Chairperson - AMENDMENT, Canada Deposit Insurance Corporation

Canada Deposit Insurance Corporation 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. It also serves as Canada's resolution authority, ready to act when any of its members begins to show signs of distress.

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

The Chairperson, through their leadership of the Board and oversight of the Corporation’s operations, plays a critical role in managing approximately $1 trillion in credit risk on behalf of the federal Government in the form of eligible deposits at Canadian banks and other member institutions.

In meeting these and related challenges, the Chairperson provides leadership to the Board in helping the Corporation achieve its mandate of protecting the public interest with respect to ongoing confidence in and stability of Canada’s financial system, in line with relevant legislation, statutes, and governance instruments. The position is required to ensure the ongoing development of expertise to identify, develop and pursue approaches to support and deliver on the Corporation’s mandate and its responsibilities as Canada’s Deposit Insurer and Resolution Authority.

The Chairperson oversees the proper functioning of the Board, in accordance with the Board Charter, by presiding at its meetings, organizing and managing the business of the Board, and overseeing the work of its committees. The Chairperson ensures the Board stays focused on strategic issues; facilitates the delivery of accurate, timely and clear information to the Board to enable it to successfully carry out its responsibilities; and seeks information flow between meetings and provides feedback to directors.

More information on Canada Deposit Insurance Corporation 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 achieve 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.

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 as a senior executive of a public and / or private organization, a financial institution, a professional services firm, or a government / Crown Corporation with a similar mandate and importance to Canadian financial stability;


• Experience dealing with government, preferably senior government officials, in addition to experience developing and maintaining effective working relationships with key stakeholders;


• 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;


• Experience 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, fintech)


• Regulation / Compliance crisis management / Logistics


• Mergers and Acquisitions / Corporate restructuring / Insolvency




• Experience in negotiating and finalizing deals in contract negotiation, partnership development, and in achieving mutually beneficial agreements;


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


• Experience serving as a member of a board of directors, preferably as chair.

Knowledge, Skills and Abilities

• Knowledge of the mandate and activities of Canada Deposit Insurance Corporation, its public policy priorities and its legislative framework, including the Canada Deposit Insurance Corporation Act and the Financial Administration Act;


• Knowledge of the roles and responsibilities of a chair, board of directors, and CEO of an organization of meaningful size and complexity;


• Knowledge of strategic corporate planning, monitoring and evaluation of corporate performance and the federal government’s expectations with regard to accountability, public policy environments, processes and best practices;


• Knowledge of current domestic and international financial sector issues, including emerging risks and strategic challenges facing service providers;


• Ability to lead the Board of Directors in setting and reflecting a culture of trust and transparency, while providing informed, fearless, and impartial advice to the Minister and Parliament;


• Ability to develop and maintain effective working relationships with the Minister of Finance and the Minister’s Office, the Deputy Minister, and the Corporation’s stakeholders;


• Ability to foster debate and discussions among board members, facilitate consensus and manage conflicts; and


• Ability to anticipate and address emerging issues and develop strategies to enable the Board of Directors to seize opportunities, resolve problems that may arise and adapt the approach as situations change.

Language Requirements

Proficiency in both official languages would be preferred.

• Business acumen


• Timely decision-making


• Intellectual horsepower


• Strategic agility


• Superior conflict management and interpersonal skills


• Integrity and accountability


• Flexibility, tact, and diplomacy


• Priority setting


• Managing with vision and purpose

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 Forms and reference material.


• All appointees will be 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 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.


• Appointees must uphold the highest standards of probity and are expected to demonstrate behaviors 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 behaviors 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.


• The appointee must be a Canadian citizen ordinarily resident in Canada (statutory)


• The appointee may not be a member of the Senate or House of Commons or a member of a provincial legislature (statutory)


• The appointee may not be a director, officer or employee of a federal institution, provincial institution or a local cooperative credit society (statutory)


• The appointee 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 here) will begin on September 16, 2024. 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.