Managing Director, Risk & Compliance

Reinvestment Fund•Philadelphia, PA

51m•$165,000 - $206,000•Hybrid

About The Position

Reinvestment Fund is seeking a Managing Director, Risk & Compliance to help protect our mission, assets, and reputation by leading legal oversight, enterprise risk and compliance functions that ensure operational integrity, regulatory adherence, and effective governance across business lines and enabling functions.

Requirements

Bachelor’s degree in Finance, Accounting, Business, Economics, Public Administration, or a related field or equivalent experience required.
12+ years in risk, compliance, or internal audit, preferably in a CDFI, financial institution, or impact finance organization.
Deep familiarity with regulatory frameworks: CRA, BSA/AML, OFAC, and enterprise control standards (COSO, ISO).
Demonstrated success developing ERM systems and leading risk assessments across functions.
Proven ability to partner with business line leaders to integrate compliance into daily operations.
Experience preparing materials for Audit or Risk Committees and liaising with regulators or examiners.
Background in data-driven risk reporting and GRC system implementation preferred.

Responsibilities

Design and oversee the enterprise risk framework, integrating strategic, operational, people, data/ IT, credit, and compliance risks.
Maintain risk registers, KRIs, and mitigation plans, ensuring accountability across all functions.
Provide the COO and executive team with timely risk insights and scenario analyses
Ensure adherence to CDFI, CRA, AML/BSA, OFAC, and other applicable financial and operational regulations.
Lead compliance audits, examinations, and corrective action plans in partnership with Finance by overseeing the GC in a fractional role.
Keep policies and procedures current with evolving regulatory and governance standards.
Strengthen internal control systems across lending, finance, people, IT, and operations, and monitor their implementation and remediation.
Coordinate risk and audit reporting to the COO and Audit Committee.
Establish clear documentation and escalation processes to ensure compliance and control issues are addressed effectively.
Lead development and maintenance of governance frameworks, policies, and procedures.
Produce consolidated risk and compliance reports for the COO, CEO, and Audit Committee.
Support transparent and data-driven decision-making through risk dashboards and analysis
Build a risk-aware, compliance-ready culture through education, communication, and transparency.
Partner closely with Lending, Finance, HR, and Data & Technology to align controls with systems and workflows.
Embed ethical conduct, transparency, and accountability across teams.
Partner with HR, Lending, Finance, Data & Technology to embed compliance in workflows.
Align risk and operational practices to enable growth while protecting institutional integrity.
Serve as a key liaison on enterprise resilience, business continuity, and risk governance.
Other duties as assigned.