Director of Risk Management & Banking

XM3 Senior Manager 3

Regular/full-time

Department of Finance

Risk Management & Banking, Treasury Division

Winnipeg MB

Advertisement Number: 43930

Salary(s): XM3 $114,235.00 - $139,824.00 per year

Closing Date: April 29, 2025

The Manitoba government recognizes the importance of building an exemplary public service reflective of the citizens it serves, where diverse abilities, backgrounds, cultures, identities, languages and perspectives drives a high standard of service and innovation. The Manitoba government supports equitable employment practices and promotes representation of designated groups (women, Indigenous people, persons with disabilities, visible minorities).

Employment Equity is a factor in selection for this competition. Consideration will be given to women, Indigenous people and persons with disabilities.

An eligibility list may be created for similar positions and will remain in effect for 12 months.

Candidates who do not meet all essential criteria may be considered on an underfill basis at a commensurate rate of pay.

Treasury Division manages and administers the cash resources, borrowing programs and all investment and debt management activities of the government, its crown corporations and agencies. The Risk Management & Banking branch is responsible for: developing and enforcing treasury policies and processes to ensure best treasury practices are implemented and followed; measuring, monitoring and reporting on counterparty financial risks; dynamically measuring financial risk to economic developments; and providing banking services for all government departments.

To be considered for this competition you must submit an application form. See below for further instructions.

Conditions of Employment:

• Must be legally entitled to work in Canada
• Must provide and maintain a satisfactory Criminal Record Check
• Completion of satisfactory credit screening and credit check is required
• Must be willing and able to travel as required

Qualifications:

Essential:

• Post-graduate education or CPA designation; a recognized financial industry related designation such as a Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) is preferred. An equivalent combination of education, training and experience may be considered.
• Senior level management experience in risk management within banking and financial services with the ability to develop, implement and oversee comprehensive risk framework that align with regulatory standards and business objectives.
• Advanced financial and analytical skills with expertise/experience in derivative valuation and measurement of financial risks.
• Extensive and demonstrated understanding of credit risk, market risk, operational and liquidity risk and experience developing and implementing risk frameworks, policies and controls.
• Ability to analyze information and risks and make decisions on critical issues, while complying with government policies.
• Experience in strategic planning and determining and setting priorities.
• Excellent leadership skills with experience leading organizational changes and successfully leading and developing teams to achieve desired outcomes with a commitment to fostering a respectful workplace.
• Experience and understanding of ISDA (International Swaps and Derivatives Association) contracts and negotiating contracts related to the financial services industry.
• Demonstrated knowledge of utilizing influence, networks, and complex information to anticipate the impact of decisions, solve problems, and advance opportunities.
• Strong verbal communication skills demonstrated by the ability to communicate clearly and concisely with senior leaders and officials, external stakeholders and members of the public.
• Strong written communication skills including the ability to write appropriate and actionable recommendations and confidential material for senior leaders.
• Experience with financial markets and treasury specific technologies with direct experience using Bloomberg for portfolio monitoring, risk analytics and reporting.

Duties:

The Director manages and mentors the Risk Management and Banking team and is responsible for the administration of the Province’s Risk Management and Banking programs. This includes the ongoing development, documentation and maintenance of divisional policies and procedures ensuring that proper processes and controls are in place and operating effectively in order to allow the Division to meet its strategic objectives while managing risks. The Director is responsible for setting strategic goals and creating an environment where individuals can thrive and collaborate effectively.

The Director is responsible for monitoring and reporting on the Division’s market, credit, operational and liquidity risks ensuring safeguards are in place to protect the financial assets of the government. This involves independently monitoring trading, counterparty, credit, term and market risk limits as per predetermined guidelines. The Director works with the Treasury branches to ensure effective risk management practices, processes and compliance monitoring. The Director will also establish close partnerships and value-added collaboration with government departments, crowns and agencies and functional leaders to ensure key risks are properly identified, managed, and mitigated.

Apply to:

Advertisement # 43930

Talent Acquisition - Executive Recruitment

Human Resource Services

608-330 Portage Avenue

Winnipeg, MB , R3C 0C4

Phone: 204-945-6892

Fax: 204-945-0601

Email: PSCExecutivejobs@gov.mb.ca

To be considered for this competition, candidates must submit the Application Screening Form along with a copy of their cover letter and resume. Complete the Application Screening Form at the link below or contact Human Resource Services under "Apply to" to request a copy of the application form. The selection board will rely only on the information provided in this form to determine whether a candidate will be invited for further assessment. Note: along with your application form you must also submit a copy of your resume and cover letter. You may be asked to submit references or other documents at a later point if invited for further assessment.

WHEN APPLYING TO THIS POSITION, PLEASE INDICATE THE ADVERTISEMENT NUMBER AND POSITION TITLE IN THE SUBJECT LINE AND/OR BODY OF YOUR EMAIL.

Please attach your resume and cover letter along with your application form.

Applicants may request reasonable accommodation related to the materials or activities used throughout the selection process. When applying to this position, please indicate the advertisement number and position title in the subject line and/or body of your email. Your cover letter, resumé and/or application must clearly indicate how you meet the qualifications.

Please be advised that job competitions for represented positions may be grieved by internal represented applicants. Should a selection grievance be filed, information from the competition file will be provided to the grievor's representative. Personal information irrelevant to the grievance and other information protected under legislation will be redacted.

We thank all who apply and advise that only those selected for further consideration will be contacted.