JOB PROFILE
Position # 00115091
TITLE: SENIOR ANALYST, CUDIC FUND RISK - PAYOUT
CLASSIFICATION: BAND 3
MINISTRY: FINANCE, FINANCIAL INSTITUTIONS COMMISSION
WORK UNIT: DEPOSIT INSURANCE OPERATIONS
SUPERVISOR TITLE: EXECUTIVE DIRECTOR, DEPOSIT INSURANCE
POSITION #: 00009317
PROGRAM
The Financial Institutions Commission (“FICOM”) regulates the financial services industries in British Columbia. This
regulation is designed to protect the public against the insolvency of financial institutions, prevent improper market
conduct in the financial services sectors, provide deposit insurance for members of B.C. credit unions and ensure the
solvency of pension funds.
The Credit Union Deposit Insurance Corporation of British Columbia (CUDIC) is a separate entity from FICOM under the
provisions of the Financial Institutions Act (“FIA”). It is a statutory corporation administered by FICOM, responsible for
provision of insurance for deposits and non-equity shares of British Columbia credit unions. CUDIC is accountable to a
Board of Directors and to a Commission, both appointed by the Minister of Finance. Although there has been no Credit
Union failure in British Columbia for the last 20+ years, CUDIC needs to be ready for credit union failure if that should
occur.
JOB OVERVIEW
The Senior Analyst reports to the Executive Director, and plays a critical role in preparation for credit union failure
resolution. The Senior Analyst prepares reports for the Board of Directors and the Financial Institutions Commission,
and also participates in other operational activities of the deposit insurance, especially relating to contingency planning
activities, testing of payout processes and communications planning. The Senior Analyst will also participate in the other
operational activities of the deposit insurance including premium assessment, investment fund management, and
strategic business processes.
ACCOUNTABILITIES
The Senior Analyst under the direction of the Executive Director is responsible for completing assigned tasks and
responsibilities such as:
 Contribute to the development and maintenance of contingency plans to ensure deposit insurance payouts can
be managed effectively in the unlikely event that a payout is required. Maintain and update existing plans as
required;
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Manage and maintain a compliance review program to ensure credit unions have the capability to provide the
information required by CUDIC to make payment out of the insurance fund in a systematic and timely manner;
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Plan and organize the testing of payout processes and procedures in full simulation exercises with the
participation of the safety-net participants, internal personnel and external service providers;
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Contribute to the enhancement of CUDIC’s preparedness capabilities for a credit union failure;
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Liaise with representatives from credit unions at both a senior executive and working levels to request
appropriate data for planning purposes;
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
Works closely with and supports the Executive Director in the developing and managing of internal and external
communications plan about a potential credit union failure to ensure confidence and stability in B.C. financial
sector.

Participate in other operational activities of the deposit insurance including premium assessment, investment
fund management, and the implementation of new and strategic business processes.

Provide authoritative advice with respect to interpretation of the legislative and compliance with critical
components, including B.C. deposit insurance program

Prepare written reports and presentations to senior management, the Commission, the Board of Directors, and
other stakeholders in a professional manner;
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Completing special project work as assigned by the Executive Director.
JOB REQUIREMENTS
Education/Experience
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Post-Secondary degree in related field (economics, finance, accounting, business, public administration, risk
management). Preference may be given to applicants with post graduate level education;
Five years demonstrated recent experience in financial services and/or financial regulation. Preference may be
given to applicants that have experience working in a credit union or deposit taking institution environment.
Three years’ experience planning, coordinating, and managing complex projects;
Preference may be given to applicants that have experience in risk management methodologies, data mining
techniques and modelling tools.
Knowledge, Skills, Abilities
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Excellent written and verbal communication skills are essential, especially the ability to write clear and concise
documentation, reports, briefing notes, etc.
Knowledge in deposit insurance, including knowledge of international standards and best practices in developing
and managing deposit protection programs, is an asset;
Successful completion of security screening requirements of the BC Public Service, which may include a criminal
records check, and/or Criminal Records Review Act check, and/or enhanced security screening checks as
required by the ministry.
BEHAVIOURAL COMPETENCIES
Results orientation is a concern for surpassing a standard of excellence. The standard may be one’s own past
performance (striving for improvement); an objective measure (achievement orientation); challenging goals that one has
set; or even improving or surpassing what has already been done (continuous improvement). Thus, a unique
accomplishment also indicates a Results Orientation.
Analytical Thinking is the ability to understand a situation by breaking it apart into smaller pieces, or tracing the
implications of a situation in a step-by-step way. Analytical thinking includes organizing the parts of a problem,
situation, etc. in a systematic way; making systematic comparisons of different features or aspects; setting priorities on a
rational basis; identifying time sequences, causal relationships or if-then relationships.
Makes Complex Plans or Analyses
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Uses several analytical techniques to break apart complex problems into component parts.
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Uses several analytical techniques (e.g., risk assessment, building business cases) to identify several solutions
and weighs the value of each.
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Information Seeking is driven by an underlying curiosity and desire to know more about things, people or issues. It
implies going beyond the questions that are routing or required in the job. It includes “digging” or pressing for exact
information; resolution of discrepancies by asking a series of questions; or less-focused environmental “scanning” for
potential issues or miscellaneous information that may be of future use.
Does Research
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Makes a systematic effort over a limited period of time to obtain needed data or feedback, or in-depth
investigation from unusual sources; or does formal research through newspapers, magazines, computer search
systems, or other resources.
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This may include legal, financial and or/community research.
Solving Problems Creatively involves knowledge and skills in fostering creative problem solving in the organization
through critical reflection, problem analysis, risk assessment and rewarding innovation. This requires:
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Using innovative methods and technologies to get things done;
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Reframing or restructuring problems in a different way, when necessary, to solve them; and
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Willingness to try radically different ways of solving a problem even if it has never been done before
Teamwork and Cooperation implies the intention to work cooperatively with others, to be part of a team, to work
together, as opposed to working separately or competitively. For this competency to be effective, the intention should
be genuine. Teamwork and Cooperation may be considered whenever the subject is a member of a group of people
functioning as a team.
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Genuinely values others’ input and expertise.
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Is willing to learn from others (including subordinates and peers).
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Solicits ideas and opinions to help form specific decisions or plans.
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Promotes team cooperation.
Building Partnerships with Stakeholders is the ability to build long-term or on-going relationships with stakeholders
(e.g. someone who shares an interest in what you are doing). This type of relationship is often quite deliberate and is
typically focused on the way the relationship is conducted. Implicit in this competency is demonstrating a respect for
and stating positive expectations of the stakeholder.
Develops Partnerships
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Develop partnerships and maintains strategic relationships and partnerships based on an in-depth knowledge
and understanding of each other's roles.
Commitment to Continuous Learning involves a commitment to think about the ongoing and evolving needs of the
organization and to learn how new and different solutions can be utilized to ensure success and move the organization
toward.
Keeps Current with Business/Organizational Changes
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Stays current in a demanding and changing business/organizational environment with new approaches, tools,
methods and/or technologies that may impact the business.
Quickly assimilates and understands a constant stream of new information.
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