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Manager, Risk & Regulation

Manager, Risk & Regulation

Credit Union Deposit Guarantee Corporation (Alberta)Edmonton, AB, Canada
3 days ago
Job type
  • Full-time
Job description

The Credit Union Deposit Guarantee Corporation is a not-for-profit public agency of the Government of Alberta 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

We invite qualified applicants to consider joining our team as a Manager, Risk & Regulation.

The Manager, Risk & Regulation (MRR) is the key day to day contact liaison between the Credit Union Deposit Guarantee Corporation (the “Corporation”) and assigned credit unions regarding regulatory oversight. The MRR is primarily responsible for risk-based monitoring of assigned credit unions in accordance with the Corporation’s regulatory oversight framework to promote the safety and soundness of credit unions and the Alberta credit union system. This involves assessing and monitoring the quality of a credit union’s governance and risk management practices for each of the credit union’s significant activities and monitoring the liquidity, capital, and earnings positions / requirements of each credit union. In so doing, the MRR takes into consideration potential economic and / or environmental concerns that could impact not only the credit union but also the credit union system. The MRR is responsible for ensuring assigned credit unions are complying with the Credit Union Act, Principal Regulations, Ministerial Regulations, Standards of Sound Business and Financial Practices, and directives and guidelines issued by the Corporation.

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

THE POSITION

  • Establish and maintain a working relationship with select senior management and board of directors of assigned credit unions and internal colleagues.
  • Consult on major emerging challenges and issues regarding regulatory oversight.
  • Manage and perform risk-based monitoring activities for early identification of risks and adherence to sound business practices and compliance with the Credit Union Act of assigned credit unions.
  • Lead or support credit union risk review projects (On-Site Verifications or OSVs) either in-person and / or virtually from start-to-finish within approved timelines and resource allocations.
  • Work with credit unions to ensure satisfactory resolution of issues and / or recommendations (e.g., safety and soundness, compliance, etc.).

    • THE PERSON

  • 3+ years of progressive financial institution experience in the understanding and analysis of standard risk assessment techniques to identify the impact of risks on financial institutions’ safety and soundness in one or more of the following areas : asset / liability management, credit, financial, capital, earnings, liquidity, governance, internal audit, market risk, and / or operational risk.
  • Bachelor’s degree or an equivalent combination of education and financial sector experience. Designation or graduate studies in finance or risk management (e.g., Chartered Professional Accountant (CPA), Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), etc.) are an asset.
  • Knowledge of applicable financial sector legislation is an asset.
  • Understanding of and / or experience with credit union systems is an asset.
  • IT governance / security / audit experience is an asset.
  • Strong communication (e.g. verbal, active listening, written), presentation, problem-solving, and critical thinking skills.
  • Strong technology skills utilizing MS Office Suite, MS Teams, SharePoint, and other technology enabling high quality hybrid meetings.

    • COMPENSATION & BENEFITS

  • Commensurate with qualifications and experience
  • Comprehensive benefits program
  • Commitment to work and life balance
  • Eligible to apply for Hybrid Work Program (2 days at home, 3 days in office)

    • CLOSING DATE : until filled

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

    SUBMIT RESUME TO :

    Credit Union Deposit Guarantee Corporation, Attention : Human Resources

    Email : [email protected]