Risk Officer

Risk Officer

Reports To: Manager, Risk and Operational Services

Every employee must honour the vision, mission and values of the credit union.

Primary Purpose

The primary purpose of the Risk Officer role is to deliver on objectives that support awareness in the areas of financial risk management, loss prevention and security controls. The Risk Officer is responsible for conducting, monitoring, auditing, reporting and tracking for areas of non-credit risk management, loss prevention, and security control for the credit union. This position is critical to providing streamlined processing to ensure the integrity and accuracy of member transactions while meeting regulatory requirements.

Key Accountabilities

Knowledge of Risk:

• Solid understanding of risk management principals.
• Expert knowledge in products and services and the necessary regulatory requirements.

Member Service:

• Ensures non-credit risk processes and policies are up followed with the member and internal staff in mind.
• Communicates with branch staff in dealing with member transactions.
• Is an advocate for financial products and services offered by Northern Savings and encourages new members to join the credit union.

Employee Engagement:

• Embodies and promotes professional image of the Corporate Office.
• Assists in the development, implementation and maintenance of a risk culture.
• Acts as a resource and provides training to employees on regulatory requirements.
• Participates as a member of a positive, capable team enabled to meet the mandate of the business unit.
• Contributes to a positive workplace that is motivating to all staff by operating in a manner which promotes trust, respect, integrity and credibility.
• Fosters a culture consistent with the credit union’s values and service philosophy.
• Collaborates with branch staff.

Operational Efficiency:

• Responsible to deliver process and procedures that protect the assets of Northern Savings.
• Works positively within Corporate Office and with branches to implement policies and practices in an efficient manner.
• Assists in the administration and gathering of information for various risk related corporate initiatives.
• Acts as back up Chief Anti-Money Laundering Officer
• Provide inputs and consultation in development of branch initiatives and Corporate Office initiatives.
• Stay attuned to opportunities for achieving process efficiencies and interprets the opportunities within Northern Savings

Financial and Risk Management:

• Facilitates branch and Corporate Office risk compliance activities providing for an appropriate balance of compliance with risk tolerance.

Minimum Qualifications

Education:

• Completion of secondary diploma required.
• Post-secondary education is an asset.
• Completion of CUSOURCE and/or CU Training courses related to this position is a requirement.

Experience:

• Previous financial services experience is required.

Skills:

• Ability to communicate and liaise professionally branch staff and member while maintaining confidentiality.
• Ability to prioritize, organize work within time constraints, under pressure and competing priorities.
• Ability to gather information and develop sound and prudent decisions and move forward to carry out decisions in a timely manner.
• Self-motivated and a self-starter.
• Excellent listener, patient, and empathic.
• Working knowledge, skills and experience in Microsoft Office.