Assistant Deputy Minister and Chief Investment Officer

The Government of Saskatchewan provides the services, programs and supports the people of Saskatchewan need. We deliver on the Saskatchewan Plan for Growth to build a strong economy, strong communities and strong families, ultimately building a stronger Saskatchewan. Dedicated to service excellence, we demonstrate innovation, collaboration and transparency, practice effective and accountable use of resources and promote engagement and leadership at all levels.

About the Team

The Ministry of Finance supports excellence in governance and public administration through economic, financial and fiscal expertise, leadership and services. Finance is the lead ministry for fiscal policy; budget development and integrity; managing provincial debt; designing and administering fair, efficient, and competitive tax regimes; pension and benefit administration; labour relations advice to government; ensuring accountability to both the public and the Legislative Assembly for the use of public funds; and, ensuring effective financial management and accounting policies and procedures.

ABOUT THE JOB

The Opportunity

The Government of Saskatchewan is seeking a visionary and strategic senior executive interested in making a real difference as the province shapes its growth initiative for today and future generations.

The Assistant Deputy Minister and Chief Investment Officer offers an ideal opportunity for a strategically orientated senior leader with excellent communication skills and a collaborative leadership style to help shape Saskatchewan’s future by ensuring the province has the financial strength to invest in essential public services and infrastructure.

The Provincial Treasury Office is responsible for all functions related to management of financial resources of executive government. It manages and provides policy leadership on banking and liquidity management; borrowing and debt management; and investment services for Government, Crown corporations and other agencies.

Responsibilities

• Provide strategic direction and executive leadership in relation to the province’s treasury activities including cash and liquidity management, banking, debt servicing, short and long-term borrowing, capital infrastructure financing, and investment portfolio management.
• Oversee the management of the province’s primary banking agreements and relationships to minimize costs to the province. Investigates, recommends, promotes, and implements cash management and payments efficiency strategies.
• Manage and develop annual borrowing programs of $5.0–$7.0 billion, including negotiating financing terms, interest rates and hedging arrangements.
• Oversee investment management activities of the General Revenue Fund and certain agencies, including fixed income funds totaling $6.5 billion.
• Support the Minister of Finance, Treasury Board and senior government leaders by providing advice in the areas of liquidity, debt, interest costs, capital markets, investments and financial risk.
• Lead engagement with credit rating agencies, investment bank financing syndicates, and domestic and international institutional investors including insurance and pension funds, investment managers, central banks and sovereign wealth funds.
• Serve as a member of the Ministry’s Executive Leadership Team which sets the strategic direction and priorities of the organization, promotes cross-government and ministry collaboration, and supports a healthy and engaged workplace.
• Demonstrate exceptional diplomacy through written and oral communication including the ability to work with, and influence, a variety of stakeholders.
• Support and participate in the government-wide budget development process.
• Serve as General Manager of the Municipal Financing Corporation.
• Model the public service values.

Qualifications

Job Capabilities

This opportunity is for experienced senior executives with a demonstrated record of achieving results in complex, collaborative and stakeholder-rich environments. Our candidate of choice will have a master’s degree in business administration, commerce, economics, mathematics or a related field, along with a professional designation such as a CFA and/or CPA. We are seeking someone who:

• Is outcomes-focused, establishes vision, communicates goals, and measures effectiveness of those outcomes.
• Fosters a culture of accountability and ensures resources are directed to support strategic goals.
• Is an innovator who removes barriers, enables responsible risk-taking and encourages forward thinking.
• Is a collaborator who creates and nurtures opportunities for engagement and strategic partnerships.
• Champions inclusion, addresses systemic barriers, and encourages divergent perspectives.
• Is adaptable, leads decisively in a rapidly changing environment and demonstrates resilience.

Technical Knowledge and Skills

• Demonstrated management experience in a government or corporate treasury environment.
• Strong knowledge of institutional fixed income, foreign exchange and derivative markets and extensive experience in liability management, investments and/or investment banking.
• In-depth knowledge of government legislative and regulatory processes and protocols, in relation to public policy development and financial management.
• Knowledge of and experience with public sector finances, including accounting, budgeting, and revenue, expense and capital flows.

Job Skills

• Communication (Level E)
• Critical Thinking (Level E)
• Digital Skills (Level E)
• Interacting with Others (Level E)
• Navigating Ambiguity (Level E)
• Managing Self (Level E)
• Health, Safety and Wellness (Level E)
• Data Literacy (Level E)
• Influence (Level E)
• Political and Organizational Awareness (Level E)
• Managing Organizational Resources (Level E)
• Managing Talent (Level E)

Learn more about the Government of Saskatchewan’s Capabilities and Skills Framework here.

What We Offer

• Dynamic and challenging work
• Competitive salary
• Comprehensive benefits package including pension
• Vacation, scheduled days off, and other types of leave
• Inclusive work environments
• Career growth, development, and advancement opportunities
• Flexible work arrangements

Our Commitment to Excellence

The Government of Saskatchewan upholds deep-rooted values of Respect and Integrity, Serving Citizens, Excellence and Innovation, and Acting as One Team.