Chief Investment Officer

1 FULL-TIME PERMANENT POSITION

 

The Opportunity

Massey Henry is pleased to support Alberta Central with the recruitment for a Chief Investment Officer (“CIO”). Alberta Central is owned by 12 credit unions across Alberta that together have more than $34 billion in system assets and serve more than 718,000 members at 199 branches across the province. 

Reporting to the President and Chief Executive Officer (“CEO”), the Chief Investment Officer (“CIO”) provides strategic leadership and guidance for all financial services of the organization, including the investment of the Alberta credit union system’s statutory and non-statutory liquidity pools, as well as key responsibilities related to capital management, asset-liability management, treasury and liquidity management, and financial risk management.

In addition, the CIO has executive oversight of clearing and settlement activities in coordination with system payment entities, as well as the provision of other financial products and services, including commercial lending.

Uniquely, the CIO provides executive oversight over the following core functional areas:

  • Investment, treasury, and liquidity management: Executive oversight of the statutory and non-statutory liquidity pools through a disciplined approach to investment management, asset-liability management, capital planning, and liquidity optimization. The CIO ensures alignment with regulatory requirements, board policy, and risk appetite, while also developing treasury solutions such as derivatives and foreign exchange to meet the evolving needs of Alberta credit unions within a formal liquidity management framework.
  • Payments and settlement: In support of Alberta Central’s role as payments connector for credit unions, the CIO ensures effective coordination with system payment entities and maintains reliable and modernized clearing and settlement capabilities.
  • Commercial lending: While a smaller segment of the role, the CIO oversees the commercial syndicated mortgage portfolio, as well as other lending programs, including the employee mortgage loan program, affiliate and joint venture lending programs, and the mortgage pool purchase program.

Operating in a highly regulated financial institution, the CIO ensures risk-conscious financial leadership while identifying opportunities to evolve Alberta Central’s role in a shifting ecosystem. This includes supporting transformational change, modernizing systems, and preparing for the future of payments.

As a key member of the executive team, the CIO works closely with the Board of Directors and serves as a strategic partner to major stakeholders, including Servus Credit, smaller Alberta credit unions, other centrals, regulators, and rating agencies.

 

Broader Accountabilities

  • Contribute to the strategic direction of the organization as a member of the executive leadership team and lead the development operating plans for all areas of responsibility, ensuring objectives are aligned with the corporate strategy.
  • Lead all aspects of people management within areas of responsibility, including work culture, recruitment, delegation and monitoring of work, and performance management.
  • Oversee the investment management of the credit union system’s statutory and non-statutory liquidity pools, including credit union deposits and lending, in accordance with regulations, board policy, risk appetites, and a formal liquidity management framework.
  • Oversee the broader management of Alberta Central’s balance sheet and capital, ensuring that assets and liabilities are managed in accordance with regulations, board and operational policies, and risk appetites.
  • Oversee Alberta Central’s functions related to clearing and settlement, including working closely with other entities in a complex payments ecosystem.
  • Oversee the management of the organization’s investment portfolio and the commercial syndicated mortgage portfolio, ensuring the portfolios are managed in accordance with regulations, board and operational policies, and risk appetites.
  • Oversee other lending programs, including the employee mortgage loan program, affiliate and joint venture lending programs, and the mortgage pool purchase program.
  • Lead the work with rating agencies.
  • Contribute to the enterprise budgeting process, and to manage budgetary costs while delivering effective results for areas of responsibility.
  • Provide risk management oversight related to financial services matters, including the development of policy and risk appetite frameworks, risk monitoring and reporting, risk mitigation, and ensuring a strong risk and compliance culture.
  • Act as a subject matter expert in functional areas of expertise to the Board of Directors and other internal/external stakeholders as appropriate.
  • Establish and maintain relationships within the credit union system to ensure that the organization is meeting their business needs, and where needed, supporting them in mitigating gaps in their treasury functions (i.e. derivates, foreign exchange, etc.).
  • Represent the organization on various boards, committees, industry task forces, or advisory groups.

 

The Individual

The Chief Investment Officer (“CIO”) is a seasoned financial executive with deep expertise across portfolio management, treasury and liquidity strategy, and financial risk management, ideally gained within the credit union system or broader Canadian financial services sector.

With a proven track record of overseeing significant assets under management, the CIO brings both the technical acumen and executive presence to lead in a highly regulated, complex, and stakeholder-rich environment.

The ideal candidate brings hands-on experience in payments, clearing, and settlement — key to Alberta Central’s unique role in supporting system-wide payment infrastructure. Adept at balancing long-term strategy with tactical execution, the CIO demonstrates strong judgment in navigating diverse responsibilities across treasury, payments, and commercial lending.

A collaborative, results-driven leader, the CIO is capable of stewarding transformational change in response to the evolving payments ecosystem and credit union landscape. With a focus on innovation, operational excellence, and stakeholder trust, the CIO fosters high-performing teams and drives a culture of accountability, agility, and continuous improvement.

 

Key Qualifications

  • 15+ years of relevant investment management experience, including 5+ years in a senior management role.
  • Significant portfolio management, treasury management, or financial risk management experience; ideally, expertise in payments, clearing, and settlement with knowledge of Payments Canada rules and processes.
  • Knowledge or experience in lending or credit risk is highly desirable.
  • Strong knowledge of the credit union ecosystem, partners, and systems preferred.

Education

  • A post-secondary degree in business administration, economics, finance, commerce, or related discipline.
  • Certification as a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or other similar financial designation.

 

What Alberta Central Offers

Alberta Central is committed to fostering a corporate culture that is market responsive, innovative, and flexible, with a workplace environment in which everyone in the organization feels aligned with common goals and values. At Alberta Central, we are fueled by our values, which ask each employee to be brave, innovative and community focused.

For 2025, we were selected as one of Alberta’s Top 85 Employers thanks to the many things that make Alberta Central such a great place to work, including our dedicated employees, flexible work schedule, learning and development opportunities, comprehensive benefits package and more.

Alberta Central is also an Employer Partner of the Canadian Centre for Diversity and Inclusion (CCDI), which demonstrates our commitment to working to achieve diversity, equity and inclusion success by leveraging the extensive resources, learning materials and a comprehensive Knowledge Repository available from the CCDI.

Our Perks

  • Competitive compensation and a short-term incentive program
  • Comprehensive benefits plan and co-operative pension plan
  • Learning and development opportunities and continuing education
  • Open concept environment and office space located near transit in the Beltline
  • Hybrid work options and flexible work from home locations
  • Friendly team atmosphere and casual dress environment
  • Free banking services and free access to an in-house fitness facility

 

About Alberta Central

Alberta Central is the central banking facility and trade association for Alberta’s credit unions.

The organization’s innovative products and services, thought leadership, and advocacy on priority issues advance the collective voice of the credit union system, working to increase awareness of the credit union difference.

For Alberta Central, credit unions come first in everything we do. The organization works to connect credit unions to the products, services and partnerships they need to be market leaders.

Alberta Central is owned by 12 credit unions across Alberta that together have more than $34 billion in system assets and serve more than 718,000 members at 199 branches across the province.

  • Vision: In a vibrant and growing credit union system, Alberta Central is a hub of financial services innovation and a strategic system leader.
  • Mission: We connect credit unions to the products, services, knowledge and partnerships they need to be successful and to grow.

Key Services

Key services provided to credit unions by Alberta Central include:

  • Treasury & Lending Services: We are lending and liquidity management leaders. Overseeing a pool of deposits, Alberta Central helps credit unions meet their cash and liquidity needs. In addition, the organization provides lending services to credit unions, offers commercial loan syndication, and provides foreign exchange services and investment products.
  • Investment/Portfolio Management: Alberta Central has investment oversight of statutory and non-statutory liquidity pools, managed through a disciplined approach to investment management, asset-liability management, capital planning, and liquidity optimization, in alignment with regulatory requirements and a formal liquidity management framework.
  • Clearing and settlement payment services: In collaboration with Alberta Central’s joint venture payment entities, Alberta Central provides Alberta credit unions with clearing and settlement services. The organization’s liquidity pool serves as a source of liquidity and collateral for settling payments in the credit union system.

Looking Ahead

Alberta Central’s strategy for 2024 to 2026 looks to specifically enhance and elevate three distinct but interconnected roles they wish to play in the system of the future. These roles are focused on leadership and collaboration within a complex ecosystem that includes a growing network of vendors and partners and an everchanging environment, and includes:

  • Offering financial, trade and support and other services to credit unions and system affiliates as a system services provider.
  • Playing a fundamental role in payments, clearing and settlement for all credit unions, including direct responsibilities with respect to clearing and settlement, membership with national payment institutions, and coordination within the system’s payments and settlement ecosystem as a payments connector.
  • Playing a significant role as it relates to ownership and governance of system-owned affiliates.

People & Culture

A leader in offering their employees an exceptional place to work, Alberta Central is a 2025 recipient of Alberta’s Top Employers (2025) award.

Additional Information

Please visit the Alberta Central website at albertacentral.com for more information about their vision, mission, and services, as well as their leadership team and Board of Directors.

Learn more about the Credit Unions of Alberta brand, which is what we use to share the credit union difference in the community, at albertacreditunions.com or by following us on social media at the links below.

 

Inclusion and Equal Opportunity Employment

At Alberta Central we believe that a diverse, equitable, and inclusive environment is essential to the success of our organization. We are committed to fostering a workplace that creates a culture of belonging where every employee is empowered to reach their fullest potential.

Prioritizing inclusivity in our hiring practices we are dedicated to embracing differences in background, experience, thought, and identity and strive to create an environment where everyone has equal opportunity to thrive and grow. Our commitment to DEI is rooted in the belief that a wide range of perspectives strengthens our ability to innovate with the purpose of moving the Alberta credit union system forward.

 

To express your interest in this position, click here https://masseyhenry.thriveapp.ly/job/97

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