Annual Salary: $96,429 – $132,590
Innovation Federal Credit Union has a bold ambition. In addition to being Canada’s newest Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenets of the digital business model, like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.
We come to work to simplify banking for all Canadians – that’s our purpose.
How does this position help fulfill Innovation’s purpose? Glad you asked!
Reporting to the Chief Risk Officer, the Director, Third Party Risk Management leads the third-party risk management (TPRM) program for Innovation Federal Credit Union. The TPRM program includes various activities such as servicer reviews for critical third-party arrangements. The role also provides leadership in the use of the GRC tool (Resolver) and is responsible to maintain and enhance the tool to ensure its ongoing effectiveness for the Operational Risk programs.
WIIFY (what’s in it for you):
- Competitive Salary
- Diverse and Inclusive Culture that continues to evolve
- Flexible work arrangement options
- Strong benefit package
- 7% Superannuation matched contribution program
- Attractive variable incentive program
- Wellness Days to create appropriate work/life balance
- Paid Education opportunities to ensure our members have the most equipped staff to help them
- A purpose-driven organization that focuses on the values of Accountability, Integrity and Respect
- And lots more reasons to love where you work and what you do!
What our team is looking for:
- A growth mindset that emulates Model, Coach and Care behaviours in every activity and approach
- A solution mindset that feeds inertia
- An ambassador willing to promote our team inside and outside the organization.
- Somebody who is digitally capable and wants to dig into new technology with enthusiasm!
- Somebody who can work with occasional ambiguity with a focus on process evolution.
- A mindset of Solve, Serve, Sell – a problem solver, serving our members directly or indirectly, and selling our brand!
- Somebody to sweat the small stuff, but also see the big picture.
- Personality and Energy – a flair for polish, and you bring your personal, creative touch to everything you do!
What will you do?
- Support the management of development and validation approaches to credit union risk modeling and measurement, risk assessment and mitigation within the ORM and ERM frameworks
- Monitor and evaluate policy and procedures for enterprise risk and make recommendations for improvement to ensure policies and procedures are enacted accurately and effectively communicate key control provisions
- Lead the organization’s third-party risk management program that includes servicer reviews for critical third-party arrangements, with appropriate reporting and escalation of issues
- Lead the implementation and roll-out of the GRC tool (Resolver) and ensure its capabilities are developed, maintained and enhanced for continued support of the Operational Risk programs
- Apply technical aspects of federal credit union regulation to practical business scenarios
- Review the assessed risk when making decisions, ensuring compliance with all regulatory requirements
- All leaders are responsible for ensuring day-to-day compliance with the policies and procedures that are relevant to their operational areas. They are also required to monitor and identify any instances of non-compliance during day-to-day activities and, if material, to notify the VP ERM, who will report to the Executive Leadership Team and the Board
- Identify deficiencies and advise of potential risk situations
- Identify the adequacy, efficiency, and effectiveness of the organization’s internal controls
Some things that would impress us:
- University degree in Commerce, Business Administration, Public Administration, Law, or related discipline
- 10 years of job-related experience or an equivalent combination of education, experience and learning, preferably within the credit union system
- Advanced knowledge of operational risk management practices, GRC tools (e.g., Resolver) and third-party risk management
Interested?
Click the ‘Apply now’ button!
Innovation Federal Credit Union acknowledges that Indigenous peoples are the traditional guardians of this land that we call Canada. In Saskatchewan we are on treaty lands and these treaties serve to govern our relationships with Indigenous people. We are dedicated to ensuring that the spirit of Reconciliation and treaties are honoured and respected.