Chief Risk Officer

**Join Our Team as Chief Risk Officer**

YNCU is seeking an experienced and strategic Chief Risk Officer (CRO) to join our leadership team. This is a critical role for a visionary risk leader who can proactively identify, assess, and manage risks while driving a culture of resilience and compliance.

As our CRO, you will be responsible for developing and implementing enterprise risk management strategies, ensuring regulatory compliance, and working closely with executives to align risk management with business goals. We need someone with a deep understanding of governance, financial risk, operational risk, and emerging threats in today’s dynamic business environment.

If you are a results-driven risk professional with a passion for safeguarding business stability and enabling growth, we’d love to hear from you

**JOB SUMMARY**:
Reporting to the Chief Executive Officer (CEO), the Chief Risk Officer (CRO) at YNCU is responsible for and oversees Enterprise Risk Management (ERM), Collections and the Commercial and Retail Credit teams. The role is responsible for operational, financial and compliance-related risks. As the leader for the Enterprise Risk Management (ERM) function, the CRO will be accountable for all aspects of risk management. The CRO is directly accountable to YNCU’s Risk Committee for all matters of risk, including developing, implementing and overseeing the organization’s risk management framework to identify, assess, manage and mitigate risks that could impact YNCU’s strategic goals and operations.

The CRO is charged with the responsibility of balancing all stakeholder needs and interests, and ensuring YNCU operates at a best practice level, consistent with the Credit Union’s Credit Risk and Enterprise Risk Management Policy.

KEY ACCOUNTABILITIES OF THE CRO ROLE
- As a member of the Executive Leadership Team, actively participate in helping to set the strategic direction of the organization
- Develop and set the vision and strategy for the Enterprise Risk Management (ERM) function
- Work closely with the Executive Leadership Team and the Board’s Risk Committee.
- Manage the process for developing risk policies and procedures, risk limits, and approval authorities for the organization
- Ensure an organization-wide view, understanding and ownership of the combined risks of the business and their inter-relationships (interest rate risk, liquidity risk, operating risk, credit risk, reputational risk, regulatory risk) and embed a positive culture of confident and informed risk-taking through training, communication, and promotion of the agreed risk framework
- Manage the corporate risk and control assessment reporting process, as well as manage and maintain infrastructure elements (e.g. management reporting, including reporting to senior management)
- Work with business leaders to develop plans to mitigate risks and monitor the progress of risk mitigation activities and manage the process for elevating control risks to more senior levels when appropriate
- Review and provide recommendations on capital to projects based on risk
- Design and implement an enterprise-wide risk management framework that aligns with the organization’s goals and industry’s best practices
- Manage the development and implementation of all aspects of the risk function, including processes, tools, and systems to identify, assess, measure, manage, monitor, and report risks
- Provide strategic leadership and guidance to all functional areas of the Credit Union related to the management of risk
- Proactively establish and oversee appropriate risk management programs to ensure that YNCU is following all statutory and regulatory requirements
- Develop and maintain a risk conscious culture where opportunity and risk are appropriately balanced to support long term growth and profitability, while ensuring a risk-based optimization of business changes within the Credit Union’s risk tolerance
- Provide oversight of Risk Management reporting to measure compliance with policy, process & control objectives
- Provide oversight of AML processes and reporting
- Oversee the Credit Union’s property, casualty and bond insurance programs to ensure adequate, cost-effective coverage appropriate to the size, functional operations and complexity of the Credit Union
- Provide decisive, analytical decisions to prioritize & communicate key objectives/tactics to achieve YNCU risk management objectives
- Maintain and align all operational policies on an ongoing basis for the Credit Union, including Retail, Information Technology, Compliance and Risk Management Policies.
- Lead the credit adjudication, administration, and collection teams in the day-to-day operations of all credit related functions
- Develop collaborative and interdependent working relationships with the Commercial & Retail Sales, Finance and Audit Teams
- Present and report on credit activities monthly to the Board Credit Committee, including watch-list reporting

GOVERNANCE AND COMP