Manager, Risk and Resolution (1-year term)
Competition #: 1265
Language Requirements: CBC
Closing date: April 6, 2020
Our vision is to earn the trust of Canadians as a global leader in deposit insurance and resolution. At CDIC, we offer you the unique opportunity to provide financial peace of mind to Canadians in a stimulating, diverse and inclusive work environment. Let’s work together to build trusted relationships and to deliver quality service to all Canadians.
The Manager, Risk and Resolution is accountable for assessing the risk posed by CDIC members and recommends actions to mitigate risk, including watchlist placement & removal. Acts as a subject matter expert in development of resolution plans and assessment of resolvability risks posed by the members. Anticipates the runway and contributes to the formulation of resolution strategy for a member, and carries out the special and prep examination process with standby partners. The Manager, Risk and Resolution participates and/or supports the response team in executing the resolution strategy with the assistance of standby partners. Manages Relationships with FISC, members, domestic and foreign stakeholders for members, and standby partners. Supports the Head, Risk and Resolution, CDIC’s senior management and its Board of Directors in the management of CDIC’s exposure to high-risk member institutions, including the design and implementation of risk management processes and procedures.
- Conducts regular risk assessments on a portfolio of assigned member institutions based on data obtained from a variety of information sources including member filing information, information from regulators, market data, and member institutions (CDIC information and ad-hoc requests).
- Identifies the information and data required to assess the risk of individual member institutions contained within his/her portfolio and makes recommendations on appropriate action to be taken concerning each assigned member.
- Participates actively in meetings with regulator(s) to discuss issues related to member institutions and completes the requirements established under the CDIC-OSFI Strategic Alliance Agreement.
- Contributes/acts as a subject matter expert to the briefing materials, advancing policy and preparedness issues domestically and internationally and in the development of resolution plans and assessment of resolvability risks posed by the members.
- Prepares regular reports to the Board of Directors on high-risk member institutions or other issues, as required.
- Contributes to the maintenance of CDIC’s methodologies for member risk assessment and resolution, playbooks and data analytics for member information.
Qualifications and Experience
- Undergraduate or graduate degree in a business-related field.
- Possess or are working towards a related professional designation (CFA, FRM, CPA, CBV, other).
- Over 5 years of relevant experience in the financial services industry, directly or in a regulatory capacity, in roles involving credit, risk management, treasury or banking industry analysis.
- Solid understanding of financial risk management, (e.g. credit risk management, commercial lending, bank audit, treasury risk management, analysis of financial institutions performance asset and portfolio valuation, forecasting, loan or corporate workouts or restructuring and loss minimization.)
- Project management skills.
- Fluency in both official languages is considered a strong asset. Achievement of “CBC” proficiency ratings in both of Canada’s official languages may be required for a new Risk Manager depending on the skillsets available in the Department at the time.
- Ability to grasp strategic and technical issues and effectively communicate such issues verbally and in writing.
- Communication (excellent written and verbal communication skills are essential in both official languages)
- Working with others (collaborating and relationship management)
- Problem solving capabilities
- Sound judgement
- Initiative/Innovative thinking
Conditions of Employment/Security Clearance
Level II, Secret
- One 1-year term position is currently available, secondment candidates will also be considered.
- Due to Canadian immigration regulations, we can only consider applications from Canadian citizens or other individuals legally entitled to work in Canada and obtain necessary security clearances. Please indicate in your cover letter the reason for which you are entitled to work in Canada: Canadian citizenship, permanent resident status or work permit.
- CDIC is a federal agency (separate employer) and does not fall under the Public Service Employment Act.
- CDIC is committed to Employment Equity and encourages the equitable participation of all Canadians. If your application is retained and you require any special accommodation during the selection process, please advise us. Information received relating to accommodation measures will be addressed confidentially.
- If you are interested in joining a dynamic and growing team that contributes to the stability of Canada’s financial system and meet the required qualifications we invite you to forward your résumé and covering letter describing how you could contribute to our organization at firstname.lastname@example.org. Please quote competition #1265.
- We would like to thank all candidates who apply however, only those selected for an interview will be contacted.