Credit Union Careers 

Risk & Compliance Manager

Location: NL

Employer: Atlantic Edge Credit Union

Closing Date:

In 2023, the members of Atlantic Edge Credit Union, EasternEdge Credit Union and Hamilton Sound Credit Union voted in favour of merging to create one credit union that benefits all members, employees, and communities.

We’re a cooperative—a small point, but a big difference. With over 24,000 members and $500 million in assets, Atlantic Edge Credit Union empowers the people and communities we serve by providing financial services and advice built on honesty, fairness, and trust. Being a cooperative means our members are also our owners—which means what’s good for you, is good for us.

From everyday banking needs like chequing and savings accounts, investments, credit cards, mortgages, loans, and business banking, we offer all the products and services you expect from your financial institution.

Location: Hybrid working arrangement available in proximate location to any of the following branch communities: Port aux Basques, Codroy Valley, Jeffrey’s, St. George’s, Corner Brook, Deer Lake, Port Saunders, St. Anthony, L’Anse au Loup, Mary’s Harbour, Happy Valley-Goose Bay, Carmenville, Triton, Gander, Mount Pearl. Full remote may be considered however applicant must reside in Newfoundland and Labrador.

The Position

Are you ready to dive into the dynamic world of finance while making a splash in compliance excellence? Atlantic Edge Credit Union is seeking a proactive, detail-oriented leader to join our team as Manager, Risk and Compliance!

Reporting directly to the CFO, you’ll be the guardian of compliance, conducting comprehensive reviews of internal controls across departments, auditing procedures, and recommending enhancements to ensure we’re sailing smoothly within Atlantic Edge Credit Union’s auditing requirements. You’ll showcase your expert-level knowledge of compliance practices while donning your superhero cape as our AML Compliance Officer, aiding in the implementation of our AML/TF Policy and Procedures.

As our Manager of Risk and Compliance, you’ll be a beacon of leadership and organization, guiding our team to new heights of compliance excellence. You’ll maintain strong relationships with external vendors, partners, and stakeholders, ensuring smooth sailing for the entire organization.

Main Responsibilities & Focus

  • Develop, conduct, and support risk assessments for new accounts, loans, teller operations, and other operational areas to ensure compliance with Atlantic Edge Credit Union policies.
  • Administer, review findings, and provide training on compliance issues.
  • Prepare concise audit reports assessing internal controls and recommending improvements.
  • Propose policy and procedure changes to enhance member service and meet Credit Union goals in compliance with regulations.
  • Implement disaster recovery/business continuity program and procedures, including regular testing.
  • Enforce AML/TF Policy and Procedures, oversee compliance operations, report to the Board of Directors, and conduct risk assessments.
  • Liaise with regulatory bodies governing financial institutions.
  • Coordinate regular policy and procedure reviews by internal/external auditors and make necessary updates.
  • Ensure branch compliance with audit, security, and loss prevention standards.
  • Lead or participate in cross-departmental project initiatives.
  • Provide training on risk management and fraud prevention to staff.
  • Assist in developing and implementing operational procedures for new products or strategies.
  • Develop and deliver operational/compliance training programs for staff.
  • Contribute to annual capital and operating budget development, monitor department performance, and take corrective action as needed.

The Person

The Manager Risk and Compliance will have successfully completed a Bachelor’s degree with an emphasis in Business plus have six to nine years senior management experience in a financial institution; or equivalent combination of training and experience. A Canadian Risk Management (CRM) designation would be considered an asset.

The successful candidate will also have:

  • Clear and concise written communication abilities
  • Effective work planning and organizational management skills
  • Strategic thinking and implementation capabilities
  • Strong presentation skills for engaging and informative communication
  • Skilled in managing and motivating a diverse workforce
  • Expert-level knowledge of compliance practices – you’re the Jedi of regulatory requirements!
  • Understanding of financial principles and their application
  • Ability to facilitate productive discussions and collaboration among team members
  • Proficiency in financial accounting practices and principles
  • Capable of making sound decisions based on analysis and assessment
  • Demonstrates business acumen in strategic planning and execution
  • Experienced in budgeting and effectively managing expenses
  • Effective interpersonal abilities and proficient critical thinking skills
  • Proven ability to work collaboratively with different teams and stakeholders
  • Proficiency in audit techniques and procedures, risk analysis, and internal control evaluation
  • Established capability to work independently and manage multiple deadlines
  • Advanced computer proficiency, particularly in Microsoft Office Suite
  • High ethical and professional standards, dedicated to maintaining objectivity and confidentiality
  • Must have flexibility and capability to travel
  • Strong leadership skills that could steer a ship through stormy compliance waters.
  • Organizational prowess that rivals the most intricate of puzzle masters.
  • Proactive and innovative thinking that charts new courses to compliance success.
  • Detail-oriented focus that spots compliance issues from a mile away.

What’s in it for you?

  • An exceptional workplace culture, and an opportunity to join an engaged and community-driven team
    • Competitive compensation and benefit packages with performance-based incentives
    • Flexible work arrangements including Flex Time, Telework, and Hybrid depending on the role requirements
    • Generous benefit package including a flexible health and dental plan (minimum 60% employer paid), including life insurance, ADD, EAP, optional Critical Illness and Best Doctors
    • 8% contribution with employer matching in a Defined Contribution Pension Plan
    • $4800 Northern Allowance
  • Tuition reimbursement, training, and personal development opportunities
  • We encourage regular manager-employee performance feedback and goal alignment through our employee performance tracking program
  • Additional benefits, include but are not limited to paid volunteer, sick time and personal leave, reduced rates on employee loans/mortgages and no service fee banking
  • Living Wage Employer
  • Salary Range $81,500 – $95,900

Interested in applying?

Atlantic Edge Credit Union values diversity in the workplace and we are committed to the principle of Employment Equity.  We are an equal opportunities employer and encourage the recruitment and promotion of aboriginal peoples, persons with disabilities, visible minorities, and women, to ensure that they are equitably represented at all levels.

The successful candidate must be legally eligible to work in Canada, and where applicable have a valid work or study permit.

Please note that all offers of employment are conditional upon the acceptance of an Individual Bond Application which includes a criminal record check and a credit check.

To apply, please submit your resume to humanresources@aecu.ca.

Applications will be accepted until the position has been filled.

How To Apply

To apply, please submit your resume to humanresources@aecu.ca.