Risk and Compliance Director
Department: Operations and Risk
Reports to: Risk and Compliance Director
Date: April 2023
About Reinvestment Fund
Headquartered in Philadelphia, Reinvestment Fund operates nationally with regional offices in Baltimore, MD, and Atlanta, GA. Reinvestment Fund is a national mission driven financial institution that creates opportunity for underserved people and places through partnerships. We marshal the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.
As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.
At Reinvestment Fund, you’ll be part of a talented and passionate team of communicators and business development staff, lenders, portfolio managers, analysts, grant program managers, accountants, and policy researchers who bring their unique talents to our mission.
Reinvestment Fund is currently undergoing a multi-year race, equity, and inclusion organizational change process, and we are seeking candidates who share a commitment to advancing racial equity and anti-racism and are prepared to engage in that work.
This position can be located in Philadelphia, PA | Atlanta, GA| Baltimore, MD
Reinvestment Fund provides a flexible 3-day home/2-day office work arrangement. We are confident in the value this work arrangement will provide in face-to-face interactions. Depending on the nature of the job, a more flexible work schedule may be considered.
About the Department
The Risk & Compliance department is responsible for developing and monitoring an effective risk and control framework across the organization. Risk & Compliance engages with business partners to effectively manage various risks in an environment of proactive and strategic problem solving. The Risk & Compliance department, along with Operations and Information Technology, comprise Reinvestment Fund’s Operations department. The Managing Directors of each of the three departments comprise the Office of the COO, a shared service organization intended as an enabler and agent for change within the organization. The Director will be the third hire within the Risk and Compliance department, which was formed in March 2022. The Director will report directly to the Managing Director of Risk and Compliance.
About the Director Position
Reinvestment Fund is seeking a Director of Risk & Compliance to identify, plan, and lead the implementation and execution of internal initiatives associated with Reinvestment Fund’s strategic objective of creating a sustainable risk and compliance program. The Director of Risk & Compliance must leverage their prior experience working within similar companies and/or industries to inform and prioritize key projects and initiatives for the Risk and Compliance function. The Director must have experience engaging directly with Director-level peers through Executive-level management to collaborate on shared goals, and to provide authoritative guidance when necessary. The Director will be expected to work autonomously and within areas of ambiguity, work collaboratively with other internal stakeholders, and to communicate with impact to add value and influence change across the organization. The ideal candidate will be excited about working in a start-up environment and be comfortable navigating change within a new company.
Requirements and Responsibilities:
Education and Experience:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Compensation and Benefits:
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.
Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disabilities, or status as a veteran.
We value the safety and well-being of our RF Community, which includes staff and beyond. As such, our team has chosen to require all staff, interns, and contractors to be *fully vaccinated as a contingency of employment. Fully vaccinated is 1 or 2 primary shots according to pharmaceutical + 1 booster. Exemptions for Religious and Medical requests will be reviewed.