Head, Group Clearing

  • Full-time

Company Description

When you’re passionate about what you do and where you work, the rest comes easy. That’s the culture at Central 1 Credit Union, and that’s precisely what we’re looking for from you. Supporting nearly 150 member credit unions across British Columbia and Ontario, we’re the backbone of the credit union system in both provinces – taking care of everything from online services and product development, to payment processing, trade association services and more.

Our team of over 600 employees represent some of the most innovative, passionate individuals you’ll ever meet; people who honestly care about the organization, its members and each other. In other words, people who love what they do.

Job Description

Central 1, in its role as Group Clearer for the national credit union system, facilitates the clearing and settlement of payment transactions between provincial credit union systems and with counterparties in Canada and the US.  This arrangement is governed by a Group Clearer Joint Venture between Central 1, Alberta Central, SaskCentral, and Manitoba Central. The incumbent will drive the execution of the Group Clearer’s strategic initiatives through visionary leadership, being a catalyst for change and providing tactical direction to enable the Group Clearer and business units to achieve goals and objectives. Key areas of focus include strategy planning and analysis, change management, and project management.  This role is accountable to the Joint Venture Management Committee.

This role has four primary responsibilities:

  • Manage the Group Clearer function in accordance with the Joint Venture Agreement, Group Clearer Policies and Central 1 governance requirements.
  • Represent the Group Clearer’s interest on industry committees.
  • Provide corporate and system leadership and expertise relating to payment and group clearing functions. 
  • Manage to the Group Clearer budget ensuring tight cost control.

SPECIFIC ACCOUNTABILITIES:

  • Provide strategic and operational oversight of the operation of the Group Clearer.  Ensure that policies and technical manuals are kept up to date with industry and regulatory requirements.  Ensure that the risks of the Group Clearer are appropriately measured, monitored and managed.
  • Support accountability to the Group Clearer Management Committee by supporting the development of and reporting on key performance indicators to achieve business and financial targets.
  • Providing relevant periodic financial reports to the management committee and other information as deemed necessary to monitor performance and facilitate decision making. Ensure that the Group Clearer responds effectively to changing customer requirements, trends/developments in the industry, regulatory requirements and other relevant influences.  
  • Collaborates across Central 1 to ensure that Group Clearer operational requirements are met through a shared services model that minimizes cost while appropriately managing risks. Manage the Group Clearer within approved budgets and provide timely financial and management reporting.
  • Oversee research and analysis on payment network related industry policy and operating requirements to develop Group Clearer’s position, to influence change and to assess the impact on business processes, finances, technology, end users and credit unions.
  • Ensure that the interests of participating central credit unions and member credit unions are represented on industry and system committees.  Communicate potential changes to all stakeholders in a timely and transparent manner that enables them to plan for change.
  • Fosters and encourages a team environment with the necessary depth of commitment to respond to dynamic and often unpredictable deadlines and priorities.  Ensures that their staff are supported and empowered to develop in their roles and careers.
  • Conducts performance appraisals and evaluations of staff on a regular basis, resolves issues and makes staffing decisions.  Creates and maintains an engaging environment to attract and retain highly motivated and skilled professionals.
  • Other duties and projects as assigned.
  • Some travel is required.

Qualifications

  • Bachelor of Commerce degree with a focus on Business Administration required. Master’s degree in Business Administration preferred with related experience, or an equivalent combination of education, training, and experience.
  • A minimum of 10 years progressive experience in financial services or a primary payment association in Canada, including experience managing a section/department involving the leadership of staff, planning, managing business and operational performance and a proven ability to manage complex multi-stakeholder projects. 
  • The individual must display strong leadership and management skills, good communications and presentation skills, planning skills, risk management skills, change management skills, strong relationship management skills, excellent client and supplier management skills and, a strong ability to motivate and direct others.
  • Strong working knowledge of Payment Operations and the fundamentals of project management.
  • Sound knowledge of Payments Canada rules to provide oversight and guidance to credit unions on the standards required to maintain industry compliance.
  • Good knowledge of payment risk, financial analysis and reporting, budget forecasting, lean process improvement and strategic planning processes.
  • Knowledge of accounting processes and principles with experience managing complex budget variances and required reporting.
  • Ability to think strategically and identify opportunities to increase business and improve operational efficiencies.

Additional Information

As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry – from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

Central 1 is committed to diversity and inclusion. If you have a request for a disability-related accommodation, we will work with you to meet your needs.

Reporting to: VP, Treasury and Operations

Grade:  AVP

Date Posted: May 8, 2018

Internal applicants must apply by May 15, 2018

*Unsolicited resumes from vendors will not be accepted for this or any position at Central 1*