The Risk Management Specialist (Full Time Hybrid Remote) serves as a central point of contact for risk assessment process. Facilitates the risk identification processes. Creates reports/dashboard to monitor management issues and develops methodologies for the assessment of risks throughout the organization. Prepares reporting to risk committees, coordinates testing/validation of mitigation responses and supports the overall development of the ERM framework. Liaises with other departments/stakeholders through regular communication and Governance-Risk-Compliance (GRC) tools.

The annual pay range for this position is $71,903.20 - $107,854.80 depending on experience, skills, education and internal equity.

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

• Assists with the setup, enhancement, and administration of the risk management software systems (Governance/Risk/Compliance or "GRC") to evaluate risk; identifies potential risk issues and recommends changes to management in support of organizational goals and objectives. Creates and maintains individualized action plans for identified gaps or issues.
• Develops risk reporting/communication material based on audience; educates the board of directors about the most significant risks to the business, ensures business leaders understand the risks that may affect their departments, and ensures individuals understand their own accountability for individual risks.
• Conducts risk analysis throughout the organization to ensure risk data is captured, risk mitigation strategies and controls are developed, and appropriate reporting mechanisms are in place for each business unit.
• Updates risk assessments and regular testing results in Logix' GRC tools.
• Communicates Operational Risk Management program mission and value to business units; partners with business unit leadership and staff engaged in risk management related activities.
• Supports the design and implementation of the overall risk management process for the organization.
• Analyzes financial impact of risks and assists in establishing the company's risk tolerance level.
• Monitors, coordinates, and/or facilitates business unit-specific risk remediation planning and reporting.
• Regularly communicates with the business units regarding current and planned Risk Management processes, ensuring that risk is addressed in the early stages of the new business function/product development.
• Develops key risk indicators (KRIs), methodology and reporting using data collected from the GRC tool or other data sources such as in-house reporting and external data providers.
• Performs insurance coverage analysis and assist with insurance procurement.
• Coordinates and conducts policy and compliance audits, including liaising with internal and external auditors.
• Assists in reviewing any new major contracts or internal business proposals from a risk perspective, which will include liaising with Vendor Management and Compliance teams.
• Maintains sufficient knowledge of the Credit Union's operations, applicable laws, financial services, and regulatory trends that impact the Credit Union.

QUALIFICATIONS (Education, Experience, Knowledge, Skills & Ability):

• A minimum of 3 years operational experience in the banking/credit union industry, preferably with systems utilized by LFCU.
• 3+ years of previous experience in Risk Management, Compliance, and/or Internal Audit required.
• Self-motivated, flexible, and able to work in a fast-paced environment, with the ability to handle multiple jobs and tasks assigned.
• Excellent verbal and written communication skills, be personable and able to communicate with personnel on a variety of levels within the company.
• Must be able to maintain strict confidentiality and hold company information in confidence.
• Prior accounting, auditing, or project management experience is preferred.
• Bachelors' Degree from a four-year college or university preferred.
• Intermediate to advanced Microsoft Excel knowledge.

Must also demonstrate conduct consistent with our Corporate Values:

• Practice open Communication with all levels;
• Be Accountable by taking ownership of customer issues and responsibility for one's actions;
• Foster Teamwork by cooperating and collaborating with other employees;
• Seek ways to make the workplace Fun for oneself & others;
• Conduct oneself with Integrity by being honest, trustworthy and ethical in all work activities and interactions;
• Work with a Service Orientation by having a genuine concern for the needs of one's customers and by being friendly, professional and following through on commitments; and
• Demonstrate Humility in all interactions and remember to leave one's ego at the door when one arrives to work.

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.