The Financial and Consumer Services Commission (Commission) is a leader in integrated financial and consumer services regulation. The Commission's mandate is to protect consumers and enhance public confidence in the financial and consumer marketplace through the provision of regulatory and educational services. With offices in both Fredericton and Saint John, it is responsible for the administration and enforcement of provincial legislation regulating mortgage brokers, payday lenders, real estate, securities, insurance, pensions, credit unions, trust and loan companies, cooperatives, unclaimed property, and a wide range of consumer legislation. The Commission is a self funded Crown corporation responsible for the administration and enforcement of financial consumer services legislation.

We offer opportunities for dedicated professionals to play a vital role in carrying out our mandate.

Director - Financial Institutions (Fredericton)

We are seeking a highly skilled and experienced Director to lead our Financial Institutions Division. This critical role is responsible for overseeing and managing the day-to-day operations of the Division, providing expert advice and guidance on credit unions, cooperatives, and loan and trust companies. As a key member of our leadership team, you will be responsible for providing direction, leadership, and accountability to a professional team while ensuring the effective implementation of policies, regulations, and strategic initiatives. If you are an experienced regulatory professional with a passion for fostering strong relationships with stakeholders and driving excellence in financial regulation, we encourage you to apply.

Key Responsibilities

• As the Director, you will be responsible for overseeing a range of responsibilities within the Financial Institutions Division. Your primary duties will include:
• Provide leadership, subject matter expertise, direction, and management to Division staff, ensuring alignment with the Commission's mission, directives, and policies.
• Ensure the Division's resources align with strategic objectives to support the Commission's overall plans.
• Oversee and direct staff:
  • in monitoring credit unions by analyzing data, conducting inspections, and maintaining accurate risk profiles;
  • in the annual licensing of loan and trust companies;
  • in reviewing and approving changes to resolutions, incorporation documents, and bylaws for cooperatives.
• Intervene as necessary in administering the Credit Unions Act, the Cooperatives Act and the Loan and Trust Companies Act to ensure compliance.
• Review inspection reports, filings and submissions to analyze for approvals, licenses, business authorizations, liquidations and dissolutions under the relevant legislation.
• Develop and implement risk guidelines for credit unions.
• Lead the review, development, and revision of divisional policies and applicable legislation, including making recommendations to the Commission and consulting with stakeholders on industry changes, preparing position papers and consulting with legal services and drafters during the legislative drafting process.
• Oversee the development of memoranda and briefing materials on financial institutions issues.

What you bring

• A CPA accounting designation or a Master's degree in Business Administration or related field with a focus on financial management/economics, or a Bachelor's degree in business/commerce with additional relevant training/designations (law, audit, fraud examination, etc).
• A minimum of 10 years of progressively responsible related experience, including experience supervising professional staff.
• Business knowledge of deposit taking, trust and insurance sectors, including the variety of current and emerging business models.
• A solid understanding of risk management theories and best practices and how they are currently being implemented and enhanced in the financial services sector.
• In depth knowledge of financial statements, reporting standards and metrics.
• Exceptional communication skills; ability to communicate complex issues in plain language in writing and verbally; confident speaking in formal settings to small and large external groups.
• The candidate will ideally have financial management/auditing experience in both government and the private sector.

Additional Strengths

• Some travel is required in New Brunswick and across Canada.
• Bilingualism would be an asset.
• Work experience in a financial institution would be an asset.
• Knowledge of government and the legislative process related to credit unions, loans and trust companies and expertise in financial and managerial auditing would be an asset.

The Financial and Consumer Services Commission offers a competitive salary and benefit package as well as excellent opportunities for personal growth and challenge. Salary will be commensurate with experience. If you are interested in being a key part of this team, please forward your résumé and covering letter.

Salary Range: $115,992 to $159,489 (annual compensation)

For more information about this position please visit our website at www.fcnb.ca or call the Human Resources Officer at (506) 643-7790.

Please note that only candidates selected for further evaluation will be contacted.