Manager, Financial & Economic Analysis

The Credit Union Deposit Guarantee Corporation (the Corporation) is a small government business enterprise that guarantees deposits and provides risk-based regulatory oversight to enable a safe and sound credit union system in Alberta.

Our primary roles include :

• Providing a 100% guarantee of deposits held with Alberta credit unions
• Regulating credit unions and enforcing the Credit Union Act
• Revising, advising, and directing credit unions on sound business practices
• Monitoring credit union performance and implementing appropriate actions to improve performance and reduce risks
• Establishing individual credit union loan approval limits and providing an appropriate adjudication process for loans that exceed these limits

THE POSITION

The Manager, Financial & Economic Analysis (MFEA) , reports to the Assistant Vice-President, Planning, Analytics, & Regulatory Practices, and is primarily responsible for analyzing the economic landscape provincially, nationally, and globally, for comparison to the performance and risks of the credit union system in Alberta.

In addition, the MFEA responsibilities include a range of activities such as data analysis, researching and interpreting trends, and communicating economic and financial information by way of written reports or presentations to mainly internal audiences.

Also, the MFEA is required to develop / assist, maintain, and rollout end users’ analytical models and tools as part of the Corporation’s business intelligence (BI) toolkit.

This is an excellent opportunity to pursue a career in financial services regulation and be a part of the credit union system.

Responsible for the macroeconomic research, risk analysis, and reporting of economic and financial information to develop and publish reports that highlight information pertaining to Alberta’s credit union (CU) system financial performance and risk.

The reports consider interpretation of how factors such as the business environment, economic trends, monetary policy, trends in the financial services industry, and geopolitical risks may impact the credit union system and are intended for the Corporation’s Board of Directors, President & CEO, Executives and other employees, and Alberta Treasury Board and Finance.

• Analyze the financial performance of and conduct a risk analysis of the Alberta credit union system.
• Chair the Inherent Risk Roundtable meeting.
• Provide support and information for the Corporation’s business and strategic planning process as well as the Enterprise Risk Management (ERM) assessment.
• Create and develop the Asset Liability Management (ALM) and Credit Stress Testing models and related documentation and analyze the conclusions of the updated ALM and Credit Stress Testing models for use in collaboration with and to share findings and fulfill the duties of the Regulation & Risk Assessment team.
• Research and develop new tools and measures to monitor and identify risk, including providing concept and design inputs of the Corporation’s key business intelligence application Credit Union Business Intelligence (CUBI).
• Subject matter expert for Power BI by providing guidance on report creation and staff development.

THE PERSON

• Bachelor’s degree in businesses administration, finance, or economics and a minimum of 5 years direct related experience.
• Financial institution experience.

Working knowledge of credit unions and the cooperative business model is an asset.

Working knowledge of relevant financial reporting standards is an asset.

Working knowledge of Basel and OSFI liquidity and capital measurements and standards is an asset.

• Ability to recognize patterns in data and apply knowledge of economics to credit union risks and articulate the same in reports.
• Expert level skill in business intelligence tools (e.g. Power BI) and ability to create advanced financial models.
• Expert level skill in MS Office Suite (Microsoft Word, Excel, and PowerPoint).

Working knowledge in SharePoint is an asset.

Strong communication (e.g. verbal, active listening, technical writing), presentation, problem-solving, and critical thinking skills.

COMPENSATION / OTHER BENEFITS

• Commensurate with qualifications and experience
• Comprehensive benefits program and professional development opportunities
• Commitment to work / life balance
• Excellent downtown Edmonton office (hybrid work)

CLOSING DATE : until filled

We will provide reasonable accommodation at any time throughout the hiring process for applicants with disabilities or for those needing job postings in an alternate format.

We are an equal opportunity employer committed to an inclusive and accessible recruitment and selection process.

If you are interested in applying for this position, we invite you to send us your résumé and cover letter in strict confidence.

We thank all applicants for their interest as only those selected for an interview will be contacted.