Board Member Opportunity – Vancity Community Investment Bank (VCIB)

Board Member Opportunity – Vancity Community Investment Bank.

• Location: National bank with offices in Toronto.
• Commitment: In-person and remote quarterly board and committee meetings, meeting preparation; approximately 10-15 hours/month.
• Term: Board Directors serve one-year terms and may serve up to 12 years total.
• Annual Compensation: $29,729.95 plus pre-approved travel related expenses.

About Us.

Vancity Community Investment Bank is Canada’s only Schedule 1 bank that’s 100 per cent focused on making impact. A certified B Corp, we partner with like-minded organizations using creative and innovative financial solutions that drive social, economic, and environmental change that make communities more affordable and sustainable. What does this look like? It’s financing clean energy projects in Indigenous communities to reduce greenhouse gas emissions and support economic growth. It’s supporting the preservation and expansion of affordable housing with our social purpose real estate financing that fosters inclusive and healthy communities. And it’s our clean energy financing solutions that open new markets for renewable energy projects.

Why Do We Do It? Vancity Community Investment Bank was born from the community-first cooperative model of our parent company, Vancity Credit Union, a recognized leader in business ethics, innovative thinking, and community development. And like Vancity, we remain steadfast in our commitment to integrity, innovation, responsibility, and Reconciliation.

The Opportunity.

Do you see the world the way we do? If so, we’re seeking experienced and visionary individuals to join our Board of Directors. As a board member, you’ll play a pivotal role in shaping our strategic direction, ensuring sound governance, and driving sustainable growth.

This is an exceptional opportunity for individuals with a passion for financial services and advancing social finance, a commitment to fiduciary excellence, and a desire to contribute to the success of a forward-thinking institution.

Key Responsibilities.

• Collaborate with fellow board members and executive leadership to develop and oversee VCIB's strategic plan and operations.
• Ensure regulatory compliance and adherence to VCIB's mission, vision, and values.
• Oversee risk and financial management, including approving budgets, financial reports, and audits.
• Advocate for innovation and identify opportunities for growth and operational improvement.
• Serve as Committee Member and Chair, as required.
• Serve as an ambassador for VCIB with relevant community and organizational stakeholders.

Candidate Profile.

We’re currently seeking candidates with the following qualifications:

• Experience:
• Governance: demonstrated knowledge and experience of working on and/or with a well-functioning governance board and providing expertise in one or more key areas of board governance.
• Technology: experience in IT related current or past position and experience of successful digital banking and/or technology-based entrepreneurship.
• Leadership: experience in banking, financial services, or a related industry. Board or executive-level experience preferred.
• Skills: strong communications skills and demonstrated expertise in one or more areas of governance such as finance, risk management, compliance, legal, IT, and marketing.
• Commitment: willing and able to devote time and effort to board responsibilities and to travel to and participate in board and committee meetings, meeting preparation, and other work as needed.
• Education: advanced degree or professional certification (e.g., CPA, CFA) is a plus.

Diversity, Equity, Inclusion, and Reconciliation.

Financing a sustainable tomorrow takes a diverse and inclusive leadership team reflective of the communities where we work, and the organizations we partner with. We’re committed to having an inclusive board that reflects the diversity of the communities we serve to respond to their needs and deliver on our mission. In our commitment to Reconciliation, we strive to ensure equitable access and opportunities for Indigenous People in alignment with the United Nations Declaration on the Rights of Indigenous Peoples. Candidates from all backgrounds are encouraged to apply.

Application Process.

We’re committed to providing an inclusive and accessible recruitment experience for all candidates. If you require any accommodations at any stage of the recruitment process, please reach out to our Talent Acquisition team at recruitment@vancity.com for confidential support. In-person assistance is also available. We’ll collaborate with you to ensure your needs are met promptly and effectively.

To express interest in this position, please complete and submit your application by Friday, February 28, 2025, at 4 pm.

Please include:

• A current résumé or CV.
• A cover letter outlining your interest and qualifications.
• Optional: references or a brief summary of relevant board experience.

Start Date: Following the recruitment process, to be ratified at the July 2025 Annual General Meeting.