BOARD AND SUPERVISORY COMMITTEE ASSOCIATE

Company: Star One Credit Union
Location: Sunnyvale
Posted on: November 8, 2024

Job Description:

Position SummaryBoard and Supervisory Committee Associates work closely with the Board of Directors and Supervisory Committee to gain insight into the credit union's strategy, governance, financials and operations. Associates are paired with a mentor and collaborate with Board and Supervisory Committee Members.
Within this governing body, there are four distinct levels of responsibility: Board Member, Emeritus Board Member, Supervisory Committee Member and Board and Supervisory Committee Associate.
Star One's Board of Directors are responsible for the overall governance and strategic direction of the credit union. Board Members collaborate with management to ensure the credit union fulfills its mission, complies with legal and ethical standards, and sustains the institution's financial health. Emeritus Board Members provide advice and counsel to the Board of Directors.
The Board of Directors oversees the President/Chief Executive Officer (CEO) and the management of Star One. Directors are also responsible for CEO compensation, performance management, and succession planning.
The Supervisory Committee plays a key role in the oversight of the credit union's financial integrity, ensuring the accuracy and transparency of financial reports and audits. The Committee is responsible for overseeing audit processes and reporting to the Board of Directors on the effectiveness of internal controls.
Key Responsibilities Governance

• Participate in setting the credit union's strategic direction and long-term goals.
• Ensure the credit union complies with its bylaws and all relevant laws and regulations.
• Evaluate and approve policies that promote the credit union's mission and objectives.
• Advocate for Star One members and advance the credit union's mission and strategic objectives.
• Engage in continuous improvement of board governance practices.
  Financial Oversight
  • Review and approve annual budgets and financial statements.
  • Monitor the credit union's financial performance and ensure financial stability.
  • Ensure adequate resources for credit union operations and sustainability.
    Qualifications An experienced executive or emerging leader with expertise in one or more of the areas listed below, ideally within a non-profit, corporate or public sector environment.
    • Accounting or Finance.
    • Artificial Intelligence, Cybersecurity, Fintech or Information Systems.
    • Banking, Insurance or Financial Services (such as a brokerage, bank, or credit union).
    • Consumer Business.
    • Enterprise Risk Management or Legal.
    • Executive Compensation or Human Resources.
    • Social Media or Marketing.
    • Strong understanding of governance and fiduciary responsibilities.
    • Collaborative with excellent communication, interpersonal and critical thinking skills.
    • Ability to maintain confidentiality and act in the best interest of the membership.
    • Must be or become a Star One Credit Union member and be in good standing.
    • Reside in Star One's field of membership, which encompasses the following counties: Santa Clara County, San Benito County, Santa Cruz County, San Mateo County, Alameda County, Stanislaus County, Merced County, Monterey County and San Joaquin County.
      Term Commitment and Expectations
      • Board and Supervisory Committee Associates typically serve a one-year term and may be renewable for additional terms. Associates who are selected to be a Board or Supervisory Committee Member will serve a three-year term and may be renewable for additional terms.
      • Attends monthly Board of Director Meetings and Supervisory Committee Meetings every other month.
      • Also attends Strategic Planning Meetings (Spring and Fall) and Star One's Annual Meeting.
      • Expected to stay informed of industry regulations and trends by attending annual conferences and seminars, with expenses covered by Star One.
        CompensationThis is a volunteer position; however, travel and other expenses related to Board duties will be reimbursed as appropriate.

Keywords: Star One Credit Union, Oakland , BOARD AND SUPERVISORY COMMITTEE ASSOCIATE, Accounting, Auditing , Sunnyvale, California