Volunteer Position: Investment Advisory Committee Member
Number of Positions Available: 3
Organization: Friends of the Ottawa Public Library Association (FOPLA)
https://www.fopla-aabpo.ca
Location: Virtual/Occasional in-person meetings in Ottawa, Ontario
Position Type: Volunteer
Time Commitment: Approximately 2 meetings per year
Overview
The Friends of the Ottawa Public Library Association (FOPLA) is seeking committed and knowledgeable volunteers to join its Investment Advisory Committee. The Committee supports FOPLA’s mission by providing oversight, guidance, and reporting on the investment portfolio managed by a third-party investment manager. This is an opportunity to contribute to a respected organization and support Ottawa's public library system by ensuring responsible and effective fund management.
Key Responsibilities
- Oversight & Reporting: Participate in reviewing and assessing the performance of the FOPLA Investment Fund, which is managed by an external investment manager. The Committee is accountable to the FOPLA Board of Directors for providing oversight to ensure the portfolio aligns with FOPLA’s objectives, including capital preservation, risk management, and income generation.
- Investment Policy Review: Assist in the annual review and potential amendment of the Investment Policy Statement (IPS). The IPS outlines FOPLA’s investment objectives, asset allocation guidelines, and risk tolerance levels, and supports the Committee in achieving long-term financial goals.
- Risk & Compliance Management: Monitor the Fund to ensure compliance with the established asset allocation, liquidity, and risk diversification guidelines. Provide recommendations to the Board for any policy adjustments in response to market changes or organizational needs.
- Reporting Requirements: Contribute to the preparation of the semi-annual and annual investment reports presented to the Board, summarizing portfolio performance, market impacts, and any recommended changes to the IPS.
- Financial Expertise: Professional experience in finance, investment management, or portfolio oversight is highly desirable.
- Analytical Skills: Ability to analyze financial performance and identify areas for adjustment to optimize fund outcomes.
- Understanding of Nonprofit or Public Sector Investments: Experience with endowment funds or investments for nonprofit organizations would be beneficial.
- Commitment to FOPLA's Mission: An understanding of and commitment to the mission and goals of FOPLA and the Ottawa Public Library system.
Meeting Schedule
The Investment Advisory Committee convenes for two formal meetings per year, with additional meetings as needed, either virtually or in person.
Application Process
To apply, please submit your resume and a cover letter detailing your experience in investment oversight and why you’re interested in supporting FOPLA’s mission to [email protected].
This volunteer role is a unique opportunity to leverage your expertise in investment management for a cause that supports the cultural and educational well-being of the Ottawa community.