St. Brigid’s Credit Union Ltd is now inviting applications for the following position...

The Compliance and Risk Officer (CRO) will report to the CEO and the Board of Directors of St Brigid’s Credit Union Ltd and is responsible for identifying, assessing, reporting, and monitoring all internal and external risks that could affect the credit union and assisting the CEO with managing and mitigating those risks. The CRO is responsible for the management of all aspects of the day-to-day compliance within the credit union.

Key Responsibilities:

 • Ensuring that the Credit Union is fully compliant in accordance with the provisions of the Credit Union Acts 1997 to 2012 and regulatory notices as issued by the Central Bank of Ireland.

 • Ensuring that the Board of Directors and CEO stay informed of emerging statutory and legal requirements which may impact directly upon the Credit Union and advising accordingly.

 • Assist the Data Protection Officer in developing and maintaining the data protection policy and with the development and implementation of data protection procedures.

 • Implementing an annual compliance plan, monitoring the activities of the credit union under the compliance plan and reporting to the Board of Directors.

 • Monitoring the systems and controls in place to ensure officers comply with any applicable individual legal regulatory requirements and guidance.

• Oversee the AML function and assist the AML Officer in producing a monthly and annual report to the Board of Directors 

• Advising the Board of Directors on the risk management policy, process and reporting any deviations from the risk management policy. 

• Reporting on any significant risk event to the Board of Directors in a timely manner. 

• Maintaining the risk management system approved by the Board of Directors including the risk register.

• Carrying out risk assessments on new products and services and events.

• Providing training and support in the area of risk management and compliance to officers of the credit union

 • Supporting the Board of Directors in promoting a culture of risk awareness, identification, and management at every level within the credit union.

The successful candidate should have the following: 

• A relevant professional qualification in compliance and/or risk management (e.g., from the ACOI, IOB, LIA or PRMIA).

 • A minimum of 3 – 5 years’ experience working in a risk management/compliance role in a financial services environment or a related discipline such as internal audit.

 • A strong knowledge of the regulatory framework for credit unions and the financial services industry.

 • Excellent report writing and presentation skills.

 • Excellent multitasking skills with the ability to work collaboratively in a team based working environment

A competitive remuneration package will be available dependent on relevant experience.

Applications including CV, setting out how you consider you meet the requirements of this role by email only addressed to mdolan@claracreditunion.ie

Closing date for receipt of applications is end of business on Friday 3rd March 2023

Short listing will be made on the applications received based on the key responsibilities and person specification as set out above. 

St. Brigid’s Credit Union Ltd is an Equal Opportunities Employer

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