St Pauls Garda Credit Union based in the heart of Cork city has an exciting opportunity to be part of an ambitious, forward looking and strategic thinking management team.
St Pauls Garda Credit Union is a member owned and run financial cooperative serving the personnel of An Garda Sochna, and their families nationwide.
The opportunity has arisen within the Credit Union for a new Head of Regulation to join our team in fulfilling its core mission of providing top-quality service to members and being innovative in our pursuit of service excellence.
The Head of Regulation will report to the CEO with a dotted reporting line to the Board of Directors and relevant committees and will be primarily responsible for leading and developing the Regulatory Affairs function, enabling St Pauls Garda Credit Union to meet its requirements under the Credit Union Act 1997 (As Amended) as well as guidance under the Credit Union Handbook and all other legislative and regulatory requirements which apply.
The successful candidate will be a key strategic member of the senior leadership team of the Credit Union and be responsible for and lead the way on Risk, Compliance, Money Laundering, and Data Protection functions and general regulatory oversight to ensure the credit union is adhering fully to the requirements of legislation, regulation, and Central Bank directives in these areas.
In all cases of non-adherence, they will develop plans to support the Board and the Management team to correct the exposure and to avoid future risks.
In addition to identifying and mitigating potential risks, the Head of Regulation will recognize the importance of capturing opportunities.
Key Responsibilities: To lead and develop this regulatory function ensuring the quality delivery of risk, compliance, Money Laundering, and Data Protection services to and on behalf of the Credit Union.
To communicate effectively to the CEO, Board, Committees and the Senior Leadership Team on the effectiveness of the systems, processes, and people in adherence to policies, procedures, and required practices.
To modify, develop, and amend policies for approval by the Board To monitor changes to legal, regulatory, and industry environments on an on-going basis and assess the impact on the business.
To participate fully as a strategic member of the Senior Leadership Team of St Pauls Garda Credit Union, supporting the CEO and team members in the delivery of the strategy and business goals of the Credit Union.
Continuously act as a role model leader demonstrating the highest standards of professionalism, behaviour, ethical management, integrity, and honesty.
Keep under constant review St Pauls Garda Credit Union strategy, policy and procedural documentation ensuring alignment to the Risk Appetite of the Credit Union.
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.
To assist the board of directors and CEO in the development and implementation of the credit union policy and strategy for risk management.
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 To carry out 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.
Examine decision making within the Credit Union considering the rationale and overall governance arrangements, such as the quality and reliability of data used in the decision making process, the exercise of appropriate judgement and ongoing performance against benchmarks and objectives.
Participate in external forums, connect with regulatory bodies and develop a network to ensure the function and the credit union is to the fore of changes and best practices with the regulatory environment.
Fulfil the Credit Union requirements under money laundering and criminal justice legislation.?
Ensure that the Credit Union fulfils its requirements regarding fitness and probity under The Central Bank Reform Act 2010.
To oversee the management of the credit unions outsourcing activities incorporating due diligence and annual performance reviews.
To manage and oversee the relationship with the outsourced DPO function.
To assist the CEO in preparing the monthly Board pack and all related reports.
To have a solution-driven approach and to proactively anticipate issues and mitigation processes for these issues before they become a problem for the credit union To oversee the interaction with the Internal Audit function to ensure smooth functioning and to ensure that Internal Audit have regular access to up-to-date assessment of Risk Levels and that any areas of increased or increasing risk are brought to the attention of Internal Audit.
Conduct workshops/training sessions with Senior Leadership Team and wider team within the credit union to help enhance risk management capabilities across the credit union.
The above list is not exhaustive and may be subject to change in line with the needs of the business.
The successful candidate should have the following: A self-motivated, strategic thinker, with experience working within a Senior Leadership Team and the ability to influence and motivate teams.
A minimum of 5 years experience in a risk and/or compliance role or financial services management role with an emphasis on risk, compliance, AML and Data Protection Strong Leadership experience, people development and coaching.
Capable of leading a Board through key issues and facilitating solutions/mitigating actions.
Ability to assess and identify risk factors regarding new products and services and being able to outline practical solutions to enable successful implementation when required Capable of organisational 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 organised with exceptional attention to detail Have good analytical ability and demonstrated project management skills An understanding of the credit union movement would be a distinct advantage A Risk and Compliance qualification to diploma level would be desirable with a commitment to completing further studies as appropriate to the role The role is a Central Bank Controlled Function and is subject to strict Fitness & Probity obligations Skills: Strategic Leadership Agility Organisational Skills Benefits: Parking Pension Fund