Recovery Risk Management Officer is responsible for the governance and management necessary to identify, evaluate, and mitigate the Recovery Division’s risk management, risk exposures,  and risk strategies. This role is responsible for mitigating those administrative and operational risks that can impact the Recovery Division’s  grant administration and handles division wide risk management issues, reducing those risks that can shut down operations and negatively impact disaster recovery and mitigation funding. The incumbent will utilize, apply, and implement a variety of Risk Management tools, practices, and policies to analyze, manage, and report on risks.  This position is a part of the Policy, Procedures, and Regulatory Services team and reports to the Director of Policy, Procedure, and Regulatory Services and supports CDBG-DR, CDBG-MIT, and Electrical Grid grants.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Develop, implement, and monitor an internal risk-based program to identify, assess, and mitigate any administrative and operational risk that arises from inadequate or failed internal processes, people, systems, or external events
• Maintain a balance between risk mitigation and operational efficiency within CDBG-DR, CDBG-MIT, and the Energy Solutions programs.
• Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls.
• Analyze extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings.
• Provide operational risk expertise and consulting to the Recovery Division for initiatives with high risk, generally spanning multiple units within the division.
• Consult with the leaders and departments within the division to develop corrective action plans and effectively manage change.
• Review and challenge adequacy and efficiency of the front-line controls and associated metrics and measures; create reports and memos communicating oversight results
• Report findings and develop business cases to influence program staff, senior leadership, and executive management, on the need for controls to mitigate risk.
• Support responses to internal testing, audits, and regulatory monitoring (as applicable)
• Collaborate and consult with peers, colleagues, and managers to resolve issues, make recommendations, improve practices, and achieve goals.
• Develops procedural implementation and change management process with the appropriate teams, to include policy, program, and regulatory compliance, to ensure proper governance and controls exist.
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Works Collaboratively with regulatory compliance, quality assurance, and policy.
• Other duties as assigned.

QUALIFICATIONS:

• Education: Bachelor’s Degree in Business Administration, Auditing, Urban Planning, Public Administration or related field.
• Experience: 3+ years of in-depth experience working in the monitoring and compliance of a CDBG/CDBG-DR/CDBG-MIT or related federal disaster recovery program. Minimum of 5 years experience in auditing, compliance, or monitoring. Knowledge of federal or local disaster recovery program implementation, a plus. Knowledge of risk management, audits, human resources, mitigation planning, a plus. An equivalent combination of education, training and experience that provides the required knowledge and abilities will be considered.
• Knowledge, Skills & Abilities: Capable of developing requirements for tracking and assessing compliance risks, including financial risks, and developing metrics to evaluate such risks. Demonstrated leadership qualities including the ability to motivate staff. Demonstrated ability to multi-task, work collaboratively in a team-oriented environment, and problem solve in a fast-paced environment. Computer literate to include Microsoft Word, Excel, PowerPoint, and Outlook. Excellent verbal, interpersonal, and written communication skills. Ability to maintain confidentiality in all assignments. Strong analytical, problem-solving, and decision-making capabilities. Knowledge of Federal rules and regulations as they apply to Section 3 and Davis Bacon, Procurement, Financial Principles, Infrastructure, Economic Revitalization a plus. Territorial travel required

SALARY: $85,000 - $95,000 per annum depending upon qualifications. CDBG Grant Funded position.

APPLICATION INSTRUCTIONS AND PROCEDURES: Interested applicants must submit an application, cover letter, and resume/vitae electronically at hr@vihfa.gov. Employment applications can be downloaded from our website at www.vihfa.gov.

Deadline for application submittal is Friday, October 25, 2024; however, this position will remain open until filled. Incomplete application packages will not be considered. Selected candidates will be contacted for interview.

The Virgin Islands Housing Finance Authority (VIHFA) is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex, national origin, disability, age, genetics, disability or veteran status. Employment is contingent upon proof of citizenship or legal authorization to work in the United States. Each question must be fully and accurately answered. Incomplete, illegible or unsigned applications will not be considered.