Harp & Crown Credit Union Job Description – Chief Executive Officer

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JOBTITLE: CHIEFEXECUTIVEOFFICER(P/T)

RESPONSIBLEFOR; ALLSTAFF

REPORTSTO(TITLE):

BOARDOFDIRECTORS

SALARYBAND: AttractiveRemunerationPackage

JOBPURPOSE

ThepurposeoftheChiefExecutiveOfficerfortheHarp&CrownCreditUnionistoberesponsible

fortheStrategicandoperationaldeliveryofallaspectsofthecreditunion’sbusiness.Theroleis

responsibleforsupervisingthefinancialandaccountingsystemsandfordevelopingandgrowing

thebusinessandensuringcompliancewithallaspectsofregulationandlegalresponsibilities.

TheChiefExecutiveOfficerhasday-to-dayresponsibilityforallfinancialmattersincludingstrategy

development,governance,investmentsandmanagementonbehalfoftheHarp&CrownCredit

Union.WorkingwiththeBoardofDirectors,theChiefExecutiveOfficerisresponsiblefor

compliancewithallfinancial,accounting,auditingandinformationobligationsandrelatedduties.

Inaddition,theChiefExecutiveOfficerhasoversightofandisultimatelyaccountableforcontracting

andprocurementandthemonitoringofnon-financialperformance.

CONTEXTANDSCOPE

TheroleoftheChiefExecutiveOfficerisahighlyimportantroleintheHarp&CrownCreditUnion

Ltd.Thescopeoftheroleistoleadandmanageacomprehensiveandefficientfinancial

organisationensuringthatthereareeffectivesystemsofbudgetary/financialcontroland

forecastinginplacewhichproviderobustperformanceinformationandmitigatesrisk.AstheSenior

Manager,theChiefExecutiveOfficer’sroleisthechiefspokespersononfinancialmatters.Thepost

holderalsoprovidesleadershiptotheorganisation,takingaroleinbrandawarenessandexternal

communications.

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KEYRESPONSIBILITIES

FINANCIALMANAGEMENT

1. ProvideseffectivefinancialandbusinessleadershiptotheBoardensuringthattheHarp&

CrownCreditUnionmeetsits’objectives.

2. Producesfinancialstatementsforauditandpublicationinaccordancewithstatutory

requirementstodemonstrateeffectivestewardshipofmemberresources.

3. Leads,developsandimplementsthefinancialstrategyfortheHarp&CrownCreditUnion.

4. Ensureseffectivesystemsareinplacetomanageallbudgetstotheagreedlevelsandto

identifyandtakestepstomitigateanyrisk.

5. EnsuresthereisaneffectiveperformancemanagementframeworkinplacewithintheCredit

Uniontomonitor,predictandmanageriskstofinancialandnon-financialperformance.

6. Deliversrobustfinancialandassetmanagement.

7. Setsandmonitorsbudgetsmaximiseincomeandensurevalueformoney.

8. Takesleadininvestmentmanagement,advisingFinancialGovernanceGroupandBoard(and

its’Committees)onallinvestmentmatters.

9. Implementingpropersystemsofrecordkeeping,accounting,compliance,riskmanagement,

andinternalcontrolinaccordancewithlawandsuchpoliciesasareapprovedbytheBoard.

10. Ensuresfullcompliancewithdesignatedgovernancepolicyregardingliquidity

11. EnsuresfullcompliancewithallHMRCrequirements.

WORKINGWITHTHEBOARDOFDIRECTORSANDITSCOMMITTEES

1. WorkseffectivelyandcollaborativelywiththeBoardofDirectors(andits’Committees)

providingsupporttoallowtheBoardtocarryoutits’dutiesinlinewithbestpractice

governanceandfinancialtransparency.

2. InconjunctionwiththeBoard(andrelevantCommittees,whereappropriate)developsand

deliversthestrategyanddirectionoftheorganisation,ensuringmechanismsareinplaceto

monitor,reviewandmeasurefinancialobjectives,assetsandliabilities.

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3. ProvidesfinancialadviceandguidancetotheBoard(andits’Committees)onpotentialnew

activitiesandopportunities.

4. KeepstheBoard(andits’Committees)fullyinformedonthefinancialconditionoftheHarp

&CrownCreditUnionandonalltheimportantfactorsinfluencingit.

5. WorkscloselywiththeComplianceOfficerCreditcommitteesandoversightofOffice

ManagerandSupervisorycommitteetoensureappropriateriskmanagement.

6. ToproducereportsasrequestedbytheBoardofDirectors

LEADERSHIP

1. Givescleardirectionandstatesexpectationsclearlyprovidingstaffwithconfidenceand

motivation.

2. Motivatesandleadsallaspectsoffinancialmanagementwithconfidence,energyand

enthusiasm.

3. TakesanactiveroleinthestrategicrepresentationandpromotionoftheHarp&Crown

CreditUnion’sinterestsinits’dealingwithotherlocalandnationalagenciesandthepublic.

4. TodevelopandinitiateanymarketingplansasagreedwiththeBoardofDirectors

PLANNING

1. AssistsinthedevelopmentandgrowthofallactivitiesoftheHarp&CrownCreditUnion,

overseeingday-to-dayfinancialmanagementandensuringoperationaldeliverymeets

targetsandiscompletedwithinbudgets.

2. LeadsonstrategicfinancialplanninganddeliveryoftheBusinessPlanandallotherfinancial

plansthrougheffectiveprojectmanagement.

3. DevelopsanddeliversthefinancialstrategyanddirectionoftheHarp&CrownCredit

Union.

4. Providesfinancialdata/inputintoallaspectsoftheannualcorporateandbusinessplans,

settingandmonitoringstandardsinconjunctionwithothermanagementasappropriate.

5. Ensureseffectiveinternalcontrolsandmanagementinformationsystemsareinplace.

6. Ensuresadequateresourcesareputinplacetocarryoutthefunctionseffectively.

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SERVICEDELIVERY

1. Providesriskmanagementservicesforallnewproductsandensureseffective

implementation.

2. Ensuresadequatefinancialandrisksupportmechanismsareinplacefordeliveryofany

newproductsorservices

3. Ensuresservicedeliverymeetswithallrelevantcompliancematters.

PRODUCTDEVELOPMENT

1. Ensureslegalandfinancialcompliancewithregulatorybodiesensuresallproductsmeet

regulatoryrequirementsandminimisesorganisationalriskfactors.

STAFFMANAGEMENT

1. TakesanactiveroleintheSeniorManagementTeamandprovideLeadershipand

developmenttotheworkforce.

2. Takesanactiveroleinstaffmanagement,performanceanddevelopment.

3. Assistsinthecreationofacultureofchangeandenthusiasm.

4. Ensuresswiftactiontodealwithstaffcomplaintsorbreachesofdisciplinethatmaybe

apparentordisclosedbytheStaff.

GOVERNANCEANDREGULATION

1. Overseesrobustauditandgovernancearrangementsleadingtoproprietyintheuseofall

Harp&CrownCreditUnionandmemberresources.

2. Ensurescomprehensiveannualplansareinplace,whichprovidethehigheststandardsof

assurance.

3. Ensuresthatstructures,processesandinformationsystemsareinplacetoenabletheHarp

&CrownCreditUniontodischargeits’responsibilitieseffectively.

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4. Managesrelationshipswithinternalandexternalauditfunctionsandplaysaleadrolein

liaisonwithanyregulatorybodies.

5. Ensuresgoodgovernanceremainscentralatalltimes.

6. Leadsoneffectiveriskmanagementandensurescompliancewithriskmitigation.

7. Compliancewithallrelevantlaw,regulation,goodpractice&policy.

COMMUNICATION

1. ProvidesstrongcommunicationchannelstotheBoard(andits’Committees).

2. SubmittingtotheBoardmonthlyfinancialandotherreportsastheBoardmayrequirein

ordertoaccuratelyinformtheBoardofthestateoftheCreditUnion’sbusinessandits

progresstowardachievingthegoalssetbytheBoardintheStrategicPlanorotherwise.

3. Createsandmaintainsstrongandeffectivecommunicationwithbroadrangeofexternal

stakeholders,auditors,regulators,otherCreditUnionsandmembers.

4. ResponsibleforallcommunicationswiththeAthleticAssociationinrelationtoallmatters

concerningtheH&CTenancyofofficesatNewforgeSportsComplex.

IT

1. TakesresponsibilityforallITmatters&DataProtectionrequirementsandprovides

supervision/directiontoITstaff/suppliers

OTHER

1. TakesanactiveroleinleadingtheHarp&CrownCreditUniontocontinuousperformance

improvementtoimproveservicedeliverytomembers.

2. Overseesrobustprocurementandcontractmanagement,ensuringthatadequatesystemsand

processesareinplace.

3. Delegatesresponsibilitiesappropriatelyandempowerspeopletomakedecisions,holdingthem

toaccountfordelivery.

4. Identifiesandremovesanyblockagestoorganisationalperformance,managingtheworkforce

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andresourcestodelivermaximumvalueformoney.

5. Recognisesandhighlightsgoodpracticeyetconfronts(whenappropriate)andaddresses

underperformanceinaconstructivemanner.

6. Inreftono5,maintainscontactwithUKandIrelandcreditunionsforcontinuousimprovement

purposes

7. AnyotherrelevantdutiesthatmaybedirectedbytheBoard.

RELEVANTFACTSABOUTTHEPOST

DirectReports

• OfficeManager

• ComplianceOfficer

AcertainamountofworldwideandUKtravelmayberequired.

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JobSpecification

KNOWLEDGE,SKILLSANDEXPERIENCEREQUIREDFORSATISFACTORYPERFORMANCEINTHEJOB

ESSENTIAL DESIRABLE

EXPERIENCE 1. Seniorfinancial

managementlevel

experience

2. Atleast5yearsexperience

inleadinganddeveloping

anorganisation

3. Trackrecordinleadingthe

developmentofbudgets

andplans

4. Experienceofcreating

effectivestrategic

partnerships

5. Experienceofservice

deliverywithafocuson

continuousimprovement

6. Experienceofdeliveryata

Strategiclevel

1. Experienceofworking

in/witharegulatory

financial

environment/creditunion

2. Experienceofbroader

mutualfinancialprovision

3. Familiarityofthewider

creditunionsector

4. ExperienceofManaging

staff

KNOWLEDGEAND

UNDERSTANDING

1. Significantknowledgeof

creditunionissues,

legislation,regulationand

financialoperation

2. Financiallyliteratewith

theabilitytocritically

review,challengeand

effectivelyutilisefinancial

1. Awarenessofperformance

standardsandregulationin

creditunionsector

2. Financialandservice

productdevelopment

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informationfordecision-

makingandexperienceof

communicatingcomplex

financialmattersin

laypersonslanguage.

3. Anunderstandingofthe

principlesofvaluefor

moneyandanabilityto

challengeperformanceon

thisbasis

4. Significantknowledgeof

financialplanning,

forecastingandstrategy

withabilitytoinfluence

andleadinternal

discussionsonfinancial

matters.

SKILLSANDABILITIES 1. Deliversonpromises,

demonstratingpersonal

commitment,energyand

drivetogetthingsdone.

2. Strategicthinkingand

planningability

3. Assimilatescomplex

informationquickly,

weighingupalternatives

andmakingsound,timely

decision

4. Gathersandconsidersall

relevantavailable

information,seekingout

1. Generalknowledgeofcredit

unionenvironmentorwider

financialservicesindustry

2. GoodITskills

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andlisteningtoadvice

fromspecialists.

5. Makesclear,

proportionateand

justifiabledecisionsandis

preparedtomakethe

ultimatedecision,evenin

timesofambiguityand

uncertainty.

6. Decisive

7. Commerciallyastute

8. Welldeveloped

communicationskills

(includinglistening,

written,influencingand

presentational)

9. Innovativeapproachto

problemsolving

10. Abilitytoengagewith

differentgroups,clarify

complexissuesand

generaterespect

11. Soundbusinessplanning

andanalyticalskills

12. Integrityandcredibility

EDUCATION/QUALIFICATIONS 1. Evidenceofcontinuing

professionaldevelopment

1. Managementorthirdlevel

qualificationinarelevant

discipline

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SPECIALCONDITIONS

1. CTCSecurityVettingifrequired

2. Availabilitytoattendeveningandweekendengagements/meetings

3. Resilienceandstaminatofulfilademandingandhighprofilerole

4. HoldafullcurrentUKdrivinglicence

COMMITMENTTO:

1. CreditUnionvalues

2. Commitmenttomutuality

3. Annualperformanceappraisal

4. Deliveryofqualityservicestomembers

5. Beinginclusiveandengaging

6. EnjoyingapositiveandproductiverelationshipwiththeBoardofDirectorsandits

Committees

7. Developingstrongrelationshipswithrelevantstakeholders

8. Aperformanceandqualityculture

9. Developingstaffcapacityandcapability