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Overview

Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family.

PenFed is hiring a (Hybrid) VP Enterprise Operational Risk Management at our Tysons, Virginia location. The primary purpose of this job is to collaborate with cross-functional risk partners to enhance our risk management programs, including risk inventory, assessment, monitoring, loss event tracking and reporting, and stress scenario design and loss estimation. This position will play a key role in standing up the Operational Risk Management Council/Forum and engaging key stakeholders across the three lines of defense. The individual will be responsible for developing and presenting enterprise operational risk materials at various management and Board Level committees.

Responsibilities

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

+ Lead cross-functional efforts to design and implement a comprehensive enterprise-wide operational risk framework and strategies

+ Partner with key stakeholders across three lines of defense to ensure that operational risks across business lines are identified, assessed, monitored and mitigated in alignment with our Board-approved risk appetite

+ Establish and facilitate risk governance forums, including Operational Risk Council/Forum and provide regular updates to senior management

+ Develop enterprise operational risk dashboards and enhance key risk indicators (KRIs) to capture key operational loss categories

+ Work with business lines to evaluate the existing incident tracking practices and establish the enterprise-wide operational incident tracking method and process

+ Engage in response and communication strategies for material operational risk incidents

+ Develop and implement operational stress scenario design, analysis and loss estimation approach

+ Enhance the Governance, Risk and Compliance (GRC) system to support operational risk management

+ Provide effective challenges to controls testing and monitor performance of the operational risk management activities by business units.

+ Develop and enhance policies, standards and procedures

+ Promote a strong risk culture and operational resilience mindset across the firm

+ Lead audit and regulatory engagement for matters related to operational risk management programs

*This role is responsible for ensuring business continuity.*

Qualifications

Equivalent combination of education and experience is considered.

+ Bachelor’s Degree in Business, or a related field.

+ Minimum of fifteen (15) years’ experience in enterprise risk management, operational risk management, financial risk management, governance, compliance, or audit in the financial industry.

+ Minimum of five (5) years of direct management experience.

+ Minimum of five (5) years of related experience in a director role.

+ Professional experience with applying COSO standards for internal control and risk management.

+ Experience creating policies and procedures codifying best risk management practices.

+ Capital planning and Stress-testing experience.

+ Experience working with a GRC system such as Archer.

+ Ability to think strategically and analytically, solve problems, and manage multiple, concurrent projects is required.

+ Strong self-motivation and ability to bring projects to completion independently.

+ Strong written and verbal communication skills are required, including communicating effectively and confidently at all levels, demonstrating emotional intelligence, and applying sound judgment.

+ Proven partnership and problem-solving skills in areas of complexity and change.

+ Strong analytical and quantitative experience preferred.

+ Data management/Data governance experience preferred.

Supervisory Responsibility

This position will supervise employees.

Licenses and Certifications

There are no additional certifications required.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on-call may is required.

About Us

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.

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