), United States of America, McLean, VirginiaLead Software Engineer (Remote-Eligible)Do you love building...
  • 7/13/2024 12:00:00 AM

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Lead Software Engineer, Full Stack (Remote Eligible)
  • Capital One
  • Oakton, VA
  • Center 1 (19052), United States of America, McLean, VirginiaLead Software Engineer, Full Stack (Remote Eligible)The worl...
  • 7/13/2024 12:00:00 AM

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Chief Financial Officer CFO
  • Growth Solutions Team
  • Lorton, VA
  • Job Description Job Description Job Description: Chief Financial Officer (CFO) for Commercial Painting Contractor Positi...
  • 7/13/2024 12:00:00 AM

Income Estimation for CREDIT RISK MANAGER jobs
$117,968 to $173,783