Director of Credit – Northern Credit Union

Established in 1957 with 28 members as a closed-bond institution, Northern Credit Union has evolved into a full-service, locally operated financial institution offering personal and commercial banking and financial planning expertise to more than 70,000 member shareholders. Holding over $1.6B in assets under administration, Northern now serves over 30 communities in northern and north-eastern Ontario, and is committed to educating members in financial literacy, and providing tools to achieve their financial goals.

As the province’s 10th largest credit union, Northern has been making a series of significant, strategic investments over the past few years – by investing heavily in its operations, IT, people, culture, and brand, as well as establishing partnerships that have propelled it to be a key player in the financial services marketplace of Northern Ontario. It is within this exciting context that Northern is currently seeking its next Director of Credit.

Reporting to the Senior Vice President and CFO, the Director is an important member of Northern’s Management Team responsible for the overall operation of Credit Services including adjudication and recovery. The Director provides leadership and innovation in developing strategies to balance the organization’s credit risk with the needs of its members and the growth objectives of the organization. Collaborating with Northern’s Executive Team and various internal and external stakeholders, the Director leads, directs, and guides a skilled credit services and recovery team consisting of six individuals.

As an ideal candidate, you bring a minimum of 12 years of progressive experience in sales/service managing a diverse portfolio, preferably in a commercial banking environment. You have demonstrated expertise in analyzing financial statements and in all aspects of lending, market analysis and industry trends, and cash management. You have sound program, policy and project development experience combined with demonstrable knowledge of credit adjudication and recovery and a proven ability to balance innovation and risk. A leader with a minimum of five years of management experience, you are open, transparent, creative and solutions-oriented and deeply respected for your outstanding interpersonal skills and ability to steward a cohesive and high performing culture across a remote team. Any of the following professional designations would be considered an asset: CPA, IFIC, CSC, CFP.

To apply for this exciting credit union leadership position, please submit your application and related materials to Cameron Morrison at cmorrison@boyden.com and state the title of the position in the subject line of your e-mail.

We thank all applicants for their interest, however only those under consideration for the role will be contacted.

Vice President Finance & Risk

Become part of a dynamic and successful credit union located in the community of Summerland and nestled in the beautiful Okanagan Valley.

Under direction of the President & CEO, the Vice President of Finance and Risk manages and oversees financial forecasting activities, budgeting reporting and maintenance, fixed asset and depreciation schedules, tax reporting/filing, accounting, general ledger management, asset/liability management, liquidity, investment management/treasury functions, foreign exchange, financial statement preparation, regulatory filings, statistical reports, stress testing, enterprise risk management and provincial regulatory and legislative compliance activities for the credit union.

The VP of Finance and Risk actively participates in the development of corporate strategies and provides strategic leadership and advice on all financial, enterprise risk, and audit matters, directly supervises staff and provides system administration support for operations.

MAJOR RESPONSIBILITIES:

  • Provide overall direction, control and planning for finance, accounting, tax, audit, budget, asset liability management and treasury/investment functions of the credit union.
  • Maintains the Credit Union’s financial records; prepares financial and statistical reports for the Credit Union; prepares and files reports with regulatory bodies; prepares the Credit Union budget in accordance with guidelines from the President & CEO and Board of Directors.
  • Regularly reviews the effectiveness of the accounting and cash management systems and recommends improvements to maintain integrity.
  • Analyzes business, economic, financial conditions and their impact on credit union’s operations; makes recommendations to enhance performance or to mitigate losses including developing and running hypothetical stress tests.
  • Leads the risk management function in the development, reporting and maintenance of corporate strategies and policies.
  • Provides overall direction, control and planning for the enterprise risk management framework. Ensure practices align with policies and procedures and recommend changes to further improve efficiencies and risk.  Follow up on any compliance deficiencies.
  • Manages borrowings, credit limits and securitizations.
  • Manages key relationships with BCFSA and ensures compliance to legislation, regulation and suitable guidelines based on the size and complexity of the credit union.
  • Directly supervises staff by monitoring activities to ensure productivity, efficiency and ensure administrative tasks are completed on schedule. Responsibility includes; hiring, directing job assignments, monitoring performance, coaching, counselling, training, compliance with regulatory requirements and organizational mission, vision and values, policies and work rules.  Review performance and provide recommendations for compensation, promotion and termination, as appropriate.
  • Participates as an active member of the management team by:
    • attending regular management meetings to exchange information on department activities, discuss short- and long-term goals, identify and resolve operational issues and problems using a collaborative approach;
    • attending planning sessions and setting overall goals, objectives and strategies for future growth and development;
    • acting as an advisor to management team in all issues relating to accounting and security,
    • Leads the ALCO discussion at the management meeting
  • Displays knowledge of services offered by the Credit Union; considers and evaluates new services in relation to their financial impact on the Credit Union. Considers, evaluates, recommends and implement improvements where applicable.
  • As Security Officer, ensures the adherence of security procedures with respect to cash holdings by ensuring that cash handling procedures are in accordance with established risk management procedures. Ensures that cash counts are conducted and staff are audited with respect to following security procedures.  Adheres to security procedures as they pertain to the position.
  • Oversees the preparation of financial reporting of subsidiaries.
  • Maintain fixed asset records and the accompanying depreciation schedules.
  • Conducts financial reporting in compliance with International Financial Reporting Standards.
  • Acts as a voting member of the Management Credit Committee.
  • Represents the credit union at external functions.

The above reflects the general details to describe the principal functions of the job and shall not be construed as a detailed description of all the work requirements that may be inherent in this job.

QUALIFICATIONS:

 EDUCATION and EXPERIENCE

  • Bachelor’s Degree or Professional Accounting Designation
  • Four to six years job related experience

OR   EQUIVALENT EDUCATION and/or WORK EXPERIENCE

 POSITION COMPETENCIES;

  •  Advanced understanding of International Reporting Standards, audit and financial reporting controls
  • Advanced understanding of Enterprise Risk Management and risk management principles
  • Advanced computer skills
  • Strong governance skills and business acumen
  • Strong leadership and communication skills and possesses a high “EQ”.
  • Working knowledge of Security requirements and procedures

Interested applicants should submit their resume and cover letter to sdcu@sdcu.com.

General Manager

Columbia Valley Credit Union (CVCU) is a member owned financial institution in Golden, BC, serving members since 1955. With over $180 million in assets, we serve our 4,500 members according to our guiding principles:

  • Serving members is the primary purpose of our existence.
  • We provide exceptional, customized service.
  • We act with integrity and sincerity.
  • We never stop learning.
  • We continuously innovate.

With the upcoming retirement of our current GM, the Board of Directors is seeking a strong leader who shares our values and commitment to our members and community.

This opportunity is located in Golden, B.C. Golden is a great place to balance work and lifestyle, with incredible scenery, abundant recreational activities, and a true sense of community, combined with a well diversified local economy. The town also offers all the services you need, medical and dental services, four public schools and a College of the Rockies campus, a youth centre, library, art gallery, and over a hundred non-profit groups delivering services and sports opportunities. You can find more information about what adventures Golden has to offer at: https://imaginekootenay.com/community/golden-bc/.

CVCU is one of 6 credit unions in the Kootenay Region exploring the potential to amalgamate to create benefits for our members, our employees, and our communities (see information at https://www.exploringstrengthandunity.ca/). We are looking for a permanent GM who sees opportunity in both potential outcomes of this process: leading CVCU into the future if the amalgamation doesn’t proceed, or joining a new $2.5 billion asset credit union in a non-CEO/GM leadership capacity if the merger is successful.

The Opportunity:
As the General Manager (GM), you will collaborate, partner and lead through some complex times ahead, instilling confidence in the team, the board, and with members.

Your top priorities over the first 12 – 18 months in this role will be:

  • Building up the capacity of the CVCU team; with additional retirements pending and new leaders in place, it will be critical to ensure strong succession planning, mitigate knowledge loss, and build a dynamic team culture to fully engage staff at all levels;
  • Engaging in the amalgamation process, working collaboratively with the other credit union leaders while bringing critical thinking to ensure members’ needs are best served;
  • Navigating the pandemic and pandemic recovery, ensuring the financial health of the credit union, members, local businesses, and our community.

Giving back to members, and the community generally, are core to this credit union. Our new GM will be an active and visible leader in the community, and will share our commitment to the cooperative movement and values-based banking.

The Ideal Candidate:
You are an experienced financial services executive who has held oversight of planning, financial management and budgets, marketing and brand, sales and service, and technology and digital service implementation. You have enough experience in retail and commercial lending to build internal team capacity and drive growth in this portfolio. You have a business development mindset, and will actively identify and pursue opportunities for the credit union.

You have experience with regulatory compliance and governance, and you’re familiar with the regulatory environment of financial institutions in Canada.

You have the ability to set a vision and lead people through change, and experience building a strong organizational culture – bringing people together to achieve common goals. You have led in a unionized workplace, have respect for the collective bargaining processes, and have been successful in creating a motivating and productive work environment within that context. You bring experience developing and implementing the human resources programs to maintain high staff engagement and productivity.

Through a collaborative approach, you create partnerships that compliment the strategy and contribute to the success of the credit union.

Your background includes a combination of relevant education and financial services leadership, ideally within the credit union system.

If this sounds like you, we encourage you to submit your resume and cover letter. If you have questions, or want more information on this opportunity, please contact Cindy Dopson at recruitment@central1.com.

Learn more about CVCU at https://www.cvcu.bc.ca/Personal/AboutUs/ and https://www.facebook.com/ColumbiaValleyCreditUnion

The posting will stay open until we have completed our search.

CVCU offers a competitive executive compensation and benefits package. We will consider relocation support for the right candidate.

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