Recruitment posting
ATB Financial
Competition #: 749
Ministry : Treasury Board and Finance
Opening Date : 2022/03/02
closing Date : 2022/03/18
Role : Board of Directors
The Board of ATB Financial, in conjunction with the President of Treasury Board and Minister of Finance is seeking applications from qualified individuals interested in serving on the Board of ATB Financial. Appointments are made by Order in Council, for a fixed term up to three years, with potential for reappointment.
There are two upcoming vacancies on the ATB Financial Board.
ATB Financial is a full-service financial institution headquartered in Edmonton, Alberta. Established in 1938, ATB Financial has been a provincial crown corporation since 1997. With total assets of over $55 billion, ATB Financial is the largest Alberta-based deposit taking financial institution. Some 5,000 team members serve more than 800,000 Albertans in over 280 locations across Alberta.
ATB Financial was built to help Albertans. ATB Financial’s goal is to make it possible for its clients by delivering solutions and value, as well as providing risk-adjusted returns to its shareholder similar to that of comparable financial institutions.
Quick Facts (2021 Annual Report)
- $55.7 billion in assets
- $44.6 billion in loans
- $37.8 billion in deposits
- $210.5 million in net income
By Working Together, ATB:
- Lent or renewed $18.9 billion in loans
- Donated $3.0 million to charities, and fundraised $7.2 million through the ATB Cares giving platform.
- Received 8 awards from the Great Places to Work Institute.
- Won numerous awards for Excellence in Governance.
As members of the Board, Directors assume the stewardship role of overseeing the management and business affairs of ATB Financial. Board of Directors’ Terms of Reference, the Director Position Description, and the Code of Conduct and Ethics further govern the Directors.
Board responsibilities include:
- Overseeing ATB Financial's strategic planning process, including approving the strategic plan and monitoring the implementation and effectiveness of the strategic plan;
- Establishing appropriate governance processes to assist in fulfilling ATB Financial’s mandate as set out in the ATB Financial Act and ATB’s Mandate and Roles; Document;
- 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;
- Setting and reviewing performance expectations, corporate goals and objectives for the Chief Executive Officer (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.
For further information about ATB Financial’s Board, including its Board of Directors Terms of Reference and Director Position Description, and the Mandate and Roles document, please visit the ATB Financial website. For additional information on the ATB Financial Act and related regulations please refer to the Alberta government website.
Appointment Term
Per the ATB Financial Act, the Lieutenant Governor in Council appoints directors and the Board Chair to the ATB Financial Board. Directors, including the Board Chair, may be appointed for a fixed term of up to three years, with a potential for reappointments, subject to a maximum 10 consecutive years of service.
The ideal candidates for the current Board vacancies will be successful senior executive business leaders with demonstrated ability in strategy formation and leadership. Ideal candidates will have some or all of the following experience:
- as a CFO, professional accountant or as a member of an audit committee;
- significant experience in corporate governance, either as corporate secretary or through membership on a governance and nominating committee;
- having led the complex transformation of a large business organization; and
- as CEO.
Preference will be given to candidates with financial industry (including in wealth management) experience with a national scope.
In addition, Directors will be persons 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;
- political astuteness;
- exceptional judgment and communication skills;
- the ability to contribute significantly at the Board of Director level; and
- financial literacy.
To be a successful Board Director, the selected candidates 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.
Commitment to Diversity
ATB Financial is committed to ensuring diversity on the Board in accordance with our policy.
The Government of Alberta is committed to offering qualified Albertans the opportunity to be considered as members on Alberta’s public agencies, boards and commissions. To help ensure that Albertans are well-represented on boards, we invite applicants from all backgrounds who embody a range of knowledge, skills and expertise to apply.
Remuneration
Board directors receive remuneration, which is set by Order in Council 69/2004, Schedule 1.
Retainers:
- Annual Retainer (Director) - $15,000/year
- Additional Retainer Committee Chair (Director) - $2,000/year
For meetings attended:
- Board of Directors - $700/meeting
- Committees of the Board - $500/meeting
In addition to remuneration set under Order in Council 69/2004, an additional $700 meeting fee is available for preparation and travel for Board meetings only, to a maximum of eight payments per year.
All reasonable expenses, including travel, meals and accommodation associated with attendance at meetings, are reimbursed per the ATB Directors Remuneration Policy and Expense Guideline.
Time & Travel Commitment
Serving as an ATB Director 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. The Board will generally meet not less than five (5) times per year.
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.
Every Director is expected to serve on two Board Committees. In addition to quarterly Board meetings (usually involving a two day commitment) and quarterly Committee meetings (usually requiring a 1?2 day commitment for each Committee), Directors must be able to commit considerable time in preparation for these meetings.
Meeting packages are provided in advance to allow Directors to be fully prepared. Board and Committee packages are generally several hundred pages in length and include complex information.
Appointment Term
Per the ATB Financial Act, the Lieutenant Governor in Council appoints directors and the Board Chair to the ATB Financial Board. Directors, including the Board Chair, may be appointed for a fixed term of up to three years, with a potential for reappointments, subject to a maximum 10 consecutive years of service.
Successful candidates will be required to provide background checks including references, credentials and experience verification and a security screening check.
In addition to your cover letter and resume, we require a biography. Click HERE to download the biography form.
Once the forms are completed, save them to your PC. When you click on submit application, you will be prompted to upload additional documents. Drag and drop or upload your completed biography form and others requested into the ‘Drop files below or click to upload’ section.
Please note: This ad will close on March 16, 2022 or until suitable candidate found. The posting may be used to fill current and future public agency vacancies.
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Executive Search, Alberta Public Service Commission.
Phone: 780-408-8460
Email: psc.executivesearchservices@gov.ab.ca
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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.
The personal information in ePAAS is collected pursuant to section 33(c) of the Freedom of Information and Protection of Privacy Act. The information will be used to administer and manage recruitment for current and future public agency appointment opportunities. Questions regarding the collection, use, or disclosure of this information, may be directed to the Public Agency Secretariat, Public Service Commission, 12th Floor 44 Capital Boulevard, 10044 - 108 Street, Edmonton, AB T5J 3S7 or by calling 780-644-3060. Applicants will be required to identify any real or perceived conflicts of interest and may be required to undergo additional screening.
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.