Job Description
Our client Newmarket Credit Union has a vacancy for a CEO. The ideal candidate will be an experienced manager in a financial environment which will allow them to quickly take ownership of the exciting challenges this post will bring. The key requirements of the role will include strategic planning, business development, promoting loan book growth, strong leadership skills and experience. A minimum Level 8 Third level qualification in a relevant area is essential. A minimum of two years experience in a similar role or environment would also be desirable. See Full Job Description Below: JOB DESCRIPTION NEWMARKET CREDIT UNION JOB TITLE:CEO CREDIT UNION: Newmarket Credit Union REPORTING TO:Board of Directors The CEO will be the Chief Executive Officer of Newmarket Credit Union. This person carries the responsibility for the day-to-day management and running of the credit unions operations. The CEO shall be responsible to the Board of Directors for the performance of these functions in line with all statutory and legislative requirements. Subject to all regulatory requirements, any matters which the Credit Union may prescribe and other financial services legislation, the respective functions of, and the division of responsibilities between, the Board of Directors and the CEO of the credit union shall be clearly established. This document sets out a detailed job description, setting out the role, functions and key performance indicators for the post of the CEO. All other specific limits of authority applying to the CEO role, e.g., in lending etc, are set out in the relevant policy documents. Role Summary The statutory functions of the CEO Officer include: Preparing and proposing to the Board of Directors for debate, scrutiny and approval, proposals for the strategic plan that the Board of Directors are required to prepare and approve; Implementing the strategic plan agreed by the Board of Directors to the standards set out in the strategic plan or as otherwise required by the Board of Directors; Appointing or causing to be appointed such and so many persons as employees or as voluntary assistants as the CEO considers appropriate after consulting with the board and management team of the credit union; Proposing to the board a person or persons to be the credit officer(s), working under the supervision of the credit committee and the credit control officer(s), working under the supervision of the credit control committee; Signing (approving) the annual audited accounts along with one member of the Board Oversight Committee acting on behalf of that committee and one director acting on behalf of the Board of Directors; Implementing the proper systems of internal controls which the Board of Directors have approved; Ensuring the credit union is accomplishing its objectives by bringing a systematic disciplined approach to the evaluation and improvement of the effectiveness of risk management, control and governance processes; Ensures compliance with legislative and regulatory requirements; contributes to the efficient administration of the credit unions affairs; Ensuring that all cash is deposited and all transactions are carried out in accordance with the instructions of the Board of Directors; Such other matters as may be duly assigned to the CEO by the Board of Directors; In appointing the CEO Officer of the credit union, the board must ensure that this person complies with all legal and statutory requirements to be appointed, to the satisfaction of the Central Bank of Ireland; Takes responsibility for internal control, including maintenance and enhancement of policies, procedures, standards and controls and adherence to regulatory requirements; Prepares and conducts an annual test of the credit unions business continuity, operations contingency and disaster recovery plans; reports on test outcomes including recommendations for improvement; implements improvements once approved by the board; Oversight and development of loan book; Other duties will include: Keeps informed about the Credit Unions objectives and policies and about own role and contribution to meeting these; Contributes to the overall development of the credit union; Promotes Credit Union philosophy at all times with members; Participates in and assists with scheduled member events such as the Annual General Meeting and scheduled promotional and sponsorship events such as Credit Union Day; Takes responsibility along with all staff for training new staff members, voluntary workers and board members, thus ensuring they become familiar with all aspects of credit union activities; Works at all times in a courteous, friendly and professional manner, preserving confidentiality and adhering strictly to all set policies and procedures of the credit union; Leads by good example and ensure best practice at all times regarding employee relations; Further Duties and Responsibilities Operations: Ensures sufficient staffing levels to maintain excellent member service while implementing efficiencies where suitable; Acquire knowledge of the necessary administrative tasks relating to Repayment Protection Insurance (RPI); Monitor the progress of the staff member assigned to these duties to ensure satisfactory completion of same; Oversee the processing of Death Claims; Carry out administrative duties in relation to insurance, including renewal notices to members where appropriate and returns on schedule to the relevant Insurance Companies; Assist with the development and updating of policies.Support management in the implementation of board policies and directives; Approve purchase of stationery supplies to ensure prudent but adequate levels of stationary stock; Maintain a detailed fixed asset register which includes IT assets; To attend training programmes and workshops as required by the credit union; To be aware of and comply with all Health & Safety regulations as directed by the credit union; To attend and contribute to meetings of such committees as may be directed by the credit union; To undertake such other reasonable and lawful duties as may be directed from time to time by the credit union; Conducts research on behalf of the board; contributes to the development of strategic, business and operational plans, annual budgets and projections; Monitors the credit unions positioning in relation to innovation in service delivery channels and other areas; makes recommendations and prepares detailed proposals for application of relevant innovations; Proposes operational improvements as necessary and assists the design and application of these; Provides input and involvement as required in addressing ongoing IT developments and issues and provides input to the roll out of new IT systems or aspects thereof; Attends board and committee meetings and reports on aspects of the credit union operation, including its financial status, where required; Accepts and resolves queries from colleagues or members as required, obtaining support/assistance from colleagues in the management team when necessary; Ensures absolute security in all dealings with transactions, cash, safes, cheque books, loan and member documentation, securities and related matters; Acts as a key-holder, including out-of-hours key-holder responsibilities; Conducts appraisals and agrees specific training and development plans for individual staff reports; Assists with the research, risk assessment, development and roll-out of new products and services; Assists the board and management to maintain the Credit Unions Risk Management Framework; Supports the creation and maintenance of a set of policies, structures, systems, processes and routines that ensure the identification, analysis and appropriate mitigation of all major risks to the credit union on an ongoing basis; Assists with maintaining the credit unions formal documented Risk Register; Ensures the implementation and effectiveness of a suitable IT system and background support system to meet requirements; Lending: Full responsibility and oversight of the lending function; Carry out analysis of market competition; Identify training requirements on team and follow up; Development of Lending strategy; Identify targeted lending opportunities; Overview of process and procedures within lending function; Ensure efficient member service and quick turnaround on applications; Management Information Reports: Ensure the running of all month and year end programs and where appropriate presentation of subsequently produced reports to management; Retention of records falling within the areas of responsibility in compliance with current legislation; Compliance responsibilities: In carrying out their duties on behalf of the credit union the CEO must maintain a thorough knowledge of and comply with the Rules of Credit Union, the Credit Union Acts 1997 to 2012, all Regulatory Guidance Notes, Requirements and Circular Letters, the Consumer Credit Directive and all other relevant legislation and regulation. The CEO must ensure they participate and work with all outsourced functions of the credit union and review, support and provide assistance to any such service providers. Main performance measures: Successful outcome to future PRISM evaluations; Quality of operational and internal control decisions made; Quality of service delivery to members; member feedback; Effective Management of loan book; Contribution to development of staff; staff feedback; Resolution of problems; Quality of advice and training delivered to colleagues and volunteers; Quality of reports, advice and support provided to the board and its committees, and colleagues on the management team; Consistency of implementation of credit union policies and procedures; Teamwork and contribution to the smooth and efficient running of the credit union overall; The above list of duties is not exhaustive and is subject to change based on business requirements. Failure to adhere to the above may result in disciplinary action, up to and including dismissal in line with the Credit Union Policy. The aim of this job specification is to give guidelines on the role. The responsibilities may change in line with the needs of the business. The successful applicant will be advised by the Board of Directors. Skills: Strategic Planning Budget Planning Strategic development Operational Planning Change Leadership Business Planning Benefits: Pension