The Nova Scotia Credit Union Deposit Insurance Corporation (CUDIC) is the Prudential Regulator for Credit Unions and Caisse Populaires in Nova Scotia as well as Atlantic Central.

“We are responsible to maintain member, stakeholder, and public confidence in the Nova Scotia System.”

Our Mandate is:

• To fulfill the role as primary regulator of Nova Scotia Credit Unions and Atlantic Central.
• To provide insurance for eligible member deposits.
• To establish prudential standards of sound business and financial practices and to ensure adherence to these standards in the Credit Union System.
• To take remedial action to mitigate risks and ensure the stability of Nova Scotia Credit Unions and the Atlantic Central.
• To promote good governance and contribute to the strength of the Credit Union System.
• To maintain and effectively manage a deposit insurance fund.

Located on the Bedford waterfront, CUDIC administers a comprehensive examination program, operates a rigorous monitoring system, and provide policy oversight for the credit unions in Nova Scotia.

CUDIC is adding to its professional team with a new Director, Regulation & Risk Management position. The position will report to the Chief Executive Officer. The Director, Regulation & Risk Management’s main purpose is to lead the research, analysis, development, and communication of regulatory frameworks. The Director, Regulation & Risk Management, will collaborate frequently with the CEO and Senior Analysts to review and approve regulatory practices and processes. The Director, Regulation & Risk Management will collaborate with the Chief Executive Officer to facilitate the creation and issuance of regulatory guidance, influencing change in Credit Unions, Caisse Populaire’s, and NS CUDIC governance, risk management, and operations. The Director, Regulation & Risk Management will collaborate with key stakeholders in the development of regulatory guidance. The Director, Regulation & Risk Management will also monitor, research, and analyze the financial services industry and regulatory environment.

Responsibilities will include:

• Assist the CEO in departmental strategic planning and development.
• Provide reporting to the CEO regarding the activities and performance of the Regulatory Practice function.
• Review and recommend policy/guideline revisions and programs to reflect industry and economic trends to the CEO.
• Lead the development, implementation, and communication of NS CUDIC Standards of Sound Business Practice and Prudential Standards.
• Lead the analysis and identification of the need for preventive programming that enhances a credit union’s ability to manage risk and promotes positive and respectful regulatory relationships with credit unions.
• Research and analyze the regulatory environment including legislation, regulations, guidelines, market trends, and industry best practices.
• Research, develop, and update NS CUDIC’s regulatory frameworks (Monitoring, Examination, Supervision, etc.)
• Recommend new regulatory practices that assist CU/Caisse Board of Directors and Senior Management and help CU/Caisse manage risk.
• Communicate new regulatory frameworks and provide guidance to the Risk Department.
• Lead the research and development of NS CUDIC’s financial-based regulatory frameworks (MIS Reporting, Capital Adequacy Reporting, ALM Stress Testing, etc.)

The ideal candidate will possess:

• Minimum Formal Education
  • Bachelor’s Degree or a diploma requiring 3 to 4 years of full-time study or equivalent.
• Desired Education Level.
  • Advanced Degree in a professional field including law, policy, or a degree in business or finance or equivalent educational achievement.
• Minimum Job-Related Experience
  • 7 years’ experience in the field of law, policy analysis or a related field.
• Maintain and continually enhance knowledge of:
  • Credit Union and Caisses Populaire’s Act & Regulations
  • Credit Union Standards of Sound Business Practices
  • Governance and Risk Management Practices
  • Prudential Standards
  • Financial Reporting including current accounting practices
  • Regulated entities activities and appropriate risk mitigation strategies

This is an amazing opportunity for an experienced legal or policy professional who wants to work at a great organization. This is an organization where you can thrive for the long term. This position is preferably a full-time position but could be part-time depending on applicants’ availability.

To express interest in this opportunity, please apply to info@nscudic.org.

To express interest in this opportunity, please apply to info@nscudic.org.