Director, Canada Deposit Insurance Corporation

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Position title:
Per diem:
$360.00 - $420.00
Annual retainer:
$4,600.00 - $5,400.00
Ottawa, Ontario
Application Review Date:
November 14, 2022
Opportunity number:

The Canada Deposit Insurance Corporation (CDIC) is the federal Crown corporation that contributes to the stability of the financial system by protecting the deposits of Canadians at member institutions in the event of a failure. CDIC also serves as Canada's resolution authority, responsible for taking the lead when any of CDIC’s members reaches the point when it is no longer viable.

CDIC’s Board of Directors is responsible for administering the affairs of CDIC. The Board aims to be diverse and inclusive, working together to earn the trust of Canadians, the Minister and Parliament, by using their combined skills and experiences to make careful, rational, and well thought out decisions that fulfil CDIC’s mandate.

The Board is distinctive in its structure, with a Chairperson and six independent private sector directors who bring practical experience from the business world to the table, and a President and CEO as well as five public sector directors who provide knowledge of the financial, supervisory, and regulatory environment.

More information on CDIC and the role of its Board of Directors can be found on its website.

Diversity and Official Languages

We are committed to providing a healthy and accessible workplace that supports one’s dignity, self-esteem and the ability to work on one’s full potential. With this in mind, all appointees will be expected to take steps to promote and maintain a healthy, respectful, inclusive and harassment-free work environment.

Preference may be given to applicants who are members of one or more of the following groups: women, Indigenous peoples, persons with disabilities, and members of a visible minority group.

The Government of Canada will consider bilingual proficiency and diversity in assessing applicants. You are therefore encouraged to include in your online profile your ability to speak and understand your second official language.

To be considered, please ensure that the information provided in your curriculum vitae and cover letter clearly demonstrate how you meet the following requirements:

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, a financial institution or a government/Crown Corporation of a meaningful size, responsibility level and complexity similar of that of CDIC;

  • Experience in enterprise risk management, and in the interpretation and assessment of risk to inform decisions under both ordinary and extraordinary circumstances;

  • Relevant business experience in which a proven track record of business acumen, insight and judgement are demonstrated;

  • Extensive experience and accredited education in one or more of the following disciplines or sectors:

    • Accounting / Finance / Law / Corporate Governance

    • Financial services sector (e.g., deposit taking, capital markets, insurance, asset management)

    • Information technology / Fintech / Cybersecurity

    • Regulation / Compliance crisis management / Logistics

    • Mergers & Acquisitions / Corporate restructuring / Insolvency

    • Talent management / Organizational culture

    • Communications / Public or investor relations / Advertising, marketing or social media

  • Experience making decisions with less than complete information and being able to pivot as situations evolve; and

  • Experience relating to financial services, preferably deposit-taking institutions, would be considered an asset.

If you move on to the next stage of the selection process, the following criteria will be assessed:

Knowledge, Skills and Abilities

  • Knowledge of the mandate and activities of CDIC and its legislative framework, including the Canada Deposit Insurance Corporation Act;

  • Knowledge of the roles and responsibilities of a board of directors of a meaningful size and complexity;

  • Ability to set priorities and support the corporate vision needed to fulfill CDIC’s mandate and attain its objectives;

  • The ability to provide wise counsel while considering strategic impact and relevant stakeholder perspectives;

  • Ability to recognize and address emerging issues, adapt the approach as the requirements of the situation change, and work under pressure; and

  • Ability to exercise independent judgment in deliberations and decision-making.

Language Requirements

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 confirm that you meet the above selection criteria and that you possess the following Personal Attributes:

  • Informed Judgment

  • Integrity and Accountability

  • Superior Interpersonal Skills

  • Flexibility, Tact and Diplomacy

  • Strategic Thinking

Eligibility Factors and Conditions of Employment

  • Appointees must comply with the Ethical and Political Activity Guidelines for Public Office Holders throughout their appointment as a term and condition of employment. The guidelines are available on the Governor in Council Appointments website under the Forms and reference material.

  • All appointees are subject to the Conflict of Interest Act. Public office holders appointed on a full-time basis must also submit to the Office of the Conflict of Interest and Ethics 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.

  • Appointees must uphold the highest standards of probity and are expected to demonstrate behaviours in the workplace that afford respect, equality and dignity, to everyone they interact with at work at all times. The Values and Ethics Code for the Public Sector outlines the values and expected behaviours for public servants, including valuing diversity and creating workplaces free from harassment and discrimination. Governor in Council appointees are expected to uphold and respect these values and principles in a positive and active manner.

  • A person is NOT eligible to be appointed as a director on CDIC’s Board of Directors if he or she is:

    • 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 monies;

    • a member of the Senate or House of Commons of Canada or a member of a provincial legislature; or

    • a director, officer or employee of a federal institution, a provincial institution or a local cooperative credit society. (statutory)

  • The successful candidate must be willing to participate in a minimum of five Board and Committee meetings per year, primarily in Ottawa or Toronto, as well as a minimum of four ongoing education opportunities. Additional Board and Committee meetings may be held for strategic planning purposes or in special circumstances, as may be necessary.

A link to this notice will be placed in the Canada Gazette to assist the Governor in Council in identifying qualified candidates. It is not, however, intended to be the sole means of recruitment.

A list of qualified candidates may be established and may be used for similar opportunities.

How to Apply

Review of applications (more information available here) will begin on November 14, 2022. Candidates should apply online via the Governor in Council Appointments website. Candidates are strongly encouraged to submit their applications by this date. After this date, your application will be retained and may be considered up until an appointment to the position is made. Your cover letter should be addressed to the Director of Selection Processes, Senior Personnel Secretariat, Privy Council Office, and should be sent only through the online application.

Instructions on how to apply for an appointment opportunity can be found on the Governor in Council Appointments website.

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