Reporting to the Board of Directors, the CEO is the executive leader of the corporation and is responsible for organizational leadership and direction and assisting the Board in achieving its mission and delivering on its key responsibilities related to plan design, contributions, stabilization reserves and valuation filing. The CEO provides direction, guidance, and supervision to the organization and its staff and assists the Board and Co-Chairs in establishing responsible governance and planning for the organization; monitors and advises regarding the strategic direction of the organization, the strategic design, funding, and communication for the OMERS pension plans, and any new initiatives approved by the SC; builds and promotes consensus among stakeholders; provides leadership, direction and clear lines of accountability; acts as the principal point of contact with Board Members, OAC Staff, government stakeholders, and third parties; and stays current on trends and industry developments.
As the executive leader for the organization, the CEO is responsible for directing and supervising all activities of the organization, including staff and third parties, and for providing objective insight and leadership to the Board in establishing organizational strategies and priorities, and responding to all matters brought to the Board, including:
- Assisting the Board with ongoing advice and guidance regarding its strategic direction, initiatives and policies.
- Representing the organization within the industry and at public gatherings, as required.
- Supporting the SC as the Corporate Secretariat, including attending all Board/committee meetings, providing support materials and information required for Members, documenting all meetings and publishing their results using effective tools and approaches to enable good Board governance, and importantly following up on all action items from the meetings.
- Supporting the Co-Chairs in their roles and assisting them with advice and information necessary to perform their duties; and, handling any situation in their absence.
- Maintaining a close relationship with all levels of staff at OMERS and outside advisors, to ensure open and prompt communication, receipt of administrative and technical support and to ensure that SC’s duties and roles are carried out as effectively as possible, and that it receives timely expert advice when required.
- Enhancing and maintaining ongoing working relationships with pertinent government and sponsor organizations and representatives, to ensure constant communication and that those communication links are available in urgent or important circumstances.
- Providing the SC with information and trends in the pension industry, to represent the SC at pension industry events and initiatives and to ensure that the SC has ‘best in class’ levels of information relating to its primary pension plan mandate.
- Acting as the catalyst for ongoing enhancement of the strategic vision for the organization.
- Managing the small administrative function of the SC - continuously enhancing administrative procedures to ensure the SC’s needs are met and the work load and time commitment of its Members can be effectively minimized.
- Influencing and guiding discussions, and maintaining a balanced view amongst a diverse group of stakeholders often with opposing perspectives.
- Improving PR and communication to each stakeholder group through regular and consistent communication vehicles.
- Building upon and continuing to improve the transparency/communication between the OAC and SC.
- Understanding pension fund legislation as it relates to the OMERS plans and the inherent risks, and displaying sound judgment in the absence of clear legislation.
- Developing annual operating goals and budget, objectives and performance targets.
- Identifying and managing risk to the organization.
- Ensuring an effective orientation program is provided for new Members, with the advice and support of the Co-Chairs.
- Identifying, monitoring and managing risk to the organization.