Recruitment posting
Alberta Pensions Services Corporation
Competition #: 326
Ministry : Treasury Board and Finance
Opening Date : 2016/10/14
closing Date : 2016/11/11
Role : Board Directors
The Minister of Treasury Board and Finance is seeking applications from individuals interested in serving as a Board Director of the Alberta Pensions Services Corporation (APS). There are two (2) vacancies.
Alberta Pensions Services Corporation is one of Canada’s largest public sector pension plan administrators and has a major role in pension administration in Alberta which includes seven statutory pension plans and two supplementary retirement plans. APS provides pension expertise and services for Alberta’s members, pensioners, employers, plan governors, and the Government of Alberta.
Accountable to its sole shareholder, the President of Treasury Board and Minister of Finance, the Corporation’s Board of Directors is composed of ten members and is seeking to fill two vacancies.
Mission
On behalf of the Trustee, obligations for risk managed, efficient and effective pension services are met; and the needs of plan beneficiaries, employers, and plan governors are met at a cost that demonstrates good stewardship of resources.
Vision
Alberta Pensions Services is highly valued and trusted to:
- Provide clear information and support
- Deliver service with skill and care
- Meet obligations and keep promises
- Demonstrate the value of pension plans
- Make the pension experience easier
Guided by shared values, our employees make it possible.
Values
All employees at APS take pride in doing the right thing, embracing our organizational values of:
- Quality – what we do, we do well
- Accountability – we take responsibility
- Service – we make every interaction count
- Responsible for the governance of APS and overseeing the management of its business and affairs and directs and oversees APS operations, subject to constraints by or under applicable legislation or constituting documents;
- Accountable to the Minister for the performance of APS;
- Approves and monitors the strategic plan, business plan, budget and performance results of APS;
- Establishes and administers a code of conduct and ethics governing the conduct of the Board and APS employees, and assures itself on a regular basis that APS has an ongoing, appropriate, and effective process for ensuring adherence to the code;
- Oversees, on a regular basis, compliance with all relevant policies, procedures, and standards by which APS operates and assures itself that APS operates at all times in compliance with applicable laws and regulations;
- Assesses any significant risks to which APS is exposed and assures itself on a regular basis that APS has ongoing, appropriate and effective risk management processes and policies;
- Monitors the financial performance of APS; oversees the effectiveness of internal controls and reporting systems and obtains advice from the Office of the Auditor General, and assures itself that the financial results are reported on a timely and regular basis and in accordance with any legislated requirements and generally accepted accounting principles;
- Makes recommendations to the Minister regarding the appointment of the CEO;
- Sets the CEO’s responsibilities, monitors and evaluates the CEO’s performance and recommends to the Minister the CEO’s compensation;
- Establishes and annually reviews the CEO succession plan, and assures itself, on a regular basis, that the CEO maintains an updated succession plan for key APS staff positions;
- Identifies appropriate governance policies and processes to assist APS in fulfilling its mandate, including the frequency and structure of meetings;
- Establishes such committees as it considers necessary to carry out its duties and ensures that a written mandate for each committee is approved and reviewed annually;
- When appropriate, ensures that all material developments and significant emergent issues related to APS and the delivery of its mandate are disclosed to the Minister on a timely basis;
- Provides an orientation process, training and ongoing development opportunities for Board members;
- Ensures that the Board, through a process led by the Chair, conducts an annual evaluation and review of the performance of the Board, its committees, the Chair, and individual Board members;
- Reviews and approves all accountability documents, as described in section 7 of this Document; and
- Notifies the Minister of a vacancy for the position of CEO
Director candidates will be persons of integrity, respected by their peers, with an outstanding, successful and proven track record in their respective professions. They will have excellent decision making skills, strong understanding of business issues and financial matters, well-developed communication skills, with a client satisfaction focus.
One of the Director candidates must have executive level management experience in the area of financial reporting and audit, and related risk management oversight. The other will bring legal, regulatory and fiduciary experience to the position. Expert knowledge and experience in other additional competencies can include human resources, information technology, and governance facilitation. Established experience in developing and maintaining an environment where inclusiveness is practiced in addition to observable contributions to the diversity of our community is highly desirable.
Ideal candidates will have demonstrated leadership capability, successful senior executive experience, with a proven track record in their professions. Prior experience as a Board member, or in executive management of a relevant, substantial corporate entity, functioning under a structured governance model would be seen as an asset. The Directors will also bring experience in providing leadership and oversight of complex strategic planning processes. Pension administration industry knowledge and formal director training would be considered valuable assets.
Members of the Board will receive an annual retainer fee($5000) plus fees for each Board meeting attended and will be entitled to reimbursement for travel expenses. The amount of remuneration is currently under review.
Directors will be appointed for up to a three-year term with the possibility of reappointment.
The demands of this position require a flexible schedule to accommodate approximately five meetings a year that are generally held in Edmonton.
Interested parties can contact Boyden global executive search at (403) 410-6700 and are requested to submit a personal resume and any related materials in complete confidence to albertaopportunities@boyden.com
Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements.
Online applications are preferred. To apply, click on the 'apply' button, create or sign into your account in the ePAAS system; upload your resume, view the listing under Current Opportunities and click on 'submit application'. The uploaded resume will be automatically attached.
Provide a short (maximum 200 words) biography using the Biography template found under additional documents section. Your biography should contain general information about your education, experience, community involvement, skills, etc. Please note that biographies may be edited for length and clarity.
Once your biography and other required form(s) are completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography and other form(s) into the 'Drop files below or click to upload' section before clicking the 'apply' button.
If you are unable to apply online, please submit a cover letter and resume, quoting the recruitment posting competition number, to the contact provided on the posting. We thank all applicants for their interest. All applications will be reviewed to assess which candidates' qualifications most closely match the agency's requirements. Only those selected for interviews will be contacted to advance to the next step in the appointment process. You can check the status of each competition on-line at https://www.alberta.ca/public-agencies.cfm.
All potential candidates will be screened for potential conflicts of interest. Please Note: Successful applicants will have the following information about them made publicly available on the Public Agency Secretariat Website: name, biography, public agency, and position title.