Supervisor, REL Risk Management

YOUR LIFE'S MISSION: POSSIBLE

You have goals, dreams, hobbies and things you're passionate about.

What'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 them-friends, family and passions. And we're looking for team members who are passionate about our mission-making a difference in military members' and their families' lives. Together, we can make it happen.

Don't take our word for it.

* Military Times 2021 Best for Vets Employers
* WayUp Top 100 Internship Programs
* Forbes 2022 The Best Employers for New Grads
* Forbes America's Best Employers
* Newsweek Top 100 Most Loved Workplaces
* Fortune Best Workplaces for Women
* Fortune 100 Best Companies to Work For
* Computerworld Best Places to Work in IT

Basic Purpose

To supervise the activities of REL Risk Management functions to ensure timeliness and accuracy of the work performed and adherence to applicable federal, mortgage lending, and Navy Federal Credit Union regulations and guidelines. Support REL Risk Management to ensure processes and procedures are consistent and in alignment with department/organizational objectives. Adjust work assignments and manage work volume fluctuations to ensure overall effectiveness of risk management programs, risk analytics and business operations. Record, track, and monitor documentation issues and productivity. Provide leadership and guidance on staff training of procedures.

Responsibilities

* Supervise the day-to-day activities of REL Risk Management functions to ensure timeliness and accuracy of the work performed and adherence to applicable federal, mortgage lending, and Navy Federal Credit Union regulations and guidelines
* Identify and implement tools, methods, and programs to identify and mitigate operational and regulatory REL risks to improve risk exposure
* Oversee completion of monthly reports and files presented to management; respond promptly to inquiries from senior management
* Monitor work volume and multiple risk management work queues; adjust work assignments to meet work volume fluctuations and regulatory deadlines
* Assist management to identify and develop innovative, creative, and strategic initiatives for process improvements to sustain and improve REL risk
* Serve as point of contact for Risk Management Specialists to resolve escalated questions from members, staff, and management
* Monitor work volume and schedule adherence using workforce management systems/tools to identify gaps and meet production objectives, address staffing issues
* Stay abreast of mortgage risk industry changes to include rules and regulations, best practices, and trends; communicate changes to staff as appropriate
* Establish and monitor qualitative and quantitative measures to meet mortgage risk and fraud goals to align with business strategy
* Analyze and compile statistical reports weekly, monthly, annually for Management
* Partner with staff, senior management, and other business units and functions to assess and support organization risk mitigation needs by developing strategies, tactics, and quality review solutions
* Assist with establishing Risk and Control Self-Assessments (RCSAs), Controls Testing to evaluate control effectiveness and identify control failures to minimize risk exposures.
* Provide administrative support for projects and initiatives related to risk management, and/or fraud detection/ prevention
* Provide or coordinate training to users regarding change/release management processes and procedures; document and communicate updates
* Supervise the identification and remediation of control deficiencies, develop solutions to strengthen controls, and oversee corrective actions to aid management decisions
* Stay abreast of regulatory compliance standards, new and developing risk trends and best practices
* Provide feedback to ensure training is in full compliance with all applicable statutory requirements and Navy Federal policies, procedures, rules, regulations, and values
* Ensure risk control recommendations/solutions to support optimal internal/external exam/audit preparedness
* Contribute to a culture of collaboration by actively working across business lines and sharing knowledge
* Perform supervisory/managerial responsibilities:
- Ensure adequate/skilled staffing; select employees
- Establish performance goals and priorities
- Prepare, conduct, and review performance appraisals
- Develop, mentor and counsel staff
- Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
- Ensure section/branch goals and objectives align with division/department strategy
- Ensure efficiency of operations
* Perform other duties as assigned
Qualifications

* Bachelor's Degree in a related field or the equivalent combination of education, training, and/or experience
* Advanced knowledge of operational and regulatory risks and controls, including knowledge of risk management techniques from both detection and mitigation perspectives
* Advanced risk assessment methodology and systems skills
* Experience leading and managing an analytics and risk operation team, preferably in a large financial institution, including operational and regulatory risk controls
* Experience in managing audits working with internal audit and external examiners
* Demonstrated leadership skills and the ability to guide others and prioritize multiple duties to achieve results in a multi-tasked, time sensitive office environment
* Significant experience managing multi-dimensional teams and projects which involve organization, holding strategy and status meetings, planning, motivating, and managing the work of participants
* Experience in managing risk and/or compliance related activities in financial services or other relevant industry
* Effective organizational, planning and time management skills
* Experience demonstrating thought-leadership, initiative-taking, decision making and creativity in solving business problems
* Advanced analytical/quantitative, reconciliation and deductive reasoning skills
* Advanced skill building effective relationships with all levels of staff, management, stakeholders, and vendors, through rapport, trust, diplomacy, and tact
* Significant experience working with cross-functional teams and leading projects
* Effective verbal, written, interpersonal, and presentation skills to communicate clearly and concisely technical and non-technical information to all levels of management
* Advanced word processing and spreadsheet software skills

Desired

* Risk Management or Regulatory Compliance Certification such as ICBBR, FRM, or NCCO
* Working knowledge of NCUA and FFIEC regulations, COSO, and other risk frameworks a plus
* Knowledge of Navy Federal's functions, philosophy, products, and services

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.

Salary Range: $104,500 - $146,300 annually

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 position.

Posting End Date: 2/14/2023

Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume.

Equal 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

Disclaimer

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.

Bank Secrecy Act

Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.