Assistant Manager, Real Estate Lending Risk Management

Overview

To assist with managing, planning and oversight of line risk management functions for the Real Estate Lending (REL) Division to ensure the overall effectiveness of risk and compliance management programs, risk analytics and operations.

Plan, develop, and implement technology operational risk frameworks, methodologies, policies, standards, and procedures to ensure effective quality control and audit procedures.

Ensure operational risk programs align with strategic business initiatives, achieve business and quality objectives, mitigate risk, and enhance operating procedures.

Promote operational efficiency and service excellence through appropriate risk controls, process improvements and training

Responsibilities

• Establish Risk and Control Self-Assessments (RCSAs), and Controls Testing to evaluate control effectiveness, identifying control failures, issues and event management, facilitating risk and compliance remediation, internal and external audits, and regulatory requirements over technology risk.
• Develop and implement tools, methods, and programs to identify and mitigate technology operational and regulatory risks.
• Manage and partner on efforts to identify and develop innovative, creative, and strategic initiatives for process improvements to sustain and improve risk in REL.
• Collaborate with the Office of General Counsel (OGC), 2nd Line Regulatory Compliance, Enterprise Risk Management (ERM), Lending, Information Security and other NFCU Business Units, Audit, and regulators to support risk and compliance-based initiatives.
• Collaborate with other business units and functions to assess and support organization risk mitigation needs by developing strategies, tactics, and quality review solutions.
• Manage the identification and remediation of control deficiencies, develop solutions to strengthen controls, and oversee corrective actions to aid management decisions.
• Collaborate with staff, senior management, and business unit partners to assess and support organization risk mitigation needs by developing strategies, tactics, and quality review solutions.
• Evaluate the adequacy of corrective action taken on past reviews and report on the status of approved recommendations.
• Measure and evaluate the success of risk programs to determine their effectiveness and to ensure the business units' adherence to the risk framework requirements, internal policies, and best practices.
• 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 support optimal internal / external exam / audit preparedness.
• Acquire, process diverse information to develop effective recommendations and corrective actions for management actions / initiatives.
• Contribute to a culture of collaboration by actively working across business lines and sharing knowledge.
• Perform other duties as assigned

Qualifications

• Advanced knowledge of technology operational and regulatory risks and controls, including knowledge of risk management techniques from both detection and mitigation perspectives
• Experience in risk assessment methodology and systems
• Experience in managing audits working with internal audit and external examiners.
• Advanced knowledge of, and proficiency in, data analysis, reporting, and operations research
• Ability to develop conclusions and feasible alternatives to formulate courses of action, including forecasting and cost-benefit analysis.
• Considerable 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.
• Advanced knowledge of applicable federal and state laws, rules, and regulations
• Advanced knowledge of mortgage / banking / financial industry trends, products, and services
• Experience demonstrating thought-leadership, initiative-taking, decision making and creativity in solving business problems.
• Experience managing multiple priorities independently and / or in a team environment to achieve goals.
• Experience leading and managing an analytics and risk operation, preferably in a large financial institution, including operational and regulatory risk controls.
• Advanced leadership skills and the ability to guide others and prioritize multiple duties to achieve results in a multi-tasked, time sensitive office environment.
• Advanced analytical / quantitative, reconciliation and deductive reasoning skills
• Advanced skill developing and implementing programs.
• Advanced skill building effective relationships with all levels of staff, management, stakeholders, and vendors, through rapport, trust, diplomacy, and tact.
• Advanced verbal, written, interpersonal, and presentation skills to communicate clearly and concisely technical and non-technical information to all levels of management.
• Effective skill in project management to include establishing and leading project teams; managing timelines / deadlines / resources;

ensuring successful project implementation.

Bachelor's Degree in a related field or the equivalent combination of education, training, and / or experience.

Desired Qualifications

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

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

Locations : 820 Follin Lane Vienna, Virginia 22180 5550 Heritage Oaks Dr. Pensacola, FL 32526 141 Security Drive Winchester, VA 22602 9999 Willow Creek Road San Diego, CA 92131

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed;

and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024
• Computerworld Best Places to Work in IT
• Forbes 2024 America's Best Large Employers
• Forbes 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials 2023
• Fortune Best Workplaces for Women 2023
• Fortune 100 Best Companies to Work For 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs

From Fortune . 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

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 EOE / AA / M / F / Veteran / Disability

Hybrid Workplace : Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers : 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.

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.

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

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