Operational Risk Officer

Location US-MD-Bowie
Posted Date 3 weeks ago(1/31/2018 9:57 AM)
Job ID
2315
Min
USD $77,500.00/Yr.
Max
USD $90,000.00/Yr.

Overview

FIND YOUR PURPOSE – JOIN OUR MISSION

 

As one of the largest credit unions in the region and one of the top performers in the nation, NASA Federal is well established, financially sound, and thrives on technology. Our core purpose is to empower people to achieve a brighter financial future by providing them with best-in-class service through our friendly, knowledgeable people. Our employees contribute to the success of our Credit Union each and every day by looking for opportunities to improve the organization, partnering to achieve worthy goals, stepping up to meet challenges, and taking responsibility for actions and outcomes. We believe in finding the right Team Members and rewarding them for exceptional performance.  Our generous benefit package includes:

 

  • 401(k) match to 5% of earnings – immediate enrollment and 100% vesting
  • Choice of two health plans – 80% employer contribution
  • Dental – 85% employer contribution
  • Life Insurance – no cost
  • Long-term Disability Insurance – no cost
  • Employee Assistance Program – no cost
  • Paid vacation
  • Paid sick time
  • 10 Paid holidays
  • Profit Sharing eligible

 

JOB DUTIES SUMMARY

 

  • Works with Director of Compliance and Internal Audit to coordinate and oversee the Credit Union’s internal audit program.
  • Coordinates corporate insurance program including the Fidelity Bond, Property and Liability Insurance, Management and Business Liability Insurance, Business Auto, Cyber Liability Insurance.
  • Plans and coordinates the continued implementation and maintenance of the enterprise risk management software, including evaluating and conducting risk assessments in areas such as data risk, operational risk, strategic risk, etc.
  • Participates in planning and ongoing efforts related to regulatory compliance oversight, vendor management, business continuity. 

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

 

Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act, OFAC and the Right to Financial Privacy Act. 

 

Internal Audit –

  • Coordinates internal audits to assess effectiveness of controls, accuracy of policies and procedures, correct application of policies and procedures, compliance with applicable laws, and efficiency of operations in all departments. Work with third-party internal auditor and various departments.
  • Analyzes data obtained from third-party audits and other internally-conducted audits and assessments for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or lack of compliance with laws, government regulations, and management policies or procedures.
  • Develops audit plans and scopes, in conjunction with third-party internal auditor as applicable, and overall audit plan based on the analysis of audit results. Conduct internal audits when requested.
  • Follows-up with all departments to obtain management responses to audit findings, and maintain audit reports.
  • Evaluates completion of audit findings.
  • Maintains audit schedule and provide updates to Director of Compliance and Internal Audit.   

 

Corporate Insurance –

  • Coordinates the corporate insurance program, including the Fidelity Bond, Property and Liability Insurance, Management and Business Liability Insurance, Business Auto, Cyber Liability Insurance, etc.
  • Coordinates the annual renewal and conducts periodic evaluations and issues RFPs for competitive insurance bids.
  • Works with insurance company and attorney(s) to respond to legal actions brought against the Credit Union. 
  • Files claims with insurance company when incidents require reporting.

 

Enterprise Risk Management –

  • Plans and coordinates the continued implementation and maintenance of the enterprise risk management software, including evaluating and conducting risk assessments in areas such as data risk, operational risk, strategic risk, etc. Works with all departments as applicable. 
  • Participates in planning and ongoing efforts related to regulatory compliance oversight, vendor management, business continuity.  
  • Supports Director of Compliance and Internal Audit with activities related to Information Security Oversight Committee, including attending meetings when requested. 
  • Supports Director of Compliance and Internal Audit with activities related to Board Policy development and revision, including attending meetings when requested.

 

Reviews NCUA and industry publication and news, and attends training for these areas of responsibility in order to develop and/or maintain awareness of requirements or best practices.

Qualifications

EDUCATION and/or EXPERIENCE

 

A Bachelor’s degree from accredited college in relevant field is required.  Five years’ experience as an internal auditor in a financial institution is required.  Knowledge of business insurance and/or enterprise risk management is required.  Professional certification in regulatory compliance or risk management is preferred. 

 

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