Call for applications: Consumer Protection Advisory Committee  

From: Financial Consumer Agency of Canada

The Commissioner of the Financial Consumer Agency of Canada (FCAC), Ms. Judith Robertson, is looking for experienced senior representatives from the public, private and non-profit sectors who want to make a significant contribution to the financial protection of Canadians by becoming a member of FCAC’s Consumer Protection Advisory Committee (CPAC or “Committee”).

Purpose

The purpose of CPAC is to provide advice and share insights in support of FCAC’s financial consumer protection mandate, on:

  • FCAC priorities and objectives;
  • emerging trends, issues and research; and
  • other matters relevant to financial consumers.

CPAC members will help inform FCAC’s supervision work, research initiatives, development of consumer education material and provide input on the evolving nature of the financial services sector and the needs of Canadians. In addition, members will share their perspectives on marketplace trends, issues related to financial services and products, and how changes in the financial services sector are impacting Canadians.

Application

Please complete and send your application form to CPACapplications-candidaturesCCPC@fcac-acfc.gc.ca by February 23, 2020, at 11:59 PM Pacific Standard Time. Only complete applications received by the due date will be given consideration.

Candidates

Candidates should describe in their application their interest in financial services and/or consumer protection as well as their roles, responsibilities and experience in matters relevant to financial consumers.

The members are appointed by the Commissioner of FCAC and include individuals from the public, non-profit and private sectors. The Commissioner considers the roles, experience, and knowledge of individuals as well as the geographical location, representation, reach and scope of applicants’ organizations (if applicable) in selecting members of the Committee.

Member selection will be open and transparent, representative of Canada’s diversity and merit-based. The Commissioner also reserves the right to select a member who, in her view, has expertise or represents interests that may help advance FCAC’s priorities.

Candidates should have experience as senior representatives of organizations or in their field of expertise, and significant leadership experience in financial services and/or consumer protection.

Members

As per the CPAC 2020 Terms of Reference, members are appointed to serve a term of two (2) years or such other duration as may be specified at the time of the appointment. A term may be extended to, but will not exceed, five (5) years. Terms may be staggered so that a certain number of vacancies need to be filled in any one year.

Members are required to actively participate in the Committee’s activities, and to demonstrate the importance they, and if applicable their organization, accord to financial consumer protection issues and the identification and evaluation of emerging trends.

FCAC may authorize the Committee to form subcommittees to address other specific matters of interest.

Meetings

In general, there will be two CPAC meetings a year. They can be in person or virtual, as determined by FCAC. FCAC may invite non-members to attend CPAC meetings to discuss specific issues requiring outside expertise.

FCAC provides secretariat services to the Committee, including convening and administering the CPAC meetings, preparing, approving and disseminating the meeting agenda and providing access to any related materials.

Remuneration, travel and hospitality

There is no honorarium payable to attend CPAC meetings and members are expected to pay their travel and accommodation costs.

Certain members may be eligible for reimbursement of travel and accommodation costs. Eligibility will be assessed by FCAC on a case-by-case basis. Any reimbursement is contingent on FCAC’s approval of travel arrangements prior to their booking and on the costs being in accordance with the National Joint Council’s Travel Directive and the Directive on Travel, Hospitality, Conference and Event Expenditures of the Treasury Board Secretariat.

Background

The Consumer Protection Advisory Committee (CPAC) was established in March 2018 to provide guidance and advice to the Commissioner in carrying out the Agency’s financial consumer protection mandate.

The inaugural Committee’s members are completing their two-year term in February 2020.

For more information

For more information, contact CPACapplications-candidaturesCCPC@acfc-fcac.gc.ca

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