Department of Finance Notice of Opportunity

Board Member of the Global Risk Institute in Financial Services
(part-time position, non-remunerated)

The Minister of Finance is currently seeking applications from experienced and talented Canadians from across the country who are interested in a position as a board member of the Global Risk Institute in Financial Services (GRI). Up to two positions are available.

Organization

GRI was founded in 2011 as an independent, not-for-profit financial research organization.

GRI's mandate is to support the continuous improvement of the financial services sector through applied research into the integrated management of risks, the advancement of risk education, professional development for practitioners, executives and boards, and the ongoing examination of issues of mutual interest for the financial services sector and public policy makers. GRI sponsors and participates in conferences throughout the year to enable financial market practitioners, academics and policy-makers to keep abreast of current developments in financial research. GRI also maintains an active research portfolio to bring further insights to industry concerns.

Position Summary

The Board of Directors consists of up to 20 directors, including two representatives appointed by the federal Minister of Finance, and meets at least four times a year. Each Board member serves on one of the following Board Committees:

  1. Finance and Audit Committee
  2. Membership, HR, and Compensation Committee
  3. Nominating and Governance Committee

Further information on GRI and its activities can be found on its website.

Information about GRI's Board of Directors can be found on its website.

English and French appointment opportunities will be produced in an alternative format upon request.

Official Languages and Diversity

The Government of Canada will consider bilingual proficiency and diversity in assessing candidates for this position. You are therefore encouraged to include in your application your ability to work effectively in both of Canada's official languages.

The Government of Canada is committed to promoting employment equity, diversity and inclusion that is representative of Canadian society and the nation's geographical regions. We therefore encourage women, Aboriginal peoples, persons with disabilities, and members of visible minority groups to indicate their interest for this opportunity, and declare themselves as part of one or more of the above-mentioned employment equity groups.

Essential Requirements

To be considered for this position, please provide examples from your education and career that clearly demonstrate how you meet the following criteria in your application:

  • Education
    • Master or PhD degree from a recognized university in a relevant field of study, or an acceptable combination of equivalent education, job-related training or experience.
  • Experience
    • In the areas of banking, pensions, asset management and insurance, and/or
    • Senior executive-level experience in risk management (i.e., C-suite level or Board member).
  • Knowledge, Skills and Abilities
    • Knowledge of corporate governance.
    • Ability to maintain an impartial and independent perspective and exercise sound judgment.
    • Ability to listen carefully, to analyze and ask relevant questions at the strategic level, and to consider the perspectives of various stakeholders.
    • Ability to foster a respectful and trusting environment where sound advice is valued and encourage expression of diverse opinions and perspectives while fostering collegiality.
    • Ability to understand situations and problems by addressing underlying issues and to leverage knowledge and experience and common sense to create consensus.
    • Ability to communicate effectively.
  • Personal Attributes
    • High ethical standards and integrity.

Asset Qualifications

  • Education
    • Possession of a generally recognized investment, financial management, business or law accreditation (e.g., CFA, FCIA, CPA, MBA, LL.B.).
  • Experience
    • Chief Risk Officer from a large financial institution, and/or
    • Chief Executive Officer of a globally-recognized firm, who may also be globally-recognized personally, and/or
    • International director with recognition in risk and finance, and/or
    • Being party to international Chief Executive Officer, Board of Director and international risk networks, and/or
    • Chairing a Risk Committee.

Additional experience in the areas of applied research, technology risk, and fundraising and attracting new members would also be considered valuable.

Eligibility Factors and Conditions of Nomination

Candidates must comply with the Ethical and Political Activity Guidelines for Public Office Holders applicable to federal Ministerial appointments.

Candidates are subject to the Conflict of Interest Act. For more information, please visit the Office of the Conflict of Interest and Ethics Commissioner's website.

Candidates must be willing to participate in a schedule of Board of Directors meetings as stipulated by GRI, as well as any requirements for participation in sub-committees, annual general meetings, or other such duties as may be required.

Travel

Candidates will need to be available to travel to Toronto, Ontario, as required.

Applications

Interested individuals should forward their curriculum vitae by July 17, 2017, to Senior Advisor, Parliamentary Affairs, Department of Finance by email at fin.appointments-nominations.fin@canada.ca. Your curriculum vitae must demonstrate that you meet the requirements and criteria of this position. A covering letter may also be submitted. For additional information, please email at marie-josee.lambert@canada.ca.

Please note that the applications of candidates who are deemed to meet the requirements of the position may be retained for a period of one year for future consideration.