Risk Management Specialist jobs in Muskegon, MI

4
RISK MANAGEMENT MANAGER
  • 4Front Credit Union
  • Traverse, MI FULL_TIME
  • Description

    POSITION TITLE: Risk Management Manager 

    DEPARTMENT: Finance

    CLASSIFICATION: Exempt

    APPROVED BY: CEO

    WAGE GRADE: 15


    REPORTING RELATIONSHIPS

    POSITION REPORTS TO: Chief Financial Officer

    POSITIONS SUPERVISED: Risk Management Specialist I, Risk Management Specialist II, Compliance Officer(s)


    POSITION PURPOSE

    The Risk Management Manager is responsible for leading and managing 4Front Credit Union’s comprehensive risk management program, including fraud prevention, compliance oversight, audit coordination, vendor management, and consumer compliance. This role ensures the organization identifies, mitigates, and monitors risks related to legal, reputational, financial, operational, safety, and regulatory areas. The position emphasizes compliance with consumer protection laws, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and other consumer compliance standards, while ensuring the credit union operates within regulatory frameworks.


    ESSENTIAL FUNCTIONS AND BASIC DUTIES

    Leadership and Oversight of Risk Management

    • Fraud Prevention and Detection: Direct fraud prevention efforts, including implementing internal controls, educating team members, and monitoring activities to detect and mitigate fraudulent behavior.
    • Compliance Oversight: Ensure ongoing compliance with all federal and state regulations, identifying and addressing compliance risks proactively.
    • Vendor Management: Oversee and manage the credit union’s Vendor Management Program to ensure vendor relationships align with regulatory requirements and organizational standards.
    • Team Development: Develop, coach, and lead a high-performing risk management team, fostering a culture of accountability and continuous improvement.
    • Operational Excellence: Identify opportunities to enhance operational efficiency, close performance gaps, and meet risk management goals.


    Compliance and Regulatory Management

    • Consumer Compliance Oversight: Ensure compliance with consumer protection laws. Develop and maintain processes for ongoing adherence to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, including monitoring, reporting, and training programs.
    • Regulatory Reporting: Ensure all regulatory reporting, including BSA/AML-related reports such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), are accurate and timely.
    • Compliance Calendar: Oversee the Compliance Calendar, ensuring adherence to all regulatory deadlines and requirements.
    •  Risk Assessment: Conduct regular risk assessments and implement strategies to address identified vulnerabilities.


    Vendor and Contract Management

    • Vendor Oversight: Manage vendor relationships to ensure compliance with regulatory standards and mitigate potential risks.
    • Vendor Education: Provide guidance and training to internal stakeholders on vendor risk management practices.
    • Annual Review Process: Ensure annual reviews and ongoing monitoring of vendor performance, contracts, and adherence to agreed-upon standards.
    • Escalation Management: Escalate vendor-related risks or issues as necessary, working with leadership to implement corrective actions.


    Fraud Investigation and Audit Coordination

    • Fraud Investigations: Act as the primary point of contact for fraud cases, managing incident reports and liaising with law enforcement.
    • Audit Management: Coordinate internal and external audits, ensuring readiness and compliance with audit requirements.
    • Internal Controls: Recommend and implement operational controls to safeguard the credit union’s assets and ensure audit integrity.


    Insurance and Risk Coverage Management

    • Insurance Oversight: Analyze and manage corporate insurance and bond coverage needs, securing competitive bids for policies.
    • Risk Analysis: Review and recommend insurance policies that adequately protect the credit union’s assets and interests.


    Stakeholder Communication and Collaboration

    • Internal Liaison: Work with credit union leadership to identify and mitigate compliance risks associated with new products and services.
    • External Representation: Act as the credit union’s representative with industry associations, examiners, auditors, and other stakeholders.
    • Corrective Action Management: Oversee corrective actions to resolve compliance deficiencies or violations, keeping senior management informed of progress and risks.


    Continuous Improvement and Knowledge Management

    • Regulatory Awareness: Stay informed of industry trends, regulatory changes, and best practices in fraud prevention, compliance (including consumer compliance and BSA/AML), audit, and vendor management.
    • Training and Education: Provide ongoing education to credit union employees on compliance requirements, including consumer protection laws and BSA/AML regulations.



    PERFORMANCE MEASUREMENTS

    Operations auditing and process review are accurately and effectively performed in accordance with credit union policies, procedures, and legal requirements. Discrepancies, errors, and inconsistencies are promptly identified and reported.


    Operational procedures and policies are appropriately assessed and suggestions for improved systems and controls are made.


    Good working relations exist with departments.


    Effective working relations exist with personnel. Assistance and support are provided as needed.


    Management is appropriately informed of area activities and of any significant problems.


    Required reports are accurate, timely, and informative.


    Good working relationships, DEI and collaborative initiatives exist with credit union personnel.


    Requirements

    QUALIFICATIONS


    EDUCATION/CERTIFICATION: 

    • Bachelor’s degree in business related field 
    • Other industry certification may be required.

    REQUIRED KNOWLEDGE :

    • Thorough understanding of legal and regulatory requirements
    •  Comprehensive knowledge of financial service products, operations and procedures
    •  Experience in risk management, compliance (including BSA/AML), fraud prevention, vendor management, or audit within the financial services industry.


    EXPERIENCE PREFERRED: 

    • Five to eight years of experience in risk management with a proven leadership record of accomplishment 
    • PC Skills: Word, Excel, Microsoft office


    SKILLS/ABILITIES:  

    • Strong knowledge of state and federal regulations impacting credit unions, including consumer compliance laws and BSA/AML requirements.
    •  Proven leadership skills with the ability to coach and develop teams.
    •  Exceptional analytical and problem-solving abilities.
    •  Excellent verbal and written communication skills, with experience in reporting to senior management.
    •  Familiarity with risk management, compliance, and vendor management software and tools is preferred.


    PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION


    FINGER DEXTERITY: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.


    TALKING: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.


    AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information.


    REPETITIVE MOTIONS: Movements frequently and regularly required using the wrists, hands, and/or fingers.


    AVERAGE VISUAL ABILITIES: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.


    PHYSICAL STRENGTH: Sedentary work; sitting most of the time. Exerts up to 50 lbs. of force occasionally. (Almost all office jobs.)



    WORKING CONDITIONS

    NONE: No hazardous or significantly unpleasant conditions (such as in a typical office).

    TRAVEL: Travel may be required within and outside of branch network.


    MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION


    REASONING ABILITY:  

    • Ability to apply logical or scientific thinking to define problems, collect data, establish facts, and draw conclusions.
    •  Able to interpret a variety of technical instructions and can deal with multiple variables.


    MATHEMATICS ABILITY:  

    • Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage.
    •  Able to perform very simple algebra.


    LANGUAGE ABILITY:  

    • Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.
    •  Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar.
    •  Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses.


    INTENT AND FUNCTION OF JOB DESCRIPTIONS


    Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well constructed job descriptions are an integral part of any effective compensation system.


    All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.


    In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.


    Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.


  • Just Posted

4
TREASURY MANAGEMENT SPECIALIST I
  • 4Front Credit Union
  • Traverse, MI FULL_TIME
  • Description 4Front Credit UnionPOSITION DESCRIPTIONPOSITION TITLE: Treasury Management Specialist I DEPARTMENT: Commercial ServicesCLASSIFICATION: Non-Exempt APPROVED BY: CEOWAGE GRADE: 9REPORTING REL...
  • 4 Days Ago

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Order Management Specialist
  • Structural Concepts Corp.
  • Norton, MI FULL_TIME
  • Purpose of the job To serve our customers with world class customer service by quickly and accurately entering purchase orders, responding to internal and external requests for order and shipping info...
  • 17 Days Ago

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Landscape Care Specialist
  • Summit Landscape Management
  • Traverse, MI FULL_TIME
  • The Landscape Care Specialist is responsible for maintaining both residential and commercial lawns and landscapes. The position is also responsible for working with customers on various projects provi...
  • 1 Day Ago

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Department of State Aide 6-E8 - Honor #333
  • Accounting Specialist 13 (Accounts Payable...
  • Honor, MI FULL_TIME
  • Salary $1,702.40 - $2,347.20 Biweekly Location Honor, MI Job Type Permanent Full Time Job Number 2301-25-BO7090 Department Department of State Opening Date 11/22/2024 Closing Date 12/1/2024 11:59 PM E...
  • 8 Days Ago

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Nurse Practitioner NP, Part-Time, HRA
  • Hueman Risk Adjustment
  • Muskegon, MI PART_TIME
  • Hueman is actively hiring Nurse Practitioners to complete in-home Health Risk Assessments (HRAs) for Medicare and Medicaid members in and around Muskegon, MI.This unique opportunity adapts to your lif...
  • 2 Days Ago

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0 Risk Management Specialist jobs found in Muskegon, MI area

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Relationship Banker
  • Wintrust Financial
  • Zeeland, MI
  • Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NAS...
  • 12/12/2024 12:00:00 AM

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EHS Manager
  • Metal Technologies
  • Ravenna, MI
  • Who We Are: Metal Technologies is a premier metal casting company that uses modern technology and a highly productive wo...
  • 12/12/2024 12:00:00 AM

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Account Specialist II
  • Aon Corporation
  • Grand Rapids, MI
  • Do you have great experience working in the Commercial Risk space? Do you enjoy working in a team-oriented and collabora...
  • 12/12/2024 12:00:00 AM

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Relief Youth Specialist (Part-Time / Non-Benefited)
  • Ottawa County, MI
  • West Olive, MI
  • Salary: $22.46 - $22.46 Hourly Location : West Olive, MI Job Type: Non-benefited Job Number: 5951-00 Department: Juvenil...
  • 12/11/2024 12:00:00 AM

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Field Engineer/Construction Services Technician
  • GEI Consultants
  • Allendale, MI
  • Description Your role at GEI. GEI is seeking highly motivated individuals to perform a broad range of field engineering ...
  • 12/11/2024 12:00:00 AM

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On-Call Youth Specialist
  • Kent County, MI
  • Grand Rapids, MI
  • Salary: $25.32 Hourly Location : Juvenile Detention Center 1501 Cedar Street NE Grand Rapids Job Type: Temporary Job Num...
  • 12/11/2024 12:00:00 AM

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Environment, Health and Safety Manager
  • Metal Technologies
  • Ravenna, MI
  • General Summary: Responsible for the overall management, direction and coordination of safety and environmental activiti...
  • 12/9/2024 12:00:00 AM

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Accountant
  • LG Energy Solution Michigan
  • Holland, MI
  • Job Title: Accounting and ICFR Specialist Company: LG Energy Solution Michigan, Inc. Location: Holland, MI Job Summary: ...
  • 12/9/2024 12:00:00 AM

Muskegon (/mʌˈskiːɡən/) is a city in the U.S. state of Michigan, and is the largest populated city on the eastern shores of Lake Michigan. At the 2010 census the city population was 38,401. The city is the county seat of Muskegon County. It is at the southwest corner of Muskegon Township, but is administratively autonomous. The Muskegon Metro area had a population of 172,188 in 2010. It is also part of the larger Grand Rapids-Wyoming-Muskegon-Combined Statistical Area with a population of 1,321,557....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Risk Management Specialist jobs
$93,727 to $122,104
Muskegon, Michigan area prices
were up 1.3% from a year ago

Risk Management Specialist
Demonstrate the ability to identify changes to Credit Union processes, procedures, or regulatory requirements that will impact the duties of the department and proactively recommend updates to departmental processes and procedures to adapt to Credit Union changes in a timely manner.
November 08, 2022
Assists in the maintenance, integrity and data quality of the franchisee insurance certificate tracking program, including database management, as well as communication with franchisees, Area Directors and other internal stakeholders relative to insurance compliance.
March 09, 2023
Assist with the validation of financial and compliance models utilized by the Credit Union based on regulatory guidelines, which may include assessing model documentation, model objectives and use, model data, outcome analysis, ongoing monitoring, governance, and backtesting.
March 29, 2023
Provides recommendations for improvements to the business continuity/disaster recovery program and works with business units to implement approved changes to the business continuity/disaster recovery program process.
April 21, 2023
Participates in the identification, selection, & coordination of the use of TPA's and consultants for property damage claims, subrogation, workers compensation & general liability claims adjudication.
April 30, 2023
Review and challenge of Banking business liquidity, interest rate and capital risk exposures through both ad-hoc and routine engagement within Risk, CFO and the LOB teams (including Risk Identification, State of Risk Reviews, and resulting SIAI/RIAI administration).
May 07, 2023