Job Title: Risk and Compliance Manager
Department: Risk and Compliance, Operations
FLSA Status: Exempt
Reports to: Managing Director of Risk and Compliance
Date: August 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. control disciplines and operational groups to assist in timely detection and escalation of control issues.
WORK LOCATION – PHILADELPHIA, PA (HYBRID)
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, make up Reinvestment Fund’s Operations function. 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 positive change. The Manager will be a part of the Risk and Compliance department, which was formed in March 2022. The Manager will report directly to the Managing Director of Risk and Compliance.
ABOUT THE MANAGER POSITION
Reinvestment Fund is seeking a Risk & Compliance Manager to lead the implementation, execution and maintenance of several ongoing initiatives associated with Reinvestment Fund’s strategic objective of creating a sustainable risk and compliance program. The Manager of Risk & Compliance must demonstrate and apply business acumen to promote a culture of proactive risk management and facilitate the timely identification, escalation and handling of risks. The successful candidate must have the experience and desire to work independently 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.
EDUCATION AND EXPERIENCE REQUIREMENTS
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) retirement savings plan with employer match, flexible spending accounts (medical, dependent care), commuter benefits, 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.
Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members.
Thank you for your Interest in Reinvestment Fund
To Apply: Please complete the online application at www.reinvestment.com and to attach your resume and a cover letter enter as ONE Document.