VP Finance & Risk
Job Location:
Monthly Salary:
Posted on:
30+ days ago
Posted on:
Vacancies:
1 Vacancy
Vacancies:
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) isnt your typical financial institution and this isnt your typical executive role.
Rooted in Hamilton and proudly serving our members we exist for one purpose: to care for the financial well-being of our members so they can focus on what matters most. That purpose shows up in how we lead how we make decisions and how we show up for each other as a team.
Were looking for a Vice President Finance and Risk to join our Executive Management Team a collaborative forward-thinking group that values trust candour and shared accountability. This is a role for a leader who doesnt just manage numbers but helps shape the future of the organization.
Position Overview
As Vice President Finance and Risk you will lead the full scope of finance accounting regulatory compliance and enterprise risk at HMECU. More importantly youll be a key voice at the executive table bringing insight perspective and sound judgment to strategic decisions that impact our members our people and our future.
Reporting directly to the President & CEO you will partner closely with the Executive Management Team and Board of Directors contributing to a culture of strong governance thoughtful risk management and sustainable growth.
What youd be doing
- Develop and maintain a strong internal control environment across the organization.
- Oversee financial reporting including preparation of financial statements and regulatory reporting and provide insights to the Executive Management Team.
- Lead budgeting forecasting and performance monitoring to support overall financial health and strategic decision-making.
- Monitor and manage financial risks including interest rate liquidity capital and foreign exchange risk.
- Analyze investment opportunities and oversee the credit unions investment portfolio.
- Set and administer rate structures in partnership with the CEO.
- Build and maintain strong relationships with external auditors regulators and key stakeholders.
- Provide executive leadership in audit risk and compliance including oversight of internal controls and financial governance.
- Lead the development and ongoing oversight of the Enterprise Risk Management (ERM) framework.
- Oversee AML/ATF compliance and fraud risk management ensuring adherence to all regulatory requirements.
- Develop and implement risk policies and programs including business continuity and loss prevention.
- Lead the Asset Liability Committee (ALCO).
- Represent management at the Board and Audit Committee including regular financial and risk reporting.
- Contribute to organizational strategy as a key member of the senior leadership team.
- Lead mentor and develop Finance Compliance and Accounts Payable teams.
- Manage relationships with external regulators and ensure ongoing legislative compliance.
- Other duties as assigned
Skill Requirements
- CPA designation required
- 79 years of progressive experience in accounting finance and risk management
- Experience with funding mechanisms (e.g. securitization) is considered an asset
- Strong expertise in financial modelling forecasting and budgeting
- Knowledge of banking regulations and compliance requirements
- Experience leading financial and risk functions
- Strong analytical strategic thinking and execution capabilities
- Excellent communication and relationship-building skills
- Proven ability to lead collaborate and influence across teams
- Experience developing policies and procedures
- Familiarity with DNA Banking System is an asset
- 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.
HMECU uses AI-assisted tools to support our recruitment process such as screening and organizing application information. All hiring decisions are made by our People & Culture team and hiring managers. A human will always review your application before any decisions are made.
Job Type: One (1) Full time existing 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
