Assistant Manager, Real Estate Lending (REL) Risk Management

Company: Navy Federal Credit Union
Location: Vienna
Posted on: May 1, 2024

Job Description:

OverviewTo assist with managing, planning and oversight of 1st line risk management functions for the Real Estate Lending (REL) Division to ensure the overall effectiveness of risk and compliance management programs, risk analytics and operations. Plan, develop, and implement operational risk frameworks/measurements methodologies, policies, standards, and procedures to ensure effective quality control and audit procedures. Ensure operational risk programs align with strategic business initiatives, achieve business and quality objectives, mitigate risk and enhance operating procedures. Promote operational efficiency and service excellence through appropriate risk controls, process improvements and training.This position is eligible for the TalentQuest employee referral program. If an employee referred you for this job, please apply using the system-generated link that was sent to you.ResponsibilitiesAssist with the management of functional reviews, root cause analysis, and analysis of operational risk in RELDevelop and implement tools, methods, and programs to identify and mitigate operational and regulatory risks to mitigate risk exposureManage and partner on efforts to identify and develop innovative, creative, and strategic initiatives for process improvements to sustain and improve risk in RELCollaborate with the Office of General Counsel (OGC), 2nd Line Regulatory Compliance, Enterprise Risk Management (ERM), Lending, Information Security and other NFCU Business Units, Audit, and regulators to support risk and compliance-based initiativesCollaborate with other business units and functions to assess and support organization risk mitigation needs by developing strategies, tactics, and quality review solutionsEstablish Risk and Control Self-Assessments (RCSAs), and Controls Testing to evaluate control effectiveness, identifying control failures, Issues and Events management, facilitating risk and compliance remediation, internal and external audits and regulatoryOversee quality control audits to ensure compliance with applicable federal and state laws, rules, regulations, and NFCU policies and proceduresManage the identification and remediation of control deficiencies, develop solutions to strengthen controls, and oversee corrective actions to aid management decisionsCommunicate quality assurance procedures, existing protocols, and effective controls to improve products and servicesCollaborate with staff, senior management, and business unit partners to assess and support organization risk mitigation needs by developing strategies, tactics, and quality review solutionsEvaluate the adequacy of corrective action taken on past reviews and report on the status of approved recommendationsMeasure and evaluate the success of risk programs to determine their effectiveness and to ensure the business units' adherence to the risk framework requirements, internal policies, and best practicesStay abreast of regulatory compliance standards, new and developing risk trends and best practicesProvide feedback to ensure training is in full compliance with all applicable statutory requirements and Navy Federal policies, procedures, rules, regulations, and valuesEnsure risk control recommendations/solutions support optimal internal/external exam/audit preparednessAcquire, process diverse information to develop effective recommendations and corrective actions for management actions/initiativesContribute to a culture of collaboration by actively working across business lines and sharing knowledgeOversee quality control audits to ensure compliance with applicable federal and state laws, rules, regulations, and NFCU policies and proceduresPerform other duties as assignedQualificationsAdvanced knowledge of operational and regulatory risks and controls, including knowledge of risk management techniques from both detection and mitigation perspectivesSignificant experience in risk assessment methodology and systemsExperience in managing audits working with internal audit and external examinersAdvanced knowledge of, and proficiency in, data analysis, reporting, and operations researchAbility to develop conclusions and feasible alternatives to formulate courses of action, including forecasting and cost-benefit analysisSignificant experience managing multi-dimensional teams and projects which involve organization, holding strategy and status meetings, planning, motivating, and managing the work of participantsExperience in managing risk and/or compliance related activities in financial services or other relevant industryAdvanced knowledge of applicable federal and state laws, rules, and regulationsAdvanced knowledge of mortgage/banking/financial industry trends, products, and servicesExperience demonstrating thought-leadership, initiative-taking, decision making and creativity in solving business problemsExperience managing multiple priorities independently and/or in a team environment to achieve goalsWorking knowledge of mortgage fraud issues, patterns, and processesExperience leading and managing an analytics and risk operation, preferably in a large financial institution, including operational and regulatory risk controlsAdvanced leadership skills and the ability to guide others and prioritize multiple duties to achieve results in a multi-tasked, time sensitive office environmentAdvanced analytical/quantitative, reconciliation and deductive reasoning skillsAdvanced skill developing and implementing programsAdvanced skill building effective relationships with all levels of staff, management, stakeholders, and vendors, through rapport, trust, diplomacy, and tactAdvanced verbal, written, interpersonal, and presentation skills to communicate clearly and concisely technical and non-technical information to all levels of managementEffective skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementationBachelor's Degree in a related field or the equivalent combination of education, training, and/or experienceDesired Qualification(s)Knowledge of ACES Quality Control Software programWorking knowledge of NCUA and FFIEC regulations, COSO, and other risk frameworks a plusKnowledge of Navy Federal's functions, philosophy, products, and servicesRisk Management or Regulatory Compliance Certification such as ICBBR, FRM, or NCCOHours: Monday - Friday, 8:00AM - 4:30PMLocations: 820 Follin Lane, Vienna, VA 22180 - 5510 Heritage Oaks Drive, Pensacola, FL 32526About 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 , Assistant Manager, Real Estate Lending (REL) Risk Management, Executive , Vienna, Virginia