Recruitment posting
Alberta Investment Management Corporation
Competition #: 364
Ministry : Treasury Board and Finance
Opening Date :
closing Date :
Role : Board Member
It is recognized in Alberta as a fundamental principle and as a matter of public policy that all persons are equal. Diversity and inclusion are valued and supported on the boards of Alberta's public agencies.
The President of Treasury Board and Minister of Finance is seeking applications from individuals interested in serving as a Member of Alberta Investment Management Corporation (AIMCo) Board of Directors (Board).
**NOTE: This opportunity was initially posted on the Government of Alberta On-line Job board under Competition Number 1036877 and has been re-posted on this site. If you have applied on this opportunity via the GOA On-line Job Board, you DO NOT need to apply on this site. Applications received from both sites will be fully considered. **
AIMCo was established in 2008 as a crown agency of the Province of Alberta and is committed to the highest standards of corporate governance.
The purpose of the organization, as stipulated in the Alberta Investment Management Corporation Act (AIMCo Act) is to provide investment management services to designated entities that include 31 Alberta-based Pension Plans, Endowment Funds and Government Accounts. All AIMCo Board Members are fully independent of management.
In accordance with the AIMCo Act, the Board is responsible for overseeing the management of the business and affairs of AIMCo. Oversight accountability rests in a number of areas, some of which include:
- Investment Strategy;
- Risk Management;
- Strategy and Planning;
- Policy and Governance;
- Client and Stakeholder Relations; and,
- Organizational Performance and Accountability.
The Board has established four standing committees, which assist the Board in discharging its responsibilities.
- The Investment Committee oversees and considers the investment activities, risk management and operations of AIMCo, reviews investment and risk-related reports from management, and votes on specific investment-related matters.
- The Audit Committee oversees financial reporting processes, development and implementation of internal audit and financial control policies, and compliance with said policies and applicable laws and regulations.
- The Governance Committee oversees the policies, processes and procedures that comprise AIMCo’s corporate governance framework. This includes overseeing terms of reference for the Board and each Board committee, conducting Board evaluations, and generally ensuring the principled, effective continuing operation of the Board.
- The Human Resources and Compensation Committee oversees the human resources strategy, philosophy and policies of the Corporation and offers insight to ensure these are aligned with corporate objectives. The Committee similarly reviews organizational structure, management development and succession, and compensation practices with the support of an external consultant, who is accountable to Human Resources and Compensation Committee.
AIMCo is seeking individuals to serve as Board Members who are fully informed on matters related specifically to AIMCo’s mandate. Applicants must have the following qualifications and experience:
- deep financial experience, ideally including deal structuring, investing, and sufficiently strong asset management knowledge to be able to engage with AIMCo’s clients;
- strong understanding of financial markets (public and private), defined benefit pension arrangements and ideally sovereign/endowment structures;
- experience with risk management and governance, both enterprise and investment;
- considerable board and/or executive business experience; and,
- clearly demonstrates personal qualities of integrity, credibility and passion for exceeding the expectations of AIMCo’s stakeholders and ultimate beneficiaries.
AIMCo and its Board recognize and fully support the principles of diversity and inclusion.
Remuneration rates are set by the Alberta Investment Management Corporation Act Remuneration Regulation (Alberta Regulation 167/2007).
Remuneration includes an annual retainer and meeting honorarium. The annual base retainer for a Board Member is $20,000/year. Board Members also receive a fee of $1,000/meeting for Board and Board committee meetings.
Travel expenses for attendance at Board meetings are reimbursed as per AIMCo expense guidelines.
The AIMCo Board meets five times per year, plus ad hoc Board committee meetings as required. Board meetings are held in Edmonton, Calgary or Toronto.
Applications received through the e-PAAS system will be forwarded to AIMCo.
For additional information on this opportunity, please contact Ms. Angela Fong, Chief Corporate & Human Resources Officer.
Ms. Angela Fong
Alberta Investment Management Corporation
1100, 10830 – Jasper Avenue
Edmonton, Alberta, T5J 2B3
E-mail: angela.fong@aimco.alberta.ca
Telephone: (780) 392-3600
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, a cover letter and other documents can be uploaded and attached at this time 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 HR contact provided.
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 http://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, public agency and position appointed to, appointment term and remuneration received.