Chief Operating Officer – Toronto Foundation
Location: Toronto preferred
As the city’s community foundation, Toronto Foundation was set up as a registered charity 40 years ago and exists to create a more fair and just society where everyone can thrive. Created with the sole purpose of improving quality of life for people in this city now and forever, Toronto Foundation continues to do that by highlighting residents’ greatest needs, engaging donors and making grants.With its strong financial and investment infrastructure and clear community values, Toronto Foundation is also a fiduciary partner with forty local and national charities and all three levels of government, supporting their endowments and disbursing significant funds on their behalf. Together with its fundholders and partners, Toronto Foundation granted $21.2M in the 2021 fiscal period to organizations in Toronto and across Canada.
The potential for greater impact is what fuels Toronto Foundation staff every day. The Foundation runs a donor education program to disrupt traditional philanthropic practices including flowing more money to smaller, local and equity-focused organizations; uses an action-oriented and equity-focused research agenda; and strives to responsibly invest more of our assets every year. This is also an opportunity to work on large scale projects that create impact across Canada and around the world. Reporting to the Chief Executive Officer, the Chief Operations Officer (COO), is a key member of the executive leadership team. This leader plays a central role in the development and execution of financial and investment strategies and operational functions that are critical to the foundation’s success. Equally important to the strategic and operational aspects of this role, is the requirement for the next COO to embody and demonstrate a leadership style that reflects Toronto Foundation’s commitment to leading with insight and empathy. The COO will be a skilled collaborator, implementing the foundation’s strategic plans and aligning organizational resources to achieve the foundation’s strategic goals.
The COO is responsible for a broad scope of activities, including investment management, technology, financial management and reporting, organizational transformation, legal and regulatory, governance, and people and culture. The COO also provides guidance and advice on the organization’s shift from traditional investments to an integrated socially responsible investment framework.
As the ideal candidate, you are a visionary thought leader, have excellent relationship management skills, are known as an active listener, and are adept at managing an outsourced investment manager with a large investment portfolio. You have had success in managing shifting priorities and understand the importance of singular operational excellence paired with diverse customer needs, both internally and externally. You measure success across not just one but a balance of factors including financial results, impactful investing, technological innovation, and team commitment. You are a natural bridge-builder and have an appreciation and understanding of effective behaviors in a quasi-public sector environment. Your financial and operational leadership experience is complemented by a professional accounting designation and an undergraduate or graduate university degree in business, finance, or accounting.
You have a demonstrated commitment to diversity, equity and inclusion and can provide strong leadership and mentorship to a team of seven and can manage outsourced service vendors for investment, technology, legal affairs, and people and culture, while protecting and ensuring the financial stability and relevance of Toronto Foundation.
If you have the dedication, skills and passion to deliver on Toronto Foundation’s vital mission, please submit your CV and cover letter via: boyden.thriveapp.ly/job/1688. For more information, please contact Mona Khan and Nick Chambers at firstname.lastname@example.org.
As a condition of employment, you are required to submit proof of full COVID-19 vaccination to the Toronto Foundation’s HR Team. We thank all applicants for their interest; we will contact only those applicants selected for further considerations. Please note that submissions will be reviewed on an ongoing basis, and therefore early submission is encouraged.
Toronto Foundation is committed to fairness and equity in employment and our recruitment and selection practices. We encourage applications from Indigenous peoples, people with disabilities, members of sexual minority groups, members of racialized groups, women and any others who may contribute to the further diversification of our movement and community. Accommodation will be provided in all parts of the hiring process as required under our Access for People with Disabilities policy. Applicants are asked to make their requirements known in advance.
The salary range for this position is $190,000-$230,000 with generous annual leave, 5% RRSP contribution, and other benefits.