Description
Credit Union Deposit Guarantee Corporation (the Corporation) is the deposit guarantor and primary regulator for Saskatchewan provincially regulated credit unions and SaskCentral (together, Provincially Regulated Financial Institutions or PRFIs). The Corporation instills confidence in the province’s credit union system with a mandate of:
guaranteeing the repayment of deposits in Saskatchewan credit unions
establishing regulatory standards and ensuring PRFIs are performing to those standards
promoting responsible governance by PRFIs, and contributing to the strength and stability of the credit union system
directing PRFIs to take action on material deficiencies, and any issue that may put depositors’ funds at risk
maintaining and managing a guarantee fund in a sound and prudent manner
The selection committee is now seeking a candidate for the Corporation’s board of directors. The board is responsible for the governance of the Corporation and is responsible for providing oversight, strategic direction, planning and vision, and developing and implementing corporate policy.
The committee will assess the candidates against the competency-based needs of the board. Board members are selected based on the particular skill set/expertise currently needed to support the board. By implementing a competency-based approach, the Corporation is able to make effective use of intellectual capital in the decision-making processes.
Requirements
The ideal candidate will meet the competencies identified by the board and have a combination of diverse skills, knowledge, experience, education, and personal attributes.
A candidate may only apply one year after they are no longer employed by the Saskatchewan provincial government, a credit union, or SaskCentral.
The committee is seeking candidates who possess a combination of the following attributes:
Industry/Technical
Function/Dynamics
Knowledge of credit unions and
co-operatives
Active participation
Financial industry knowledge
Open minded
Financial literacy/financial acumen
Flexibility -adaptability to change
Governance and ethics
Teamwork and partnering
Risk management
Knowledge of governance and board/role
Strategic planning/thinking
Commitment to “speak with one voice”
Regulatory roles and legislation
Commitment to CUDGC values and ethics
Human resources
Trust and relationship building
Information technology
Consensus building/reasoned debate
Audit function
Ability to effectively work/connect with management
Investment oversight
Public relations/speaking
Legal background in a relevant field
Change management
Personal Attributes
Integrity /ethics
Ability to commit time required
Commitment to learning and development
Ability to engage in healthy dialogue
Leadership
Initiative
Values fit
One position on the board (three-year term) is required to be filled at this time. Knowledge of credit unions or co-operatives, financial industry, or regulatory roles and responsibilities would be an asset. Preference is given to current or former residents of Saskatchewan.
The Corporation believes that the unique skills and experience of each individual are valuable and that diversity and inclusiveness benefits the board. Diversity of board composition is a consideration.
To learn more about the Corporation or to apply as a candidate, please refer to our website https://www.cudgc.sk.ca.
