Chief Financial And Risk Officer

Employment Type:
Full-time
Job FunctionIn support of the Mission and Vision of Motor City Community Credit Union, the Chief Financial and Risk Officer (CFRO) is responsible for leading and managing the financial stewardship of the organization to ensure fiscal responsibility and maintain financial readiness. The CFRO is also responsible for the oversight of Motor City Community Credit Union’s Enterprise Risk Management regime and will be the contact person to the Board of Directors as it relates to risk.
Major Duties and Responsibilities:
Provide leadership, direction and financial/risk expertise to the organization, with responsibility for corporate finance structure, financial reporting, forecasting and business planning, risk management, setting financial policies and establishing financial targets to effectively measure success
Direct the overall forecasting, planning & analysis, accounting, budgeting, financial reporting and the overall evaluation of the business
Ensure timely and accurate financial and compliance reports for management and the Board of Directors, external auditors and regulators
Accountable for Enterprise Risk Management (ERM) practice, ensuring all programs are in compliance including capital risk management, structural risk management, market risk management and liquidity risk management
Collaborate with the senior leadership team and Board of Directors in establishing key risk indicators, tolerance levels and monitoring trends
Oversee the compliance function including anti-money laundering and all Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements
Responsible for the compliance governance function including all support for the Board, Committees and individual directors
Serve as key point of contact for the Financial Services Regulatory Authority (FSRA) relationship manager including responding to all requests
Act as the point person between the Credit Union and the Board of Directors as it relates to risk,
Develop the long-term financial forecast plan that aligns with the Credit Union’s strategic and business plans
Oversee the finance and compliance departments and provide strategic leadership and mentorship to the team
Perform other duties as assigned
Qualifications:
Bachelor’s Degree in Business or Equivalent
Accounting Designation (CPA)
10-15 years’ experience in a Financial Services environment (Credit Union experience an asset)
4-5 years of Senior Management experience
Anti-money laundering/Anti-terrorist financing experience an asset
Enterprise Risk Management facilitation considered an asset
Must be bondable
Strong knowledge of IFRS reporting standards
Strong knowledge of Credit Union and Caisse Populaires Act, 2020
Development and/or maintenance of administrative and financial policies and procedures
Senior level oversight of AML/ATF regime
Proven ability to work closely with a Board of Directors and Regulators
Strong attention to detail and analytical skills
Experience in strategic planning and execution
Strong leadership, interpersonal, communication and relationship building skills
Proficient in time management, written and verbal communication skills
Excellent organizational and planning skills
Ability to perform under pressure and work independently
Ability to prioritize tasks and meet deadlines as required
Computer proficient in Microsoft Office such as Word and Excel
Experience working in a unionized work environment an asset
Motor City Community Credit Union endeavours to accommodate the needs of candidates under the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act [AODA] throughout all stages of the recruitment and selection process. If contacted for an interview, please advise if you requireaccommodation.
Motor City Community Credit Union is committed to equity of employment. As an equal opportunity employer, we would like to thank all applicants for their interest, however, only those candidates selected for an interview will be contacted.
In accordance with applicable employment legislation, Motor City Community Credit Union confirms that it does not use artificial intelligence or automated screening tools as part of its recruitment or candidate assessment processes. All candidate applications are reviewed and assessed by members of our hiring team.
In accordance with applicable job posting transparency requirements, this posting is for an existing vacancy at Motor City Community Credit Union.
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