St Canice’s Kilkenny Credit Union
Head of Risk (HOR)
Job Description
Position Title: Head of Risk (HOR)
Reporting To: CEO, the Board of Directors via the Audit & Risk Committees
1. The Role:
The HOR will provide leadership and direction in the establishment of effective risk management and risk strategy activities to meet St Canice’s Kilkenny Credit Union’s strategic, operational and reporting objectives. The Head of Risk role will ensure that the Credit Union is acting within relevant, legal and regulatory frameworks. The role is a pre-approved controlled function as defined by the Central Bank of Ireland.
2. Principal Duties & Responsibilities:
The Head of Risk will manage risk management activities within the credit union. Duties and responsibilities will include:
- Responsible for the management and development of a robust Risk function, enabling the Credit Union to meet its requirements under the Credit Union Act 1997-2012 subject to additional regulatory or directional requirements from the regulator.
- Providing guidance and assistance to management and relevant staff with the identification, assessment, understanding, management, monitoring and communication of significant internal and external risks, including but not limited to:
- Employees;
- Members;
- Reputation and Assets.
- Ensure each internal/external risk of the credit union is identified, assessed, reported and monitored and assist the CEO in managing and mitigating those risks
- Advise the board of directors on the risk management policy and process and any deviations from the risk management policy
- Report on any significant risk event to the board of directors in a timely manner
- Implement the risk management framework approved by the board of directors
- Maintain the risk register
- Carry out periodic risk reviews of the organisations activities to ensure that its employees and third parties are meeting the required standards in respect of applicable legislation and internal controls.
- provide monthly reports to the board of directors;
- To be responsible for corporate governance involving appropriate external risk reporting to stakeholders (including the Central Bank and the Registrar of Credit Unions).
- communicate the risk management policy, process and roles and responsibilities relating to officers of the credit union
- provide training and support in the area of risk management to officers of the credit union
- support the board of directors in promoting a culture of risk awareness, identification and management at every level within the credit union.
- To take constant steps to analyse and fix any areas where the credit union is open to litigation, including liaison with legal counsel. Occasionally, the Risk Manager will have to testify on behalf of the Credit Union.
- Working with functional teams to ensure complete reporting on the risk profile to Executive Management and the Risk Committee of the Board of Directors.
- Working with external suppliers to ensure complete reporting on the risk profile to Executive Management and the Risk Committee of the Board of Directors
- Reviewing key performance indicators/metrics and assist management in the early identification of risk trends.
- Partners with the executive management team and relevant staff to prepare risk self-assessments including analysis of stated controls, identifying gaps and creating action plans
- Leads development and annual planning for RM activities, budgets and resources
- Provide assistance to the board of directors and volunteers, liaising with committees as required.
The above is not an exhaustive list of duties as the role may change to meet the overall objectives of the Credit Union.
3. The Person:
The successful candidate should have;
- A minimum of 5 years’ experience in Risk Management in Financial Services or other relevant sectors
- A professional qualification relevant to the role.
- Strong interpersonal and organisational skills
- Knowledge and understanding of regulatory environment governing Credit Unions.
- Experience in leading a team of people, people development and coaching.
- Capable of leading a Board through key issues and facilitating solutions/mitigating actions with them
- Capable of organizational influence in leading the staff through required changes to better position the credit union in all regulatory matters
- Excellent written and oral communication skills
- Efficient and well organized with exceptional attention to detail
- Have good analytical ability and demonstrated project management skills
Letter of Application & CV by email only to: cobrien@metamo.ie before 5pm 6th May 2024
St Canice’s Credit Union is an Equal Opportunities Employer