Nenagh Credit Union

Risk Manager

JOB TITLE: Risk Manager

CREDIT UNION: Nenagh Credit Union

REPORTING TO: CEO and Board of Directors

Nenagh Credit Union Limited are inviting applications for the position of Risk Manager, on a fulltime, permanent basis. This is an excellent opportunity to join a progressive and ambitious Credit Union with over 18,500 members and assets of more than €90 million. Nenagh Credit Union Limited wish to appoint a self-motivated individual with excellent communication and interpersonal skills to this position.

ROLE PURPOSE

The Risk Manager will be responsible for identifying, assessing, reporting and monitoring all internal and external risks that could affect the credit union to which the risk management system relates, including risks to its employees, members, reputation and assets, and assisting the CEO with managing and mitigating those risks.

GENERAL SCOPE OF ROLE:

The Risk Manager will play a pivotal role in safeguarding the Credit Union’s assets, reputation, and members by developing and maintaining a robust risk management framework. The Risk Manager will report to the CEO and the Board of Directors. Working closely with the CEO, Board of Directors and Senior Management, the Risk Manager will ensure the organisation identifies, manages, and mitigates risks effectively – with a particular emphasis on cyber risk and risks associated with outsourcing arrangements.

The Risk Manager will actively participate in management discussions and strategic planning to promote risk-sensitive decision-making. This includes providing input on new products, outsourcing arrangements, and strategic initiatives to ensure alignment with the Credit Union’s risk appetite

This is a pivotal management role ensuring that effective Risk Management results in informed decision making in supporting the delivery of our Strategic Plan and business objectives. 

KEY RESPONSIBILITIES:

Manage, plan, design, and implement an overall risk management process for the credit union, including the development and implementation of a risk management policy setting out its approach to risk and its approach to risk management.

Risk Identification & Assessment: Proactively identify, assess, and monitor all material risks, with a particular focus on cyber security threats and outsourcing risks.

Conduct regular risk assessments across the credit union, which involves analysing both internal and external risks as well as identifying, assessing, describing, reporting, and estimating the risks affecting the business. Maintain a risk register for the credit union and update the risk response plan following a significant risk event (if required) and notify the manager and risk committee of this change. Monitor continuously the external environment for any changes which may materially affect the risk appetite and/or risk tolerance of the credit union.

Cyber Risk Management:

Develop and oversee cyber risk policies, procedures, and controls.

Conduct regular cyber risk assessments and ensure appropriate security measures are in place.

Coordinate with IT and external vendors to monitor emerging threats and ensure prompt incident response and recovery.

Deliver cyber awareness training to staff and promote a culture of cyber security.

Outsourcing Risk Management:

Assess risks associated with outsourcing arrangements, including due diligence on third-party providers.

Monitor compliance with regulatory guidance on outsourcing (including Central Bank of Ireland requirements).

Maintain a register of outsourced activities and ensure proper oversight and periodic review of service providers.

Manage the credit union’s outsourcing activities incorporating risk due diligence

Regulatory Compliance: Ensure risk management activities comply with all relevant legislation, regulations, and guidelines, including those issued by the Central Bank of Ireland.

Operations:

Liaising with all departments to identify department specific risks to ensure the risk register is kept up to date.

Ensure that Key Risk Indicators are up to date and fit for purpose.

Identify risks which are close to tolerance and report to the CEO and Risk Owner.

Engage with the compliance team and internal auditors as required.

Provide ongoing risk management advice to all officers of the credit union.

Reporting: Prepare regular risk reports for the Board and CEO, highlighting key exposures and mitigation actions.

Business Continuity: Support the development and testing of business continuity and disaster recovery plans, especially concerning cyber incidents and outsourced services.

Training & Awareness: Promote risk awareness across the Credit Union and deliver formal training programmes for staff and directors, tailored to Nenagh Credit Union’s risk framework, and to fostering engagement across all levels of the organisation to embed a strong risk culture.

Incident Management: Lead investigations into risk events and support remedial actions to prevent recurrence. Undertake research and special projects as required.

QUALIFICATIONS AND EXPERIENCE:

Bachelor’s degree in, Risk Management, Business, IT, Finance, or a related discipline.

Minimum of 3 years’ experience in risk management, preferably within financial services or the credit union sector.

Demonstrable expertise in cyber risk and outsourcing risk management.

Strong understanding of the regulatory environment for credit unions in Ireland.

Excellent analytical, communication, and interpersonal skills.

Proven ability to work independently and collaboratively across teams.

SKILLS AND COMPETENCIES:

Risk Analysis and Assessment: Ability to systematically identify, evaluate, and prioritise risks across the Credit Union’s operations.

Cyber security awareness: In-depth understanding of cyber threats, vulnerabilities, and best practices for protection.

Third-party/vendor risk management: Ability to assess and oversee risks linked to outsourced services and external suppliers.

Regulatory compliance: Comprehensive understanding of the legal and regulatory framework governing Irish credit unions, including the Central Bank’s guidelines.

Problem-solving and decision-making skills.

Stakeholder management: Ability to engage positively and effectively with internal and external stakeholders, including staff, management, board members, regulators, and vendors.

Report writing and presentation skills.

Attention to detail and organisational skills: An organised approach to documenting risk assessments, maintaining accurate records, and following up on action items.

THE BENEFITS:

We offer a comprehensive benefits package designed to support your well-being and professional growth. Our benefits include:

Nenagh Credit Union Limited offers a competitive salary (based on qualification and experience) and a generous pension scheme to ensure our employees have financial security in their retirement.

Educational Financial Support provided to complete additional qualifications relevant to the role in the Credit Union

A collaborative and inclusive work environment with regular team-building activities, social events, and opportunities to give back to the community.

THE PROCESS:

Please email your CV with the subject line Risk Manager to: careers@nenaghcu.ie before close of business on Friday 23/01/2026.

Short listing may apply, and assessment will be done based on the information provided in the application.

Nenagh Credit Union Limited is an equal opportunities employer.

Canvassing will disqualify.

Nenagh Credit Union Limited is regulated by the Central Bank of Ireland.

Nenagh Credit Union’s Data Privacy Statement can be accessed at: www.nenaghcu.ie

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