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For Companies At a Glance
- Tasks: Lead the Credit Union's strategy and operations while ensuring compliance and promoting financial inclusion.
- Company: Join Carlisle and District Credit Union, a community-focused organization dedicated to financial health.
- Benefits: Enjoy a competitive salary of £40,000 and a full-time, permanent position with a Monday to Friday schedule.
- Why this job: Make a real impact in your community by championing financial inclusion and leading a diverse team.
- Qualifications: Proven leadership in financial services, strong knowledge of regulations, and excellent communication skills required.
- Other info: Must provide a DBS check before starting; application deadline is 09/02/2025.
The predicted salary is between 40000 - 56000 £ per year.
Chief Executive Officer (CEO)
Carlisle and District Credit Union Ltd
Job Description
37 Hours per week
£40,000 per annum
The CEO will lead the strategic and operational management of the Credit Union on behalf of the Board of Directors, ensuring compliance with all legal, regulatory and financial requirements. The role includes promoting financial inclusion, developing community relationships and maintaining the self-sustainability of the organisation.
Responsibilities:
- Proactively support the Board of Directors in the creation and delivery of its vision, strategy and business planning.
- Maintain a good working knowledge of the Financial Services Industry as it relates to the Credit Union movement, including the Prudential Regulation Authority (PRA), the Financial Services Authority (FCA) and the ACE Trade Body.
- Attend and participate in the monthly Board Meeting, delivering a written monthly progress report, identifying any areas of importance or concern, including risk management.
- Take responsibility for implementing initiatives to strengthen and enhance credit union growth and sustainability.
- Prepare and support the functions of the Annual General Meeting (AGM).
- Represent the Credit Union at events and meetings in a professional manner.
- Oversee compliance with all financial and legal standards including the timely completion of returns to the PRA, FCA, Equifax and the external auditors.
- Prepare comprehensive reports for monthly board meetings, the AGM and any grant monitoring reporting required.
- Implement and monitor robust financial controls and risk management practices.
- Ensure the delivery of exceptional member services and operational efficiency.
- Drive innovation by adopting modern digital tools and technologies.
- Oversee IT and data security compliance, safeguarding member data.
- Ensure a regular board and staff review of all policies and procedures, amending and creating new policies as required.
- Act as the public face of the Credit Union, presenting a professional persona while being approachable and well-informed.
- Understand the communities served by the Credit Union and champion financial inclusion and community services to address economic disparities.
- Develop processes and practices that measure the social impact of the Credit Union.
- Lead and inspire a diverse team, fostering a culture of excellence and inclusion, including regular staff supervisions and appraisals.
- Oversee recruitment, training and development initiatives to build organisational capacity.
- Ensure all staff are trained to meet regulatory and service delivery standards, including safeguarding requirements for staff and members.
Qualifications:
- Proven leadership experience within financial services or community-focused organisations.
- Strong knowledge of PRA/FCA regulations and governance standards.
- Demonstrated ability to drive strategic initiatives and foster innovation.
- Excellent communication skills, including written skills, such as report writing.
- Excellent people management skills.
- Ability to analyse data and present it in a meaningful way.
The CEO must demonstrate a commitment to the ethos of the Credit Union, always putting members first, prioritising financial inclusion and the long-term sustainability of the organisation. This role requires a forward-thinking leader with vision, who can drive the credit union forward and is passionate about improving the financial health and well-being of the local community.
The successful applicant will be required to provide a DBS before taking up the post.
Job Types: Full-time, Permanent
Pay: £40,000.00 per year
Schedule:
- Monday to Friday
Work Location: In person
Application deadline: 09/02/2025
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Chief Executive Officer employer: Carlisle & District Credit Union Ltd
Contact Detail:
Carlisle & District Credit Union Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Executive Officer
✨Tip Number 1
Familiarize yourself with the latest trends and regulations in the financial services industry, especially those related to credit unions. This knowledge will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the credit union sector and attend relevant events or seminars. Building relationships with industry peers can provide valuable insights and potentially lead to recommendations.
✨Tip Number 3
Prepare to discuss your vision for the Credit Union and how you plan to promote financial inclusion within the community. Having a clear strategy will show the Board of Directors that you are proactive and forward-thinking.
✨Tip Number 4
Highlight your leadership experience and ability to inspire teams during discussions. Share specific examples of how you've successfully managed diverse teams and driven strategic initiatives in previous roles.
We think you need these skills to ace Chief Executive Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the CEO position. Tailor your application to highlight your relevant experience in financial services and community-focused organizations.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your vision for the Credit Union and how your leadership experience aligns with their goals. Emphasize your commitment to financial inclusion and community service.
Highlight Relevant Experience: In your CV, focus on your proven leadership experience, particularly in financial services or similar sectors. Include specific examples of strategic initiatives you've driven and any relevant regulatory knowledge you possess.
Prepare for Reporting Skills: Since the role involves preparing comprehensive reports for board meetings and the AGM, be ready to showcase your report writing skills. Provide examples of reports you've created in previous roles that demonstrate your ability to analyze data and present it effectively.
How to prepare for a job interview at Carlisle & District Credit Union Ltd
✨Showcase Your Leadership Experience
Be prepared to discuss your previous leadership roles in financial services or community-focused organizations. Highlight specific examples where you successfully drove strategic initiatives and fostered innovation.
✨Demonstrate Knowledge of Regulations
Familiarize yourself with the PRA and FCA regulations, as well as governance standards relevant to credit unions. Be ready to discuss how you have ensured compliance in past roles and how you would approach this in the CEO position.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex topics like financial reports or risk management practices.
✨Emphasize Community Engagement
Since the role involves championing financial inclusion and community services, prepare to share your understanding of the communities served by the Credit Union. Discuss any previous initiatives you've led that aimed at addressing economic disparities.
