Chief Operating Officer, Ontario Financing Authority

Ontario Public Service Leadership | Leadership dans la fonction publique de l’Ontario; Toronto; On-site; CAD 250,000 +; Full time

Job summary

A governmental financial agency in Toronto is seeking a Chief Operating Officer to lead enterprise operations and drive modernization initiatives. The role demands strong executive leadership in risk management and stakeholder engagement. The ideal candidate will possess extensive experience in public sector environments and will oversee critical operations to support financial governance and strategic planning for Ontario.

Benefits

Defined-benefit pension plan

100% employer-paid health benefits

Generous vacation policy

Health and wellness spending account

Qualifications

• Proven ability to lead large-scale teams with integrity.
• Experience in transformational leadership within complex organizations.
• Capability to navigate high-stakes public sector environments.

Responsibilities

• Oversee enterprise operations including risk management and IT.
• Act as a trusted advisor to the CEO.
• Lead modernization initiatives to promote efficiency.

Skills

Executive leadership skills

Operational oversight

Strong stakeholder management

Political acuity

Risk management expertise

Education

Master's degree in a relevant field

Job description

Apply By: Friday, September 26, 2025 11:59 pm EDT

Keep Ontario's financial engine moving.

The Ontario Financing Authority (OFA) is seeking a visionary, results-oriented executive to serve as its next Chief Operating Officer (COO). This is an opportunity to lead large-scale enterprise operations, including risk oversight, IT, human resources, and investor and stakeholder communications, while contributing directly to the stewardship of Ontario's public finances. As a key member of the Executive Team, you will play a critical role in driving the OFA's core values of respect, innovation, teamwork, and accountability, while being a trusted operational leader. We are seeking an accomplished senior executive with proven leadership capacity who can step confidently and immediately into this complex role.

A career in the Ontario Public Service is driven by a passion for creating a stronger Ontario.

We foster a diverse and inclusive workplace where employees have the resources and opportunities they need to be fulfilled and inspired to move Ontario forward.

About the job

Reporting to the CEO, the Chief Operating Officer will:

• oversee enterprise operations including risk management, IT, procurement, HR, internal/external communications, and investor relations
• act as a trusted advisor to the CEO and provide strategic and operational leadership to the OFA's Executive Team
• advance modernization initiatives that promote efficiency, innovation, and integrated service delivery
• lead enterprise risk management for the province's almost $500 billion in debt and $40+ billion annual borrowing program
• oversee the implementation of the People Plan to attract, retain, and develop high-performing teams aligned with the OFA's core values and strategic priorities related to succession planning, learning and development and culture
• oversee operational contributions to key government priorities including the Borrowing and Debt Management chapter of Ontario's budgets and fall economic statements
• strengthen stakeholder trust and internal collaboration by rebuilding relationships and bridging silos across functions
• provide leadership while demonstrating the Ontario Public Service leadership behaviours and fostering a culture of collaboration, inclusion and excellence

What you bring to the team

Executive Leadership

You are a trusted senior executive who:

• leads large-scale, multi-disciplinary teams with integrity, transparency, and a focus on continuous improvement
• inspires organizational culture change through mentorship, coaching, and performance-driven results
• has proven executive and people-focused leadership skills and ability to drive people-centered solutions and deliver on strategic goals
• navigates high-stakes executive and public sector environments with political acuity and discretion
• leads with foresight and demonstrates the leadership maturity expected of an executive in the CEO successor stream at the OFA

Operational Planning, Efficiency and Oversight

You bring strong operational oversight across multiple domains, with expertise in:

• Risk management: Enterprise-wide risk identification, mitigation, and reporting
• IT governance: Infrastructure, cybersecurity, business continuity, and digital modernization
• Corporate Initiatives: Human resources, including talent management, succession planning, and organizational effectiveness; and Investor Relations, Communications, and Procurement

Stakeholder Management and Political Acuity

You are a collaborative leader who:

• rebuilds and strengthens relationships across internal and external partners, including ministries, financial institutions, vendors, and regulators
• understands government decision-making processes and fiscal policy priorities
• provides thoughtful, persuasive briefings to elected officials, senior executives, and oversight bodies
• demonstrates sound judgment and tact when navigating contentious or high-profile issues
• is skilled in fostering productive relationships to achieve shared goals

Don\'t meet every qualification?

If you are excited about this position and meet most, but not all, of the listed qualifications, please still consider applying. We recognize that no one person might have every qualification in this job ad, and you just might be the right candidate!

How we support diversity, inclusion and accessibility

We are building an inclusive workforce that reflects the communities we serve. We encourage everyone interested in working with us to apply, including people with disabilities, Indigenous, Black and racialized individuals, as well as people from all ethnicities, cultures, sexual orientations, gender identities and gender expressions.

Our hiring process is accessible, consistent with Ontario's Human Rights Code and the Accessibility for Ontarians with Disabilities Act, 2005. We are working to prevent and remove barriers in our hiring processes and can offer accommodation to address specific needs related to Code-protected grounds such as disability, family status and religion. For more information about accommodation during the hiring process please contact [e-mail]. All information discussed related to accommodation will be kept confidential.

Learn more about the work the OPS is doing to create an inclusive, anti-racist, accessible and diverse workplace:

• diversity, equity and inclusion initiatives
• accessibility
• Anti-Racism Policy

What we offer

Describe what make this leadership role unique. How will this leader specifically contribute to the lives of Ontarians. You will:

• support the OFA's mandate and corporate governance
• join an inspiring executive group leading a bright, innovative, and motivated team at the cutting edge of global finance and capital markets.
• work closely with partners in the financial services and capital markets sector in the broader public sector and the private sector.
• play a crucial role in strategic future planning and the continued transformation of the OFA, while being actively involved, with senior executives in the Ministry of Finance, including the Deputy Minister and the Minister's Office, in preparing key provincial financial releases including the Budget and Fall Economic Statement

Learn more about OFA's CEO, Gadi Mayman. This role is located in Toronto.

The Ontario Public Service is one of Ontario's largest employers. Employees work for a wide range of ministries, with offices in more than 70 cities across the province. We offer:

• a career that can grow across ministries and job functions
• flexible learning and developmental opportunities, including education and mentorship programs
• many employee networks offering support for and education about underrepresented groups
• tailored work arrangements, including opportunities like flex hours, self-funded leave and more

Our comprehensive compensation and benefits package includes:

• a defined-benefit lifetime pension plan (guaranteed, ongoing inflation-protected income after retirement)
• 100% employer-paid group health, dental, life and disability benefits
• a $750-per-year health and wellness spending account
• 25 days' vacation, increased after 15 years
• parental leave top-up benefits including for adoptive parents
• an Employee and Family Assistance Program, which provides confidential counseling services