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Job Description
The purpose of this job is to support the Enterprise Risk Management and Compliance function through the implementation of the Risk Management and Compliance Framework within the standards defined by the Group, including the identification, measurement, monitoring and reporting of risk and enforcing compliance with policies, processes, procedures and controls.

• Responsibilities
• Monitor implementation of the Group's risk policies, procedures, standards, systems and guidelines and identify gaps to be closed (30%)
• In conjunction with the Group Head of Financial Risk, conduct stress tests, sensitivity analysis and scenario simulations to update the Board and EXCO on the risks that the company is facing and how to mitigate them (20%)
• Monitor full compliance against established risk standards/benchmarks and regulatory requirements, including transaction monitoring, tracking risk & compliance matrix and review of reports sent to the regulator (10%)
• Identify potential areas of risk and control gaps; provide guidance on how to mitigate the risks identified; conduct follow-up to ensure corrective actions are implemented (10%)
• Provide the necessary awareness among management and staff through guidance, communications, and training to ensure compliance with the company's framework and methodologies, including internal policies, procedures, standards and guidelines (10%)
• Provide regular reporting as required on risk and compliance, including Dashboards and Reports for Financial, Operational risk (including business continuity), compliance and AML/CFT reports, quarterly Board reports, and Risk Management Reports MANCO (10%)
• Adequacy of personal competence through continuous professional and technical education to effectively perform risk and compliance tasks (10%)
• Main Activities
• Conduct identification and assessment of the risk gaps for each functional area /department of the company and recommend controls to reduce residual risk.
• Conduct independent monitoring and oversight of the risk appetite limits.
• In conjunction with the Group Head of Financial Risk, conduct gap analysis and stress tests for market, credit risk and liquidity risk to update the Board and EXCO on the risks that the company is running and how to mitigate them.
• Prepare periodic reports to regularly update the financial and operational risk exposures and circulate them to the various Heads of Department for action.
• Review of Risk and Control Self-Assessment (RCSA), incidence reports, key risk indicators (KRIs), loss data collection, and conduct other risk analytics.
• Assist in the development of the company Risk management standards reviews of all policies, policy guidelines and procedures that provide direction on processes within the company.
• Assist with conducting compliance risk assessments with a focus on AML/CFT and assess AML/CFT risk from new products, delivery channels, and services and conduct annual AML/CFT risk assessment.
• Knowledge and Experience
• Bachelor's degree in actuarial science, finance, business administration or related field
• Professional certifications or qualifications in Actuarial Science or Risk Management required.
• A minimum of 5+ years in mid-level risk management experience in the insurance sector.
• Skills and Competencies
• Excellent communication skills.
• Financial risk expertise highly preferred.
• Demonstrated ability to motivate and manage a diverse team toward strategic goals of the risk management function.
• Demonstrated ability to build consensus across various constituencies and achieve results through the effort of others.
• Strong planning and organizational skills, with an ability to establish a strategic direction and subsequently outline initiatives and develop priorities in support of that vision.

Skills
Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review

Competencies
Business Insight

Communicates Effectively

Courage

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date
02 October 2025 , 23:59

The Old Mutual Story

• Perform actuarial analyses and financial modeling for insurance products.
• Assess and quantify financial risks associated with insurance policies.
• Develop and implement pricing strategies for new and existing insurance products.
• Conduct reserve calculations and ensure adequacy according to regulatory standards.
• Contribute to the development of risk management frameworks and strategies.
• Analyze data to identify trends and provide insights for business decision-making.
• Collaborate with cross-functional teams including underwriting, claims, and finance.
• Prepare reports and presentations for management and regulatory bodies.
• Stay current with actuarial science advancements and industry regulations.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards actuarial certifications (e.g., SOA, CAS) is highly preferred.
• Minimum of 3 years of experience in actuarial analysis within the insurance industry.
• Strong knowledge of insurance products, regulations, and actuarial principles.
• Proficiency in actuarial software and statistical modeling tools.
• Excellent analytical, problem-solving, and critical thinking skills.
• Advanced skills in data manipulation and analysis using tools like SQL and Python.
• Strong written and verbal communication skills.
• Ability to work independently and collaborate effectively in a remote team environment.

• Conducting in-depth analysis of financial statements, market trends, and economic data to identify potential risks and opportunities.
• Developing and implementing risk assessment models and methodologies.
• Monitoring and evaluating the effectiveness of risk mitigation strategies.
• Preparing comprehensive reports and presentations on financial performance and risk exposures for senior management.
• Ensuring compliance with relevant financial regulations and internal policies.
• Collaborating with various departments to gather data and provide financial insights.
• Forecasting financial outcomes and developing scenario analyses.
• Identifying key performance indicators (KPIs) for risk management and tracking progress.
• Staying updated on industry best practices and emerging trends in financial risk management.
• Providing support for internal and external audits related to financial risk.

• Develop, implement, and maintain advanced actuarial models for risk assessment and pricing.
• Analyze insurance liabilities, set appropriate reserves, and monitor solvency requirements.
• Evaluate the financial impact of new products, market trends, and regulatory changes.
• Conduct regular stress testing and scenario analysis to identify potential vulnerabilities.
• Collaborate with the underwriting team to establish risk appetite and guidelines.
• Prepare comprehensive reports and present findings to senior management and regulatory bodies.
• Stay abreast of industry best practices, emerging risks, and technological advancements in actuarial science.
• Mentor and guide junior actuaries and analysts in the remote team.
• Ensure compliance with all relevant actuarial standards and insurance regulations.
• Contribute to the overall strategic direction of the company's risk management framework.

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Fellowship designation (e.g., FIAA, FSA, FCAS) or significant progress towards it.
• Minimum of 7 years of progressive experience in actuarial roles within the insurance industry.
• Proven expertise in pricing, reserving, and risk modeling.
• Proficiency in actuarial software (e.g., Prophet, R, SAS) and advanced Excel skills.
• In-depth understanding of life, health, or general insurance products and markets.
• Strong knowledge of local and international insurance regulatory frameworks (e.g., IFRS 17).
• Excellent analytical, quantitative, and problem-solving abilities.
• Superior communication and presentation skills, with the ability to explain complex technical concepts clearly.
• Demonstrated ability to lead projects and teams in a remote setting, fostering collaboration and delivering results.

We embrace passionate Team Members who consistently display our values: United, Informative, Approachable, Caring and Transparent. We are united in our collective effort to achieve member goals and proactively provide solutions tailored to individual Member needs. We are committed to ensuring that each Member receives a positive service experience and trusted financial advice. Join the Nuvision Team today Let us be part of your career journey

The VP Enterprise Risk Management is responsible for directing and delivering an efficient and effective enterprise risk management program across the organization. The VP Enterprise Risk Management serves as the BSA Compliance Officer for the Credit Union and directs the Credit Union's ERM, Information Security and Business Continuity initiatives. Responsibilities include risk assessment monitoring, analysis and reporting, managing fraud mitigation, info security, corporate insurance coverage, litigation, document management, business continuity activities, and BSA/OFAC reporting/administration.

Responsibilities

• Develops and directs the Enterprise Risk Management Program of the organization.
• Establish a structure and process to identify, communicate and prioritize risks and opportunities.
• Cross-functionally develop and implement appropriate risk response plans.
• Develops risk management tools, practices, and policies to assess and report enterprise risks.
• Ensures the organization's risk management policies and risk strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization.
• Determines the organization's enterprise risk management architecture / framework.
• Oversees and monitors key strategic and/or operational risk management activities of the organization.
• Provide guidance and direction for the development, implementation, and maintenance of the information security policies and procedures to ensure the security of members' non-public personal information and credit union confidential information.
• Analyze various Information Security Management systems, software and tools for selection, implementation and performance.
• Administrate Information Security Management systems and utilize SIEM and DLP tools to review/analyze aggregated data to determine severity, accuracy of report findings and identify items to forward to appropriate regulatory agencies.
• Ensure all credit union departments implement security standards and follow established guidelines and controls; manage information security incidents.
• Develop Information Security education and awareness for all employees.
• Works with IT management to leverage audit and review results and to assure implementation of IT policies, plans and procedures, and organizational structures designed to provide reasonable assurance that undesired events are detected, prevented and corrected and information security risks are managed appropriately.
• Effectively manages and maintains insurance carrier relationship and policy management, renewal and claims tendering for all organizational polices and business bonds.
• Reviews and update insurance policies to ensure coverage is commensurate with regulatory guidelines.
• Establishes a strategy, framework and methodology for successful execution of business continuity plans and business impact analysis by internal business units.
• Provides guidance and direction for the development, implementation, and maintenance of a policy and plan for all business units, including IT.
• Provide direction for the coordination and management of disaster recovery drills for IT, and comprehensive business continuity drills for all departments, branches, and IT.
• Direct activities associated with fraud investigation, reporting and mitigation.
• Provide guidance and direction for the development, implementation and maintenance of the Credit Union's fraud prevention program, policies and procedures; work with contracted third parties and vendors to identify and mitigate fraud losses; provide training to staff on fraud identification and mitigation strategies and techniques; ensure fraud investigations are prosecuted and closed in a timely manner and that losses are minimized to an industry standard amount.
• Oversee the Credit Union's Bank Secrecy Act Compliance Program including reviewing all regulatory reports prior to submission, making final decisions on SAR filings, and ensuring that the Credit Union practices are aligned with the Risk Assessment and Operating Policy and the policy is commensurate with the size and scope of the Credit Union.
• Oversee the Credit Union's document management process.
• Provides guidance and direction for the development, implementation and maintenance of records management.
• Lead the day-to-day activities and provide full support to direct reports.
• Train, mentor and coach direct reports to further develop their skills and knowledge.
• Communicate project prioritization to ensure the highest project risks are identified and managed in a timely manner.
• Collaborate with the Leadership Team to adequately staff each ERM discipline with competent team members to efficiently and effectively achieve the desired results.
• Supports and participates in continuous improvement activities.
• Represents the Credit Union in a positive and professional manner.
• Maintains member, team members and other sensitive information with confidentiality.
• Treats co-workers and members with respect.
• Supports, participates and volunteers in credit union member community activities, member relations and events that promotes member centric experiences.
• Stays abreast of current trends in financial services, business operations, processes, information technologies and project management disciplines
• Other related duties as assigned

Minimum Qualifications

• 7+ years of experience in risk management, compliance, information security, fraud mitigation, business continuity, with evidence of increasing responsibility and previous management experience.
• Must have experience in operational efficiency initiatives, systems development and project management related disciplines such as management consulting, quality management, financial management and organization change management.
• Knowledge Comprehensive knowledge of banking products and services and compliance requirements of the Bank Secrecy Act, Gramm Leach Bliley Act as well as Information Security and Business Continuity and ERM principles
• Comprehensive knowledge of standard concepts, practices and procedures within the financial services industry related to financial crimes and regulatory report filing.
• Comprehensive knowledge of corporate insurance and bond requirements, negotiations and claims tendering.
• Comprehensive knowledge of information security management systems, software and tools to ensure information security risks are managed appropriately.
• Strong leadership, management and interpersonal skills throughout all levels of the organization.
• People management skills with a particular emphasis on performance management disciplines.
• Strong third party/vendor management and contract negotiation skills.
• Strong problem solving ability.
• Presentation skills and self starter.
• Ability to identify and define appropriate quality measures and performance targets.
• High attention to detail and observant of business conditions.
• Excellent speaking and writing skills.
• Effective public relations abilities.
• Articulate and persuasive leader to serve as an effective member of the management team.
• Creative and able to develop innovative solutions.
• Able to work in a fast paced, high stress environment with multiple and/or constantly changing priorities.
• Key Competencies: Business Acumen, Process Management, Negotiating, Conflict Management, Developing Direct Reports, Motivating Others, Sizing Up People Certification Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) or other equivalent Credit Union Enterprise Risk Management Expert (CUERME) or other equivalent

Preferred Qualifications

• 10+ years of experience in risk management, compliance, information security, fraud mitigation, business continuity, with evidence of increasing responsibility and previous management experience.
• Certified Information Security Professional (CISSP), Global Information Assurance Certification (GIAC), GIAC Security Leadership Certification(GLSC)
• Post graduate degree preferred. Experience working for an organization with a regional model including some matrix reporting structure.

Education:
2-year degree or experience in related field or equivalent

Website:

Pay scale by applicable geographic location:

• Alaska: Min $134, Mid $67, Max 201,251.82
• Arizona: Min 118, Mid 147, Max 177,430.17
• Florida: Min 112, Mid 141, Max 169,215.81
• Nevada: Min 121, Mid 151, Max 181,537.35
• Southern California: Min 129, Mid 161, Max 193,858.89
• Texas: Min 113, Mid 142, Max 170,858.68
• Washington: Min 137, Mid 171, Max 206,180.43

The final pay offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of applicable experience within the job, the type of years and experience within the industry, job related training/education, etc.

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Benefits

• Medical
• Dental
• Vision
• Life Insurance
• Flexible Spending Account
• 401(k) Matching
• Paid Time Off
• Training Provided
• Tuition Reimbursement