Managing Director, Risk & Compliance at Reinvestment Fund – Philadelphia, Pennsylvania

ABOUT REINVESTMENT FUND:

At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to create 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.

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.

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.

EDUCATION, EXPERIENCE AND SKILLS:
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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Required Qualifications:

· 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.

WORK LOCATION:

Reinvestment Fund provides a flexible work arrangement that is a hybrid home/office work arrangement or fully remote. If a remote employee is ultimately selected for the position, travel will be occasionally required to our Philadelphia headquarters for staff meetings.

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.

The salary range for this position at commencement of employment is between $165,000 and $206,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Reinvestment Fund uses E-Verify to validate all new hires' ability to legally work in the United States and all new hires may be subject to a background check.

Reinvestment Fund is an Equal Opportunity Employer. We do not discriminate in hiring or employment practices based on race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran. Reinvestment Fund is committed to belonging, culture and engagement throughout our organization and in our external investment practices.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a PA state-exempt reporting adviser. In order to maintain 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 Compliance Manual 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 Compliance Manual, there are specific personal reporting and disclosure requirements for certain individuals, and this reporting may extend to your household members.