VP Finance & Risk
Share
Job Location:
Monthly Salary:
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Title: Vice President Finance and Risk
Job Status: Regular Full-Time
Primary Location: Head Office - 209 Limeridge Rd East Hamilton ON. Hybrid Work Environment Available. The in-person office time is to create meaningful and lasting connections with our members staff and our HMECU community.
Introduction
Healthcare and Municipal Employees Credit Union (HMECU) is a financial institution with a long history of providing superior financial services to local members. We are looking for an experienced and dedicated Vice President Finance and Risk to join our organization in our Hamilton Head office.
Position Overview
The Vice President Finance and Risk will be responsible for leading and managing all financial accounting regulatory compliance and risk management functions of the organization. This role is critical to the success of HMECU and requires a high degree of accuracy and attention to detail. This position will report to the President and CEO and will work closely with the Senior Management team and other stakeholders.
The Vice President Finance and Risk will manage the corporate financial performance of the Credit Union by developing and implementing short- and long-term part of the Executive Management Team this position will work actively with the board in the development and implementation of Credit Union strategic goals; work with management to develop tactical plans designed to achieve strategic goals; and will prepare the necessary business plan and budgets to achieve the tactical plans.
What youd be doing
- Develop and maintain a sound internal control environment.
- Oversee the preparation of financial statements and provide interpretation and analysis to the Executive Management Team.
- Oversee the preparation of regulatory reporting.
- Develops recommends and implements changes to policies and procedures in the areas of administration to ensure compliance with application regulations and laws.
- Develop and maintain a strong relationship with external auditors and stake holders.
- Monitor and manage the Credit Unions financial risk including but not limited to: Interest Rate Risk Capital Risk Liquidity Risk and Foreign Exchange Risk
- Develop and implement strategies for increasing profitability and reducing costs.
- Develop and maintain the budget and forecasting processes and monitor the overall credit union performance.
- Manage and evaluate the financial and operational systems of the Credit Union.
- Analyze investment opportunities and manage the overall investment portfolio.
- Participates actively at the senior management level and Board of Director level in the development and implementation of strategic plans.
- Sets and administers the rate structure in conjunction with the CEO.
- Supervises mentors and coaches the Finance Compliance and Accounts Payable Teams.
- Responsible for providing overall direction control and planning for the audit risk and internal controls for the credit union.
- Key executive management representative to Board Audit Committee and other Board Committees as assigned.
- Reports to the Board of Directors regarding the finances of the Credit Union.
- Lead the Asset Liability Committee (ALCO).
- Lead the development implementation and ongoing oversight of the Enterprise Risk Management (ERM) framework.
- Oversee Anti-Money Laundering (AML) Anti-Terrorist Financing (ATF) and fraud risk management functions ensuring compliance with all applicable regulatory requirements.
- Oversees compliance function.
- Manages corporate enterprise risk relating to areas such as anti-money laundering/terrorist financing compliance and other related legislation; keeps current with and ensures credit union compliance to legislation.
- Develops and implements risk policies and programs relating to areas such as loss prevention and business continuity.
- Oversees the monitoring investigation and tracking of internal control processes and losses due to fraud forgery and theft.
- Manages relationships with external regulators.
- Other duties as assigned.
Skill Requirements
- Accounting designation (CPA) required.
- Minimum of 7-9 years in accounting and financial experience.
- Experience with funding mechanisms including securitization is considered an asset.
- Proven experience managing financial and risk functions.
- Proficiency in financial modelling forecasting and budgeting.
- Knowledge of banking regulations and compliance requirements.
- Knowledge of DNA Banking System would be considered an asset.
- Excellent organizational interpersonal and communication skills
- Ability to work independently and take initiative.
- Excellent planning budgeting and organizational skills.
- Strong people skills in working and developing relationships with stakeholders staff and members.
- Sound analytical thinking planning prioritization and execution skills and strategic leadership ability.
- A team player with the ability to work collaboratively.
- Experience creating policies and procedures.
- Must be bondable.
If you have the required skills and experience and are looking to join a dynamic and growing financial institution and team we would love to hear from you.
Please note: Healthcare and Municipal Employees Credit Union has an accommodation process in place and provides accommodations for employees with disabilities. If you require a specific accommodation because of a disability or a medical need please contact HR at ext 145 or so that arrangements can be made.
We thank all applicants for their interest however only those selected for an interview will be contacted.
Job Type: One (1) Full time vacancy
Primary Location: Head Office / Remote Hybrid Work Environment available
Benefits: YES. We offer a very comprehensive Benefits Package.
100% Employer Paid Benefits for STD LTD Life Insurance Extended Health Dental Coverage and Employee Family Assistance Program
Pension: Defined Contribution Pension Plan; with 9% Employer Contributions
Compensation:$105000.00 - $158600.00 variable annual incentive plan. Compensation for this role is currently under review and may be adjusted to align with market benchmarks subject to Board approval.
Required Experience:
Exec
