Manager, Regulation - Edmonton, Canada - Credit Union Deposit Guarantee Corporation

Credit Union Deposit Guarantee Corporation

Verified Company

Edmonton, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

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, Regulation & Risk Assessment.
The Manager, Regulation & Risk Assessment (MRRA) 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 MRRA 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 MRRA takes into consideration potential economic and/or environmental
concerns that could impact not only the credit union but also the credit union system. The MRRA 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 riskbased 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 inperson

- 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.).

Page
1 of
2
**Manager, Regulation & Risk Assessment

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 and/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, problemsolving, 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

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.
- 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

Page
2 of **2