Government of Canada
Symbol of the Government of Canada

Canada Deposit Insurance Corporation


Organization

Board of Directors
CDIC's Board of Directors consists of a private sector Chairperson, five private sector directors, and five public sector directors who serve ex officio on the CDIC Board. Those public sector directors are the Governor of the Bank of Canada; the Deputy Minister of Finance; the Superintendent of Financial Institutions; the Commissioner of the Financial Consumer Agency of Canada; and a Deputy Superintendent of Financial Institutions or other officer of the Office of the Superintendent of Financial Institutions appointed by the Minister. The Chairperson and private sector directors are appointed by the Minister with the approval of the Governor in Council.

President and CEO
The President and CEO is responsible for the overall management of the Corporation, for strategic planning and for liaising with the Board of Directors. The President and CEO is appointed by the Minister with approval of the Governor in Council.

Audit and Consulting Services
CDIC's internal Audit and Consulting Services function reports directly to the Audit Committee of the Board of Directors and the President and CEO.

Corporate Affairs Division
This division is comprised of the Communications and Public Affairs Department, the Human Resources Department and the Legal Department.

The Communications and Public Affairs Department is responsible for providing internal and external communications, public relations and linguistic services. It manages a multi-year public awareness program on deposit insurance and CDIC's Web site and toll-free information line.

The Legal Department is responsible for providing legal counsel and advice in all legal matters affecting the Corporation.

Finance and Administration Division
This division is comprised of the Finance Department, the Corporate Strategy, Project Management and Reporting function and the Information Systems Department.

The Finance Department is responsible for the accounting, financial planning, and treasury activities of the Corporation. The Corporate Strategy, Project Management and Reporting function is responsible for the coordination of the strategic management, planning and reporting processes, as well as facilitating the management and associated reporting of progress of projects across the Corporation. The Information Systems department is responsible for information management, application development and technical infrastructure support.

Insurance and Risk Assessment Division
This division is comprised of the Insurance Department, the Risk Assessment Department, the Risk Assessment and Intervention Department, the Information and Methodology Department, the Policy and International Department and the Corporate Risk function.

The responsibilities of the Insurance and Risk Assessment Division include the effective operation of the insurance, member relations, and risk assessment functions of the Corporation, the development of systems and procedures for the conduct of interventions and the management of claims and recoveries associated with past failed member institutions. This division is also responsible for administering the system of differential premiums.

The Corporate Risk function is responsible for coordinating and facilitating CDIC's enterprise risk management process, which is designed to ensure and demonstrate that CDIC's significant risks are being continuously and consistently identified, assessed, managed, monitored and reported on.

The Policy and International Department is responsible for conducting research on and analyzing emerging financial sector policy issues, for assessing and developing public policies that relate to CDIC's mandate and operations and for co-ordinating CDIC's international activities.