Credit Union Risk Advisory Service

CalQRisk Risk Advisory Service

CalQRisk's Risk Advisory Service supports Credit Unions in the development of comprehensive and effective risk management frameworks that contribute to the achievement of each Credit Union’s strategic goals. The service aims to assist risk functions to minimise their Credit Union’s risk exposure while meeting, or exceeding, regulatory expectations through embedding a strong risk management culture.

This service combines access to our experienced and knowledgeable team, along with guidance documents, webinars, e-zines, horizon-scanning newsletters, one-to-one advice and a dedicated resourcing website.

Subscribing credit unions receive ongoing phone and email support and guidance on risk management matters underpinned by relevant guidance documentation where appropriate. 

What's Included

Subscribing credit unions will receive on-going phone and email support and guidance on risk management matters. This ongoing phone and email support will complement the guidance documentation and regional working groups.

Advice by phone and email

The Risk Advisory Service from CalQRisk includes relevant risk management information, guidance on risk management processes, updates and briefing documents available on our subscriber-only website.

Template Documents

Risk Advisory Service subscribers can request a member of the CalQRisk team to attend one board/committee meeting a year.

Board/Risk Committee Training

Exclusive webinars will be hosted for Risk Advisory Service members and resources and video links will be hosted on our dedicated Risk Advisory Service website.

Subscriber Only Webinars

A dedicated website Risk Advisory Service Website is available to all subscribing credit unions. 

Subscriber Only Area of Website

As part of the subscription, regional user groups in both Northern Ireland and the Republic of Ireland are facilitated by experienced risk management practitioners. These user groups, supplemented by detailed guidance documents, will cover all steps in the risk management process for credit union.

Regional Training & Networking Opportunities

Key Objectives

of CalQRisk's Risk Advisory Service

Enhance the professional profile of RMOs as subject matter experts through one-to-one engagement with the Risk Advisory Service and/or group training which is important for key staff retention and development.

Assist RMOs to keep up to date on emerging risks e.g., operational resilience, ESG, cyber risk, credit risk etc.

Support development of comprehensive & effective risk management frameworks to meet regulatory expectations.

Develop the RMO's role in supporting the achievement of credit union strategic goals.

Increase risk function productivity through the development or enhancement of risk reports, risk assessments, policies and internal risk mitigation plans.

Advise on responding to risk mitigation programmes, audit reports or other external reviews.

Provide opportunities for RMOs to network, brainstorm emerging issues and learn from industry best practice.

Provide practical assistance in promoting a positive risk management culture throughout the credit union.

Contact us about our Risk Advisory Service Today

North Midland Credit Union

‟Sandie O’Leary, Head of the RAS, has great knowledge of the credit union sector. Her previous experience working as Risk Management Officer in credit unions has helped in her understanding of the service that we require as Risk Management Officers on the ground. I can pick up the phone at any time and Sandie will give me her full attention and support to steer me in the right direction.
The RAS meets in person where a wide range of topics are discussed. There are also online meetings where Sandie facilitates group discussions on specific topics. This is a good way to meet other Risk Management Officers and share ideas and thoughts, as we are effectively all facing the same challenges.
I would have no hesitation in recommending the CalQRisk Risk Advisory Service to any credit union who may be considering using this service.
‟

Sandra Walsh

Risk Management Officer

People First Credit Union

‟Before the Risk Advisory Service came into being, there was a severe shortage of valid and suitable advice that as an RMO you could tap into. The lack of advice and guidance out there has been solved with the CalQRisk RAS offering! Sandie is so helpful, knowledgeable and can steer you through what you thought might be unmanageable. Sandie has a vast amount of knowledge and experience in the credit union, and this is exactly what you get when you contact her.
CalQRisk’s RAS offering is what credit union RMOs were lacking. The void has been filled by Sandie and the documentation on the website. From template risk assessments, risk advice, guidance documents, newsletters and risk management framework supports – it’s all there and more. And if it’s not - Sandie will source it for you. Sandie has so much knowledge and it shows! I wouldn’t be without the RAS and in particular Sandie – it makes my job a lot easier with the supports that are available.
‟

Mariea Ryan

Risk Management Officer

Arklow Credit Union

‟The CalQRisk Risk Advisory Service has proved invaluable to me in my role as a Risk Management Officer. From assisting in the development of my Risk Register, helping identify the controls and scoring, assisting with risk assessment of our products and services, reviewing our RAS & tolerances – help is always at hand. There is never a problem with any support required. The Risk Advisory Team is super knowledgeable offering expert advice from a Credit Union expert who has hands on operational experience having worked previously in the Credit Union world. They are always quick to respond and will always make time to work through any risk queries / advice required. They are our trusted go to risk experts who never disappoint in the service they provide. ‟

Lisa Watson

Risk Management Officer

Lurgan Credit Union

‟CalQRisk Risk Advisory Service and Sandie in particular is really helpful and knowledgeable in all Risk areas. Nothing is too much trouble and I am confident that I can rely on Sandie for any Risk needs that might arise for Lurgan Credit Union Limited‟

Janette Lennon

Risk & Compliance Manager