Director, Canada Development Investment Corporation

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Position title:
Per diem:
$450.00 - $600.00
Annual retainer:
$6,600.00 - $8,000.00
Toronto, Ontario
Application Review Date:
March 23, 2022
Opportunity number:

Canada Development Investment Corporation, a federal Crown corporation, is the Government of Canada’s primary resource for the evaluation, management and divestiture of commercial assets. Canada Development Investment Corporation’s primary objective is to carry out its activities in the best interests of Canada, operating in a commercial manner. The Corporation reports to Parliament through the Minister of Finance.

Canada Development Investment Corporation has four direct wholly-owned subsidiaries: Canada Hibernia Holding Corporation, Canada Eldor Inc., and Canada TMP Finance Ltd. and Canada Enterprise Emergency Funding Corporation. Canada Hibernia Holding Corporation owns and manages the federal working interest in the existing Hibernia offshore oil development project. Canada Eldor Inc. has no operations, but has responsibility for servicing liabilities, chiefly arising from the 1988 agreement of purchase and sale with Cameco Inc. Canada TMP Finance Ltd. is the parent of Trans Mountain Corporation which controls and manages the Trans Mountain pipeline and related assets. Canada Enterprise Emergency Funding Corporation is the administrator of the Large Employer Emergency Financing Facility. Canada Development Investment Corporation is also responsible for the administration of the Government’s net profits interest and incidental net profit interest in the Hibernia project.

Canada Development Investment Corporation’s Board of Directors is composed of six (6) members plus the Chairperson and President and Chief Executive Officer (if any). The Board is responsible for the stewardship of Canada Development Investment Corporation and oversees its affairs, including ensuring that its assets, liabilities and subsidiaries are managed in a cost effective manner.

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 or other post-secondary institution in a relevant field of study (e.g., finance, commerce, accounting, law, public administration, etc.) or an acceptable combination of education, job-related training and/or experience;

  • Experience in making or recommending decisions which have large financial or public policy implications;

  • Experience as a director on at least one Board of a medium or large commercial or Crown corporation including experience on at least one sub-committee of that Board;

  • Experience in risk assessment and management;

  • Experience evaluating, structuring  and completing investments in commercial businesses at all levels of the capital structure (all forms of debt and equity);

  • Experience managing commercial investments/assets with a view to maximizing financial value, including divestiture/M&A experience;

  • Experience in finance (e.g., banking, capital markets, institutional finance, corporate finance, project finance);

  • Experience in interacting with businesses in multiple industries and activities; and

  • Experience in any of the following would be considered an asset:

    • Experience in working with federal/provincial government departments and senior government officials of those departments;

    • A professional accounting or finance accreditation;

    • Experience in a commercial capacity in the natural resources sector or the infrastructure sector;

    • Experience in serving on the audit sub-committee of a commercial or Crown corporation Board of Directors;

    • Experience in managing human resources;

    • Experience in the management or governance of the development of major projects;

    • Experience in divestitures of commercial entities or assets; and

    • Experience in working with Indigenous communities in Canada.

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 Canada Development Investment Corporation;

  • Knowledge of corporate governance principles and best practices;

  • Financial literacy (i.e., ability to read, understand and analyze financial statements);

  • Policy and financial judgement, including an ability to assess and manage risk;

  • Knowledge of corporate and project finance;

  • Informed judgment: the ability to provide wise counsel and consider strategic impact and relevant stakeholder perspectives;

  • Ability to quickly grasp complex business issues;

  • Sound policy judgment;

  • Sound financial judgment;

  • Strong communication skills and the ability to influence others appropriately;

  • Ability to work in a collegial fashion, respecting the differing views of others; and

  • Commitment to the Canadian public interest.

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:

  • Strategic thinking

  • Sound judgment

  • High ethical standards, integrity and accountability

  • Superior interpersonal skills

  • Tact and diplomacy

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 Conflicts 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.

  • Canada Development Investment Corporation directors are also subject to the conflict of interest provisions in the Financial Administration Act and the Canada Business Corporations Act as well as those in Canada Development Investment Corporation's by-laws. Canada Development Investment Corporation's board is also subject to a Canada Development Investment Corporation -specific Director Code of Conduct, including conflict of interest guidelines. These statutes and the Canada Development Investment Corporation Director Code of Conduct will not necessarily prevent a person with a conflicting interest from becoming a board member but will limit the ability of that individual to participate in decisions of the Board on certain matters in which that director has a conflicting interest.

  • Typically directors can expect to spend 10 to 12 days per year at in person Board meetings plus occasional Board meetings held via conference call. Full board meetings typically require two full days and additional travel and preparation time. Most board members serve on one or more committees of Canada Development Investment Corporation and on the boards and committees of one or more of its subsidiaries. The successful candidate must be willing to travel across Canada to participate in these meetings in person.

  • No officer or employee of the Canada Development Investment Corporation or any of its affiliates, other than the chief executive officer, shall be a director of the Canada Development Investment Corporation (statutory).

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 here) will begin on March 23, 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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