Assistant Deputy Minister, Financial Sustainability and Oversight

Ministry of Colleges and Universities
Toronto (City), Ontario
$164,910.00 - $224,940.00 Per Year
November 23, 2023
December 4, 2023
Job Type
CPA status
Division: Financial Sustainability and Oversight Division
City: Toronto

Job Term: Permanent

Job Code: XEXE3

Salary: $164,910.00 - $224,940.00 Per Year

Posting Status: Open-Targeted

Closing Date: Monday December 04 at 11:59PM


Did you know that Ontario's postsecondary sector educates over a million students a year? And that every $1 invested in postsecondary education generates a positive economic return on investment estimated at $1.36?

If you value the importance of postsecondary institutions and research institutes and want to amplify their positive impact on Ontario’s social and economic growth, you will be interested in this opportunity to lead the newly established Financial Sustainability and Oversight Division at the Ministry of Colleges and Universities (MCU).

MCU leads postsecondary education policy and program development, provides over $5 billion in financial support to institutions, and supports students through programs such as the Ontario Student Assistance Program and the Ontario Learn and Stay Grant.  

In addition, the ministry supports research and commercialization by funding Ontario’s universities, colleges, and academic hospitals and by supporting world-class research institutes like the Perimeter Institute and the Ontario Institute for Cancer Research.

The Assistant Deputy Minister (ADM), Financial Sustainability and Oversight reports to the Deputy Minister for MCU, David Wai.  David is a skilled and knowledgeable leader, with a unique combination of public and private sector experience and designations in finance and engineering. He is passionate about public service, building a more diverse and inclusive workplace, and promoting equity in Ontario.

OPS commitment to diversity, inclusion, accessibility, and anti-racism

The OPS is an innovative, responsive, and accountable public service that works hard to be diverse, anti-racist, inclusive, accessible, merit-based, respectful, and equitable. Diversifying leadership teams is a top OPS priority with the goal to achieve parity with the Ontario labour force by 2025 for the most underrepresented groups (Indigenous, racialized and persons with disabilities) in leadership positions.

To advance this goal, the OPS is collecting socio-demographic information that will help to address potential barriers and achieve equity in hiring. You are requested to complete the voluntary survey and contribute to building a more diverse, anti-racist, inclusive and accessible OPS.

The OPS invites all interested individuals to apply. As an organization that promotes equity and diversity, the OPS encourages applications from Indigenous, Black, racialized, and persons with disabilities.  The OPS offers employment accommodation across the recruitment process and all aspects of employment consistent with the requirements of Ontario’s Human Rights Code. A dedicated team of employment accommodation specialists are available to discuss individual accommodation needs and ensure the hiring process is inclusive and free from barriers. Contact them at if you require an accommodation to participate in the recruitment process. All information discussed related to accommodation will be kept confidential.

Visit the OPS Anti-Racism Policy, the OPS Diversity and Inclusion Blueprint pages, and the Multi-Year Accessibility Plan to learn more about the OPS commitment to advancing racial equity, accessibility, diversity and inclusion in the public service.

What can I expect to do in this role? The Financial Sustainability and Oversight Division is one of five divisions in the ministry. The ADM, Financial Sustainability and Oversight will:

    Provide executive leadership and strategic direction for the planning, priority setting, and overall direction of the division and its responsibility with respect to the financial sustainability of the postsecondary education system so that all Ontarians have access and opportunities to postsecondary education Work with institutions to ensure strong financial oversight and governance as well as effective management of financial sustainability opportunities and risks Lead, direct, and oversee the administration and monitoring of financial investments (operating, capital, and special purpose grants) in the postsecondary system; data collection, integration and analysis for funding purposes; the projections of short-term enrolment and future cost pressures; and the monitoring and analysis of colleges’ and universities’ financial health
The teams reporting to the ADM are responsible for financial sustainability policy, postsecondary finance, and transfer payments.  This includes financial modelling and forecasts, financial oversight, funding policy, tuition policy, Strategic Mandate Agreements, data strategy, as well as ongoing financial activities such as capital planning and funding administration.

How do I qualify? Executive Leadership

An effective leader in the Ontario Public Service (OPS) is responsible, innovative, and collaborative.

    A responsible leader demonstrates authenticity, accountability, and courage in how they interact with others. They model ethical behaviour, are honest and capable of making difficult choices. An innovative leader leads with common purpose, embraces positive disruption, and has a future mindset. They inspire others, value continuous learning, and encourage development and integration. A collaborative leader focuses on helping others to grow, drives people-centered outcomes, and promotes an environment of inclusivity. They consistently work to confront bias and systemic barriers while understanding the importance of creating a more diverse and accessible workplace.
Strategic Leadership

Your experience leading teams through change and transformation will enable you to establish this new division around a collective vision and provide a clear sense of direction in pursuit of the ministry’s objectives. You are skillful at navigating the complex government decision-making environment and maintaining relationships with partners and stakeholders to move your division’s work forward. You take strategic, calculated risks, and challenge your teams to think differently, be proactive, innovate, and fulfill their responsibilities for greatest impact.

Knowledge and Technical Expertise

You have a solid understanding of Ontario’s postsecondary system and funding programs, and how these are related to promoting sustainable social and economic growth. You have a strong financial foundation and insights into government processes and finances to credibly lead and represent teams responsible for sophisticated financial, economic, and capital modeling and planning.

Additional Information The OPS uses multiple methods to assess candidates for executive positions; these may include resume screening, interviews, assignments, psychometric assessments, simulations and reference checks.