Number of Applicants
:000+
About the Credit Union Deposit Guarantee Corporation
Established in 1974 as the Credit Union Stabilization Corporation, we are a pillar of financial security for Albertans. We began with a simple goal – to insure 100% of Alberta’s credit union deposits. In 1976, we broadened our scope by including credit adjudication in our services.
The 1980s were challenging – marked by the Alberta real estate collapse in 1982 and a total Alberta Credit Union loss of $92 million in two years. These challenges sparked a restructuring of the credit union system, leading to the Government of Alberta providing financial backstops to the Credit Union Stabilization Corporation and appointing an independent Board of Directors.
In 1989, we adopted a new name – the Credit Union Deposit Guarantee Corporation. We have continued to innovate and modernize our regulatory practices, introducing standards of sound business practice in 1998, starting prudential regulation in 2008, and implementing stress testing in 2015.
In 2017, credit union legislation was modernized in Alberta, bringing us in line with global best practices. With every passing year, we remain committed to ensuring the financial well-being of Alberta’s credit unions.
Our Mandate
Our mandate is to provide risk-based regulatory oversight and a deposit guarantee to enable Alberta’s safe and sound credit union system.
Our Vision and Purpose
Our vision is an Alberta credit union system that is safe, sound, and competitive within the evolving global financial services environment.
Our purpose is to enable safety and soundness through providing financial institution regulation to jurisdictions within which we operate by being an employer of choice, taking an agile and collaborative approach, and leveraging technology.
Core Values
We are driven by six core values that define who we are and what we stand for:
The Opportunity
Reporting to the Vice President, Finance and Administration, the Corporation’s next Assistant Vice President, Governance, Operational Risk and Compliance (AVP), leads the execution of our fiscal management strategies, operational risk management framework, and compliance policies and programs. Your strong communication skills and proven ability to solve complex problems will enable your team to create value through process optimization and reporting enhancements. As a member of our management team, you will demonstrate systems thinking and subject matter expertise to co-create solutions and deliver strategic outcomes. This role is responsible for managing the deposit guarantee fund in a cost-effective and compliant manner by:
The Person
Qualifications & Education Requirements
The individual will have solid relevant academic preparation, preferably with graduate credentials. Additional designations such as a CFA, CPA, ICD.D, and CIA would be considered strong assets. The candidate will have extensive experience working in the field of governance, compliance, and operational risk within a regulated environment. They will have strong experience in policy and legislation interpretation to provide further guidance on business decisions that will mitigate risks and identify potential consequences.
They will have a track record of success working and leading small teams and be comfortable being a hands-on leader. The candidate will also have solid experience working with and providing information to Board’s and committees to support them in their roles, ensuring they are able to make well informed decisions.
The candidate will have a solid understanding of the Canadian financial sector, including regulatory authorities, financial markets, financial institutions, policy and legislation and a general understanding of national and international trends in the economy and in the financial services industry. The individual will have a strong understanding of the unique Alberta economy, and a desire to serve Albertans.
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