Top Benefits
About the role
Headquartered in Toronto, the Building Ontario Fund (BOF) is a new independent, board-governed agency that will facilitate investment by trusted institutional investors in critically needed large-scale infrastructure projects within the province.
The agency’s mandate is to invest in, and seek to attract investment from, qualified institutional investors, public sector entities, governments, and Indigenous communities in Ontario infrastructure projects that will generate revenue and are in the public’s interest. BOF will do this by:
- Investing in infrastructure and appropriately allocating risks amongst the Corporation and other investors
- Structuring proposals and negotiating agreements with investors in infrastructure projects
- Receiving and assessing unsolicited ideas and proposals for infrastructure
- Providing advisory services with respect to financing infrastructure projects
Reporting to the CFO, the Head, Risk Management is responsible for designing, implementing, and overseeing the enterprise-wide risk management framework at the Building Ontario Fund. This includes enterprise risks across all risk categories. The successful candidate will work closely with senior leadership to embed risk-informed decision-making and build a strong risk culture across the organization.
Key Responsibilities
Investment & Counterparty/Credit Risk:
- Provide independent risk input during project due diligence, credit review, investment structuring and post-close processes, ensuring that key risk considerations are identified and discussed.
- Support the development and implementation of counterparty/credit risk policies and methodologies related to the BOF’s loan, guarantee, and equity portfolios.
- Provide independent oversight of the in-house loan valuation methodology from an ERM perspective.
- Monitor investment risk trends, providing observations and recommendations to the investment team and the executives.
- Act as a strategic partner to the investment and finance teams by offering risk insights and perspectives supporting investment and post-close decisions through a risk lens.
Enterprise Risk Management (ERM):
- Lead the implementation of the BOF’s Enterprise Risk Management Framework (ERM), in collaboration with external advisors and internal stakeholders.
- Develop, maintain and update the corporate risk profile, risk register, risk assurance map, and risk appetite statements along with risk metrics; coordinate periodic risk assessments.
- Present risk updates to the Executive Leadership Team, Finance & Audit Committee (FAC), other Board Committees and Board of Directors, as required.
- Provide input into the design and implementation of risk controls to identify and mitigate key risks.
- Work with departmental heads and executives to develop, monitor and act on existing and planned risk management activities.
- Collaborate with the internal audit function to align audit and risk priorities.
- Contribute to business continuity planning and incident response protocols.
Risk Reporting & Governance:
- Monitor and report on evolving and emerging risks relevant to the BOF’s mandate.
- Prepare risk dashboards, key risk indicators (KRIs), and reports for executives, Ministry, and board-level audiences.
Leadership & Culture:
- Build a right sized and fit for purpose risk management team over time, as appropriate.
- Champion risk awareness and training across departments.
- Act as a trusted advisor to the CFO and other executive leaders.
Qualifications
Education & Experience:
- University degree in finance, business, economics, or a related field, or an equivalent combination of education and relevant experience.
- Professional designations such as CPA, CFA, FRM, or CRM considered strong assets.
- Minimum 7–10 years of progressive risk management and/or investment experience in private markets would be a strong asset.
- Experience working with ERM frameworks and investment risk oversight is highly desirable.
Skills & Competencies:
- Understanding of enterprise, credit, operational, and strategic risk principles.
- Proven leadership ability to build the risk function from the ground up, recruit staff over time, and lead a high-performing team, fostering a collaborative, accountable, and results-oriented culture while aligning team objectives with organizational goals.
- Ability to build strong, trusted, and effective working relationships with peers, colleagues and senior management to ensure strategies and initiatives are implemented.
- Ability to suggest improvements to established functional, line of business risk and control practices.
- Ability to lead presentations, facilitate group discussion, negotiate issues and resolve problems in ambiguous situations.
- Ability to influence decision making with change management capabilities.
- Ability to collect and analyze complex data, evaluation information and systems, and draw logical conclusions.
- Proven ability in maintaining composure under pressure while meeting critical report deadlines or when challenged on conclusions draw.
- Ability to think strategically and articulate the big picture.
- Familiarity with Ontario government directives, accountability frameworks, and reporting requirements is considered an asset.
Application: To apply for this position, please submit your resume by September 8, 2025.
We thank you for your interest in the Building Ontario Fund. Applicant selection is based on, but not limited to technical competence, in-depth experience in relevant sectors and educational background.
Accommodation is available upon request for candidates with a disability taking part of the recruitment process.
At Building Ontario Fund, we are committed to diversity, transparency and inclusion.We believe our strength comes from having a team with the right diverse skills and abilities selected through a merit-based competitive process. We actively encourage applications from people regardless of nationality, religion, gender, race, disability or sexual orientation.
Top Benefits
About the role
Headquartered in Toronto, the Building Ontario Fund (BOF) is a new independent, board-governed agency that will facilitate investment by trusted institutional investors in critically needed large-scale infrastructure projects within the province.
The agency’s mandate is to invest in, and seek to attract investment from, qualified institutional investors, public sector entities, governments, and Indigenous communities in Ontario infrastructure projects that will generate revenue and are in the public’s interest. BOF will do this by:
- Investing in infrastructure and appropriately allocating risks amongst the Corporation and other investors
- Structuring proposals and negotiating agreements with investors in infrastructure projects
- Receiving and assessing unsolicited ideas and proposals for infrastructure
- Providing advisory services with respect to financing infrastructure projects
Reporting to the CFO, the Head, Risk Management is responsible for designing, implementing, and overseeing the enterprise-wide risk management framework at the Building Ontario Fund. This includes enterprise risks across all risk categories. The successful candidate will work closely with senior leadership to embed risk-informed decision-making and build a strong risk culture across the organization.
Key Responsibilities
Investment & Counterparty/Credit Risk:
- Provide independent risk input during project due diligence, credit review, investment structuring and post-close processes, ensuring that key risk considerations are identified and discussed.
- Support the development and implementation of counterparty/credit risk policies and methodologies related to the BOF’s loan, guarantee, and equity portfolios.
- Provide independent oversight of the in-house loan valuation methodology from an ERM perspective.
- Monitor investment risk trends, providing observations and recommendations to the investment team and the executives.
- Act as a strategic partner to the investment and finance teams by offering risk insights and perspectives supporting investment and post-close decisions through a risk lens.
Enterprise Risk Management (ERM):
- Lead the implementation of the BOF’s Enterprise Risk Management Framework (ERM), in collaboration with external advisors and internal stakeholders.
- Develop, maintain and update the corporate risk profile, risk register, risk assurance map, and risk appetite statements along with risk metrics; coordinate periodic risk assessments.
- Present risk updates to the Executive Leadership Team, Finance & Audit Committee (FAC), other Board Committees and Board of Directors, as required.
- Provide input into the design and implementation of risk controls to identify and mitigate key risks.
- Work with departmental heads and executives to develop, monitor and act on existing and planned risk management activities.
- Collaborate with the internal audit function to align audit and risk priorities.
- Contribute to business continuity planning and incident response protocols.
Risk Reporting & Governance:
- Monitor and report on evolving and emerging risks relevant to the BOF’s mandate.
- Prepare risk dashboards, key risk indicators (KRIs), and reports for executives, Ministry, and board-level audiences.
Leadership & Culture:
- Build a right sized and fit for purpose risk management team over time, as appropriate.
- Champion risk awareness and training across departments.
- Act as a trusted advisor to the CFO and other executive leaders.
Qualifications
Education & Experience:
- University degree in finance, business, economics, or a related field, or an equivalent combination of education and relevant experience.
- Professional designations such as CPA, CFA, FRM, or CRM considered strong assets.
- Minimum 7–10 years of progressive risk management and/or investment experience in private markets would be a strong asset.
- Experience working with ERM frameworks and investment risk oversight is highly desirable.
Skills & Competencies:
- Understanding of enterprise, credit, operational, and strategic risk principles.
- Proven leadership ability to build the risk function from the ground up, recruit staff over time, and lead a high-performing team, fostering a collaborative, accountable, and results-oriented culture while aligning team objectives with organizational goals.
- Ability to build strong, trusted, and effective working relationships with peers, colleagues and senior management to ensure strategies and initiatives are implemented.
- Ability to suggest improvements to established functional, line of business risk and control practices.
- Ability to lead presentations, facilitate group discussion, negotiate issues and resolve problems in ambiguous situations.
- Ability to influence decision making with change management capabilities.
- Ability to collect and analyze complex data, evaluation information and systems, and draw logical conclusions.
- Proven ability in maintaining composure under pressure while meeting critical report deadlines or when challenged on conclusions draw.
- Ability to think strategically and articulate the big picture.
- Familiarity with Ontario government directives, accountability frameworks, and reporting requirements is considered an asset.
Application: To apply for this position, please submit your resume by September 8, 2025.
We thank you for your interest in the Building Ontario Fund. Applicant selection is based on, but not limited to technical competence, in-depth experience in relevant sectors and educational background.
Accommodation is available upon request for candidates with a disability taking part of the recruitment process.
At Building Ontario Fund, we are committed to diversity, transparency and inclusion.We believe our strength comes from having a team with the right diverse skills and abilities selected through a merit-based competitive process. We actively encourage applications from people regardless of nationality, religion, gender, race, disability or sexual orientation.