Managing Director, Finance & Operations

Established in 1974 as the Credit Union Stabilization Corporation, the Credit Union Deposit Guarantee Corporation (CUDGC) has helped protect the financial security of Alberta credit union members for more than 50 years. Originally created to insure 100% of deposits, CUDGC has continued to evolve alongside the sector, expanding into credit adjudication, prudential regulation, stress testing and modern regulatory oversight. Today, it operates as a trusted public agency under the authority of the Alberta Credit Union Act.

As a deposit guarantor, CUDGC guarantees 100% of eligible deposits held with Alberta credit unions. The Deposit Guarantee Fund forms part of a three-level protection system supported by credit union capital and, ultimately, the Government of Alberta. The Fund is financed by Alberta credit unions and invested in high-quality, liquid investments.

CUDGC also regulates Alberta’s credit unions and Alberta Central through a risk-based approach designed to support system safety and soundness and protect depositors. Its oversight framework draws on national and international best practices and includes standards, guidelines and ongoing assessment of capital, liquidity, solvency, governance, enterprise risk management, internal controls and compliance with the Alberta Credit Union Act.

For more information about CUDGC, please visit their website.

The Opportunity

Department:
Finance & Operations

Reports to:

Executive/C-Suite

Direct Reports:
Five Direct Reports

Location:

Edmonton, AB

Mandate
Reporting to an Executive, the Managing Director, Finance & Operations provides leadership across CUDGC’s financial, fund management, reporting, data and operational functions. The role is responsible for strong fiscal stewardship, regulatory compliance and internal controls while ensuring CUDGC has the financial information, systems and preparedness required to deliver on its public-interest mandate.

The Managing Director has an important role in the stewardship of the Deposit Guarantee Fund, including financial planning, liquidity, investment oversight, financial risk and preparedness for potential instability within the credit union system. They will provide informed advice to the Executive and Board while maintaining productive relationships with investment managers, auditors and other external partners.

This is both a strategic and highly hands-on leadership role. CUDGC requires a financial leader who understands how accounting systems work, how data moves through the organization and how controls operate in practice. The successful candidate must be prepared to move comfortably from Board-level reporting and investment discussions into systems implementation, detailed financial issues or operational problem-solving when circumstances require it.

Key Accountabilities
Financial Leadership, Reporting and Governance

Provide strategic financial advice to the Executive, Board and leadership team.

Lead financial planning, budgeting, forecasting and financial analysis.

Ensure timely and accurate financial statements and disclosures in accordance with IFRS, auditing standards and legislative requirements.

Maintain strong internal controls over financial reporting and effective financial governance.

Lead external audit processes and ensure timely completion of audit requirements.

Oversee tax compliance and other financial and legislative filing requirements.

Ensure financial reporting is clear, accurate and useful for Executive and Board decision-making.

Fund, Treasury and Investment Management

Oversee the adequacy, liquidity and long-term sustainability of the Deposit Guarantee Fund.

Lead financial modelling, scenario analysis and stress testing to assess Fund adequacy and financial risk.

Provide advice regarding…