Manager, Risk Management and Compliance

Manager, Risk Management and Compliance
Halifax, NS
Reference # HL-CUD-10233

The role of the Nova Scotia Credit Union Deposit Insurance Corporation (NSCUDIC) is to provide deposit insurance for credit unions and caisses populaires in Nova Scotia, Canada. Working with Atlantic Central and the Nova Scotia Department of Finance, NSCUDIC provides the most comprehensive deposit insurance and stabilization programs of any financial institution in Nova Scotia. We are pleased to be partnered with them to bring an experienced Manager, Risk Management and Compliance to their Halifax, NS team. 

The Manager, Risk Management and Compliance (Manager) will keep abreast of all changes of the Nova Scotia Credit Union Act and Regulations which affect the administration of deposit insurance and stabilization activities for credit unions. Reporting to the CEO, the Manager will be responsible for leading the Internal Control and Governance Review Program for all 18 Nova Scotia Credit Unions. 

The key functions of this role are to:

• Act as primary contact and relationship manager for a group of credit unions and work with other Managers/Senior Analysts as required in risk managing the Nova Scotia Credit Union system.
• Identify and analyse problem areas in credit union operations to ensure credit unions develop and implement plans to address issues of non-compliance, loan risk exposure, operating risk exposure and financial performance which fall below minimum operating standards.
• Ensure the implementation of operational systems, procedures and standards aimed at improving the operational and financial performance of credit unions.
• Ensure action plans with clear time frames are developed and implemented and monitored regularly for effective progress in resolving credit union performance deficiencies and other issues. 
• Supervise the financial performance and operation of credit unions placed under supervision of NSCUDIC and to plan and initiate any corrective action that is considered necessary. 
• Communicate with Atlantic Central staff on a timely basis about activities undertaken by NSCUDIC.  

The key responsibilities in this role will be to:

• To conduct periodic reviews of Internal Control and Governance Reviews in assigned credit unions as well as working with system partners on Anti-Money Laundering risk management.  
• Follow-up trends identified by the monitoring system within a group of assigned credit unions or within an individual credit union. 
• Respond to identified issues of non-compliance and risk exposure for credit unions assigned to him/her. 
• Maintain a working relationship with the provincial government, Atlantic Central, NSCUDIC's Board of Directors and Management, and Credit Union Management. 
• Prepare reports on the status of credit unions as required.
• Maintain an efficient and timely monitoring system that effectively identifies and detects problems or deviations from standards. This includes monthly regulatory reports such as Overdraft Reports, Delinquency Reports, Allowance for Doubtful accounts, etc. 
• To carry out the duties of the supervisor, for those credit unions directly under NSCUDIC's supervision. 
• Provide emergency, short term, interim management in credit unions under supervision when required. 
• Attend Board meetings of credit unions on Intervention as required.
• Work with Directors and Management of Credit Unions, as required, to provide consultation on rehabilitation direction in order to improve financial performance. 
• Provide input and recommendations into the development of Policies, Standards of Sound Business Practices, Directives and Guidelines. 
• Conduct information seminars at Manager meetings, relating to interpretations of policies, procedures, guidelines and standards issued by CUDIC. 
• Review and forward to CEO/Manager//Superintendent/ Atlantic Central CEO Monthly/Quarterly Delinquency Reports. 
• Credit Union Loan Limits: Lead the review of assigned Credit Union Loan Limits.
• Understand and be available to explain the NSCUDIC deposit coverage to Credit Unions and inquiries from the public. 
• Operate as a portal for “best practices” of credit information acquired from the various credit unions and share that with the System. 
• Complete Quarterly Credit Union Reports provided to NSCUDIC Board.

The ideal candidate will possess:

• Post secondary degree with 10-15 years of related experience in risk management and compliance. 
• Progressively senior audit, risk management and compliance experience and a history of providing strategic oversight in complex and highly accountable environments.
• Demonstrated knowledge of regulatory compliance frameworks and risk management practices, with the ability to interpret legislation, regulations, standards, and guidelines and apply them in a practical business environment.
• Knowledge of enterprise risk management, anti-money laundering practices, and emerging regulatory trends within the financial services sector.
• Familiarity with credit union operations, financial institution supervision, or cooperative business models.
• Strong commercial and financial acumen, and a demonstrated ability to contribute to organizational growth, resilience, and long-term sustainability.
• Ability to build productive relationships with leadership teams, regulators, industry partners, and community stakeholders. 
• Collaborative approach, strong interpersonal skills, and the ability to navigate diverse viewpoints while helping organizations achieve their strategic objectives.

This is an amazing opportunity for a professional who has focused their career in risk management and compliance. NSCUDIC offers a hybrid working schedule. This isn’t an opportunity to be missed!