Opportunities - Selection Processes
Directors, Canada Deposit Insurance Corporation,
We know that our country is stronger — and our government more effective — when decision-makers reflect Canada's diversity. Moving forward, the Government of Canada will use an appointment process that is transparent and merit-based, strives for gender parity, and ensures that Indigenous Canadians and minority groups are properly represented in positions of leadership. We will continue to search for Canadians who reflect the values that we all embrace: inclusion, honesty, fiscal prudence, and generosity of spirit. Together, we will build a government as diverse as Canada.
The overarching goal of the Minister of Finance is to use the fiscal and budgeting tools at the government’s disposal to implement its New Plan for a Strong Middle Class.
The Government of Canada is currently seeking applications from diverse and talented Canadians from across the country who are interested in the following positions:
Directors (part-time positions)
Canada Deposit Insurance Corporation
The Canada Deposit Insurance Corporation is a federal Crown corporation that provides insurance against loss of deposits and contributes to promoting the stability of Canada’s financial system. The Corporation protects deposits held at its member financial institutions. It is funded by premiums assessed on $739 billion of insured deposits in its 80 member institutions, which includes all of the major banks and trust companies.
The Board is responsible for administering the affairs of the Corporation and has all the powers required to govern, including the power to make by-laws. The Board of Directors annually reviews and approves business strategies to achieve Canada Deposit Insurance Corporation’s statutory mandate. Directors on the Corporation’s Board are obliged to act in the best interests of CDIC.
Further details about the organization and its activities can be found on the Canada Deposit Insurance Corporation's website.
Applicants who have already submitted their application earlier this year need not apply again.
Candidates must apply online by 11:59 p.m. Eastern Time on August 8, 2017, via the Governor in Council Appointments website. Your cover letter should be addressed to the Assistant Secretary to the Cabinet (Senior Personnel), Privy Council Office, and should be sent only through the online application.
Per diem: $360 - $420
Annual Retainer: $4,600 - $5,400
Official Languages and Diversity
The Government of Canada will consider bilingual proficiency and diversity in assessing candidates for these positions. You are therefore encouraged to include in your online profile your ability to speak and understand your second official language. Preference may be given to candidates who are members of one or more of the following groups: women, Indigenous Canadians, persons with disabilities, and members of visible minorities.
To be considered for one of these positions, please provide examples from your career that clearly demonstrate how you meet the following requirements in your application:
Education and Experience
- A degree from a recognized university in a relevant field of study, or an acceptable combination of relevant education and job-related experience;
- Experience serving as a member of a board of directors or as a senior executive of a public and/or private organization;
- Business experience in which a proven track record of business acumen, insight and judgement are demonstrated;
- Experience in one or more of the following areas: law; accounting; tax; finance; financial services sector (e.g., deposit taking, capital markets, insurance, asset management); information technology / fintech; regulation / compliance; crisis management / logistics; risk management; mergers & acquisitions / corporate restructuring / insolvency; talent management; communications / public or investor relations; and
- Experience relating to financial services, preferably deposit-taking institutions, would be considered an asset.
If you are selected for an interview, the following criteria will be assessed:
Knowledge, Skills and Abilities
- Knowledge of the mandate and activities of Canada Deposit Insurance Corporation and its legislative framework, including the Canada Deposit Insurance Corporation Act;
- Knowledge of current domestic and international financial sector issues and of public policy issues related to the Corporation’s mandate;
- Knowledge in one or more of the following areas: law; accounting; tax; finance; financial services sector (e.g., deposit taking, capital markets, insurance, asset management); information technology / fintech; regulation / compliance; crisis management / logistics; risk management; mergers & acquisitions / corporate restructuring / insolvency; talent management; communications / public or investor relations;
- Ability to anticipate emerging issues and impact on the Corporation and its stakeholders; and
- Ability to exercise independent judgment in deliberations and decision-making.
Proficiency in both official languages would be preferred.
If you move on to the next stage of the selection process, we will contact your references to verify how you have demonstrated the Experience requirements and the following Personal Attributes in your current and recently held positions:
- Sound judgment
- High ethical standards and integrity
- Superior interpersonal skills
- Commitment to ongoing learning
Eligibility Factors and Conditions of Employment
In your application, it will be important that you confirm your eligibility and commitment, consistent with the following:
- You cannot be employed in any capacity in the federal public administration or holds any office or position for which any salary or other remuneration is payable out of public moneys (statutory).
- You cannot be a member of the Senate or House of Commons, or a member or a provincial legislature (statutory).
- You cannot be a director, officer, or employee of a federal or provincial institution, or a local cooperative credit society (statutory).
Directors are expected to attend:
- Regularly scheduled Board meetings in person in Ottawa and across Canada (approximately six per year but may occasionally exceed this number);
- Regularly scheduled Board committee meetings in person in Ottawa (approximately four per year);
- Teleconferences as necessary; and
- Participate in annual and ongoing education programs.
If you are appointed to one of these positions:
You must comply with the Ethical and Political Activity Guidelines for Public Office Holders throughout your appointment as a term and condition of employment. The guidelines are available on the Governor in Council Appointments website, under Forms and reference material.
You will be subject to the Conflict of Interest Act. For more information, please visit the Office of the Conflict of Interest and Ethics Commissioner's website.
The CDIC Conflicts of Interest Code imposes certain restrictions on the ownership of shares in CDIC member institutions; copy is available upon request.
A link to this notice will be placed in the Canada Gazette to assist the Governor in Council in identifying qualified candidates for these positions. It is not, however, intended to be the sole means of recruitment.
A roster of qualified candidates may be established and may be used for similar opportunities.
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