Deputy Superintendent, Financial Institutions Regulation in Edmonton

The Alberta Public Service works to build a stronger province for current and future generations. We make a difference in the lives of Albertans through rewarding and diverse career opportunities.

The Financial Institutions Regulation branch is responsible for the regulation of provincially regulated financial institutions, including ATB Financial (ATB) and several special purpose trust companies (SPTCs); and forms a part of the Financial Sector Regulation and Policy division (FSRP), under the leadership of the Executive Director, Financial Institutions and Markets Policy and Regulation (Executive Director), and the Alberta Superintendent of Financial Institutions (Superintendent).

In practice, the job involves assessing the safety and soundness of Alberta provincially regulated financial institutions (PRFIs), providing feedback as appropriate to each entity on the management of its key risks, and supporting the ongoing development of good governance and risk management practices. Much of the work is conducted on a project basis, as assigned by the Deputy Superintendent to the Financial Institutions Regulation Branch.

Role Responsibilities:

• Providing leadership and direction to the Financial Institutions Regulation Branch, including the Senior Managers and Managers.
• Overseeing compliance with the regulatory frameworks for ATB Financial and loan and trust companies under the Loan and Trust Corporations Act.
• Contributing to the development of a risk-based plan for the branch, including annual updates to the branch operations plan, and related progress reporting on assigned projects.
• Applying a risk-based approach to supervising assigned entities, including periodic updates to their risk profile and composite risk.
• Ensuring that assigned entities maintain an adequate capital management program, appropriate to the nature, size, and complexity of their operations.
• Monitoring the performance and business activities of assigned entities to identify any adverse trends and the potential need for adjusting branch work plans.
• Conducting on or off-site reviews of assigned entities in accordance with the annual branch operations plan.
• Contributing to the development and update of related provincial legislation or financial institution policy matters.

Competencies are behaviours that are essential to reach our goals in serving Albertans. The following competencies are essential for the position:

• Build Collaborative Environment – Involves key stakeholders in the diagnosis of problems and in developing solutions to effectively transfer knowledge inside and outside the APS.
• Develop Networks – Identifies people that have significant potential for contribution and finds ways to make personal connections.
• Systems Thinking – Considers and plans for how current policies, processes and methods might be affected in the short, medium, and long-term by broader trends.
• Creative Problem Solving – Identifies several analytical techniques and sources of knowledge to break apart complex problems.

Qualifications:

• Bachelor’s degree in a related field (such as business or economics) and a minimum of 10 years of progressively responsible experience in a risk management or financial services regulatory role.
• In-depth knowledge of the ATB Financial Act, Credit Union Act, Loan and Trust Corporations Act (LTCA) legislation, or similar legislation at the provincial or federal level regarding financial services providers.
• Expertise in understanding the regulatory environments for financial institutions in Canada and Alberta.
• Demonstrated ability to communicate effectively and collaborate strategically with a variety of stakeholders.
• Good organizational skills, including the ability to manage a number of initiatives simultaneously.
• Experience with business process reviews, internal controls testing and IT general controls.

This is a Permanent full-time position working 36.25 hours per week, Monday to Friday (In-office). Location is in the Terrace Building, 9515 107 Street NW, in downtown Edmonton.

What the Government of Alberta has to offer: Positive workplace culture and work-life balance.

Closing Statement: This competition may be used to fill future vacancies, across the Government of Alberta, at the same or lower classification level. We thank all applicants for their interest.