VP Risk Management

Tidemark FCU - Seaford DE (Remote)


Position Title:     Vice President of Risk Management
Reports to:         Chief Executive Officer
Category:         Exempt
Status:         Regular Full-Time
Location:        Remote (US Based, Work Hours 8am to 5pm EST) or Onsite
Headquarters:    Seaford, DE 

Position summary: 

The role of the Vice President of Risk Management is to oversee Internal Audit, Compliance, BSA/OFAC and Fraud Mitigation. Administer the Enterprise Risk Management functions. Review, update and disseminate information regarding laws and regulations and recommend policy changes to Executive Management that will facilitate the Credit Union’s compliance program, reduce risk and reflect changes in regulation. Serve as the primary resource for and provide oversight of the investigative techniques and advice on the disposition of alerts with escalation of any activity related to potential fraud and criminal activity; the Bank Secrecy Act/Anti-Money Laundering/Office of Foreign Assets Control (BSA/AML/OFAC) ;and the US Patriot Act.


Responsibilities include, but are not limited to the following:

Internal Audit

  • Development of an annual audit plan focused on key areas of risk to the financial institution.
  • Perform assigned audits/reviews according to the annual audit plan; using risk-based auditing techniques to develop the objective, scope, and audit program.
  • Ensure Credit Union operations contain adequate controls, which adhere to Credit Union policies and procedures, and applicable regulations.
  • Maintain sufficiently documented audit workpapers to evidence testing performed and support audit observations, findings, and recommendations. 
  • Maintain ongoing channels of communication with Management detailing audit progress, observations, and results of testing. 
  • Prepare written reports to management and the Supervisory Committee which clearly presents the objectives, scope, and results of each audit, as well as opportunities for management to improve operations.
  • Working with external auditors, managing the credit union’s relationship with the NCUA, and reporting on findings. 
  • Provide assistance with audits performed by external parties (i.e. external audit firm, NCUA examiners).


  • Directly leads compliance activities through both direct and indirect resources assuring adherence with all laws and regulations including updating the compliance program based on regulatory changes, internal audits, and examinations. 
  • On an ongoing basis, review laws and regulations that impact the credit union’s compliance requirements and any potential effect on the credit union's operations. 
  • Assist in the day-to-day function of the BSA Officers duties, such as CTR and subpoena filings, and tracking of behavior that poses a risk to the Credit Union (CU).
  • Conduct daily monitoring of OFAC data for potential matches and clear the name against the OFAC list, reporting high-risk potentials. Ensure uploads and monitoring of FinCEN 314(a) data into Verafin every two weeks. Clear frontline potential OFAC matches against the OFAC list as the need arises.
  • Stay up-to-date on BSA regulatory developments and keeping the CU’s BSA Program compliant.
  • Determine proactive solutions to compliance-related issues and problems.


  • This position will detect, analyze and investigate suspected fraudulent activity and financial crimes committed against the organization by utilizing specialized investigative skills, in-depth knowledge of relevant financial industries processes, regulations and state and federal criminal statutes, including rules of evidence, chain of custody and due process to reduce losses and recover assets.
  • Perform tactical fraud analysis of systems, such as Symitar, FIS, Zelle, Verafin, etc., to identify patterns, habits and trends of fraud to prevent or minimize losses.
  • Respond to subpoenas and providing timely and accurate evidence to law enforcement agencies.
  • Monitor and analyze data from the CU’s BSA/AML/OFAC software to detect potential financial fraud or deception. 
  • Responsible for processing and appropriate disposition of fraudulent items by gathering information and presenting documentary evidence in an accurate and timely manner. 
  • Monitor member accounts and daily reports for suspicious activity related to money laundering, identity theft, check, and wire fraud.
  • Respond to fraud alerts by notifying members, restricting cards or other account privileges, and closing accounts.
  • Submits claims to the insurance company on insurable losses. Provides documentation on non-insurable losses and initiates charge-off of items determined to be non-collectable.
  • Maintain awareness of new fraud techniques and security developments for counteracting fraud.

Enterprise Risk Management

  • Responsible for the development and execution of the organization’s enterprise risk and risk appetite frameworks, and related processes to achieve the organization’s short-and long-term strategic, financial, and operational goals.
  • Act as a resource to management for implementing strategic initiatives (i.e. new products or services) by ensuring that controls are adequately established and reviewing results of user testing for completeness and accuracy of results. 
  • Develops risk management tools, practices and policies to assess and report enterprise risk, for the organization to manage risks according to an enterprise risk management framework.
  • Lead the risk assessment of the credit union, which involves analyzing risks as well as identifying, describing, and estimating the risks to the credit union.  Report results as appropriate.
  • Facilitates the execution of the Credit Union’s Enterprise Risk Management Program (ERM).
  • Assists with the collection of information for preparation of monthly and quarterly risk management reports (including KRIs and KPIs for credit, liquidity, market, operational, strategic, compliance/legal, reputational, and other risks).


  • Selects Risk and Compliance team members, establishes responsibilities and performance expectations, train and develop job knowledge and skills, mentors for short and long-term success, reviews work, provides performance feedback, documents performance as appropriate, and communicates credit union and departmental information as appropriate.
  • Community involvement: Paid Volunteer Hours- Each eligible employee is required to have 3 hours within the current Annual Performance Review cycle. These can either be 3 concurrent hours or nonconcurrent. Unpaid Volunteer Hours- As a qualifier for the balance scorecard profit-sharing plan employees will need to complete 3 volunteer hours unpaid per year for the balance scorecard.
  • Performs other duties as assigned.

Basic Qualifications:

  • 8 -10 years of similar or related financial experience is required, preferably in a financial institution.  3 to 5 years previous supervisory experience.
  • Bachelor’s degree in business or a related field is required.  CPA / CMA designation is preferred.
  • Advance knowledge of compliance with state and federal credit union laws and regulations.
  • BSA, AML, CTRs, SARS and financial Fraud activities.
  • Minimum of one year of experience with Verafin and Core with Symitar.

Preferred Skills/Experience:

  • Thorough knowledge of TFCU’s products and service. 
  • Excellent investigative and interviewing techniques as well as strong verbal and written communication skills, excellent organizational skills, ability to prioritize multiple assignments, research and follow up skills, ability to work independently with minimal supervision and minimal information.
  • Solves practical problems and carries out responsibilities with minimal supervision.

For additional information and confidential consideration contact:

Ashley Tyre
Chief Human Resources Officer



Posting Date: 
May 2, 2022