An exciting and immediate career opportunity is currently available at WFCU Credit Union for a:
Director, Financial Risk Management
As the Director, Financial Risk Management, you will play a pivotal role in ensuring the organization's financial risk management strategies are effective, efficient, and aligned with business objectives. You will collaborate with the regulatory compliance team as well as cross-functional departments and provide strategic direction to enhance risk mitigation and compliance.
Position Type: New Position
Salary Range: $110,000 - $155,000
In summary, Director, Financial Risk Management will:
- Contribute to the maintenance and enhancement of the company's enterprise risk management framework with a focus on financial risk management principles, frameworks, policies, and strategies.
- As a second line of defense function, support and apply an effective challenge function relative to first line of defense and work collaboratively with the third line of defense.
- Support the Senior Risk Officer and senior leadership in maintaining an appropriate risk appetite framework, including evaluation of ongoing suitability of our risk appetite, key risk indicators, Board and Management limits, and risk mitigation strategies.
- Oversee and/or perform the identification, assessment, and monitoring of financial risks across the organization.
- Analyze, monitor and report on trends and insights from the measurement of key financial risk indicators, providing insights and recommendations to the Senior Risk Officer and senior management.
- Collaborate with cross-functional teams to ensure financial risk considerations are integrated into business plans of the first line of defense, new products and new initiatives, including performing critical review of business cases developed by the first line of defense.
- Provide guidance and training to staff on financial risk management principles and compliance requirements, including providing support to the first line in the application of the risk appetite framework in business activities and decision making.
- Stay informed about industry trends, emerging risks, and regulatory changes, incorporating insights into financial risk strategies.
- Represent the organization in financial risk management and compliance discussions with external stakeholders.
- Identify the need to implement new financial models/techniques for risk management as WFCU matures its governance, industry standards evolve and regulatory requirements change.
- Working with SRO and others, establishing a model risk and vetting framework for WFCU, and working with others in the risk team as appropriate, perform validation of financial models in alignment with emerging requirements and with consideration of risk.
- Complete any other duties as assigned.
The “must-have” skills and qualifications that we’re looking for are:
- A minimum of eight (8) years of proven and progressive financial risk management experience, including in a management role.
- Experience including but not limited to addressing risk considerations associated with credit risk at a portfolio level, market risk, capital, liquidity funding and other financial risk considerations.
- Strong knowledge of financial risk management concepts and principles including the intersection with regulatory requirements.
- Strength in collaboration, cross functional relationship building and in leading teams and projects, with an ability to mentor and develop staff
- Exceptional analytical and problem-solving abilities, with a focus on data-driven decision-making.
- Experience working within risk management programs undergoing change and the ability to work in an environment with changing needs and priorities.
- Strong communication and interpersonal skills, with the ability to collaborate effectively across departments.
- Strong acumen in financial risk assessment tools and data analysis.
These additional skills are considered assets too:
- Experience in the assessment of operational risks.
- Experience in financial services, banking, or related industries is preferred.
If you feel you’re a great fit, let us know why!
We appreciate the interest of all applicants, however, only those candidates selected for an interview will be contacted. Applications may be sent to the attention of:
Suzanne Leonard
AVP, Human Resources - WFCU Credit Union
3000 Marentette Avenue, Windsor, Ontario N8X 4G2
[email protected]
WFCU Credit Union will accommodate the needs of candidates with disabilities through our recruitment process as we are made aware of these requests. The accommodation will be based on the individual needs of the job candidate.
Working at WFCU Credit Union
For the seventh consecutive year, WFCU Credit Union has been certified as a Great Place to Work®, as well as repeatedly been named one of the Best Workplaces in Canada™. Joining WFCU means you will be part of a team committed to providing members with a high level of service, while also supporting the communities we serve to be the best places to live and work.
As an employee of WFCU, you'll have the opportunity to work in a positive, goal-driven, and professional environment. Our award-winning HR philosophy to "hire the best, treat them well, and see them stay" is a point of pride and a key factor in our employees' success and WFCU’s success.
We seek the best and brightest professionals and provide them with ample opportunity for advancement. Our industry-leading compensation package includes comprehensive benefits and training programs, plus a fantastic wellness program with several distinctive perks. A few highlights include:
- An annual monetary benefit equivalent to a percentage of an employee’s salary intended to enhance physical and mental well-being. This can be used towards a vacation package, spa services, gaming equipment, and more!
- Discounts on WFCU’s financial products and services, including a $10,000 Line of Credit at 0% interest.
- A bank of up to 10 annual personal days, as well as 13+ paid holidays.
- A voluntary RRSP matching program at 6% of an employee’s annual salary.
Experience our Employee Advantage Program which demonstrates our unmatched commitment to opportunities for professional and self-development, employee wellness, competitive compensation, and a culture of celebration!
It's an exciting time to join our team. To find out more, apply today!
About WFCU Credit Union
WFCU Credit Union is a leading progressive financial institution headquartered in Windsor and Essex County since 1940. Proudly serving Ontario residents, community organizations, small businesses, commercial entities, and public institutions for over 84 years, WFCU is the sixth-largest credit union in Ontario, and the 20th largest credit union in Canada.
Together with its retail divisions, Rapport, ECU, and Health Care, WFCU operates 24 branches across Ontario from Thunder Bay to Kingston, Toronto to Windsor, and numerous smaller communities in between. WFCU’s 80,000+ members can bank anytime, anywhere through a variety of service channels, including online and mobile banking, live telephone banking, and ATM services.
Job Types: Full-time, Permanent
Pay: $110,000.00-$155,000.00 per year
Application question(s):
- Do you know anyone who works at WFCU Credit Union?
- What are your salary expectations?
Education:
- Bachelor's Degree (preferred)
Experience:
- Organizational Development: 10 years (preferred)
Work Location: In person
