Chief Executive Officer, Ontario Capital Growth Corporation

The Ministry of Economic Development and Growth/Ministry of Research Innovation and Science is looking for an experienced dynamic and strategic President and CEO of the Ontario Capital Growth Corporation (OCGC) – an agency that manages Ontario's venture capital investment portfolio of venture capital funds and companies.

For more information on the Ministry of Economic Development and Growth/Ministry of Research Innovation and Science please visit our webpages:
https://www.ontario.ca/page/ministry-economic-development-and-growth
https://www.ontario.ca/page/ministry-research-innovation-and-science

What can I expect to do in this role?

Reporting to the Deputy Minister and the Chair of the OCGC Board:

• Spear head the Agency's overall investment strategy and business plan as well as manage investor and stakeholder relations.

• Work with leading institutional investors and other levels of government to establish new venture capital funds in Ontario.

• Serve as the public spokesperson for the Agency and all interactions with a broad spectrum of companies, funds and investors – both locally and internationally.

• Manage the day-to-day operations of an Agency headed by a Board of public and independent directors, while also working within the requirements of relevant government directives and policies and liaising with Senior Executives in the Ontario Public Service.

• Provide the Board with advice on decisions related to investment opportunities based on sound judgement on investment matters and expertise in emerging markets and investment trends.

• Direct the development of a sound investment management strategies and financial risk, accountability and governance frameworks.

• Build strong partnerships and work collaboratively with internal/external stakeholders.

• Work with a team of other executives to develop market based processes regarding financial investment data management, quantitative data analytics/research and design sustainable financial risk governance frameworks.

How do I qualify?

Senior Leadership:

• You have experience leading in an operational environment and motivating high-performing teams while fostering a diverse and inclusive workplace through sound human resources practices.
• You are a strategic/transformational/innovative thinker that can plan strategically and can communicate a vision to those around you in transparent and easy to understand language.
• You are an effective communicator, negotiator/consensus builder and are able to work collaboratively with colleagues and divergent stakeholder positions.
• You have experience in financial matters and the financing of early stage growth companies.

Job Specific:

• You have demonstrated experience with financial instruments related to investments and economic growth, capital markets, fund services and financial asset risk management.
• You have in-depth knowledge of economic statements, government annual budget planning processes, fiscal planning and capital asset management.
• You have an understanding of the government's economic growth policy agenda, including an in-depth knowledge of investment financial risk management methodologies and best practices.
• You have proven experience with venture capital funds with the demonstrated ability to apply strategic and innovative thinking as it relates to the deployment/investment of funds.

Relationship Management:

• You have demonstrated ability to work collaboratively with senior executives in government, including external stakeholders and the broader public sector.
• You are comfortable working both in capital markets alongside corporate, institutional and other investors, and within government directives and policies.
• You have experience bridging varying cross-functional, horizontal interests/opinions and can resolve differences between internal/external partners and stakeholders.
• You maintain open lines of communication that sustain positive and productive relationships.
• You have proven experience managing complex relationships which include multiple internal/external stakeholders and have used consultative issues management techniques to build strong linkages with your partners.

All external applicants (including former employees of the Ontario Public Service) applying to a competition in a ministry or Commission public body must disclose (either in the cover letter or resume) previous employment with the Ontario Public Service. Disclosure must include positions held, dates of employment and any active restrictions as applicable from being rehired by the Ontario Public Service. Active restrictions can include time and/or ministry-specific restrictions currently in force, and may preclude a former employee from being offered a position with the Ontario Public Service for a specific time period (e.g. one year), or from being offered a position with a specific ministry (either for a pre-determined time period or indefinitely). The circumstances around an employee's exit will be considered prior to an offer of employment.

Remember: The deadline to apply is Sunday, February 5, 2017 11:59 pm EST. Late applications will not be accepted.

We thank you for your interest. Only those selected for further screening or an interview will be contacted.