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Alberta Indigenous Opportunities Corporation
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
Alberta Indigenous Opportunities Corporation (AIOC) is recruiting for up to two directors interested in serving on the Board of Directors (Board). Appointed by the provincial government through Indigenous Relations, the board of directors brings experience in Indigenous business, strategic planning, communications, corporate finance/investments, accounting, law and government relations. The board plays a critical role in executing AIOC’s mandate by providing the strategic guidance to make investment decisions that flow money into Indigenous communities.
Alberta Indigenous Opportunities Corporation (AIOC) was created as a crown corporation to enable greater Indigenous community investment in medium to large-scale projects that benefit Indigenous communities and the Alberta economy. Many Indigenous communities see sustainable resource development as a key to their prosperity, however, barriers such as access to capital continue to impede their participation. AIOC bridges the gap between Indigenous groups wanting to be commercial partners in energy, mining to forestry, agriculture, telecommunications, transportation, and related infrastructure sectors and their financial capacity. With a pledged financial backstop of up to $1 billion in Indigenous investments, AIOC will reduce the cost of capital for Indigenous groups and support their ability to raise capital to invest in projects. More specifically, AIOC will make loan guarantees for approved projects ranging between $20 million and $250 million in value, with the loan proceeds to be used by Indigenous partners to acquire equity stakes in low-risk projects, initiatives, or companies.
AIOC is building a strong market presence and continuing to attract opportunities to support Indigenous engagement and investment in projects involving natural resources from energy, mining to forestry, agriculture, telecommunications, transportation, and related infrastructure across the province. To further illustrate the work being completed by AIOC, in the first year and half of operation, the corporation supported 15 Indigenous communities with $158 million of loan guarantees to invest in three major projects.
Learn more about AIOC here.
The Board brings experience in Indigenous business, strategic planning, communications, corporate finance/investments, accounting, law and government relations as related to natural resource development including energy, mining and forestry, agriculture, telecommunications, transportation, and related infrastructure. The Board is responsible for the governance of AIOC, providing strategic direction, and overseeing the management of AIOC’s business and investment activity. The Board guides the strategic direction of AIOC; recruits, appoints, and evaluates the performance of the AIOC’s Chief Executive Officer; and approves and monitors AIOC’s business plan, operational plan, and financial results. The Board is accountable to the Minister of Indigenous Relations, and acts with professionalism, respect, honesty, integrity, accountability, and humility, leaving aside personal interests to further advance public interest and mandate of AIOC.
Additional key responsibilities include:
- Establish the strategic direction of AIOC within the legislative parameters.
- Engage in a strategic planning process including the consideration of the principal risks associated with AIOC’s business. The management of these risks will be assigned to the Chief Executive Officer and will be periodically reviewed by the Board.
- Identify and develop the business processes to assist AIOC in fulfilling its mandate including reviewing and updating governance documents and bylaws.
- Oversee compliance with all relevant policies, procedures and standards by which AIOC will operate and ensure that AIOC operates at all times in compliance with all applicable laws and regulations, and at the highest ethical standards.
- Prepare and provide to the Minister of Indigenous Relations, a business plan and annual report for each fiscal year in the form and at a time acceptable to the Minister.
Financial, risk and investment:
- Assess and evaluate merits and risks involved in project proposals and deals brought forth to AIOC and advise on funding and project approvals.
- Monitor the financial performance of AIOC and ensure that the financial results are reported in a timely and regular manner, and in accordance with any legislated requirements and the Generally Accepted Accounting Principles.
- Ensure compliance with AIOC’s Code of Conduct.
- Ensure that the Board, through a process led by the Chair (or a delegated committee), conducts an annual evaluation and review of the performance of the Board, its committees, the Chair of the Board, and individual members.
- Ensure adequate plans are developed and implemented for management development and succession and conduct an annual review of such plans.
- Ensure that all material developments, and significant emergent issues of the AIOC, are disclosed to the Minister in a timely manner.
- Approve all matters that require Board approval as prescribed by applicable legislation and regulations and ensuring that such matters are brought to the attention of the Minister, if necessary.
- Address how AIOC interacts with the public and establish policies that clearly identify roles and responsibilities in the area of communication with the public.
- Develop mechanisms and processes for communicating with the Minister of Indigenous Relations and the department on matters of mutual concern.
The AIOC Directors recruitment process shall be conducted, and appointments made on merit against a competency matrix with due regard to the benefits of diversity on the Board.
The recruitment process will ensure that the AIOC Board, as a whole, has the capability, diverse range of skills, and experience required to guide the organization. Such collective skills and experience shall include:
- Financial markets and investment strategic skills
- Financial literacy including corporate finance and accounting principles
- Board Governance
- Indigenous community engagement and stakeholder relations
- Business development
- Legal/regulatory including risk management expertise
- Human resources including compensation, performance management and diversity
AIOC Board members are expected to have relevant knowledge, expertise, and professional experience in the following areas:
- Business development/management
- Indigenous community and stakeholder relationships and networks
- Investment and entrepreneur expertise
- Large capital-intensive Infrastructure knowledge
- Fund management
- Relevant industry/sector experience
Board members are further expected to:
- Have sufficient time to commit to fulfilling board responsibilities
- Have a proven reputation for sound ethics, integrity and respect for others
- Leadership/teamwork skills
- Strategic thinking and planning
- Creative problem solving and decision-making skills
- Exceptional judgement and communication skills
- Experience working with Indigenous populations, and a broad familiarity with Indigenous cultural and community perspectives is preferred.
If you have experience working with and being active in Indigenous communities and you have a solid understanding of indigenous cultural and relations then this might be the opportunity for you. Your ability to respect and understand multiple perspectives, cultural values and views will also enable your success in this role. Don’t miss this opportunity to share your cultural knowledge.
Strong preference will be given to candidates who currently reside in the Alberta and with an in-depth background and understanding of Alberta’s economy to support the AIOC’s mandate by providing the strategic guidance to make investment decisions that flow money into Indigenous communities.
The Government of Alberta is committed to offering qualified Albertans the opportunity to be considered as public members on Alberta’s public agencies, boards and commissions. To help ensure that Albertans are well-represented on boards, we invite applicants from all backgrounds who embody a range of knowledge, skills and expertise to apply.
The Board meets quarterly or as needed, and twice annually for strategic discussions. Meetings are typically 4 hours. In addition, three committees have been established (Governance, Investment, and Audit and Risk) that meet quarterly or as needed for two hour time periods. The AIOC is expected to maintain its head office and principal place of business in Alberta. Board meetings may take place at various locations in Alberta. Dial-in options will be made available as required.
The remuneration structure for the AIOC will be as follows:
- Annual retainer of $10,000
- A meeting fee of $300 per meeting.
Board members will also be entitled to be reimbursed for accommodation and travel expenses in accordance with the Travel, Meal and Hospitality Policy (11/2015) that are incurred while away from their ordinary places of residence and in the course of performing their duties as members of the Board.
In addition to your cover letter and resume, we require a biography. Click HERE to download the biography form.
Once the forms are completed, save them to your PC. When you click on submit application, you will be prompted to upload additional documents. Drag and drop or upload your completed biography form and other documents requested into the ‘Drop files below or click to upload’ section.
Please note: This ad will close on December 22, 2022, or until suitable candidates found.
The posting may be used to fill current and future public agency vacancies.
Executive Search, Alberta Public Service Commission
Email: [email protected]
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 4 line biography using the Biography template found under additional documents section. Your biography should include your name, current work experience, board/committee experience and relevant education. 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.
The personal information in ePAAS is collected pursuant to section 33(c) of the Freedom of Information and Protection of Privacy Act. The information will be used to administer and manage recruitment for current and future public agency appointment opportunities. Questions regarding the collection, use, or disclosure of this information, may be directed to the Public Agency Secretariat, Public Service Commission, 12th Floor 44 Capital Boulevard, 10044 - 108 Street, Edmonton, AB T5J 3S7 or by calling 780-644-3060. Applicants will be required to identify any real or perceived conflicts of interest and may be required to undergo additional screening.
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.