VP of Risk

VP of Risk Novi, MI Job Details 1 day ago Qualifications Fair Credit Reporting Act (FCRA) Contract documentation review Contract management Managerial strategic planning Strategic management Contract review Law 5 years Fair Housing regulations Regulatory compliance Legal risk management Compliance management implementation Doctor of Law (JD) Team development Analysis skills Policy & process development Quality assurance Team management Anti-Money Laundering (AML) compliance (compliance procedures implemented) Decision making Legal research Risk management Mentoring Third-party risk management Vendor contract management Contract negotiation Training & development Senior level Legal counsel Leadership Vendor risk management Communication skills Banking Overseeing training Full Job Description Our Purpose At Vibe, we are driven by our mission to elevate community and create opportunity. We believe in fostering an environment of inclusivity where every team member has the chance to grow professionally. Guided by our core values - be inclusive, educate, embrace change, and seek opportunities - we are dedicated to making a positive impact in the lives of our members and communities. As we continue to grow and expand our team, we are seeking passionate individuals who share our vision and are eager to join us in our journey. If you are someone who is passionate about making a difference and is committed to creating a brighter future for our communities, we invite you to explore this exciting opportunity at Vibe!

Your Role:

Vice President of Risk As the Vice President of Risk, you will provide enterprise‑wide leadership over risk management functions that protect the Credit Union's members, assets, and reputation. This role oversees teams and processes that address regulatory compliance, vendor management, legal risk, fraud oversight, quality assurance reviews, and the integrity of member data change processes. You will partner closely with executive leadership—particularly the Chief Financial Officer—to align risk strategy with Vibe's long‑term goals, ensure strong governance, and embed risk‑aware decision‑making across the organization.

What You'll Do:

Lead Enterprise Risk Management:

Develop, implement, and manage ERM tools, practices, and policies to identify, assess, and report enterprise risks.

Oversee Vendor Risk:

Maintain oversight of the vendor management program, ensuring appropriate controls and ongoing risk evaluation.

Drive Legal Strategy:

Collaborate with the Chief Financial Officer to create and execute a five‑year legal strategic plan.

Contract & Policy Review:

Review, revise, and negotiate contracts, corporate policies, and governance documents in collaboration with internal stakeholders.

Provide Legal & Regulatory Guidance:

Conduct research and provide legal advice related to compliance initiatives, regulatory matters, BSA/AML, and other legal topics impacting the organization.

Assess & Mitigate Risk:

Evaluate risk potential across controls, activities, policies, and procedures; recommend and implement mitigation strategies.

Policy Governance:

Participate in the ongoing development, oversight, and maintenance of enterprise policies, principles, and standards.

Training Oversight:

Ensure annual regulatory training for team members is conducted and effective. Serve as

BSA Officer:

Lead and oversee the BSA/AML program across the enterprise.

Administer Fair Lending:

Oversee Fair Lending compliance, including SAFE Act and FCRA requirements.

Review Business Practices:

Evaluate processes and procedures for alignment with Vibe's defined risk appetite.

Model Leadership:

Demonstrate teamwork, integrity, accountability, and strong leadership across all interactions.

What We're Looking For:

\ Education & Experience Demonstrated hands‑on experience establishing and administering compliance governance and oversight functions Strong working knowledge of NCUA, federal, and state regulatory laws impacting Credit Unions 5-10 years of risk management experience within a financial institution Minimum of 5 years of experience leading and developing teams Juris Doctor (JD) degree preferred Skills & Abilities Strong analytical skills with the ability to assess and evaluate security and risk controls Excellent written and verbal communication skills Ability to interact effectively across all levels of the organization Proven ability to lead, guide, and mentor team members Strategic mindset with sound judgment and decision‑making capabilities Ability to balance regulatory rigor with operational practicality Why You'll Love It Here You'll play a critical role in protecting the integrity, trust, and sustainability of a mission‑driven Credit Union. You'll partner with executive leadership and the Board to shape enterprise‑wide risk strategy. You'll lead meaningful initiatives that balance innovation with sound governance. You'll work in a culture that values transparency, collaboration, and accountability. You'll contribute directly to Vibe's mission of elevating community and creating opportunity. Physical Requirements The physical demands described represent those required to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions. While performing this role, the employee may be required to hear, see, talk, stand, walk, stoop, kneel, lift, push, pull, and grasp.