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Royal Canadian Mint Employment Opportunity: Ceo, Mint Master

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Valued Member

Canada
430 Posts
 Posted 03/06/2014  01:20 am Show Profile   Bookmark this topic Add Coinsplus to your friends list Get a Link to this Message Number of Subscribers
Looks like Ian Bennett will soon be retiring from the Mint. Any willing job seekers can apply if they meet the Mint's requirements. The income is pretty decent.

New CEO could mean a shake-up with the NCLT coins and the amount of variety being produced.

http://www.mint.ca/store/job/master...t&lang=en_CA

Master of the Mint (Chief Executive Officer)

Posted: 02/24/14
Job Type: Full Time
Location: Ottawa
Salary range: $255,200 - $300,200

The Royal Canadian Mint (the Mint) was originally established in 1908 as a branch of The Royal Mint of London, England. On December 1, 1931, an Act of Parliament established the Royal Canadian Mint as a branch of the Department of Finance. On April 1, 1969, with the passage of the Royal Canadian Mint Act, the Mint became a Crown corporation and now reports to Parliament through the Minister of Finance.

Today, the Mint is a commercial enterprise whose business ventures extend throughout the world. The Mint is classified as a Schedule III-II Corporation under the Financial Administration Act, the category reserved for organizations which conduct commercial operations and are self-sufficient. The Mint owns two facilities. The Ottawa facility houses the corporate head office, the gold and silver refineries and production facilities for non-circulation coins and medals. The Winnipeg Plant, which includes a plating facility, produces all of Canada's circulation coins as well as circulation coins for numerous foreign countries. The Mint is an ISO 9001-2008 certified corporation. The Mint operates along four business lines:

- Canadian Circulation: The design, manufacture and distribution of circulation coins to
meet the needs of the Canadian marketplace.
- Numismatics and Collectibles: The design, manufacture and distribution of Canadian
non-circulation coin products for sale to collectors and gift-givers.
- Foreign: The manufacture of circulation and numismatic coins and blanks for foreign countries.
- Bullion, Refinery and ETR (Exchange Traded Receipts): The production of bullion coins,
wafers and bars for the investment community, refining and storage services of precious metals
for Canadian and international customers, and access for retail and institutional investors to
precious metals stored at the Mint through gold and silver Exchange Traded Receipts (ETR)
products listed on the Toronto Stock Exchange (TSX).

As the Chief Executive Officer of the Corporation, the Master of the Mint reports to the Board of Directors and is responsible for providing leadership and direction in all aspects of the Corporation's activities, business performance and strategic development. The Board of Directors is accountable to Parliament through the Minister of Finance.

The ideal candidate would possess a degree from a recognized university in a relevant field of study, or an acceptable combination of education, job-related training and/or experience.

The ideal candidate would have a proven record, with significant experience as a chief executive officer or senior executive in a large, complex organization within a dynamic environment. The candidate would possess experience leading and developing high performance teams and managing financial resources, ideally with exposure to a unionized workforce. Experience providing strategic advice and making decisions on complex and sensitive issues, as well as experience in building and maintaining productive and multipartite relationships with partner organizations and diverse stakeholders, are desired. He or she would also have experience in reporting to, and/or working with, a board of directors of a large complex organization of significant size and scope. Experience working in a public policy environment or government organization and/or experience in a commercial environment with a record of generating revenue and profits within a customer-focused organization, preferably including at the international level, are sought.

The ideal candidate would be knowledgeable of the mandate and business activities of the Mint, its related public policy issues, as well as its governing legislation framework, including the Royal Canadian Mint Act and the Financial Administration Act. Knowledge and understanding of the Mint's business lines (Canadian Circulation; Numismatic and Collectibles; Foreign; and Bullion, Refinery and Exchange Traded Receipts), including its operations, risk management and competitive dynamics on an international scale are desirable. The candidate would have an understanding of sound business practices and principles, including human resources and financial management, as well as good corporate governance. General knowledge of the business and political environments, along with stakeholders served by the Mint, is sought. He or she would also be familiar with Canadian government, policies, practices and decision-making frameworks; and possess an appreciation of quality measures within a lean manufacturing setting.

The ideal candidate would have the ability to appreciate the needs of diverse stakeholders, develop and articulate a corporate vision, and convert this into a strategic action plan. The ability to lead with strategic agility while inspiring a high performance workforce and building an entrepreneurial culture of teamwork and customer-focus is sought, as is the ability to establish and maintain strong and effective relationships with businesses, government and external stakeholders domestically and abroad. The candidate would also have the ability to identify and pursue innovative initiatives for increasing revenue generation through the development and implementation of new business opportunities/partnerships. He or she would be able to negotiate skilfully, as well as influence the opinions and ideas of others, build consensus and gain approval for plans, programs, and recommended courses of action. Superior communication skills, both written and oral, are also sought.

To achieve the Corporation's objectives and carry out its mandate, the Master of the Mint would be an innovative, entrepreneurial and strategic leader, who possesses sound business judgement and is a person of high ethical standards and integrity. He or she would possess superior interpersonal skills as an inspirational leader and motivator of people, and use tact and discretion in relating with others.

Proficiency in both official languages would be preferred.

The Mint's head office is located in Ottawa; therefore, the successful candidate must reside in, or be willing to relocate to, the Ottawa Area or to a location that is within reasonable commuting distance.

A person is not eligible to be appointed if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with:

i. the production or distribution of copper, copper alloy, nickel or precious metals;

ii. the purchase, production, distribution or sale of coins or coin operated devices; or

iii. the vending of goods and services by means of coin operated devices.

The Government is committed to ensuring that its appointments are representative of Canada's regions and official languages, as well as of women, Aboriginal peoples, disabled persons and visible minorities.

The selected candidate must comply with the Ethical and Political Activity Guidelines for Public Office Holders. The guidelines are available on the Governor in Council Appointments Web site, under "Reference Material" at http://www.appointments-nominations...asp?lang=eng.

The selected candidate will be subject to the Conflict of Interest Act. Public office holders appointed on a fullâ€'time basis must submit to the Office of the Conflict of Interest and Ethics Commissioner, within 60 days of appointment, a confidential report in which they disclose all of their assets, liabilities and outside activities. For more information, please visit the Office of the Conflict of Interest and Ethics Commissioner's Web site at http://ciec-ccie.gc.ca/Default.aspx?pid=1&lang=en.

This notice has been placed in the Canada Gazette to assist the Governor in Council in identifying qualified candidates for this position. It is not, however, intended to be the sole means of recruitment.

Further details about the Mint and its activities can be found on its website at http://www.mint.ca.

For more information, please contact Michelle Richard at 613-742-3212 or Richard Rankin at
613-742-3207, or either of them by email at rrankin@boyden.com. To apply for this position, please visit the Boyden website at http://www.boyden.ca.



THE Royal Canadian Mint

MASTER OF THE MINT (CHIEF EXECUTIVE OFFICER)

SELECTION CRITERIA

The ideal candidate would possess the following qualifications:

Education

• A degree from a recognized university in a relevant field of study, or an acceptable
combination of education, job-related training and/or experience.

Experience

• A proven record, with significant experience as a Chief Executive Officer or
senior executive in a large, complex organization within a dynamic environment;
• Experience leading and developing high performance teams and managing financial
resources, ideally with exposure to a unionized workforce;
• Experience providing strategic advice and making decisions on complex and sensitive
issues, as well as experience in building and maintaining productive and multipartite relationships
with partner organizations and diverse stakeholders;
• Experience in reporting to, and/or working with, a board of directors of a large complex
organization of significant size and scope; and
• Experience working in a public policy environment or government organization and/or
experience in a commercial environment with a record of generating revenue and profits
within a customer-focused organization, preferably including at the international level.



Knowledge

• Knowledge of the mandate and business activities of the Royal Canadian Mint,
its related public policy issues, as well as its legislative framework,
including the Royal Canadian Mint Act and the Financial Administration Act;
• General knowledge and understanding of the Mint's business lines (Canadian
Circulation; Numismatic and Collectibles; Foreign; and Bullion, Refinery
and Exchange Traded Receipts), including its operations, risk management and
competitive dynamics on an international scale;
• Understanding of sound business practices and principles, including human
resources and financial management, as well as good corporate governance;
• Knowledge of the business and political environments, and stakeholders served
by the Royal Canadian Mint;
• Knowledge of Canadian government and public policy environments,
process and best practices; and
• An appreciation of quality measures within a lean manufacturing setting.



Abilities

• Ability to appreciate the needs of diverse stakeholders, develop and articulate
a corporate vision, and convert this into a strategic action plan;
• Ability to lead with strategic agility while inspiring a high performance workforce
and building an entrepreneurial culture of teamwork and customer-focus;
• Ability to establish and maintain strong and effective relationships with businesses,
government and external stakeholders domestically and abroad;
• Ability to identify and pursue innovative initiatives for increasing revenue generation
through the development and implementation of new business opportunities/partnerships;
• Ability to negotiate skilfully as well as influence the opinions and ideas of others, build
consensus and gain approval for plans, programs and recommended courses of action; and
• Superior communication skills, both written and oral.



Personal Suitability

• Innovative, entrepreneurial and strategic leader
• Sound business judgment
• High ethical standards and integrity
• Superior interpersonal skills - - " an inspirational leader and motivator of people
• Tact and discretion



Language Requirements

• Proficiency in both official languages would be preferred.



Conditions of Employment and Eligibility

• Must reside in or be willing to relocate to Ottawa or to a location within reasonable
commuting distance; and
• A person is not eligible to be appointed if the person is not a Canadian citizen ordinarily
resident in Canada or if, directly or indirectly, the person is engaged in any undertaking
involving or associated with:


Edited by Coinsplus
03/06/2014 01:21 am
Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 03/06/2014  11:26 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply

Quote:
A person is not eligible to be appointed if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with:

i. the production or distribution of copper, copper alloy, nickel or precious metals;

ii. the purchase, production, distribution or sale of coins or coin operated devices; or

iii. the vending of goods and services by means of coin operated devices.

I found that to be quite interesting, and makes a lot of sense.

Quote:
The income is pretty decent.


Quote:
Salary range: $255,200 - $300,200

What would you consider amazing?
Edited by Libertad
03/06/2014 11:27 am
Pillar of the Community
yingyang's Avatar
Canada
1823 Posts
 Posted 03/06/2014  11:42 am  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply

Quote:
What would you consider amazing


Since I'm semi retired 80 grand would be amazing lol
Pillar of the Community
Canada
871 Posts
 Posted 03/06/2014  12:18 pm  Show Profile   Bookmark this reply Add jsinger21 to your friends list Get a Link to this Reply
I better start working on polishing up my resume. lol...
Valued Member
MJT's Avatar
Canada
196 Posts
 Posted 03/07/2014  10:36 am  Show Profile   Bookmark this reply Add MJT to your friends list Get a Link to this Reply
Coinsplus...I think you are a prime candidate!
Valued Member
Lithanial's Avatar
Canada
451 Posts
 Posted 03/08/2014  06:05 am  Show Profile   Bookmark this reply Add Lithanial to your friends list Get a Link to this Reply
Looks like the current CEO is getting out before his business model starts collapsing.
Valued Member
Canada
430 Posts
 Posted 03/08/2014  11:15 am  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
Funny MJT. I am waiting for the Bank of Canada Governor position to become available.

My bet, the Harper Government has someone in mind, and it will be a patronage appointment....someone with some sort of ties to the conservative government.
Edited by Coinsplus
03/08/2014 11:23 am
Pillar of the Community
CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 03/08/2014  2:20 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
Just a few comments here.

$300k is not much for the chief executive of a multi billion dollar company. Any decent senior law firm partner or doctor would easily make more than that. CEOs of companies we've never heard of with considerably less revenue make more than that. I would expect that the compensation package includes other (more valuable) perks including significant bonuses.

The entire NCLT business could go up in smoke tomorrow and the Mast of the Mint would barely blink an eye. It might be important to us, but in terms of revenues to the Mint, NCLT are a side business. NCLT would not drive any sort of significant career decision making.

Of course the CEO of the mint will be politically connected. It's a political position in a political city. While it's easy to take a shot at the current government, don't forget that in 2005, the last fully appointed Master of the Mint resigned over an expense claim scandal (ahead of his time?) while uttering the infamous line "I'm entitled to my entitlements". David Dingwall had previously served in PM Jean Chretien's Liberal cabinet.

I'd expect the next MoM to come from the Department of Finance. I wouldn't even be surprised if it was Jim Flaherty if his health continues to be an issue and he wants to take a step back from his current job. Plus, they wouldn't even have to adjust Mr. Bennett's desk chair.

The MoM is an end of career job. It's a job that one gets on the way out, not on the way up.
Edited by CC-Ottawa
03/08/2014 2:38 pm
Valued Member
Canada
430 Posts
 Posted 03/08/2014  8:26 pm  Show Profile   Bookmark this reply Add Coinsplus to your friends list Get a Link to this Reply
Well, the salary is more than PM's Harper's salary. Yes, the Mint CEO position usually goes to a individual in the later stage of one's career.

http://www.parl.gc.ca/ParlInfo/list...84275c23f3fb

It's the executive team and vice-presidents, and board of directors that do the real work and decision making. The Mint CEO position in my opinion, is just a figure head and a representative of the Mint at official government functions and launches.
Edited by Coinsplus
03/08/2014 8:30 pm
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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 03/08/2014  9:54 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
other than to the bod. They do very little too.
Edited by CC-Ottawa
03/08/2014 9:56 pm
Pillar of the Community
yingyang's Avatar
Canada
1823 Posts
 Posted 03/08/2014  10:20 pm  Show Profile   Bookmark this reply Add yingyang to your friends list Get a Link to this Reply
@ Coinsplus

Quote:
It's the executive team and vice-presidents, and board of directors that do the real work and decision making. The Mint CEO position in my opinion, is just a figure head and a representative of the Mint at official government functions and launches.


You missed the most important lunches and dinners and drinks and the first crack at the new releases.
Edited by yingyang
03/08/2014 10:22 pm
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