Opportunities - Selection Processes
President and CEO, Canada Infrastructure Bank,
Appointment Opportunity (anticipatory)
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 Infrastructure and Communities is to begin to rebuild Canada for the 21st Century.
The Government of Canada is currently seeking applications from diverse and talented Canadians from across the country who are interested in the following position:
President and CEO (full-time position)
The Canada Infrastructure Bank
The new Canada Infrastructure Bank is being established to initiate and invest in large revenue-generating infrastructure projects that provide public benefits and contribute to the long-term sustainability of infrastructure across Canada. The Bank will be mandated to invest $35 billion into projects where the Bank’s participation will serve as a catalyst for new forms of additional private investment into infrastructure in Canada. The Bank will also act as a center of expertise on infrastructure transactions involving private sector investment and provide advice to all levels of government in that context. In addition, the Bank will lead a data initiative to improve knowledge on the state of municipal and provincial infrastructure, as a basis for informing investment decisions and establishing priorities.
The Bank will operate as a commercial enterprise, at arms-length from government, but will be accountable for investing prudently within the context of government policy priorities.
Reporting to a Board of Directors, the President and CEO will provide overall strategic business leadership for the Bank. As the first President and CEO, you will be responsible to set the course and direction for this new Crown Corporation including creating the strategy, establishing investment policies and procedures, building and attracting a highly skilled and motivated team with the appropriate corporate culture. The President and CEO will lead partnerships with domestic and global institutional investors (including financial institutions, pension funds, sovereign wealth funds, asset managers or investment funds) and with public sector proponents to develop and execute innovative infrastructure financing transactions. The President and CEO will also be required to engage with provinces, territories and municipalities and the private sector, in support of the Bank’s mandate.
Candidates must apply online by 11:59 p.m. Eastern Time on July 28, 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.
An appointment to the position will only be made once the legislation to create the Canada Infrastructure Bank has been approved by Parliament and receives Royal Assent.
Position Location: Toronto, Ontario
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 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 this position, please provide examples from your career that clearly demonstrate how you meet the following requirements in your application:
Education and Experience
- A university degree (preferably at the Master’s level) from a recognized institution in a business discipline (e.g. business, finance, economics) or a comparable background of education, business training and experience;
- Extensive experience at the executive level of an organization in the financial sector (such as a financial institution, pension fund, asset manager or investment fund) with significant size and scale, including managing human and financial resources and operating within a complex governance structure (e.g. a Board of Directors with responsibility for approving credit and investment decisions);
- Recognized leader in Infrastructure industry with extensive experience overseeing and executing infrastructure financing transactions with domestic and global institutional investors, including due diligence, underwriting and negotiation for debt and equity investments;
- Extensive leadership experience in corporate governance including leading the implementation and oversight of best practices in attracting and developing talent and risk management frameworks;
- Extensive experience advising, consulting and sharing expertise with clients and stakeholders such as other levels of government, financial institutions or corporations; and
- Experience in leading and/or managing the transition of building a new organization would be considered an asset.
If you are selected for an interview, the following criteria will be assessed:
Knowledge, Skills and Abilities
- Knowledge of infrastructure finance lending practices, investments and transaction structures;
- Knowledge of the complexities associated with multi-billion dollar projects (e.g. multiple counter-parties, economic forecasting, development, construction and project management);
- Knowledge of current issues and challenges associated with deploying private sector financing to support major infrastructure projects;
- Knowledge of the Canadian infrastructure landscape and the roles of the federal, provincial-territorial and municipal governments;
- Knowledge of sound corporate governance and management principles and practices and the financial management requirements, particularly risk management, of an investment fund;
- Knowledge of the Government of Canada’s governance framework for Crown corporations;
- Ability to generate new and creative infrastructure financing solutions, in collaboration with private sector stakeholders seeking to maximize their own returns;
- Ability to attract highly skilled talent and focus their energies to achieve corporate and financial objectives;
- Ability to establish senior level relationships in the Canadian and global infrastructure sector;
- Ability to balance the commercial orientation of the organization with public policy responsibilities;
- Ability to develop effective working relationships with the Board of Directors, the Minister of Infrastructure and Communities, the Minister of Finance and the Corporation’s stakeholders and partners; and
- Superior communication skills, both written and oral, and an ability to manage the Corporation’s communications with a wide range of stakeholders.
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:
- Recognized strategic and innovative leader with global perspective
- Informed judgment, tact and discretion
- Excellent interpersonal skills
- Integrity and impartiality
Eligibility Factors and Conditions of Employment
In your application, it will be important that you confirm you meet the following requirements:
- You reside in or are willing to relocate to Toronto, Ontario or to a location within reasonable commuting distance
- You are willing to travel across Canada and internationally
- You are not less than eighteen years of age
- You do not have the status of bankrupt
- You are not employed in the public service of Canada or by a provincial, municipal or local authority
- You are not a member of the Senate or House of Commons or a member of the legislature of a province
If you are appointed to this position:
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. Public office holders appointed on a full–time basis must submit to the Office of the Conflict of Interest and Ethics Commissioner, within 60 days of appointment, a confidential report in which they disclose all of their assets, liabilities and outside activities. For more information, please visit the Office of the Conflict of Interest and Ethics Commissioner's website.
A link to this notice will be placed in the Canada Gazette to assist the Governor in Council in identifying qualified candidates for this position. 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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