Overview The Vice President, Financial Risk is responsible for providing strategic leadership, oversight, and governance of the organization's financial risk management framework. This role leads the identification, measurement, monitoring, reporting, and mitigation of key financial risks, including supporting credit risk, liquidity risk, interest rate risk, market risk, concentration risk, and capital adequacy risk. The Vice President serves as a trusted advisor to executive leadership, risk committees, and the Board, ensuring that financial risk exposures remain within the organization's risk appetite while supporting sustainable growth and strategic objectives.
Responsibilities- Develop and maintain the enterprise Financial Risk Management Framework.
- Establish risk management strategies aligned with organizational objectives and risk appetite.
- Provide thought leadership on emerging financial risks, economic trends, and regulatory developments.
- Partner with executive leadership to support strategic planning, capital planning, and business growth initiatives.
- Serve as a key advisor to the Enterprise Risk Committee, Asset Liability Committee (ALCO), Credit Risk Committee, and Board Risk Committee.
- Oversee stress testing, scenario analysis, forecasting, and quantitative risk modeling. Evaluate stress testing results and recommend actions to mitigate emerging risks.
- Monitor capital adequacy and liquidity metrics to ensure ongoing financial strength.
- Partner with Treasury and Finance leaders to optimize balance sheet performance while maintaining prudent risk levels.
- Coordinate with Finance on delinquency & loss forecasting, stress testing, and loan loss reserving and provisioning requirements. Provide oversight over the Allowance process and Quantitative Risk Factors.
- Provide guidance, partner and deploy sophisticated credit risk models, tools & strategies
- Monitor portfolio performance, concentration risks, delinquency trends, charge-offs, and loss forecasting.
- Lead oversight of interest rate risk, liquidity risk, and balance sheet management activities.
- Provide oversight of investment portfolio risks, including market, concentration, and counterparty risk.
- Ensure effective monitoring and reporting of investment risk exposures.
- Evaluate impacts of economic conditions and market volatility on organizational performance.
- Ensure robust governance practices and escalation protocols across financial risk domains.
- Lead financial risk assessments related to new products, services, acquisitions, and strategic initiatives.
- Monitor emerging regulatory expectations and implement required changes.
- Maintain risk dashboards and executive reporting packages.
- Act as a liaison for all internal, external, regulatory, and accounting audits. Corrects and addresses findings in a manner that limits recurrence and promotes adherence to policies and regulations. Implement initiatives (e.g., control programs such as self-assessment, quality assurance, application audits, etc.) to ensure consistency and compliance with credit policies and any requirements set out by regulators.
- Strategic thinking and enterprise-wide perspective
- Executive presence and influence
- Financial risk measurement methodologies
- Risk analytics and quantitative modeling
- Strong understanding of financial institution operations
- Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures.
Qualifications- Bachelor's degree in Finance, Accounting, Economics, Risk Management, Business Administration, or related field required.
- Master's degree (MBA, MS Finance, Economics, or related discipline) preferred.
- 10+ years of progressive experience in financial risk management, banking, credit union, treasury, finance, or enterprise risk management.
- 5+ years of leadership experience managing risk professionals and programs.
- Significant experience with: Credit Risk Management, Asset Liability Management (ALM), Interest Rate Risk (IRR), Liquidity Risk, Capital Planning, Stress Testing, Regulatory Examinations, Enterprise Risk Management Frameworks.
- Technical Expertise: Proven experience with financial modeling software, risk management systems, and programming (e.g., VBA, SQL, or MatLab). Knowledge of SAP and SUMMIT is a plus.
Physical Activities/Requirements
- This position is based out of the Dublin HQ office.
Target Base Pay$240,000-$250,000
Compensation at PatelcoPlease note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.
We OfferPhysical Health:
- Exceptional Medical, Dental, Vision, and Life Insurance benefits
- Onsite fitness center at HQ and rewards for completing wellness related activities
Financial Health:
- Competitive compensation packages with bonus opportunity
- 401(k) with 3% Safe Harbor and 5% employer match
- Discounts on loan products
- Tuition reimbursement
Emotional Health:
- Employee Assistance Program (EAP)
- PTO for part-time and full-time positions
- Paid holidays
Personal Development:
- On-the-job training and skills development
- Internal transfer opportunities for career growth
- Volunteer work
Flexible work arrangements available for specific positions
