Senior Manager, Financial Institutions Regulation

Job title: Senior Manager, Financial Institutions Regulation

Company: Government of Alberta

Job description: Job Information
Job Title: Senior Manager, Financial Institutions Regulation
Job Requisition ID: 65984
Ministry: Treasury Board & Finance
Location: Edmonton
Full or Part-Time: Full Time
Hours of Work: 36.25 hours per week
Permanent/Temporary: Permanent
Scope: Open Competition
Closing Date: February 10, 2025
Classification: Senior Manager, Zone 1
Salary: $3,548.95 – $4,842.27/bi-weekly ($92,627- $126,383/yearly)The Government of Alberta is committed to a diverse and inclusive public service that reflects the population we serve to best meet the needs of Albertans. Consider joining a team where diversity, inclusion and innovation are valued and supported. For more information on diversity and inclusion, please visit:The Financial Institutions, Regulation (FI Regs) team is charged with the regulation and prudential supervision of ATB Financial (ATB) and six special purpose trust companies incorporated in Alberta. These activities assess the safety and soundness of those institutions with a focus on safeguarding depositors, trust company customers, and other stakeholders from undue loss. The team also provides support to the Financial Institutions Policy team in their ongoing enhancement of financial institution legislation, support of the Financial Services Concierge and the related regulatory sandbox and other ministry initiatives.For further information about Treasury Board and Finance, see our website atRole ResponsibilitiesAre you passionate about financial regulation and have a talent for keeping big institutions in check-without breaking a sweat?We have an exciting opportunity for you to oversee the supervision of Alberta’s special purpose trust corporations (SPTCs) and ATB Financial, managing billions in assets while ensuring compliance with regulatory standards. If you’re ready to flex your risk management muscles and make an impact in Alberta’s financial sector, this role is for you.Reporting to the Deputy Superintendent, Financial Institutions, Regulation, you will be responsible for managing and conducting regulatory and prudential supervision activities for ATB Financial (ATB) and Alberta’s special purpose trust corporations (SPTCs). ATB is a provincially owned and regulated deposit taking institution (DTI) holding over $62 billion in assets on its balance sheet, and $30 billion of investor assets off-balance sheet.ATB is unique in being the only provincially owned and regulated DTI in Canada that provides traditional banking services to the public. While not a private sector bank, the FI Regulation team works towards holding ATB to a similar level of regulatory rigor and scrutiny that a bank of similar size and complexity would be held to by the federal Office of the Superintendent of Financial Institutions (OSFI). You will also play a role in the regulation and prudential supervision of Alberta’s newest SPTCs that provide digital asset custody services to institutional clients.As a Senior Manager, Financial Institutions Regulation, you will:

• Contribute to the planning, development, and implementation of the supervisory strategy for Alberta’s provincially regulated financial institutions (PRFIs).
• Evaluate and report on the soundness of Alberta PRFIs’ financial condition, including assessing key inherent risks, and the adequacy of risk management policies and practices, including senior management and board oversight.
• Ensure compliance by Alberta PRFIs with relevant provincial and federal laws and regulations.
• Lead and manage assigned resources that could include colleagues or contracted service providers, in the completion of assigned projects.
• Present written and verbal reports on assessments made and any significant issues identified, to stakeholders such as senior management and board members at Alberta PRFIs and more senior officials in in the department.
• Follow-up on any significant concerns identified, ensuring resolution within appropriate timelines.

On occasion, you will also:
– provide input to policy projects undertaken by the Financial Institutions Policy team,
– respond to enquiries from the public,
– support the Financial Services Concierge and the Financial Innovation Act’s regulatory sandbox, and
– provide support to initiatives undertaken by the department.Strong written and verbal communication skills, combined with sound judgment, financial acumen, and directly relevant experience in assessing, managing, auditing, or supervising risks within a financial institution or similar environment, will serve as a strong foundation for success in the role.Please click the to view a copy of the job description.APS CompetenciesCompetencies are behaviors that are essential to reach our goals in serving Albertans. We encourage you to take an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process.The links below will assist you with understanding competencies:
, andThe following competencies are essential for the position:

• Build Collaborative Environments – Establishes and maintains strong and constructive relationships within regulated entities, stakeholders, and external parties, such as other provincial regulatory agencies, Payments Canada, the Bank of Canada and occasionally Finance Canada.
• Develop Networks – Seeks and leverages internal and external relationships to ensure various perspectives and needs are reflected in approach to addressing complex regulatory issues.
• Systems Thinking – Considers the relevance of emerging financial system trends and integrate the impact into supervisory strategy and work plans.
• Creative Problem Solving – Works in open teams to share ideas, process issues, and develop solutions that are practical and reflect a principled base approach.
• Agility – Anticipates, assesses, and adapts while maintaining resilience when facing competing priorities and timelines. This includes managing project team members, which could include contracted service providers, to ensure that risk-based examination activities are carried out effectively.
• Drive for Results – Works to remove barriers to outcomes, sticking to principles. Addresses problems through direct dialogue with stakeholders to find workable solutions that align with government’s interests.

QualificationsA university degree in a related field such as Business, Finance, or a similar discipline, supplemented by a minimum of 6 years of progressively responsible experience, directly or indirectly related to risk management within the financial services industry, is required. Experience in regulating financial institutions, risk management and analysis, enterprise risk management, and governance is preferred.The following would be considered as assets:

• Experience with the Office of the Superintendent of Financial Institution (OSFI) or a similar provincial regulatory authority.
• Professional accounting designation (CPA)
• Chartered Financial Analyst designation (CFA)
• Risk Certification (FRM or PRM)
• Certified Internal Auditor designation (CIA)
• Certified Information Systems Auditor designation (CISA)
• Experience in the interpretation of related legislation and regulations, such as the Bank Act, Trust and Loan Corporations Acts, Credit Union Acts, Securities Acts, and Consumer Protection Acts.
• Management and supervisory experience leading a team, that may include colleagues or contracted resources.

Equivalencies may be considered:

• 1 year of education for 1 year of experience; or
• 1 year of experience for 1 year of education

Please submit a cover letter outlining your related experience to help us better understand how well your qualifications relate to this role.Minimum recruitment standards outline the minimum education and experience required for appointment to a job classification.
Refer to .NotesLocation: Terrace Building, Edmonton ABHours of Work: 36.25 Hours per week, Monday to Friday.This is a permanent full-time position.Final candidates for this position will be asked to undergo a security screening.This competition may be used to fill current and future vacancies at equal or lesser classification across the Government of Alberta.Links and information on what the GoA have to offer to prospective employees:

• Advantages of working with the Alberta Public Service –
• Alberta Public Service benefits –
• Management Employees Pension Plan (MEPP) –
• Professional learning and development –
• Positive workplace culture and work-life balance, including hybrid work arrangements such as working from home up to two days per week, subject to the requirements of assigned projects.
• Leadership and mentorship programs

Any costs associated with obtaining the required documents/checks as noted or interview travel expenses, will be the responsibility of the candidate. Out-of-province applicants can obtain the required documents/checks from the province they currently reside in.Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements, including education, experience and relevant examples of required competencies developed in the context of the financial services industry.In your resume, please include dates (including months and years) associated with all education and work experience. Please also indicate whether your work experience was part-time or full-time.For example: January 15, 2006 – June 25, 2009: Executive Director of Job Title (Full time)Job application resources, including tips –How To Apply
Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements, including education, experience, and relevant examples of required competencies.Candidates are required to apply for a job online. Please visit for more information. Please visit , for more information.It is recommended applicants who have completed post-secondary studies from outside of Canada obtain an evaluation of their credentials from the International Qualifications Assessment Service (IQAS)( ) or from a recognized Canadian Credential Evaluator; please visit the Alliance of Credential Evaluation Services of Canada for more information ( ).It is recommended that applicants include the assessment certificate from IQAS or any other educational assessment service as part of their application.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. All applications will be reviewed to determine which candidates’ qualifications most closely match the advertised requirements. Only individuals selected for interviews will be contacted.If you require any further information on this job posting or require an accommodation during the recruitment process, please contact Shannon Rowe at .

Expected salary:

Location: Edmonton, AB

Job date: Sat, 25 Jan 2025 00:17:05 GMT

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