CFO – Financial Institution

Learn more about this great opportunity.

Critical Influence

The organization is evolving, and your nimble approach will help define its new direction.

People Centric

They put their members first and unlike traditional banks, they are not driven by a P&L.

Technologically Driven

They are at the forefront of technology and are considered leading edge with their investments in IT.

CFO @Financial Institution

Company:

Financial Institution

Position:

CFO

Location:

Ottawa

As a co-operative financial institution, our client is owned and democratically directed by its members. They exist solely to meet the financial needs of their member-owners. It is, quite simply, a fairer method of banking that ensures that the needs of member-owners are always placed above profit. This organization has experienced consistent and sustainable growth over the past 5 years, which has led to more locations, and recognition as a leader among Eastern Ontario credit unions. With this growth, family and community still remain at the core of who they are.

Skills & Experience

Finance Experience CFO or Senior level
Financial Services Experience at credit unions, cooperatives, banks and/or highly regulated financial services environments
Designation CPA or CA
Financial expertise Planning, regulatory changes and financial reporting
Auditing Exposure working with auditors or an audit committee
Analytical Skills Ability to support big picture thinking with facts and numbers

Summary of Role

Our client has operated without a Chief Financial Officer for the last 3 years. A deliberate and well thought out decision has been made that now is the right time to reintroduce this role. The CFO will be involved in managing and directing the overall financial planning and performance activities of the credit union by designing and developing short and long-term strategies, plans and systems to monitor and stimulate growth. The CFO will work closely with the President & Chief Executive Officer and participates actively at the senior management level and Board level in the development and implementation of long term strategic plans in regards to policy positioning, interest rates and asset/liability matching. She/he will also contribute to the healthy governance of the company as the assigned executive to the Audit Committee. Oversight of key personnel, both in accounting and compliance and their continued career development will be a key component of the CFO role.

The financial industry is on the brink of disruption due to the digital wave. This is an opportunity to join an organization balancing the demands of its local community-based customer base membership with the desire of the millennial generation to manage their finances online. As their strong financial position is at the forefront of technology and are considered leading edge in the cooperative domain with regards to their investment in IT, they are equally as socially responsible. This is an opportunity to develop strategy, to create and execute a new direction. You will have an opportunity to build and execute on a risk and financial management plan and your impact will be wide and fast as decisions are made locally in Ottawa.

This position has been filled.