League Savings & Mortgage Company (LSM) is currently accepting applications for a Director, Enterprise Risk Management (ERM) & Regulatory Compliance.
WHO WE ARE:
LSM, a credit union owned company, is a federally regulated financial institution based in Nova Scotia. We deliver quality results and offer a collaborative and community focused work place. We strive to create an environment where all team members have opportunities for growth and feel welcome, valued, supported and connected.
If your values align with ours, consider joining our team!
A TYPICAL WEEK:
Working as part of the Risk team, the Director, ERM & Regulatory Compliance collaborates with senior leadership and cross functionally to build enterprise-wide risk management and regulatory compliance strategies, ensuring alignment with business objectives, industry standards, and regulatory requirements. The Director also oversees and leads the development and execution of the risk and regulatory frameworks to identify, assess, and mitigate operational, financial, regulatory, strategic, and reputational risks and are also responsible for providing direction and oversight to Co-operative Social Responsibility and Environmental Social Governance initiatives.
RESPONSIBILITIES:
Strategy Development
• Leads the development, implementation, and continuous improvement of the organization’s risk and regulatory strategies and their associated frameworks, ensuring technology and cyber security risk receive appropriate ongoing emphasis, maintaining and updating as required.
• Collaborates with senior leadership and other LSM departments to ensure alignment between risk management and regulatory compliance strategies and business objectives and provides guidance on integrating risk management into corporate decision-making processes and business operations.
• Participates in and provides input into the development of corporate strategies and business plans. Develops, recommends, implements and manages the annual department budget, monitors performance results and takes corrective action where appropriate.
Risk Identification, Assessment, Mitigation & Control
• Oversees the identification, evaluation, and prioritization of organization wide risks. Specific risk areas include treasure, capital, liquidity, crisis management/business continuity, securitization, credit, market, human resources, third-party, climate and technology.
• Develops and implements risk mitigation strategies and action plans to reduce risk impact and works closely with operational business leaders to ensure risk mitigation efforts are effectively applied and integrated at both strategic and operational levels.
• Leads and supports regular organization wide risk assessments, ensuring comprehensive risk identification and analysis, and develops and maintains a detailed risk register, to ensure evolving risks are effectively managed.
Regulatory Compliance & Governance
• Establishes and maintains the corporate regulatory compliance framework.
• Oversees the company’s compliance with relevant regulations, ensuring that the ERM framework addresses regulatory changes and compliance risks.
• Leads efforts to ensure the organization adheres to internal governance frameworks, risk policies, and best practices.
• Coordinates with internal and external auditors to ensure accurate reporting and resolution of audit findings.
Reporting & Communication
• Oversees the preparation of and delivers regular risk reports to the Board Risk Committee, Board of Directors, senior leadership, and other stakeholders, providing updates on the risk landscape, mitigation efforts, and emerging risks.
• Maintains open communications with senior leadership regarding risk trends, critical issues, and new regulatory requirements, leads open discussions and informs strategic decision making based on risk analysis.
• Communicates with regulators.
Crisis Management, Incident Response, and Business Continuity Management:
• Leads the development and implementation of the organization’s crisis management and incident response plans as well as the Recovery Plan. Maintains, updates and tests the Recovery Plan.
• Oversees the management of significant risk events, ensuring proper investigation, documentation, and corrective actions are taken.
• Ensures that business continuity and disaster recovery plans are aligned with the organization’s overall risk management strategy.
Corporate Leadership
• Provides oversight, leadership, and direction to direct reports in their provision of corporate CSR and ESG programs and initiatives.
• Actively participates in a variety of organizational committees to provide subject matter expertise.
• Fosters strong relationships and promotes cross-functional collaboration to address risk-related concerns, develops and implements training programs to promote risk awareness across the organization and embeds risk management practices into day-to-day operations
• Backs up the Chief Risk Officer in their absence.
TO BE SUCCESSFUL:
As the ideal candidate you will have successfully completed a Bachelor’s degree in Business, Finance or Risk Management, plus have a minimum of 10 years’ experience in risk management, regulatory compliance or a related field including progressive leadership experience or an equivalent combination of education and experience.
A Master’s degree and/or a professional accounting or auditing designation would be considered an asset.
COMPENSATION & BENEFITS:
This is a permanent, full-time position with salary range of $127,872 – $150,438. We offer a competitive contract benefits package as well as the opportunity to participate in the Performance Sharing Incentive Plan.
Our employees’ wellbeing is a top priority, and we underscore that with benefits such flexible working arrangements, sick days, and personal days, to enable employees to strike a balance that works for them.
LOCATION:
This position will be based in our Halifax, NS office, and provides services throughout Atlantic Canada and beyond; therefore, we offer the ability to work remotely as required.
TRAVEL, EVENING AND WEEKEND WORK:
This position requires occasional travel as well as some evening and weekend work.
ABOUT LSM
LSM is Atlantic Canada’s credit union owned financial institution and has partnered with credit unions to provide a wide range of competitive financial products and services to support Credit Union success since 1966.
We are proud to be a Certified B CorporationTM joining a global movement of people using business as a force for good. We are committed to making business decisions that are in the best interests of our employees, credit unions and their members.
Curious about what else we do? Check out our website or LinkedIn page.
We are committed to providing a work environment that fosters inclusion, value and respect and reflects the diversity of the communities in which we live and serve. We encourage and welcome applications from traditionally underrepresented and equity-seeking groups. All qualified applicants will receive equal consideration; however, priority will be given to Canadian citizens and permanent residents. Should you require any accommodation during the recruitment process or otherwise, please notify us and we will work to meet your accessibility needs.
