Tour of physical facilities to understand security and safety parameters
17
Setup weekly check-in with Risk Management team supervisor
18
Approval: Risk Manager Onboarding Process Completion
Provide company orientation and guidelines presentation
This task involves providing a comprehensive orientation and guidelines presentation to the new Credit Union Risk Manager. The presentation aims to familiarize the manager with the company's culture, values, mission, and vision. It will also cover the guidelines and policies that the manager needs to adhere to during their tenure. The desired result is for the manager to have a clear understanding of the company's expectations and be able to align their work accordingly. The presentation will be interactive, engaging, and delivered in a friendly tone to ensure maximum comprehension. Potential challenges may include information overload or difficulty grasping certain concepts. To overcome these challenges, the presenter will use visual aids, storytelling, and encourage active participation from the manager. Required resources include a projector, presentation slides, handouts, and a meeting room.
Introduce to the Risk Management department team
In this task, the new Credit Union Risk Manager will be introduced to the Risk Management department team. The purpose of this introduction is to foster a sense of belonging and facilitate effective collaboration within the team. The manager will meet key team members, learn about their roles and responsibilities, and understand how they contribute to the overall risk management process. The desired result is for the manager to feel welcomed, establish rapport with team members, and have a clear understanding of each individual's role within the department. The introduction will be done in a friendly and inclusive manner, allowing the manager to ask questions and engage in conversations. Potential challenges may include initial shyness or difficulty remembering names. To address these challenges, team members will wear name tags and participate in icebreaker activities. Required resources include a meeting room and name tags.
Set up essential work tools (Email, project management software, risk management software)
This task involves setting up essential work tools for the new Credit Union Risk Manager. The manager will be provided with access to all necessary tools to perform their duties effectively. This includes setting up their email account, project management software, and risk management software. The desired result is for the manager to have all the tools they need to communicate, collaborate, and manage risks efficiently. Potential challenges may include technical difficulties or unfamiliarity with the software. To overcome these challenges, IT support will be readily available to assist the manager in the setup process. Required resources include computers, software licenses, and IT support.
Provide training on risk management software
In this task, the new Credit Union Risk Manager will receive comprehensive training on the risk management software used by the company. The training will cover the functionalities, features, and best practices of the software. The goal is to equip the manager with the knowledge and skills to effectively utilize the software for risk assessment, mitigation, and monitoring. The desired result is for the manager to be proficient in using the risk management software to streamline processes and make informed decisions. The training session will be interactive, with hands-on exercises and opportunities for the manager to ask questions. Potential challenges may include a steep learning curve or difficulty grasping certain features. To address these challenges, the trainer will provide step-by-step instructions, use real-life examples, and offer ongoing support. Required resources include a training room, computers with the software installed, and training materials.
Hand out company policies and procedures manual
In this task, the new Credit Union Risk Manager will be provided with a company policies and procedures manual. The manual contains all the necessary information about the company's risk management policies, procedures, and guidelines. The manager will be expected to read and understand the manual thoroughly. The desired result is for the manager to have a comprehensive knowledge of the company's policies and procedures to ensure compliance and risk mitigation. The manual will be handed out in a friendly and organized manner, with clear instructions on how to access additional resources if needed. Potential challenges may include information overload or difficulty navigating the manual. To overcome these challenges, the manager will be encouraged to take notes, ask questions, and seek clarification when necessary. Required resources include printed copies of the manual or access to a digital version.
Training on identifying Credit Union specific risks
This task involves providing training to the new Credit Union Risk Manager on identifying Credit Union specific risks. The training will focus on the unique risks associated with Credit Union operations, such as credit risk, liquidity risk, and interest rate risk. The manager will learn how to identify, assess, and prioritize these risks within the context of the Credit Union's overall risk management framework. The desired result is for the manager to have a clear understanding of the specific risks that the Credit Union faces and the potential impact they may have on the organization. The training session will be interactive, with case studies and group discussions to facilitate learning. Potential challenges may include complex concepts or difficulty relating the training to real-life scenarios. To address these challenges, the trainer will use visual aids, practical examples, and encourage active participation. Required resources include a training room, training materials, and case studies.
Understand risk management framework and processes
This task involves ensuring that the new Credit Union Risk Manager understands the risk management framework and processes in place within the organization. The manager will learn about the various steps involved in the risk management process, including risk identification, assessment, mitigation, monitoring, and reporting. The goal is for the manager to have a solid understanding of how risks are managed within the organization and the role they will play in this process. The session will be informative and engaging, with opportunities for the manager to ask questions and seek clarification. Potential challenges may include information overload or difficulty grasping certain concepts. To overcome these challenges, the trainer will provide clear explanations, use analogies, and offer additional resources for further self-study. Required resources include a training room, training materials, and visual aids.
Provide training on developing and implementing risk strategies
This task involves providing training to the new Credit Union Risk Manager on developing and implementing risk strategies. The manager will learn about various risk management strategies, including risk avoidance, risk transfer, risk mitigation, and risk acceptance. The training will include practical examples and case studies to illustrate how these strategies can be applied within the Credit Union context. The desired result is for the manager to be able to develop and implement effective risk strategies to protect the Credit Union and achieve its strategic objectives. The training session will be interactive, with group discussions and exercises to encourage critical thinking. Potential challenges may include difficulty applying the strategies to real-life scenarios or understanding trade-offs. To address these challenges, the trainer will provide guidance, facilitate discussions, and encourage the manager to share their insights. Required resources include a training room, training materials, and case studies.
Approval: Training Tasks
Will be submitted for approval:
Provide training on risk management software
Will be submitted
Training on identifying Credit Union specific risks
Will be submitted
Understand risk management framework and processes
Will be submitted
Provide training on developing and implementing risk strategies
Will be submitted
Debrief on current ongoing risk management projects
This task involves conducting a debrief session with the new Credit Union Risk Manager on the current ongoing risk management projects within the organization. The manager will be briefed on the status, objectives, and key stakeholders of each project. They will also receive an overview of the project management processes and tools used for effective project execution. The desired result is for the manager to have a clear understanding of the ongoing projects, their progress, and potential risks associated with them. The debrief session will be interactive, allowing the manager to ask questions, provide input, and identify any areas where additional support or resources may be needed. Potential challenges may include information overload or difficulty connecting the projects to the overall risk management process. To overcome these challenges, the presenter will use visual aids, provide clear explanations, and encourage active participation. Required resources include a meeting room, project status reports, and project management tools.
Familiarize with potential security threats and vulnerabilities
In this task, the new Credit Union Risk Manager will familiarize themselves with potential security threats and vulnerabilities that the Credit Union may face. The manager will learn about common security risks such as data breaches, cyber-attacks, physical security breaches, and social engineering attacks. The goal is for the manager to be able to identify and assess these threats and vulnerabilities, and develop appropriate strategies to mitigate them. The familiarization session will be informative and interactive, with real-life examples and case studies to illustrate the potential risks. Potential challenges may include the complexity of cybersecurity concepts or difficulty relating them to the Credit Union context. To address these challenges, the trainer will provide clear explanations, use practical examples, and offer ongoing support. Required resources include a training room, training materials, and case studies.
Undertake compliance and regulatory training
This task involves providing compliance and regulatory training to the new Credit Union Risk Manager. The manager will learn about the legal and regulatory requirements that the Credit Union must adhere to, including anti-money laundering regulations, consumer protection laws, and privacy regulations. The training will cover the obligations and responsibilities of the Credit Union in ensuring compliance with these regulations. The desired result is for the manager to have a comprehensive understanding of the compliance and regulatory landscape and their role in maintaining compliance. The training session will be informative and interactive, with case studies and group discussions to facilitate learning. Potential challenges may include complex regulations or difficulty relating them to the Credit Union operations. To address these challenges, the trainer will provide clear explanations, use practical examples, and offer ongoing support. Required resources include a training room, training materials, and case studies.
Meet with various department heads to understand the specific risk parameters
In this task, the new Credit Union Risk Manager will meet with various department heads to understand the specific risk parameters associated with each department. The manager will have one-on-one meetings with department heads to discuss their operations, key risks, risk mitigation strategies, and risk appetite. The goal is for the manager to gain insights into the unique risks faced by each department and to establish effective communication channels for ongoing risk management collaboration. The meetings will be conducted in a friendly and collaborative atmosphere, with open-ended questions to encourage meaningful discussions. Potential challenges may include time constraints or difficulty aligning departmental risks with overall Credit Union risks. To address these challenges, the manager will be encouraged to prioritize key risks and seek input from other team members. Required resources include meeting rooms and schedules for coordinating the meetings.
Provide training on reporting systems and procedures
In this task, the new Credit Union Risk Manager will receive training on the reporting systems and procedures used for risk management within the organization. The manager will learn how to generate and analyze reports, track risk indicators, and communicate risk-related information to stakeholders. The goal is for the manager to be able to effectively report on key risk metrics and provide meaningful insights to support decision-making. The training session will be hands-on, with practical exercises and real-life scenarios to facilitate learning. Potential challenges may include technical difficulties or understanding the reporting requirements. To address these challenges, the trainer will provide step-by-step instructions, offer ongoing support, and provide clear guidelines. Required resources include a training room, computers with the reporting systems installed, and training materials.
This task involves ensuring that the new Credit Union Risk Manager understands the Credit Union's risk appetite statement. The manager will learn about the organization's tolerance for risk and its strategic objectives. They will understand how risk appetite is defined and how it influences decision-making and risk management practices. The desired result is for the manager to have a clear understanding of the risk appetite statement and its implications for their role in managing risks. The session will be informative and interactive, allowing the manager to ask questions and seek clarification. Potential challenges may include difficulty understanding the link between risk appetite and operational decisions. To address these challenges, the presenter will provide real-life examples, facilitate discussions, and offer practical guidance. Required resources include a meeting room, risk appetite statement, and visual aids.
Tour of physical facilities to understand security and safety parameters
This task involves organizing a tour of the Credit Union's physical facilities for the new Risk Manager. The manager will have the opportunity to visit different departments and locations to understand the security and safety parameters in place. They will learn about access control systems, emergency response protocols, and physical security measures. The goal is for the manager to gain insights into the physical risks and vulnerabilities that the Credit Union faces and how they are addressed. The tour will be conducted in a friendly and informative manner, allowing the manager to ask questions and seek clarification. Potential challenges may include time constraints or difficulty understanding the relevance of specific security measures. To address these challenges, the tour guide will provide clear explanations, use practical examples, and offer additional resources for further self-study. Required resources include a tour guide, access to different facilities, and documentation of security measures.
Setup weekly check-in with Risk Management team supervisor
In this task, the new Credit Union Risk Manager will set up a weekly check-in with their supervisor from the Risk Management team. The purpose of this check-in is to ensure ongoing support, guidance, and alignment with the team's goals and objectives. The manager will discuss their progress, challenges, and any additional resources or support needed. The desired result is for the manager to have a strong support system in place and for their supervisor to stay updated on their work and provide necessary feedback. The check-in will be conducted in a friendly and collaborative manner, allowing the manager to openly discuss their experiences and seek guidance. Potential challenges may include conflicting schedules or difficulty addressing specific concerns. To address these challenges, alternative communication channels may be used, such as email or video conferencing. Required resources include a meeting schedule and communication tools.
Approval: Risk Manager Onboarding Process Completion
Will be submitted for approval:
Provide company orientation and guidelines presentation
Will be submitted
Introduce to the Risk Management department team
Will be submitted
Set up essential work tools (Email, project management software, risk management software)
Will be submitted
Hand out company policies and procedures manual
Will be submitted
Setup weekly check-in with Risk Management team supervisor
