Risk and Compliance Officer
The Role provides an excellent opportunity in managing the risk and compliance function and supporting the embedding of the Data Protection culture in the credit union.
Key Responsibilities:
* Leading the updating and implementation of risk management frameworks, policies, processes, tools and GDPR plan
* 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, project risk issues, Data Protection matters, and GDPR requirements
* Developing a Risk Management Plan with the approval of the Board of Directors and ensuring it is being fulfilled
* Promoting a culture of risk management throughout the organisation through the provision of risk specific training and guidance
* Monitoring the external environmental and wider credit union sector for changes that will present environmental risks to the credit union
* Developing and documenting the compliance policy, and annual compliance plan
* Implementing the annual compliance plan including systems and controls to ensure the credit union complies with statutory and regulatory requirements and guidance
* Provide input into any new policies, new projects, services or products regarding Data Protection requirements
* 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.
* 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.
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.
Skills:
(risk) (compliance) (data protection)