Senior Vice President & Controller – Farm Credit Canada
In 1959 Farm Credit Canada (“FCC”) was established as a crown corporation under the Farm Credit Act and today is a self-sustaining crown corporation with a portfolio in excess of $36 billion offering a wide array of products and services to over 100,000 Canadian customers.
FCC is the only Canadian financial institution solely focused on the agriculture value chain. FCC is more than just a bank, beyond lending money, FCC offers creditor insurance, venture capital, farm management software and provides complimentary advisory services, and business management knowledge and training, mental health support and more to their valued producers, suppliers, processors, value-added operators and agri-food operators.
Headquartered out of Regina, FCC employs almost 2000 dedicated staff across 100 offices nationwide. FCC focuses on efforts that support Canadian agriculture, help their customers succeed, give back to communities across the country, create a great employee experience and reduce their environmental impact. They offer meaningful and challenging work with lots of opportunity to grow, learn and develop. Focused on success, employees are passionate about agriculture and committed to the success of their customers and the agricultural industry.
To enhance rural Canada by providing specialised and personalized business and financial services and products to farming operations, including family farms, and to those businesses in rural Canada that are related to farming.
- Act with Integrity:They are ethical and honest. They treat customers, colleagues and all stakeholders with respect.
- Focus on the Customer:They care about their customers, and pride themselves on providing them with an extraordinary experience based on personal relationships, flexibility and industry knowledge.
- Achieve Excellence:They share a commitment to high performance, accountability and efficiency in order to achieve excellence.
- Working Together:They believe in the power of teamwork. Whether delivering service tailored to customer needs or designing solutions to benefit the industry, FCC works together as one team.
- Give back to the Community: They take corporate social responsibility seriously. They believe in giving back to the communities where their customers and employees live and work, striving to reduce their impact on the environment and contributing to the success of the agriculture industry.
For more information on Farm Credit Canada, please visit https://www.fcc-fac.ca/en.html.
|Job Title:||Senior Vice-President & Controller|
|Reports to:||Executive Vice-President & Chief Financial Officer|
|Direct Reports:||4: Director, Corporate Accounting; Sr. Director, Financial & Capital Management; Director, Procurement and Financial Systems; and Executive Coordinator|
|Indirect Reports:||Approximately 70|
Reporting to the Executive Vice-President & Chief Financial Officer, the Senior Vice-President & Controller (“SVP & Controller”) will provide strategic direction, management and leadership of the financial and capital management, financial accounting, portfolio accounting, and corporate procurement functions of Farm Credit Canada.
The successful candidate will provide input and recommendation into the strategic planning process for financial returns and capital adequacy. In addition, the SVP & Controller will ensure FCC is aware of and prepared to take appropriate actions to safeguard and control its assets and is compliant with all financial related governance and regulatory guidelines.
Outside of financial leadership, the SVP & Controller will have oversight of the corporate procurement function and will act as the executive sponsor to FCC’s financial systems transformation.
As a senior leader in the organization, the successful candidate will forge exceptional relationships at all intersections of the organization providing leadership across FCC and to their finance and accounting team. The successful candidate will champion FCC’s leadership behaviours and corporate culture to support their team’s performance, their empowerment, as well as their professional and personal development.
- Demonstrate innovative and proactive strategic thinking by building relationships at all intersections of the organization identifying strategic opportunities and emerging challenges;
- Provide strategic leadership over the corporate financial planning, budgeting &, reporting processes and initiative business cases:
- Develop, execute and monitor enterprise-wide short and long-term financial and strategic plans in support of corporate plan and target;
- Make recommendations to executive on financial return, portfolio growth, efficiency ratio and risk appetite in support of corporate strategy;
- Authorize external statutory reporting to recommend approval by Executive and Board of Directors;
- Ensure operating cost integration into loan pricing;
- Monitor and analyze corporate business results against plan and report results and any recommendations to Executive and Board of Directors as required and appropriate;
- Partners with the Strategic Realization Team and initiative owners to ensure financial discipline within the project portfolio management process including proposals, business cases and requests for funding;
- Approve funding requests for corporate projects;
- Provide strategic leadership over the capital management process:
- Provide oversight of the Internal Capital Adequacy Assessment Process;
- Make recommendations to Executive and Board of Directors on capital adequacy, dividends and risk appetite in support of corporate strategy;
- Ensure capital charge integration into loan pricing;
- Accountable for the development and execution of the corporate procurement strategy; and
- Demonstrate executive leadership through participation in all committees and as project sponsor as directed.
- Oversee the internal control over financial reporting results and recommend related financial statement for approval by CEO and CFO;
- Approve financial statements, results, analysis and reporting for Executive and Board of Director presentations;
- Make recommendations to Executive on financial return, portfolio growth, efficiency ratio and risk appetite in support of corporate strategy;
- Approve funding for projects under scope of enterprise project management/project portfolio management;
- Identify and manage risks associated with achieving process and business unit objectives by implementing effective risk manage strategies, internal control and monitor activities;
- Ensure effective policies, system processes, controls and disclosures are in place ensuring compliance with financial governance, IFRS and other regulatory requirements, making recommendation and improvements as needed;
- Oversee the preparation, approval and issuance of the financial statements and management reporting as well as the internal control over financial reporting results;
- Make recommendations on capital adequacy, dividends, risk appetite and ensure capital charge integration into loan pricing;
- Oversee and manage the annual financial statement audit, building a strong relationship with auditor general; and
- Act as an officer of the corporation as needed/requested.
- Oversee the corporate procurement function of FCC:
- Authorize corporate procurement and vender risk management policies and related monitoring and reporting;
- Authorize single source and escalate issues as appropriate;
- Act as executive sponsor on financial system transformation upgrade:
- Work in collaboration with external project partners; and
- Ensure the new financial system will transform internal financial management allowing for greater analysis, forecasting and detailed reporting.
- Make decisions on the strategic direction of the division and its implementations;
- Champion FCC’s cultural practices demonstrating “100% accountability, 100% of the time” and “committed partnerships”;
- Responsible for coaching, mentoring, leading and managing staff, performance reviews, and succession planning for finance team; and
- Manage and develop exceptional internal and external relationships.
Provide leadership to and participate on the following teams/committees and other corporate governance committees as directed by the Enterprise Management Team:
- Senior Leadership Team: To build and manage the corporation’s strategy and operations in order to realize business objectives and fulfil FCC’s mandate. To ensure that all aspects of the business are aligned, and that the customer experience is optimized.
- Pricing Committee: To ensure loan pricing supports the achievement of corporate strategic objectives.
- Model Governance Committee: To provide model oversight across Farm Credit Canada, and approve models for implementation readiness.
- Capital Adequacy and Stress Testing Committee: To support and inform capital processes at FCC. To provide a platform to drive cross-functional collaboration, and oversight to capital assessment and stress testing processes. This capacity includes sharing relevant information and providing guidance regarding stress testing scenario development, capital adequacy and related methodologies.
- Asset and Liability Committee: To oversee the impact of treasury management decisions, approve the allocations of capital in relation to risk-adjusted returns and make decisions to ensure the achievement of corporate operational and financial targets within the established risk appetite and tolerances.
- Strategic Realization Team: The primary purpose is to provide oversight over the execution of strategy to ensure the realization of FCC’s strategic direction set by EMT, consistent with the risk appetite of the organization.
- Join an organization that is consistently recognized as a Platinum Best Employer by an international talent management & services firm;
- Influence the development of financial strategy and achievement of organizational goals and future successes; and
- As part of an organization that is incredibility supportive of professional and personal growth, work towards increased scope and accountability within FCC’s Finance team.
FIRST YEAR DELIVERABLES / MEASURES OF SUCCESS
Success in the first year will be determined by the candidate’s ability to:
- Build trusting, open, collaborative and respectful relationships with all colleagues to foster an engaged, high-performing team;
- Develop collaborative relationships at all intersections of the organizations, with committee members, Board of Directors and external stakeholders (ie. finance transformation partners, auditor general, etc.);
- Demonstrate leadership competencies as well as FCC’s cultural practices;
- Demonstrate technical competencies as it relates to financial reporting, risk management, capital planning, financial controls and strategic planning; and
- Get up to speed with financial system transformation to become an effective project sponsor.
The successful candidate will have the following:
- Undergraduate degree in related field (accounting, finance, economics, commerce) or equivalent;
- CPA Designation in good standing;
- Master’s degree in related field considered an asset; and
- Proficiency in both of Canada’s official languages (English and French) is considered an asset.
- A minimum 10 years’ experience in senior leadership roles;
- Demonstrated understanding of accounting, procurement, financial management, risk management, and financial lending systems;
- Depth in business strategy, governance, financial planning, capital management, financial/management accounting and reporting, internal controls/development and oversight; and
- Working knowledge of economics and the regulatory environment.
Competencies and Attributes
- Customer Experience: Creates opportunities to broaden customer, partner and/or co-worker relationships. Identifies significant opportunities to contribute to their success. Finds ways to cultivate deeper relationships.
- Initiative: Continually focuses on achievement and always balances what has been accomplished relative to how it is accomplished.
- Learning & Innovation: Encourages creativity in others by highlighting the benefits of innovation and change. Supports others to focus on continuous learning. Has the broad ability to effectively understand, communicate and share information.
- Agility: Has a clear sense of both narrow and broad-based implications when taking action. Makes and supports decisions that benefit the organization overall, even if they are unpopular or controversial, yet can readily change plans to achieve better intended outcomes.
- Solution Focus: Acknowledges the realities of problems over an extended time period. Actively works to guide and support realistic, consistent problem resolution.
- Teamwork & Partnership: Links strategies and objectives with team or partner goals and communicates positive expectations in achieving goals to support broader objectives and strategies.
- Relationship Builder: Genuinely believes in and promotes the value of building strong partnerships to ensure anticipation and understanding of issues, risks, impacts, opportunities and realization of aligned outcomes.
- Forward Strategic Thinker: Stay abreast of best practices, new trends and technology to provide strategic direction and make informed recommendations to executive and the Board of Directors.
- Inspiring Leader: Fosters a learning environment to grow employee capabilities so they can proactively develop the knowledge and skills necessary to influence and advance the provision of value-add financial services necessary in a fast changing business environment. Models authenticity where personal values guide behaviour and are lived courageously.
- Achievement Orientation: Has a track record of living into commitments and moving the corporate agenda forward actively and consistently.
- Communication: As the cornerstone of excellent leadership you will communicate openly, often, confidently, and with humility and vulnerability.
- Teamwork: Demonstrating an ability to put the organization first and identify key partners where a common and consistent understanding of the desired outcomes will move issues forward with speed and confidence.
How to Apply:
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