CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
Purpose & Core Values
The primary purpose of any position is to assist Community Choice Credit Union to live out our purpose: we believe in helping our neighbors achieve the life they desire. A key component of this purpose is to provide outstanding service to both internal and external members by living our core values.
Position Summary
The core duty of the Assistant Risk Manager position is to manage the Risk Management department's Bank Secrecy Act and Fraud components. This role entails overseeing the Senior and Risk Management Specialist positions and taking charge of crucial areas such as FinCen reporting, fraud investigation, and cannabis-related banking activities. The Assistant Risk Manager will collaborate closely with the Risk Management Specialist team to ensure the proper execution of Bank Secrecy Act procedures, while also focusing on fraud prevention, process enhancement, and providing coaching and guidance. The Assistant Risk Manager for Fraud / Bank Secrecy Act (BSA) plays a critical role in safeguarding the credit union from fraudulent activities and ensuring compliance with all relevant BSA regulations. This role involves complying with state regulations and oversight of proper monitoring with cannabis related business accounts. This position reports directly to the Risk Manager and is involved in developing, implementing, and maintaining effective fraud prevention and BSA programs within the organization. This role often works closely with other stakeholders to assess, monitor, and mitigate risks related to Bank Secrecy Act compliance and fraudulent activities.
Core Competencies
Position Competencies
Job Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirement listed below are representative of the knowledge, skill, and/or ability necessary for this position.
Remote Work Eligibility
Position is fully eligible for a Hybrid Work Arrangement
Reasonable Accommodations
The physical and mental demands are representative of those that must be met by an employee to successfully perform the essential functions of their job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job requirements, physical demands and do so within our work environment.
Education
High School Diploma required
Bachelor’s Degree preferred
Experience
Two years to five years of similar or related experience.
Knowledge of Cannabis Related Business banking preferred
Skills & Abilities
Mental Demands
The team member must be able to read and interpret documents or instruments, understand and/or follow complex written and oral instructions, make decisions, recall multiple policies or procedures, resolve problems or unique circumstances in a timely and efficient manner, be able to express oneself clearly and/or concisely, perform mathematical functions, and handle multiple, concurrent tasks.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to talk or hear. The employee is frequently required to sit and use hands to finger, handle, or feel. The employee is occasionally required to stand; walk; reach with hands and arms and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
General Statement
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.