Selfreliance Federal Credit Union · 3 weeks ago
Chief Risk Officer (CRO)
Chicago, IL
Full-time
Onsite
Director/Executive
$130K/yr - $200K/yr
7+ years expSelfreliance Federal Credit Union is seeking a visionary Chief Risk Officer (CRO) to lead and oversee the Credit Union’s risk management function. This executive-level strategic role is responsible for safeguarding the Credit Union’s operations, reputation, and regulatory standing by developing and executing a comprehensive risk strategy.
BankingFinanceFinancial ServicesNon Profit
Responsibilities
Enterprise Risk Management: Build and mature the ERM framework; maintain credit union–wide risk assessments; define, monitor, and report key risk indicators (KRIs) aligned with Board-approved risk appetite and tolerance statements; drive risk appetite adoption and oversee mitigation and remediation plans
Information Security Oversight (Second Line, in partnership with the CIO): Provide independent risk oversight of the Credit Union’s information security program, including control posture, testing cadence, incident governance, and regulatory alignment, while ensuring appropriate challenge and escalation in collaboration with the CIO
Business Continuity and Disaster Recovery: Own the Business Continuity Planning and Disaster Recovery programs; conduct regular testing and tabletop exercises; coordinate enterprise crisis response; and ensure recovery objectives meet member, operational, and regulatory expectations
Fraud Risk: Oversee the enterprise fraud risk strategy across cards, ACH/wires, and digital channels; balance member experience with loss prevention; and ensure fraud risks are incorporated into the ERM framework and strategic initiatives
Compliance Oversight | BSA/AML/OFAC: Ensure operations comply with applicable laws, regulations, and standards. Govern compliance and BSA/AML programs, including policies, procedures, training, monitoring, independent testing oversight, issue management, and regulatory exam readiness. Serve as the primary executive liaison for regulators on risk, compliance, and BSA/AML matters
Vendor/Third-Party Risk Management: Lead a comprehensive third-party risk management (TPRM) program, including risk tiering, due diligence, contract risk controls, ongoing monitoring, concentration risk management, and exit strategies
Business Insurance: Manage enterprise insurance coverage strategy, adequacy reviews, and loss-control activities; coordinate claims management and annual renewal planning
Board Reporting: Provide clear, timely, and actionable risk reporting to the Board of Directors, including risk dashboards and emerging risk briefings
Qualification
Required
7+ years of proven leadership in risk management, compliance, internal audit, or related functions within financial services
Bachelor's degree in Business Administration, Finance, Accounting, Law, or a related field
Demonstrated experience drafting, updating, and governing policies and procedures, including risk management, compliance, BSA/AML, vendor management, information security, and business continuity
Deep understanding of credit union operations, NCUA regulations, and risk frameworks (ERM, risk appetite, etc.)
Exceptional written and verbal communication skills
Preferred
Credit union experience strongly preferred
Advanced degree (MBA or equivalent) preferred
Basic conversational Ukrainian language skills are preferred, not required
Benefits
Exceptional Health, Dental, Vision, Accident, Critical Illness, and Hospital Indemnity insurance, at a minimal cost to you.
Life and AD&D, Short and Long Term disability insurance, at no cost to you.
401(k) Plan with Selfreliance FCU matches up to 6%.
A generous Paid Time Off and Personal Time benefits.
Professional development assistance
Employees' discount.
Fitness reimbursement.
Company
Selfreliance Federal Credit Union
Selfreliance Federal Credit Union is a financial organization that offers a full range of banking services to improve economic development.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase