Chief Risk Officer

CHIEF RISK OFFICER
Mazuma Credit Union
$1 B in Assets
Overland Park, Kansas

Banking for People
At Mazuma Credit Union, our purpose is simple: to make Kansas City a better place to live, work, and bank. We strive for that daily, from our brand to our people, products, and Members. Mazuma is looking for a collaborative, innovative, talented, and team-oriented Chief Risk Officer (CRO) ready to join a dynamic executive team that prides itself on reinvesting in its Members, Team Members, and the community. At Mazuma, we believe we can enrich lives and improve our city while having a great time with our team.

The CRO will report directly to the Chief Executive Officer and be an Executive Leadership Team (ELT) member. This vital role will be integral to shaping the credit union’s future. The CRO is a visible strategic and operational leader driving the organization’s success through sound decisions and strategic planning. As the risk management leader, the CRO will bring diverse perspectives and a deliberate, informed approach to strategic decision-making. If you are an experienced Chief Risk Officer who is a positive, futuristic thinker, problem-solving strategic leader, and good at having fun, this may be your role!

Key Accountabilities and Responsibilities:

In collaboration with the organization’s stakeholders, the CRO will ensure that Mazuma Credit Union adequately identifies, measures, monitors, and controls credit, interest rate, liquidity, operational, compliance, strategic, and reputational risks for the credit union.
High-level oversight of the organization’s enterprise risk management framework and program. This includes, but is not limited to, establishing and maintaining effective policies, procedures, and internal controls that ensure all enterprise risks are effectively identified, assessed, measured, monitored, reported, and managed.
Integrate risk management with strategic goal setting and business planning.
Ensures policies, procedures, and disclosures meet legal, regulatory, or contractual requirements.
Contributes to developing departmental strategy by providing a view on potential improvement for risk management policies and procedures, including assessing existing information and anticipated changes.
Manages and develops processes for assessing, identifying, monitoring, and reducing business risks that could impede the credit union’s objectives and goals while minimizing duplication and maximizing efficiency.
Oversee the maintenance of an effective compliance program, including BSA, anti-money laundering, OFAC compliance, and fraud, ensuring awareness, training, and review of applicable laws and regulations.
Ensures communication and education are delivered to applicable departments regarding changes in laws and regulations and advises management on procedural changes required due to regulatory or other changes that may impact risk.
Establishes, leads, and maintains an effective security program, including physical security, personnel security, and fraud management and prevention, in accordance with sound business practices and applicable regulations.
Collaborate on an effective information security program, including managing the credit union’s business continuity planning and support/partners with Technology on testing activities, incident response procedures, and annual penetration, vulnerability, and social engineering testing across the credit union’s third-party service providers.
Consults with and directs Team Members in the execution of the risk-based plan for all internal reviews, compliance reviews, loan reviews, internal audits, and fraud investigations.
Leads the Credit Union through all internal and external audits and state and federal exams.
Participate and consult with management on emerging issues through effective, timely, and relevant communications.
Ensure the confidentiality of all company records and information and oversee the credit union’s record retention practices.
Oversees the Credit Union’s strategic vendor management program and supports the annual and ongoing review, due diligence, negotiation and/or renegotiation functions for existing and new vendor relationships.
Participate in various management committees to ensure risks are effectively identified and managed. Committees may include a loan committee, an information technology steering committee, a Supervisory Committee, and an asset and liability management committee.
Manages and acquires adequate and appropriate casualty and liability insurance coverage to adequately protect the financial institution from various types of exposure.
Lead property management functions and team.
Oversees political advocacy and governmental affairs efforts.
Partners with the Training Department on continuously developing and training Credit Union leaders and Team Members.
Ensures positive and effective management and leadership of direct reporting teams and departments.
Job Requirements:

Bachelor’s degree in finance, accounting, business administration, or related field required; Master’s degree and/or JD degree preferred.
A minimum of eight years of experience in risk management focused on strategic planning, compliance, and regulations in the credit union or banking industry.
A minimum of five years prior executive management experience is required.
Knowledge of economic and market trends, financial markets, credit union/banking, and the analysis and reporting of financial data.
Strong knowledge of principles and practices relating to strategic planning.
Knowledge of Credit union philosophy, history, services, and practices.
About Mazuma Credit Union

Mazuma Credit Union was founded in 1948 as the Kansas City National Federation of Federal Team Members Credit Union by Wyla and Joe Pinkerton. 50 years later, our name was changed to Mazuma Credit Union, and we joyfully celebrated our 75th Anniversary in 2023. Mazuma is honored to serve more than 73,000 Members who live or work in Jackson, Cass, Clay, or Platte counties in Missouri, Wyandotte, or Johnson counties in Kansas, with services including personal and small business banking, wealth management, mortgage lending, and more.

Mazuma partners with over 75 local nonprofit organizations and created the Mazuma Foundation in 2015 to give back to the communities our Members call home. The Foundation focuses its efforts in the core areas of community development, financial education, and the arts, and each year funds grants to a variety of 501(c)3 organizations throughout the Kansas City metropolitan area. For more information, visit mazuma.org.

About DDJ MYERS, an ALM First Company

DDJ Myers is the executive search consultant for this organization. Our expertise is in supporting leadership teams in sustainable practices for high-performing organizations through succession planning, leadership development programs, executive coaching, board governance and renewal, and executive search. Please learn more about us at www.ddjmyers.com.