Manager, Compliance and Third Party Risk Operations
Company: Navy Federal Credit Union
Location: Vienna
Posted on: May 8, 2024
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Job Description:
OverviewTo design, develop, and implement third party
operational risk and compliance frameworks, to effectively
identify, assess, monitor and measure risk involving people,
processes, systems and external events. Provide subject matter
expertise and guidance regarding exams, internal audits, compliance
with audit expectations, and third party exams. Support the
Business Unit throughout full lifecycle of compliance issues from
identification to closure. Partner with the business to provide
oversight and mitigation strategies for identified risks, and
determine residual risk. Conduct periodic reviews based on residual
risk ratings for third parties. Collaborate with stakeholders,
Information Security, Business Continuity, Comptroller, and other
business units as required. Monitor third party risk assessment
process and procedures, providing process improvement
recommendations to leadership.ResponsibilitiesManage, review, and
coordinate responses, examination briefings, and ad hoc requests
to/from regulatory agencies in conjunction with VP Risk
ManagementManage and coordinate Business Unit examination readiness
reviews to effectively prepare for impending and potential
examinationsAdvise, facilitate, and collaborate on program/service
changes that improve regulatory readiness, anticipate regulatory
trends or actions, or enhance regulatory responsivenessWork on
projects, process improvement efforts, and business unit training
initiatives that comply with, mitigate or potentially mitigate,
current or future regulatory expectations and/or impactsOversee
tracking and coordination of Business Unit responses, examination
briefings, and ad hoc requests to/from regulatory agenciesLead,
compliance and/or risk-related discussions with Business Unit,
including examination preparation sessions, post-review
discussions, and ad hoc meetings as neededSupport Business Unit
leadership and partner with team to identify issues, opportunities,
and develop and implement remediation plans and process improvement
opportunities to mitigate risk and enhance compliance requirements
and expectationsProvide guidance to Business Unit operational and
strategic objectives, as related to compliance impactsInterpret
compliance findings; identify control deficiencies, evaluate risk
implications, and draw the appropriate conclusions to best
communicate to Business UnitEstablish and monitor key performance
indicators of team, determine gaps in performance metrics, and
recommend/execute change management techniques for
efficiency/quality improvementsProvide support for various elements
of BU Third Party Risk Management (TPRM) programCollaborate with
management and staff to optimize risk assessment and to identify
which third parties require risk assessmentsSupport identification
of key risk indicators for BU to identify emerging risks and
potential solutionsAssist in designing and developing dashboards,
scorecards, and reports using appropriate metrics (e.g., key
indicators, emerging risks, control effectiveness, etc.)Engage with
stakeholders to assist in determining appropriate level of vendor
oversightDevelop and maintain an understanding of relevant industry
standards, best practices, business processes, and technologies, as
applicable and necessary to the Business UnitPartner with senior
management to ensure internal/external exam preparednessPerform
supervisory/managerial responsibilitiesEnsure adequate/skilled
staffing; select employeesEstablish performance goals and
prioritiesPrepare, conduct, and review performance
appraisalsDevelop, mentor and counsel staffProvide input and/or
prepare budget requirements for Annual Financial Plan (AFP)Ensure
section/branch goals and objectives align with division/department
strategyEnsure efficiency of operationsLeadership Level - Supervise
daily activitiesPerform other related duties as
assignedQualificationsExpert knowledge of operational risk
management concepts and practicesAdvanced knowledge and
understanding of Third Party Risk Management in a large financial
institution settingAdvanced experience in compliance enforcement
and/or auditingAdvanced knowledge of compliance, laws and
regulations relating to the Business Unit, including NCUA, CFPB
regulationsAdvanced experience in leading, directing and
controlling a multi-function corporate/institutional operation and
demonstrated skill in leading others to achieve goalsAdvanced
experience in implementing strategic initiatives to support
organizational objectivesExperience in thought-leadership,
initiative taking, decision-making and creative
problem-solvingSignificant experience working with all levels of
staff, management, stakeholders, vendorsSignificant experience
managing and developing employeesExperience in project/program
management processes and methodologiesExpert experience managing
multiple priorities independently and/or in a team
environmentAdvanced knowledge and skills with PCs and related
software applications (word processing, spreadsheet and
presentation,Expert skill leading with diplomacy and tact while
maintaining appropriate assertiveness and persistenceAdvanced skill
to influence, negotiate and & persuade to reach agreeable exchange
& positive outcomesAdvanced relationship building, negotiation and
facilitation skillsAdvanced analytical/quantitative, reconciliation
and deductive reasoning skillsExpert skill presenting findings,
conclusions, alternatives, and information clearly and
conciselyExcellent interpersonal, verbal, and written communication
skillsBachelor's Degree in a Business Administration, Economics, or
the equivalent combination of training, education and/or
experienceDesired QualificationsExperience with credit union
financials and/or regulationsDirect experience in compliance
activities with/within financial institutionsWorking Knowledge of
NFCU products, services, programs, policies, and proceduresExpert
analytical/quantitative, reconciliation and deductive reasoning
skillsMaster's Degree in a related field, or the equivalent
combination of training, education, and experienceHours: Monday -
Friday, 8:00AM - 4:30PMLocation: 820 Follin Ln. Vienna, Virginia
22180About UsYou have goals, dreams, hobbies, and things you're
passionate aboutwhat's important to you is important to us. We're
looking for people who not only want to do meaningful, challenging
work, keep their skills sharp and move ahead, but who also take
time for the things that matter to themfriends, family, and
passions. And we're looking for team members who are passionate
about our missionmaking a difference in military members' and their
families' lives. Together, we can make it happen. Don't take our
word for it: Military Times 2022 Best for Vets Employers WayUp Top
100 Internship Programs Forbes 2022 The Best Employers for New
Grads Fortune Best Workplaces for Women Fortune 100 Best Companies
to Work For Computerworld Best Places to Work in IT Ripplematch
Campus Forward Award - Excellence in Early Career Hiring Fortune
Best Place to Work for Financial and Insurance ServicesEqual
Employment Opportunity: Navy Federal values, celebrates, and enacts
diversity in the workplace. Navy Federal takes affirmative action
to employ and advance in employment qualified individuals with
disabilities, disabled veterans, Armed Forces service medal
veterans, recently separated veterans, and other protected
veterans. EOE/AA/M/F/Veteran/Disability
EOE/AA/M/F/Veteran/DisabilityDisclaimers: Navy Federal reserves the
right to fill this role at a higher/lower grade level based on
business need. An assessment may be required to compete for this
position. Job postings are subject to close early or extend out
longer than the anticipated closing date at the hiring teams
discretion based on qualified applicant volume. Navy Federal Credit
Union assesses market data to establish salary ranges that enable
us to remain competitive. You are paid within the salary range,
based on your experience, location and market positionBank Secrecy
Act: Remains cognizant of and adheres to Navy Federal policies and
procedures, and regulations pertaining to the Bank Secrecy Act.by
Jobble
Keywords: Navy Federal Credit Union, Centreville , Manager, Compliance and Third Party Risk Operations, Executive , Vienna, Virginia
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