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)
Job Details
Job Location
Headquarters - Corinth, TX
Position Type
Full Time
Education Level
4 Year Degree
Travel Percentage
Hybrid Remote
Job Shift
Day
VP Risk Management
Responsible for directing and administering the efforts of the Risk Management department. Develop, implement and maintain procedures and strategies in all areas of Risk including; compliance, fraud and audit. Identify, assess, and mitigate fraud and compliance risks throughout the credit union. Manage, plan, and coordinate programs and vendors of DATCU to control risks and losses. Responsible for overseeing all credit union wide fraud and non-fraud dispute metrics, reporting and trends. Analyzes and classifies risks as to frequency and potential severity, and measures financial impact of risk on DATCU. Identifies appropriate measures to minimize loss and potentials for loss. Prepares operation and risk reports for senior management. Responsible for conducting extensive research and assessments to evaluate risk levels and assist in developing contingency plans and solutions to reduce and control risks and liabilities. Ensures that established policies and procedures are followed. Stays current regarding regulations requirements and risk trends. Trains, directs, and supervises Risk Management staff. Assists Risk Management personnel as necessary. Ensures that members are promptly and professionally served. Performs miscellaneous administrative duties as required. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. This position has the potential for remote work based on management discretion.
Qualifications
Education/Certification:
Bachelor’s degree in business or related field, or equivalent experience and education.
Required Knowledge:
Knowledge of regulatory requirements related to risk management in the credit union industry.
Knowledge of laws and regulations governing credit unions and detailed knowledge of NCUA examination procedures and guidelines.
In-depth knowledge of fraud detection technologies and industry trends.
Experience Required:
Five years or more of risk management and/or compliance experience in financial institutions.
Five years or more of management and leadership experience.
Includes formal and on-the-job training.
Strong understanding of risk management frameworks.
Skills/Abilities:
Thrives in fast-paced environment.
Excellent analytical and problem solving skills.
Strong attention to detail.
Ability to be objective about controls and processes.
Strong leadership, communication, and collaboration skills.
Excellent organizational skills.
Excellent oral and written communication skills.
Solid interpersonal and supervisory abilities.
Professional appearance, dress, and attitude.
Ability to operate related computer applications and business equipment.
Job Type: Full-time
Pay: $100,000.00 - $150,000.00 per year
Schedule:
Work Location: In person
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