The Organization Established in 1974 as the Credit Union Stabilization Corporation, the Credit Union Deposit Guarantee Corporation (CUDGC) has helped protect the financial security of Alberta credit union members for more than 50 years. Originally created to insure 100% of deposits, CUDGC has continued to evolve alongside the sector, expanding into credit adjudication, prudential regulation, stress testing and modern regulatory oversight. Today, it operates as a trusted public agency under the authority of the Alberta Credit Union Act.

As deposit guarantor, CUDGC guarantees 100% of eligible deposits held with Alberta credit unions. The Deposit Guarantee Fund forms part of a three-level protection system supported by credit union capital and, ultimately, the Government of Alberta. The Fund is funded, in part, by Alberta credit unions and invested in high-quality, liquid investments.

CUDGC also regulates Alberta’s credit unions and Alberta Central through a risk-based approach designed to support system safety and soundness and protect depositors. Its oversight framework draws on national and international leading practices tailored for the Alberta context and includes standards, guidelines and ongoing assessment of capital, liquidity, solvency, governance, enterprise risk management, internal controls and compliance with the Alberta Credit Union Act.

For more information about CUDGC, please visit their website.

The Prospect

Department: Supervision & Regulation

Reports to: Executive/C-Suite

Direct Reports: Four Direct Reports

Location: Edmonton, AB

Mandate Reporting to an Executive, the Managing Director, Regulatory Enablement leads the delivery and refinement of CUDGC’s prudential regulatory policies and approaches,



standards and guidance guidelines within the regulatory strategy and priorities approved by the Executive. The role translates legislation, emerging risks and leading practices into practical recommendations and regulatory approaches that support effective oversight of Alberta credit unions.

Regulatory Enablement develops and maintains the policies, standards, guidance guidelines and analytical tools used by CUDGC’s supervision teams. The Managing Director identifies gaps, develops options and recommends material framework changes to the Executive for approval.

The successful candidate will also strengthen collaboration across CUDGC’s regulatory functions and increase the visibility and influence of the Regulatory Enablement team. They will be a credible ambassador with regulated entities and other interest holders, able to communicate complex regulatory issues at the appropriate level for professionals, executives and Boards. CUDGC is seeking a leader confident enough to challenge assumptions, including those of senior executives, while remaining pragmatic, constructive and focused on the public interest.

Key Accountabilities Regulatory Policy and Framework Development

Lead the development, implementation and periodic refinement of prudential standards and guidance guidelines within approved regulatory direction.

Identify policy or framework gaps,



assess options and recommend material changes to the Executive.

Accountable for the quality, consistency, timeliness and defensibility of Regulatory Enablement’s policy, standards, guidance guidelines and risk-analysis outputs.

Coordinate implementation with various internal and external stakeholders, supervision, and other regulatory functions and elevate material interpretation, policy or implementation issues to the Executive.

Support communication of approved framework changes to internal and external stakeholders.

Legislative Interpretation and Risk

Lead the analysis and interpretation of legislative and regulatory changes through a safety and soundness lens.

Contribute analysis and briefing materials for the Executive Leadership Team (ELT) and the Board, presenting directly when delegated.

Escalate systemic, precedent-setting or high-impact matters for Executive or ELT decision.

Monitor broader financial-sector trends and global supervisory practices that may affect Alberta’s credit union system.

Review and challenge risk assessments, risk profiles, action plans and regulatory recommendations.

Apply strong financial acumen to critically assess the financial condition and risk profile of regulated institutions.

Support the development of risk tolerances, standards, guidance and supervisory approaches.

Leadership and Organizational Integration

Lead, coach and develop the Regulatory Enablement team, including directors and specialized professionals.

Build a culture of sound judgement, accountability, independent thinking and public-interest decision-making.

Encourage diverse perspectives an

📌 Managing Director, Regulatory Enablement (Edmonton)
🏢 Credit Union Deposit Guarantee Corporation (Alberta)
📍 Edmonton