Bathurst, Blue Mountains & Central West NSWCompliance & Risk (Banking & Financial Services)Family First Bank (Family First) is a growing member-owned financial institution based in the Upper Blue Mountains and Central West Region of NSW.
With its roots in 'mutuality', Family First has provided 'caring local banking' for over 50 years to a varied membership.
Our Vision is to ethically and sustainably help our members achieve their family's financial goals.We pride ourselves on our loyal, knowledgeable and experienced staff, who make up Family First's culture that fosters teamwork, development, and work/life balance.The Head of Risk and Compliance is responsible for managing the overall risk and compliance function across Family First while ensuring risk and compliance is part of the culture.
This position is an integral position given that it is APRA-mandated through both risk and compliance and, essentially, through the role of the Chief Risk Officer (CRO).
This position also has touchpoints with the Board of Directors, the Executive Leadership Team (ELT), all staff, the internal and external auditors, and various regulatory agencies.Position ResponsibilitiesMaintain an appropriate and sound enterprise risk management framework to ensure that risk is minimised, mitigated, or encouraged, in line with the Risk Appetite Statement.
Coordinate and facilitate the annual risk appetite workshop.Provide guidance to the ELT and Board members on matters relating to legal and regulatory changes that impact risk management.Monitor for and raise new and changing risk exposures identified either within Family First or external to Family First.Collaborate with the relevant ELT members on maintaining, testing, and reporting on the ICAAP, the Recovery & Exit Plan, and the Financial Claims Scheme.
Assist with stress testing and scenario analysis to determine risk positions in relation to risk appetite.Provide advice and undertake regular reviews with risk owners to ensure that controls are documented and effective at managing risk.Compliance & Regulatory ManagementMaintain a sound compliance management framework that achieves compliance with all legal and statutory requirements.
Ensure internal controls are maintained and operate effectively to achieve compliance with relevant legislation, regulation, and industry codes.Maintain knowledge of regulatory and legal compliance requirements.
Ensure these requirements are appropriately covered in policies and procedures and operationalised in the business.Develop and maintain a compliance training program for all staff.
Oversee the employee induction process for risk and compliance.Manage and maintain the GRC system in use at Family First.Governance & LeadershipPrepare reports for and attend Board, Risk Committee, and Audit Committee meetings.
Action all assigned items on the Policy Review Schedule and the Governance Calendar.
Assist the Risk Committee and the Audit Committee with discharging their responsibilities.Liaise with both the internal auditor and external auditors to help facilitate the completion of their respective audits.Strategic ManagementParticipate in and attend the Strategy Workshops.
Collaborate with the CEO to develop and execute on strategic initiatives, ensuring alignment with Family First's vision and goals.Contribute to Board discussions, measure and monitor performance against strategy.Teamwork & CultureDemonstrate Family First's Values and always work as a team player.
Actively provide input, support promotions and strategies to achieve Family First's goals.Participate in Family First's community engagement initiatives.Work Health & SafetyEnsure that all WH&S requirements for Family First are met and that a safe working environment is maintained.Maintain WH&S policies to ensure obligations and responsibilities are met.Additional DutiesThis position is assigned the following roles: AML/CTF Compliance Officer, Complaints Officer, Privacy Officer, Whistleblower Protection Officer.This position is a member of the following Teams and Committees: Business Continuity Management Team, Information Security Incident Response Team, Assets & Liabilities Committee (ALCO), and Work Health & Safety (WH&S) Committee.Perform additional duties, from time to time, as requested by the Chief Executive Officer.Competencies, Qualifications & ExperienceEssential Experience/DesirablesHands-on experience in building and maturing a risk and compliance function, including experience in business continuity management, information security and cyber risk, and workplace health and safety management.Current knowledge of banking legislation, regulation, and industry codes, and an ability to manage regulatory change in a commercial and practical way.Experience with strategic planning and contributing to the implementation of strategic initiatives and continuous improvement.Capacity to work in a business partnering role while maintaining essential independence.Eligible to act as a Chief Risk Officer within the bounds of APRA's Prudential Standard CPS 220 Risk Management.Excellent written and verbal presentation skills with demonstrated experience in preparing and presenting clear and concise reports to the ELT and/or Board, and in writing and updating policies.Advanced analytical and problem-solving skills that demonstrate an ability to present solutions and negotiate with stakeholders across the business.Degree qualified in an appropriate discipline.
At least 7 years of experience in a risk, compliance or governance role.Membership of a relevant industry organisation.How to Apply:Please apply online via Seek or alternatively forward your Application, including a Cover Letter and Curriculum Vitae to ****** by the 15th of September 2024.If you require further information, please contact Scott Dargan on 0420 909 449.#J-18808-Ljbffr
