Empty Link

Tallaght & District Credit Union

 

Risk & Compliance Officer


Our client, Tallaght & District Credit Union, is seeking to recruit a Risk and Compliance Officer.
 

The role provides an excellent opportunity in managing the risk and compliance function and supporting the embedding of risk and compliance in the credit union.
 

The Role

The Risk & Compliance Officer will be accountable for the management, implementation and embedding of all aspects of risk and compliance in accordance with the regulations and the credit unions policies.

 

Key Responsibilities 


Risk Officer

The Risk Officer will be responsible for identifying, assessing, reporting, monitoring, and managing all internal and external risks that could affect the credit union, and assisting the CEO and Board with managing and mitigating those risks.

The key responsibilities include: 

  • Identifying, assessing, reporting, monitoring, and managing all internal and external risks that could affect the credit union, and assisting the CEO with managing and mitigating those risks
  • Leading the updating and implementation of risk management frameworks, policies, processes, and tools
  • Defining and leading the governance of risk frameworks and risk measurement and reporting methodologies
  • Acting as primary contact for the Board of Directors for all governance, business, and project risk issues
  • Agreeing a Risk Plan with the Board of Directors and ensuring it is being met and on schedule
  • Promoting a culture of risk management throughout the organisation
  • Monitoring the external environmental and wider credit union sector for changes that will present environmental risks to the credit union.
 
Compliance Officer

The overall role of the Compliance Officer is to provide assurance to the Board of Directors and the CEO that the credit union is compliant with legal and regulatory frameworks laid down by the regulators, legislation, and statutory and professional bodies. 

The key responsibilities include: 

  • Developing and documenting the compliance policy, and annual plan
  • Implementing the annual compliance plan including systems and controls to ensure the credit union complies with statutory and regulatory requirements and guidance
  • Fostering and embedding a compliance culture within the credit union
  • Ensuring sufficient training is being undertaken to ensure that all officers have the necessary knowledge to comply with their statutory and regulatory requirements
  • Establishing and assessing systems of control for compliance issues within the credit union
  • Overseeing compliance controls through audit, inspections, testing, etc.
  • Monitoring the activities of the credit union under the compliance plan and reporting to the CEO and Board of Directors on a regular basis, at least quarterly, and to management on a monthly basis
  • Investigating and reporting cases of non-compliance/compliance exceptions and breaches to the Board of Directors and the CEO, and ensuring adequate records are kept and maintained by the credit union around compliance
  • Updating the compliance policy and plan to take account of new or updated compliance requirements (including new or updated legal and regulatory requirements and guidance), new products and services, material modifications to existing products and services and major management initiatives
  • Supporting directors, the CEO and management in meeting their compliance requirements
  • Liaising with the regulators on compliance issues
 
Board 

The Risk and Compliance Officer will provide support to the Board and ARC Committee including training and mentoring and helpful guidance to support the Directors with their governance role.

 

Reporting

The Risk and Compliance Officer will be a member of the management team of the credit union and be accountable to the CEO and the Board, with day-to-day reporting to the CEO and performance management by the CEO.

 

Controlled Function

This position is a controlled function (CUCF-1) within the Central Bank of Ireland’s fitness and probity regime.

Person Requirements

The successful candidate will possess a third level qualification and hold a relevant professional qualification in areas such as accountancy/audit, business, legal, risk management, compliance, or other relevant disciplines.
 
Specific qualifications, which are desirable, but are not essential, include the Professional Certificate in Credit Union Risk and Compliance or the Professional Certificate in Conduct Risk, Culture and Operational Risk Management or equivalent.
 
The successful candidate will be highly analytical and logical, and with the capacity to communicate a secure vision and take ownership of the credit unions risk management and compliance plan and delivery.
 
They will utilise their aptitude for analytical thinking, including the ability to research, resolve problems, report findings, identify solutions, and implement resolutions, through interaction with credit union employees, the senior management team, the CEO, the Risk Management Committee, and the Board of Directors.
 
The successful candidate will have significant operational and organisational experience and relevant experience in risk and compliance management, preferably in the financial services, banking, or credit union sectors. Relevant experience in risk and compliance management from other fields will be considered where the candidate has demonstrated a strong experience and aptitude for risk and compliance management.
 
A minimum 3-5 years in a risk and compliance management role is required.
 
Significant experience in financial services would be ideal but is not essential as experience in other regulated sectors will be strongly considered.
 
Other skills and abilities, which are required, include:

  • The ability to interpret and disseminate the impact and requirements of new laws and regulations
  • The ability to build effective relationships with internal and external stakeholders and the ability to interact effectively with different audiences
  • Maturity and gravitas to ensure that the risk management and compliance function is fully embedded into the credit union
  • Strong business sense and understanding of the evolving credit union business model
  • Organised, detailed, focused individual with good communication and presentation skills
  • Strong project management skills, possess the ability to manage multiple priorities simultaneously, and have the ability to work on own initiative and to meet deadlines
  • Ability to assure that the risk direction and priorities are aligned with business strategies
  • Ability to foster risk and compliance management as a core competency throughout the credit union and facilitate risk and compliance training within the credit union
  • Highly computer literate, dedicated and flexible
  • Strong personal and interpersonal skills, and ability to build effective relationships with internal stakeholders at all levels, and external stakeholders
  • Highly analytical and flexible, with the capacity to communicate a secure vision and take ownership of enterprise risk management initiatives
  • Ability to work collaboratively with the management, Board, and team in the credit union
  • Ability to work well and communicate effectively and appropriately at all levels
  • Ability to influence, persuade and gain buy-in without the need to rely on authority or a fear-based approach citing ‘the law’ or ‘the Central Bank’

Knowledge and experience of GDPR and the Data Protection regulations in financial services would be an advantage. The DPO role is currently outsourced, but experience with reporting to the DPC, DPIA’s etc. would be an advantage.


Career and Professional Development Opportunity

This position offers an opportunity to work in a successful and ambitious credit union, seeking new  talent to join its management team and to bring its current outsourced services in-house. The role enjoys significant autonomy and an opportunity to take ownership and deliver success in risk and compliance management, whilst being able to work collaboratively with the management and team in the credit union.

 

Contract Duration and Hours

This is a full-time, permanent role.
 
Flexible hours can be agreed to meet work and life needs.
 
In their role in supporting the Board, the Risk and Compliance Officer will be required to attend monthly Board meetings and ARC Committee meetings in-person, with online attendance facilitated on occasion.  
 

Salary & Benefits 

The credit union will offer salary and benefits commensurate with the role and the marketplace. Salary is negotiable DOE.

 

Location / Hybrid

The role can be based at the Tallaght office or hybrid.

Your Next Step 

If you are ready to take a further step in your career, apply now at https://collierbroderick.hirehive.com/risk-and-compliance-officer-dublin-z17GLD

 

Confidential Enquiry 

If you would like to have a confidential discussion about this opportunity, please call Helena at CollierBroderick, the Credit Unions HR Partners, on 01 8666426 or 087 9074843.

 

Closing Date 

The closing date is Sunday 21st April 2024