Are 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. Bonus: no superhero cape required, but strong judgment and communication skills are a must!
Reporting to the Senior Manager, Financial Institutions, Regulation, you will primarily be responsible for managing and conducting regulatory and prudential supervision activities for Alberta’s special purpose trust corporations (SPTCs) and ATB Financial (ATB), which is a provincially regulated deposit taking institution (DTI) holding over $70 billion in assets on its balance sheet, and over $40 billion in investor assets off-balance sheet.
ATB is unique in being the only provincially owned and regulated DTI in Canada. 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.
Day-to-day prudential supervision activities include planning, developing and implementing the supervisory strategy for ATB and Alberta loan and trust corporations; analyzing their respective financial condition, risk profile and risk management practices; reviewing and maintaining related documentation and assessments; drafting written reports on work done and any issues reported on; making presentations to stakeholders, including senior management and senior department officials; and following-up on issues reported on.
This position is also responsible on occasion for:
(i) providing input to policy projects undertaken by the Financial Institutions Policy team,
(ii) responding to enquiries from the public,
(iii) supporting the Financial Services Concierge and entities operating under the Financial Innovation Act’s regulatory sandbox, and
(iv) providing support to initiatives undertaken by the department.
Strong written and verbal communication skills, combined with sound judgment and relevant experience, will ensure success in this role. The department will also consider providing relocation assistance to a successful candidate with significant experience in assessing risks within the financial services industry sector.
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