Recruitment posting
ATB Financial
Competition #: 597
Ministry : Treasury Board and Finance
Opening Date : 2018/09/04
closing Date : 2018/09/24
Role : Chair
It is recognized in Alberta as a fundamental principle and as a matter of public policy that all persons are equal. Diversity and inclusion are valued and supported on the boards of Alberta's public agencies.
The President of Treasury Board, Minister of Finance is seeking applications from individuals interested in serving as a Chair on the Board of Directors of ATB Financial.
ATB Financial is an Alberta-based financial services provider engaged in retail and commercial banking, credit card services, wealth management and investment management services. ATB Financial’s 5300 team members serve more than 753,000 Albertans in 244 communities through more than 300 locations.
Generally, ATB Financial’s legislative mandate, established under the ATB Financial Act and the Alberta Treasury Branches Regulation, Alberta Regulation 187/97, is to provide Albertans access to financial services and enhance competition in the financial services marketplace in Alberta.
ATB Financial’s Board currently has 12 Board Directors, including the Board Chair.
ATB Financial’s Board has established four standing Board Committees: audit, risk, governance and conduct review, and human resources.
ATB Financial is committed to transforming banking and making banking work for customers.
ATB Financial’s goal is to ensure that it delivers the best value to each customer through a competent, professional, and engaged team and to provide a return that is fair for its owner, the Province of Alberta.
By working together, ATB Financial:
- Achieved the highest ever corporate-wide customer advocacy score;
- Reached 91% team member engagement - the highest ever;
- Donated $3.7 million to charities, spent $6.1 million on community-focused sponsorships, and fund raised $1.6 million through corporate social responsibility initiatives;
- Ranked 4th of Canada’s Top 50 Best Workplaces by the Great Places to Work Institute; and
- Won numerous awards for Excellence in Governance.
Board Directors of ATB Financial’s Board assume the stewardship role of overseeing the management and business affairs of ATB Financial. The Board of Directors Terms of Reference, the Board Charter and the Code of Conduct and Ethics further govern the Board Directors.
Board responsibilities include:
- Establishing appropriate governance processes to assist in fulfilling ATB Financial's mandate;
- Overseeing ATB Financial's strategic planning process, including approving the strategic plan and monitoring the implementation and effectiveness of the strategic plan;
- Approving and overseeing compliance to the ATB Financial Code of Conduct and Ethics for associates, as well as the Board of Directors Code of Conduct and Ethics;
- Reviewing the position description of the Chief Executive Officer (CEO), including the performance expectations, corporate goals and objectives for the CEO, and monitoring progress against those expectations;
- Approving the succession planning processes for the Board, CEO and senior executives;
- Overseeing compliance with all relevant policies, procedures and standards by which ATB Financial operates, and ensuring it operates at all times in compliance with all applicable laws and regulations; and
- Overseeing ATB Financial's oversight functions and approving and recommending to the Minister a Business Plan and Annual Report for each fiscal year.
With direction from the Board, the Chair represents the Board and its interests, as well as the interests of ATB, in dealing with the President of Treasury Board and Minister of Finance, the Treasury Board and Finance Department, the CEO, stakeholders and the community. The Chair provides leadership to the Board, facilitates the work and development of the Board, and sets the “tone at the top” for management of the Board and overall corporate governance.
The Chair ensures that the Board:
- Has an appropriate planning process to set the strategic direction and goals of ATB; identifies and assesses the major risks to ATB and establishes the means to mitigate those risks;
- Oversees an appropriate management team in place to manage the ongoing affairs of ATB;
- Has effective and open communication between its members and Committees;
- Is aware of and fulfills its responsibilities;
- Exercises independent judgment in its business dealings;
- Has Committees in place with proper governance procedures to manage Board responsibilities;
- Meets regularly and conducts regular in camera sessions;
- Has processes to monitor the conduct and ethics behaviour of the Board and team members;
- Has adequate resources and access to management and outside advisors to assist in fulfilling its responsibilities; and
- Is evaluated with respect to individual Board members and the Board’s effectiveness as a whole.
For further information about ATB Financial’s Board, including its Board of Directors Terms of Reference and Board Charter, Chair of Board Position Description, and the Mandate and Roles Document, please visit the ATB Financial website.
Board Directors and the Chair may be appointed for a fixed term up to three years, with the potential for reappointment, subject to a maximum 10 consecutive years of service.
Ideal candidates will be successful entrepreneurs or business leaders, who have embraced and demonstrated accountability at a strategic level for technology innovation or customer data analytics, in complex customer service delivery or retail environments. Other expertise in banking, wealth management or pensions is desired.
To be a successful Chair, the selected candidate must understand and be committed to the ATB Financial Governance Model and be prepared to meet the time and meeting attendance commitments of this Board. Governance education (ICD or equivalent) and/or significant Board experience, ideally with a financial institution, public company or crown corporation, is preferred. Candidates must be familiar with Alberta's economy, politics, and business community.
In addition, the Chair will be a person of integrity, respected by their peers, with an outstanding, successful and proven track record in their profession, and will have demonstrated the following:
- A record of achievement as a senior executive of a complex organization;
- Broad business experience;
- Political astuteness;
- Exceptional judgment and communication skills;
- The ability to contribute significantly at the Board of Director level combined with significant governance experience; and
- Financial literacy.
Current ATB Financial Board members interested in the position must apply to this competition to be considered.
Remuneration rates are set by Order in Council 69/2004, Schedule 1.
Retainers and Meeting Fees | Rate |
Annual Retainer (Board Director) | $15,000/year |
Annual Retainer (Board Chair) | $15,000/year (in addition to director retainer) |
Additional Retainer, Committee Chair (Board Director) | $2,000/year |
Meeting Attendance Fee (Board Director) | $700/meeting for board meetings $500/meeting for board committee meetings |
In addition to remuneration set under Order in Council 69/2004, an additional $700 meeting fee is available for preparation and travel for board of directors meetings only, to a maximum of eight payments per year.
All reasonable expenses, including travel, meals and accommodation associated with attendance are reimbursed per the Directors Remuneration Policy and Expense Guideline.
The role requires a significant commitment of time to prepare for and attend all Board and Committee meetings, as well as attend other special meetings, annual strategic planning retreats, educational sessions and events held throughout the province.
ATB Financial is headquartered in Edmonton, Alberta. Board and Committee meetings are conducted in Edmonton and Calgary on a rotational basis as well as other meetings held in many locations across Alberta.
The Chair is a non-voting member of all Committees. In addition to quarterly Board meetings (usually involving a two-day commitment) and quarterly Committee meetings (usually requiring a ½ day commitment for each Committee), the Chair must be able to commit considerable time in preparation for these meetings.
Meeting packages are provided in advance to allow the Chair to be fully prepared. Board and Committee packages are generally several hundred pages in length and include complex information.
In addition to your cover letter and resume, we require a biography. Click HERE to download form.
Once your biography is completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter and biography into the 'Drop files below or click to upload' section before clicking the 'apply' button.
Final candidates will be required to undergo a comprehensive background check, including security screening.
Tricia Mullen, BComm
Vice President | Executive Search & Recruitment Solutions
720 Manulife Place, 10180 101 Street | Edmonton, AB T5J 3S4
T. 780.432.5490 ext. 4426
Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements.
Online applications are preferred. To apply, click on the 'apply' button, create or sign into your account in the ePAAS system; upload your resume, view the listing under Current Opportunities and click on 'submit application'. The uploaded resume will be automatically attached.
Provide a short 4 line biography using the Biography template found under additional documents section. Your biography should include your name, current work experience, board/committee experience and relevant education. Please note that biographies may be edited for length and clarity.
Once your biography and other required form(s) are completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography and other form(s) into the 'Drop files below or click to upload' section before clicking the 'apply' button.
If you are unable to apply online, please submit a cover letter and resume, quoting the recruitment posting competition number, to the contact provided on the posting. We thank all applicants for their interest. All applications will be reviewed to assess which candidates' qualifications most closely match the agency's requirements. Only those selected for interviews will be contacted to advance to the next step in the appointment process. You can check the status of each competition on-line at https://www.alberta.ca/public-agencies.cfm.
All potential candidates will be screened for potential conflicts of interest. Please Note: Successful applicants will have the following information about them made publicly available on the Public Agency Secretariat Website: name, biography, public agency, and position title.