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Head of Special Investments - Term Position (1541) Job in Canada
ATB Financial , Canada

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Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Mar 6, 2021
Last Date
Jun 6, 2021
Location(s)

Job Description

Listening to Albertans. Going deeper to understand who they are and where they’re going. Translating the complex world of banking and investing into brilliantly simple solutions. Through all this, we believe we can create happiness. This is the ATB way.


**This is a 3-6 month temporary position, with potential to be extended**

Job Number: REQ1451

Location: Alberta


The Head of Special Investments has a passion for making a difference and is committed to ATB’s evolution and success. Taking on this new role, you will be primarily responsible for making recommendations to executive leadership in relation to assets that are held, sold, or otherwise disposed of that have been acquired through loan recovery proceedings or workout. This role is accountable for day to day operations and management of the assets that are transferred into the ATB special purpose vehicle subsidiary corporations (SPVs). That includes the authority to retain managers, legal counsel and other third parties in alignment with ATB’s regulatory framework and within budget as approved by the SPV Investment Committee. The SPV leader will be responsible to provide reporting to applicable oversight committees as it relates to the portfolio and its performance. The role will interface with ATB’s internal and external partners and drive thoughtful and thorough analysis and due diligence to successfully complete transactions. Success will be dictated by the ability to consistently source and close transactions by leveraging network and industry recognized expertise.

The Head of Special Investments is a dynamic leader that motivates, grows, and engages team members to provide informed and sound consultation to all key stakeholders. The incumbent is expected to play a diverse role at ATB ranging from a trusted advisor to a change driver, creating value in both cases for the organization and its stakeholders. The person in this role will have a strong internal drive, an entrepreneurial spirit, and a passion for making a difference through their work. A trailblazer who constantly seeks new ways to learn and grow. This person, ideally, has experienced a severe economic downturn or shock, and participated in either the turnaround or challenges of asset management.


You will find success as:

  • A strong collaborator, connector, influencer and challenger who builds successful relationships across the enterprise, across industries, and with all key stakeholders
  • A highly adaptable driver of change with an innovative mindset to effectively shape the business in a rapidly changing environment.
  • You leverage the experience of professional team members to create customized solutions for the portfolio’s investment.
  • A strong leader with the ability to establish and communicate a motivating vision for the future while developing an effective and high performing team.
  • An effective decision maker that has the ability to take complex and diverse information and formulate a balanced and risk based decision that reflects our clients needs.
  • A highly agile individual that is able to move across a diverse range of issues, industries, investments and situations over the course of their day.

Key Responsibilities

  • Conceive, organize and implement deal sourcing strategies and service clients as the face of ATB’s special purpose vehicle subsidiary corporation.
  • Provide strategic advice on the composition and quality of the asset portfolio and make recommendations on when to monetize/exit positions. In unison with ATB Senior Leaders, continuously review the performance of the portfolio; initiating action to resolve current and future risks, understanding the current and future economic cycle, and what changes are necessary to respond to them.
  • Provide oversight to the SPV portfolio, ensuring the risk appetite and growth requirements of the organization are respected, the risk of the transaction is appropriately identified and managed, an appropriate decision is arrived at, and the process creates value and is effective.
  • Ensure an appropriate balance is maintained between managing the size and tenure of the SPV portfolios and the risk of loss. Facilitate a continuous review, monitor, measure, and evaluation of the strategies, policies, processes and practices to ensure they remain effective, create value to the organization, and consider the needs of our clients.
  • Design and document SPV processes and oversee the implementation of the SPV policy and monitor compliance to it.
  • Produce SPV program reporting in accordance with policy requirements.
  • Review applications for and conduct approved transactions in accordance with any specified transaction requirements and complete pre/post transaction quality reviews.
  • Identification, implementation and monitoring of controls.
  • Effective account management: prompt identification of problems.
  • Develop a vision and specific strategies to ensure the use of SPV’s supports ATB’s Strategy and business plans.
  • Work as a trusted partner with the Areas of Expertise and other Strategic Support Units.
  • Participating member of the SPV Investment Committee.


Key Relationships

  • Executive and Sr. Executive Leaders across the enterprise
  • SPV Investment Committee
  • Credit Oversight Committee
  • Strong peer relationships across multiple industries

Requirements

  • Skilled at building relationships and equally as committed to driving deals to a successful close
  • Financial acumen with experience in a variety of industries including real estate, oil and gas, and oilfield services
  • An aptitude for clear communication with the demonstrated ability to present in a professional manner
  • Proven success as a leader/manager with experience in restructuring, debt and equity instruments including risk and structuring thereof, and portfolio management skills
  • High energy and self-motivation
  • Understanding of capital markets including various alternative forms of debt
  • Ability to liaise and communicate with staff, managers, other senior executives
  • Masters Degree in Business Administration, Finance or related discipline with a commitment to continuous learning
  • Investment, Mamp;A, restructuring, and realization proceedings experience
  • Professional qualifications with a minimum of 12+ years relevant experience
  • CA, CFA, or CBV designation


At ATB, we know that highly talented people can readily transfer their skills. If you believe your skills and experience are transferable, please consider putting your name in the running.

Online applications are preferred. Please let us know if you require any accommodations.

Benefits

Purpose. Growth. Advancement. Fun. Rewards learn about our perks and benefits.

A little about ATB:

We are Alberta’s largest, home grown financial institution and for the last 80+ years, we’ve transformed people’s understanding of what banking canand shouldmake possible. Today, 5,500+ ATB team members embrace a growth mindset in order to help bring ATB’s story to life, delivering happiness to our customers and team members alike. It’s why we’re also a highly sought after, award-winning employer. The best part is, we’re just getting started. Join us, and create happiness.

To learn more about atb, visit atb.com or follow us on LinkedIn, Facebook and Instagram.

Job Specification

ATB Financial

Information Technology and Services - Calgary, Canada