Chief Financial & Risk Officer

In 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 successDirect the overall forecasting, planning & analysis, accounting, budgeting, financial reporting and the overall evaluation of the businessEnsure timely and accurate financial and compliance reports for management and the Board of Directors, external auditors and regulatorsAccountable 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 managementCollaborate with the senior leadership team and Board of Directors in establishing key risk indicators, tolerance levels and monitoring trendsOversee the compliance function including anti-money laundering and all Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirementsResponsible for the compliance governance function including all support for the Board, Committees and individual directorsServe as key point of contact for the Financial Services Regulatory Authority (FSRA) relationship manager including responding to all requestsAct 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 plansOversee the finance and compliance departments and provide strategic leadership and mentorship to the teamPerform other duties as assignedQualifications:
Bachelor’s Degree in Business or EquivalentAccounting Designation (CPA)10-15 years’ experience in a Financial Services environment (Credit Union experience an asset)4-5 years of Senior Management experienceAnti-money laundering/Anti-terrorist financing experience an assetEnterprise Risk Management facilitation considered an assetMust be bondableStrong knowledge of IFRS reporting standardsStrong knowledge of the Credit Union and Caisse Populaires Act, 2020Development and/or maintenance of administrative and financial policies and proceduresSenior level oversight of AML/ATF regimeProven ability to work closely with a Board of Directors and RegulatorsStrong attention to detail and analytical skillsExperience in strategic planning and executionStrong leadership, interpersonal, communication and relationship building skillsProficient in time management, written and verbal communication skillsExcellent organizational and planning skillsAbility to perform under pressure and work independentlyAbility to prioritize tasks and meet deadlines as requiredComputer proficient in Microsoft Office such as Word and ExcelExperience working in a unionized work environment an assetMotor 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 require accommodation.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 UnionPay: $160,000.00-$190,000.00 per yearCompany eventsCompany pensionDental careDisability insuranceEmployee assistance programExtended health careLife insuranceOn-site parkingPaid time offRRSP matchDo you have your CPA or equivalent?Education:
Bachelor's Degree (preferred)Experience:
accounting and financial: 10 years (preferred)
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