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Heritage Financial Credit Union

Not-for-profit credit union offering full-service banking

Vice President of Risk Management

Full-Time
$157k - $175k/yr
Expert
Bachelor's
Middletown, NY, USA
In Person
Finance & BankingRisk Management

About the job

Requirements
  • A four-year college degree is preferred, together with 5–10 years of experience in bank compliance, security, anti-money laundering/bank secrecy act, fraud, and cybersecurity, or a comparable combination of education and experience.
  • Knowledge of the federal regulatory framework governing federally chartered credit unions, including the Federal Credit Union Act, National Credit Union Administration rules and regulations, and the CAMEL(S) rating system used in examinations.
  • Fluency in key consumer compliance laws, including BSA/AML, OFAC, TILA, ECOA, FCRA, and TISA, and NCUA prudential risk guidelines covering interest rate, liquidity, and concentration risk.
  • Familiarity with NCUA's Prompt Corrective Action framework, Supervisory Committee requirements, and applicable Dodd-Frank provisions.
  • Working knowledge of FFIEC cybersecurity guidance, third-party vendor management expectations, and model risk management best practices.
  • Experience navigating NCUA examinations.
  • Excellent communication and influence skills to communicate complex information clearly in writing and verbally, including through reports and presentations; group facilitation skills; and the ability to develop professional relationships and networks internally and externally.
  • Experience providing leadership and influential oversight of others.
  • Ability to project a professional appearance and positive attitude.
  • Preferred certification(s): one or more of Certified Fraud Examiner (CFE), Association of Certified Anti-Money Laundering Specialists (ACAMS), or Certified Information Security Manager (CISM).
Responsibilities
  • Lead the development, implementation, and continuous enhancement of the Credit Union’s Enterprise Risk Management framework, including operational, regulatory, vendor, physical security, and strategic risk components.
  • Establish and maintain risk assessment methodologies to identify, evaluate, and monitor enterprise-wide risk exposures.
  • Develop tools, processes, and reporting mechanisms that enable leadership to measure, monitor, and communicate risk across the organization.
  • Ensure risk management practices align with regulatory expectations and industry best practices.
  • Ensure enterprise risk management practices support consistent, secure, high-quality member services, operational resiliency, and protection of member assets.
  • Support responsible innovation, service expansion, and stronger community relationships while maintaining a safe and sound operating environment.
  • Partner with business leaders to identify, assess, aggregate, and document risks and controls across operational areas, including new or modified products, services, delivery channels, regulatory requirements, and third-party relationships.
  • Evaluate operational and strategic risks associated with new products, services, delivery channels, and partnerships to ensure responsible introduction and ongoing value for members and communities.
  • Monitor key risk indicators and performance metrics to identify emerging trends or potential exposures.
  • Communicate risk assessment results and recommendations to executive leadership, governance committees, and business unit leaders.
  • Support development and execution of stress testing and contingency planning with relevant departments.
  • Recommend and guide policy and procedural changes to strengthen the internal control environment and risk posture.
  • Ensure enterprise policies and risk management practices remain aligned with regulatory guidance and organizational strategy.
  • Collaborate with Information Technology leadership to strengthen cybersecurity controls and support data governance initiatives.
  • Support enterprise governance practices that reinforce fiduciary responsibility to safeguard member assets and maintain institutional stability.
  • Advise executive and senior leadership on business risk evaluation and mitigation strategies.
  • Guide business units in identifying, evaluating, and managing operational and regulatory risks.
  • Provide risk advisory support for major initiatives, including system implementations, vendor management initiatives, strategic projects, and potential mergers or acquisitions.
  • Provide risk advisory support that balances prudent risk management with the Credit Union’s mission and value to its membership and communities.
  • Serve as liaison between the Credit Union and regulatory agencies on enterprise risk management matters.
  • Support regulatory examinations and advise management on regulatory risk expectations.
  • Assist leadership in maintaining a risk governance framework consistent with regulatory expectations and sound financial institution practices.
  • Promote a proactive organizational risk culture through education, communication, and collaboration.
  • Promote understanding of how effective risk management supports member service, protection of financial well-being, and long-term community impact.
  • Identify and coordinate training initiatives to strengthen organizational awareness of risk management principles and responsibilities.
  • Build working relationships across departments to facilitate effective risk identification and resolution.
  • Provide leadership and development support to staff in the Risk Management and Compliance functions.
Desired Qualifications
  • Preferred certifications include one or more of Certified Fraud Examiner (CFE), Association of Certified Anti-Money Laundering Specialists (ACAMS), or Certified Information Security Manager (CISM).

About the company

H

Heritage Financial Credit Union

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Heritage Financial Credit Union provides full-service banking to members across several counties, focusing on community growth. It operates as a not-for-profit cooperative, reinvesting earnings into members and the community rather than paying shareholders. Its products include checking, savings, loans, and online banking, all accessible to anyone who lives, works, worships, or studies in its service areas. Members’ deposits are insured by the NCUA up to $250,000. How it works: members open an account with as little as $0.01 and use standard banking services; earnings are returned through lower loan and account rates, member dividends, and community funding. How it differs: unlike for-profit banks, it reinvests profits into members and local programs, emphasizing personalized service and financial literacy. Goal: to empower financial growth for people and communities by delivering accessible banking, supporting local jobs, education, and philanthropy.

Company Size

51-200

Company Stage

Grant

Total Funding

$3.7M

Headquarters

Town of Wallkill, New York

Founded

1940

Get referred to Heritage Financial Credit Union

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Simplify Jobs

Simplify's Take

What believers are saying

  • May 1, 2026 federal charter unlocks Passaic and Putnam County member growth.
  • Upstart referral network can scale originations without branch-heavy hiring or marketing spend.
  • July 2026 site updates show active lending products and rates across personal-loan categories.

What critics are saying

  • Upstart dependence concentrates personal-loan growth in one outside platform and underwriting channel.
  • Federal charter conversion on May 1, 2026 adds regulatory and integration execution risk.
  • Competitors in Hudson Valley can undercut rates, draining member growth and deposits quickly.

What makes Heritage Financial Credit Union unique

  • May 1, 2026 federal charter expands Heritage Financial Credit Union across eight counties.
  • October 4, 2023 Upstart partnership gives HFCU AI-driven personal loan distribution.
  • HFCU combines community branding with national charter insurance and broader geographic reach.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Employee Assistance Program

Health Savings Account/Flexible Spending Account

Pet Insurance

Legal Services

401(k) Company Match

Educational Assistance

Paid Vacation

Paid Holidays

Growth & Insights and Company News

Headcount

6 month growth

9%

1 year growth

11%

2 year growth

11%
Finopotamus
Oct 5th, 2026
Heritage Financial selects Gemineye to develop a centralized, governed data program.

Heritage Financial selects Gemineye to develop a centralized, governed data program. 4 hours ago Gemineye's credit union expertise and customizable platform will help the credit union develop a trusted data model Sandwich, Mass (October 6th, 2026) - $800M, Hudson Valley, NY-based Heritage Financial (HFCU) has selected Gemineye to help them build a best-in-class, centralized data analytics program that can grow as they grow. With 14 branches in and around the Hudson Valley Region, HFCU is heavily invested in community efforts that make this unique region stronger. Heritage Financial found Gemineye's specific focus on credit unions and community banks - they do not work with any other industries as many competitors do - to be a big differentiator. Combined with Gemineye's emphasis on creating a single source of truth as part of their data foundation, and the platform's speed to value, the partnership made sense. "We chose Gemineye because they understood what we need from our data and why it matters. Giving employees faster access to reliable information will reduce manual work, strengthen decision-making, and help our teams better understand member needs and improve their experience," says Gregory Beckwith, Vice President of Innovation & Operations at Heritage Financial. "The Heritage Financial team conducted a rigorous partner search with a focus on immediate value and long-term scalability," says Maggie Chopp, Director of Business Development at Gemineye. "We are delighted to welcome them to the client group and eager to see their analytics capabilities take off." "This partnership gives Heritage the foundation to move forward with analytics, automation, and AI in practical ways that improve how we operate and serve our members," continues Beckwith. Gemineye is proud to welcome this competent and progressive credit union to their team. About Gemineye Finopotamus LLC provide deeply practical and usable data analytics solutions to community financial institutions. Its best-in-class data warehousing and contextual AI solutions lower the barrier to creating a data-driven culture and make success in analytics finally accessible. Finopotamus LLC is Gemineye - allowing you to drive the data and the journey. Hop in. Want to connect? Email Finopotamus LLC at [email protected] or call (508) 591-3303. Visit Finopotamus LLC at gemineye.com to learn more at your own pace. About Heritage Financial Heritage Financial Credit Union (HFCU) provides a safe, secure place for members to save their hard-earned money and offers affordable loans with competitive rates. In times of uncertainty caused by financial crisis and mistrust of larger banks, HFCU seeks to provide safety in community and a cooperative member base. They do not define financial success, but urge their members to affirm their own success. HFCU provides the necessary tools and resources to get you there. Together. Learn more about Heritage Financial at heritagefcu.com.

PYMNTS
Oct 5th, 2023
FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks

The company said Wednesday (Oct. 4) that Heritage Financial Credit Union, serving seven counties in New York, has partnered with Upstart to provide personal loans.

Yahoo Finance
Oct 4th, 2023
Heritage Financial Credit Union Selects Upstart for Personal Lending

Heritage Financial Credit Union selects Upstart for personal lending.