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