Board of Director Role: Nominees representing the Child Welfare Sector on the Board of the OMERS Administration Corporation
Job Overview
Job title: Board of Director Role: Nominees representing the Child Welfare Sector on the Board of the OMERS Administration Corporation
Job description: Responsibilities
Role Requirements
OMERS has determine a number of critical dimensions that all directors must demonstrate competency and/or commitment to support effective board functions. The successful nominees will demonstrate capacity in the areas of:
Skills & Experience
- Independence and sound judgment
- Integrity
- Long-term, strategic outlook with a stewardship mindset
- Governance knowledge and experience at a major organization
- Knowledge of business issues and financial matters
- Demonstrated ability to operate effectively and collaboratively as part of a diverse team
Commitment
- Understand and exercise the Board’s fiduciary responsibilities Attend and contribute to Board and Committee meetings
- Devote the time and effort necessary to be an effective Board member
- Demonstrate commitment to the DB Model
- Obtain a recognized Director designation
Preferred Skills and Experience
In addition to the required competencies and commitments, preference will be given to candidates who have demonstrated experience in the following:
Pension Funding:
Actuarial accreditation or equivalent experience with complex retirement or insurance systems
Developed or advised on sustainability of pension plans or equivalent
Public Market Investing:
Led global capital markets portfolio including equities, fixed income and/or derivatives
Developed or designed a sophisticated capital markets investment strategy
Risk:
Designed, advised or oversaw an advanced risk management program
Managed risk and return dynamics in a complex investment and/or pension environment
Pensions – Administration:
Led plan or trustee administration program
Developed or advised on pension policy, regulation or design
For a full list of desired Board Member competencies, please click on the link:
Time Commitment
- Each Board appointment is for a 3-year term, with a 3-term maximum
- Approximately 250 hours per year, plus travel and education/training requirements
- Nominees should be prepared to make a significant contribution to the OAC Board in fulfilling its mandate. There are expectations placed on individual directors and there are policies governing Directors that nominees should be aware of, including:
- Code of Conduct
- Board Education & Expense Policy
- Personal Trading Policy
- Lobbying
- The fiduciary duty of the Board member is to the OAC Board. The OACAS appointee, representing the child welfare sector, will be expected to report to the OACAS Board of Directors and the OACAS Executive Leadership Section at least twice per year.
Qualifications
How to Apply
Please apply online by February 4, 2022 at 5:00 pm Eastern Daylight Savings Time (EDT). We thank all candidates for their interest; however only those considered for an interview will be contacted.
APPLY ONLINE at by February 4, 2022 at 5:00 pm Eastern Daylight Savings Time (EDT). Please attach a cover letter and resume in one file.
We thank all candidates for their interest; however only those considered for an interview will be contacted.
Potential nominees will be contacted by the OACAS to schedule an interview with a recommendation panel comprised of members of the OACAS Board of Directors. All interviews will be scheduled in mid-February.
Following the interview process, up to three (3) nominees will be selected by the OACAS Board of Directors and forwarded to the OMERS Sponsors Corporation for consideration by March 21, 2022.
The CGC will conduct background checks and have scheduled interviews for nominees with the OMERS Selection Committee by no later than August 31, 2022.
CGC will make a recommendation to the SC Board with respect to the nominee(s) by September 30, 2022.
Commitment to Equity & Diversity
OACAS is committed to building a diverse workforce representative of the communities we serve. We encourage and are pleased to consider applications from all qualified candidates, without regard to race, colour, citizenship, religion, sex, marital / family status, sexual orientation, gender identity, aboriginal status, age or disability.
Accommodation at OACAS
We are committed to a selection process and work environment that is inclusive and barrier free. Accommodation will be provided in accordance with the Ontario Human Rights Code. Applicants are required to make any accommodation requests regarding the application, interview or selection process known in advance by contacting the Human Resources Department at 416 987-9853. Human Resources will work together with the hiring committee to arrange reasonable and appropriate accommodation for the interview or selection process which will enable you to be assessed in a fair and equitable manner.
Company: Ontario Association of Children’s Aid Societies
Expected salary:
Location: Toronto, ON
Job date: Thu, 20 Jan 2022 06:25:05 GMT
Job Source: Careerjet.ca