About the Bank
Management and Administration
Pension Plan Director
The Bank of Canada Pension Plan is a defined benefit plan with current assets of approximately $675 million covering almost 3000 members. The Bank is the administrator of the Plan and oversight is conferred on a Pension Committee. Day-to-day administration is conducted by a Pension Fund Investment Committee and by a Pension Administration Committee.
The Pension Plan Director works closely with the Chair of each committee and with other staff members to develop and implement the governance framework which includes: the establishment of strategic objectives; the development of clear policies in all aspects of Plan administration; the assessment and monitoring of risks; the establishment and monitoring of performance objectives; the monitoring of compliance with regulations and policies; and the conduct of periodic self-assessments of the performance of the Pension Committee. The Director will also be responsible for managing the introduction of the defined contribution option. Organizationally, the position reports to the General Counsel & Corporate Secretary.