Description
The Risk Manager will have the following responsibilities:
- Ensuring each internal/external risk of the is identified, assessed, reported and monitored and assisting the manager with managing and mitigating those risks;
- Advising the board of directors on the risk management policy and process and any deviations from the risk management policy;
- Reporting on any significant risk event to the board of directors in a timely manner and making monthly reports to the board of directors;
- Implementing the risk management system approved by the board of directors;
- Maintaining the risk register;
- Maintaining vigilance for any adverse developments that may not be consistent with the Credit Union's risk appetite, tolerance and business strategy;
- Providing an independent evaluation of, and opinion on, processes, systems and controls and detail any required remedial action where weaknesses are identified;
- Communicating the risk management policy, process and roles and responsibilities relating to officers of the credit union;
- Providing training and support in the area of risk management to officers of the credit union;
- Making the necessary information available to the internal audit function to facilitate independent review of the risk management system;
- Supporting the board of directors in promoting a culture of risk awareness, identification and management at every level