Recruitment posting
ATB Financial
Competition #: 815
Ministry : Treasury Board and Finance
Opening Date : 2024/03/28
closing Date : 2024/04/05
Role : Directors
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 and Minister of Finance is seeking applications from qualified individuals interested in serving as a member for the Board of Directors of ATB Financial.
With $60.9 billion in assets as of September 30, 2023, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 800,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond.
Quick Facts (ATB Financial 2023 Annual Report)
- $55.5 billion in assets
- $47.2 billion in loans
- $39.5 billion in deposits
- $428.4 million in net income
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 Board Charter and the Code of Conduct and Ethics further govern the Directors.
For more information, please see the attached position profile.
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 its related regulation and ATB’s Mandate and Roles Document; 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.
Board member appointments are made by Order in Council.
Ideal candidates will be current or former senior executives or business leaders with broad corporate experience, and with specific knowledge in business transformation, innovation/information technology, investment or retail banking, payments technology, wealth management, marketing, and/or agriculture/agri-tech.
In addition, Directors should be persons of integrity, respected by their peers, with a track record of achievement in an organization with similar size and complexity, political astuteness, exceptional judgment and communication skills, and financial literacy. Governance education (ICD or equivalent) and/or significant board experience, ideally with a financial institution, public company, or Crown corporation, as well as familiarity with Alberta's economy, politics, and business community, are preferred.
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.
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
Meeting Attendance Fees:
Board of Directors - $700/meeting
Committees of the Board - $500/meeting
Time and Travel Commitment
These roles require 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.
- 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 ½ 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.
Please note: This ad will close on March 11, 2024.
The posting may be used to fill current and future public agency vacancies.
(This field will only show up on the RECRUITMENT POSTING preview page if there is a request to complete documents) In this section:
- Attach any documents that are required for the screening process: application form, conflict of interest form or other forms as required by the department
- Include the following information: 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
The Department of Treasury Board and Finance and ATB Financial have partnered with Odgers Bernstson who will review and respond to applicants following the closing date.
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, 3rd Floor, Peace Hills Trust Tower, 10011 109 Street, Edmonton, AB T5J 3S8 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.