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Irish League of Credit Unions (ILCU)

Internal Risk Officer

 Role Purpose                                                                                                                             

Reporting to the Compliance & Risk Manager, the Internal Risk Officer is responsible for the implementation and maintenance of the ILCU risk management system and liaising with all relevant stakeholders. This includes maintaining the ILCU risk register, Board report preparation, and conducting internal risk management training

The Internal Risk Officer will work with the Compliance & Risk Manager to engender a ‘customer-centric’ focus to service delivery and build strong relationships with all ILCU departments, Leadership Team and the ILCU Board

 Role Responsibilities                                                                                                                 

  • Support the Compliance & Risk Manager in the provision of guidance to the ILCU Board and ILCU leadership team on risk management influencing and informing decision makers on risk management strategy
  • Assist in the development of a risk management strategy, policies & processes for the ILCU for approval by the ILCU Board to ensure the ILCU has a robust framework for supporting ILCU teams in the identification and mitigation of risks facing the ILCU
  • Promote a strong risk management culture throughout ILCU through ensuring awareness of risks and the value of risk management
  • Maintain risk analysis and reporting including the risk register, assessment of newly identified risks and reporting of any updates to risks
  • Liaison with all key internal stakeholders to ensure progress of the actions outlined in the risk response plan
  • Document any risk events that have taken place including the actions taken and any impact on the risk register and/or risk response plan
  • Preparation of reports for the ILCU Board providing relevant updates on ILCU risk management
  • Monitor existing controls to ensure their effectiveness in line with expectations
  • Provide risk management training on the ILCU risk management framework for ILCU Board, Leadership team and staff members
  • Promote a robust risk culture within Credit Unions through support for the provision of structured advisory support, education, knowledge-sharing, and communications on all relevant risk matters to ensure they are equipped and enabled to manage and mitigate risks and issues at local levels
  • Ensure Risk services support the development and implementation of an appropriate ILCU risk management system in line with regulatory expectations
  • Analyse and communicate changes in the environment which may affect the prevailing risks for the ILCU
  • Proactively monitor developments and best practices regarding risk matters and provide regular updates to the Compliance & Risk Manager
  • Undertake special projects as may be directed from time to time by the Compliance & Risk Manager or Head of Professional Advisory Services
  • Champion a customer-focused approach and attitude across internal team interactions and relationships, and through the design and implementation of working procedures and processes
  • Any other duties which may be reasonably required from time to time, and which are commensurate with this role.

Role Requirements                                                                                                                   

  • Relevant third level qualification in compliance, risk management, business, or financial services
  • Relevant qualification in specialist area of risk management is desirable
  • Min 5 years in a risk management role, gained within a financial services environment, with at least 2 years leading/managing a team
  • Strong working expertise and knowledge in dealing with risk management matters in a regulated financial services environment, as well dealing with relevant audiences and stakeholder bodies
  • Detailed understanding and knowledge of financial services regulations and frameworks in both Republic of Ireland and in Northern Ireland
  • Excellent relationship management and teamwork skills, capable of working collaboratively with a range of stakeholders and contributors and facilitate discussion and alignment
  • Excellent communication skills (written and verbal) & influencing skills, with proven report writing and presentation skills and the ability to clearly articulate and present strategic content
  • Excellent organisation skills with the ability to manage and deliver multiple projects to deadlines

To Apply

Interested candidates should apply by forwarding a CV and cover letter outlining their suitability for this position to: Margaret Davern, Chartered FCIPD, HR Adviser, Irish League of Credit Unions, 33 – 41 Lower Mount Street, Dublin 2. Email: mdavern@creditunion.ie

Closing date for receipt of applications is Monday 3rd October 2022

The Irish League of Credit Unions is an equal opportunities employer