VP Risk Management

Why Join Apple?
At Apple Federal Credit Union, we're more than a financial institution; we're a community-focused organization powered by passionate people. With 24 branches across Northern Virginia and a proud legacy of service, we're committed to improving the lives of our members and the communities we serve.

We believe our employees are our greatest asset. That's why we foster a supportive workplace culture that values inclusiveness, innovation and growth. Whether you're just starting out or advancing your career, you'll find opportunities for professional development, mentorship and meaningful impact.

Why Work at Apple FCU

• Recognized as a USA Top Workplace and Top Workplace by The Washington Post (2024)
• Collaborative, welcoming environment with forward-thinking leadership

• Competitive, comprehensive benefits package, including:

• Medical, dental and vision coverage

• 401(k) with employer match
• Paid time off and 11 paid federal holidays
• Paid volunteer time to give back
• Tuition reimbursement and ongoing training opportunities
• Annual TEAM Bonus plan.

Role
Directs the development, implementation, and maintenance of internal and external Risk Management Program. Directs the activities of the Bank Secrecy Act / Anti-Money Laundering, Compliance and Fraud Departments. While implementing or recommending action to ensure compliance and minimize risk, the VP of Risk Management should be conscious of streamlining efforts, cost effectiveness, safety and soundness, and proper maintenance of the internal control structure. Performs duties and responsibilities in accordance with The Apple Way principles of Team Up, Serve with Purpose, Challenge Yourself and Own It. Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act. Performs other job duties as assigned by the Chief Financial Officer.

Essential Functions & Responsibilities

• Oversees the team responsible for ensuring the credit union's compliance with the Bank Secrecy Act and anti-money laundering rules and regulations. Ensures that regulatory-required reports on suspicious activity and excessive currency are filed on a timely basis. Prepares monthly reports regarding BSA/AML activity for the Chief Financial Officer and prepares annually required learning for all staff and Board of Directors on compliance with the Bank Secrecy Act. Ensures BSA and Member Identification Policies are updated and approved by the Board annually. Conducts annual BSA risk assessment.
• Manages Fraud Operations Team and ensures that loss mitigation strategies effectively address internal and external losses to the credit union. Evaluates, manages, and deploys technology intended to combat fraud losses. Provides monthly updates to the Chief Financial Officer about fraud reduction strategies and reports annual assessment of fraud-related losses and strategies to the Board of Directors. Liaises with business unit owners on fraud mitigation techniques.
• Oversees regulatory compliance efforts of credit union and ensures Executive Leadership Team is informed of legislation, regulations and trends affecting federal credit unions. Report as appropriate regulatory matters, concerns and/or the overall compliance condition of applicable divisions, departments, operations, or functions within in the credit union to the Board of Directors or Executive Leadership Team. Conducts annual reviews with business unit owners intended to ensure compliance with existing and forthcoming regulation.
• Serves as the primary liaison between the credit union and external legal counsel. Coordinates communication with attorneys on matters related to risk management, compliance, contracts, litigation, and regulatory issues. Ensures timely and accurate information exchange, facilitates legal review of policies and agreements, and provides updates to the Chief Financial Officer and Executive Leadership Team on legal matters impacting the credit union.
• Conducts risk assessments of new products and services and ensures legal review of proposed terms and conditions or contractual obligation prior to product/service implementation.
• Co-chairs Incident Response and BCP Emergency Teams, attends Operations Leadership Team meetings and serves on Policy & Procedures, Enterprise Data Steering, IT Steering and Enterprise Risk Management Committees.
• Develops annually required training modules for all staff on internal fraud prevention and robbery response requirements.
• Responsible for the credit union's disaster recovery/business continuity planning process. Ensures the plan remains current and adequately addresses the identifiable risks, is effectively communicated, and is adequately tested on an annual basis to provide reasonable assurance of effectiveness.
• Oversees the vendor management function, ensuring that all third-party relationships are assessed for risk, comply with regulatory requirements, and align with the credit union's strategic objectives. Develops and maintains vendor due diligence processes, monitors vendor performance, and ensures timely review and renewal of contracts. Provides regular updates to the Chief Financial Officer and Executive Leadership Team on vendor risk and compliance issues.
• Runs the credit union's physical security program to include alarm device, security camera and access control testing and maintenance. Conducts annual physical security audits of credit union locations and reports findings to Executive Leadership Team. Ensures Physical Security Policy of the credit union is updated and approved by the Board annually.

Experience

• Minimum 5 years' experience in financial institution regulatory compliance, BSA and fraud investigations.
• Minimum 8 years management experience.

Education
A bachelor's degree in a related field required, Master's degree and Certified Anti-Money Laundering Specialist (CAMS) Certified Fraud Examiner (CFE) preferred. Americas Credit Unions Certified Credit Union Compliance Officer | CUCO , Certified Bank Secrecy Act Professional | CBSAP designations required within 1-year of hire.

Other Skills
Excellent analytical ability and ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems.

Excellent oral and written communication skills.

Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products and services and the laws and regulations which apply to credit unions.

Well-organized, efficient, detail-oriented self-starter, able to work independently.

Ability to handle simultaneously, multiple tasks and changing priorities in an efficient and effective manner

• Apple Federal Credit Union values, encourages, and implements diversity in the workplace.

As an equal opportunity employer, Apple Federal Credit Union does not discriminate in employment with regard to race, color, religion, national origin, citizenship status, ancestry, age, sex (including sexual harassment), sexual orientation, marital status, physical or mental disability, military status or unfavorable discharge from military service or any other characteristic protected by law.

All selected candidates will be subject to credit and background checks to determine employment eligibility. ***