Overview
Chief Risk Officer Jobs in Vancouver, Canada at Gail Pearce Recruiting
The Chief Risk Officer reports to the Chief Executive Officer (CEO).
The Chief Risk Officer (CRO) is a member of the Senior Leadership Team who provides leadership, oversight and coordination of Risk Management for our Credit Union.
This leader translates business strategies into goals and objectives, managing the control, reporting, monitoring and awareness of financial risk management, loss prevention and security controls of the Credit Union to ensure exemplary member service and organizational success.
This business unit leader is responsible for overseeing the provision of exemplary member service, providing for engagement of employees, managing the operations to be efficient and effective, taking action to mitigate current and emerging risk, and providing for the financial health of the unit while contributing to the operational and financial health of the Credit Union as a whole.
The CRO is to conduct their duties while demonstrating positive leadership within the Credit Union and externally in the community. The CRO is to inspire the employees of the business unit to achieve their maximum potential and produce results in the best interest of the credit union while respecting members’ needs.
KEY ACCOUNTABILITIES
Develop specific short- and long-term strategy and objectives to establish and maintain effective compliance risk mitigation related to the functional areas of:
Anti-money laundering & terrorist financing (Proceeds of Crime (Money Laundering) and Terrorist Financing Act;
Fraud;
Privacy (Personal Information Protection Act);
Member tax residency compliance (Foreign Account Tax Compliance Act and Common Reporting Standard).
- Overall leadership and coordination of the Risk Services department.
- Provides direction and monitor the operations of the Risk Services department to ensure the department is providing the products and services required by the members and branches.
- Provide reporting to the CEO as required and follow up on initiatives of the department.
- Provides for effective functioning of the business line and attaining stated objectives.
Anti-Money Laundering
- Oversee the anti-money laundering program and ensure the program is up to date with FINTRAC
- Coordinate effective Anti-Money Laundering training to benefit members and the organization.
- Formally act as the Chief Anti-Money Laundering Officer (CAMLO) ensuring that the necessary structures, management systems, programs, policies and procedures are in place to comply with legislation, regulations and directive.
Credit Risk Management and Oversight
- Oversees and approves development, implementation, and maintenance of credit risk
- management policies and procedures to address potential issues and mitigate risks.
- Ensures the credit union’s credit risk management framework aligns with regulatory requirements and industry best practices.
Privacy Officer
- Maintain knowledge of privacy legislation and regulations; ensure all credit union operations comply with these standards.
Corporate Insurance Administration
- Maintains credit unions’ four corporate insurance programs:
Master Bond Program, Cyber Security Insurance, Professional Liability Insurance Program, and the Master Property Insurance Program
Employee Engagement
- Build positive capable teams to meet the mandate of the business units.
- Build a positive work environment that is motivating to employees.
Credit Union Support
- Participates as member of the Asset and Liability Committee (ALCO)
- Is a key resource to the Audit and Operational Risk Committee (AOR)
- Is a key resource to the Credit & Market Risk Committee (CMR)
REQUIREMENTSRequirements:
Core Effectiveness SkillsInterpersonal and Communication skills
- Builds and sustains effective working relationships between staff, members, and community
- Effective listening and telephone skills
- Ability to support effective interaction between and among people and groups of people
- Deals with conflict positively and supports others to resolve differences
- Ability to mediate differences between individuals and groups of people
- Ability to persuade, influence, negotiate, motivate people and events
Title: Chief Risk Officer
Company: Gail Pearce Recruiting
Location: Vancouver, Canada
Category:
