Director, Financial Reporting

About the Credit Union Deposit Guarantee Corporation

cudgc.ab.ca

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:

• We act with integrity. We consistently and responsibly carry out our duties in a trustworthy, fair, and ethical manner.
• We are curious. We ask questions and continually look for opportunities to innovate while managing risks.
• We empower. We set clear expectations and empower others to do their best work.
• We are collaborative. We embrace collaboration by respecting, encouraging and valuing diverse opinions and perspectives.
• We are accountable. We take responsibility for our actions and hold ourselves accountable for delivering business results.
• We care. We care for the psychological safety, health and well-being of one another.

The Opportunity

As the Corporation’s next Director, Financial Reporting, you will lead the corporation’s accounting and financial reporting processes for the Credit Union Deposit Guarantee Corporation (CUDGC). Your deep expertise in International Financial Reporting Standards (IFRS) and strengths in communication and time management skills will be crucial in preparing and issuing accurate financial statements.  As a key member of our management team, you will leverage your systems thinking and subject matter expertise to co-create solutions and deliver strategic outcomes. This role entails managing the deposit guarantee fund efficiently and effectively by:

• Developing and maintaining financial policies and programs, ensuring compliance with Alberta Treasury Board and Finance directives and alignment with Canadian Audit Standards (CAS). 
• Designing and implementing robust controls over financial reporting to mitigate the risk of fraud and error.
• Leading the preparation of monthly financial statements, ensuring adherence to IFRS.
• Coordinating the annual financial statement audit, ensuring accurate and timely preparation of supporting working papers.
• Writing reports for an Executive and/or Board audience and presenting financial results and analysis to cost centre owners.
• Overseeing the preparation of public financial disclosures required under the Government of Alberta Fiscal Planning and Transparency Act and other directives.
• Providing leadership in payroll and payment processes.
• Preparing and/or reviewing corporate tax filings, including the corporate tax return, T4s, and T5s.
• Managing third-party relationships to mitigate financial and operational risks.
• Actively participating in communities of practice with other financial services regulatory bodies.
• Collaborating with stakeholders to pursue common goals and achieve consensus.
• Contributing to a strong organizational culture through leadership and performance.

The Person

Qualifications & Education Requirements

• A designated Canadian CPA who has demonstrated experience in the application of IFRS.
• Experience in working at a Government Business Enterprise or similar public sector body is a strong asset.
• A successful track record of leading small teams and being a hands-on leader.
• Demonstrated experience working with Executives and other oversight bodies, supporting well-informed decision-making.
• Proficiency in oral and written communication, with excellent interpersonal skills to present complex topics to diverse audiences.
• Commitment to continuous improvement of financial processes through technology and automation.
• Exceptional analytical and problem-solving skills, with the ability to interpret complex information and make informed policy and process recommendations.
• Strong collaboration, negotiation, and decision-making skills.
• A comprehensive understanding of the Canadian financial sector, including regulatory authorities, financial markets, financial institutions, policy, and legislation, along with an awareness of national and international economic trends.
• Knowledge of the unique Alberta economy and a desire to serve Albertans.

For a copy of the in-depth job description, please visit: Opportunity Profile