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Penny Somerville, Fcpa, Fca; Icd.D

Member of the Board of Directors at <span class="not-italic font-text_font lg:text-[18px] text-[16px] font-bold claimed">OMERS Administration Corporation</span>
Intro Book
Seasoned finance and audit professional with 40+ years of experience in risk management, finance, and governance.
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Location
Mississauga, Ontario, Canada, CA
Skills
  • Risk Management
  • Finance
  • Financial Risk
  • Auditing
  • Accounting
  • Show all
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Bio

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Penny Somerville, FCPA, FCA; ICD.d, is a seasoned finance and audit professional with 40+ years of experience in risk management, finance, and governance. She has held various senior roles in finance and risk, including executive positions at BMO Financial Group and OMERS Administration Corporation. Penny is also a member of the Board of Directors and Audit Committee at the University of Toronto and Runnymede Healthcare Centre. She has a strong educational background in accounting and has obtained her Chartered Professional Accountant designation.

Credentials

  • Chartered Professional Accountant
    -

Experience

  • OMERS Administration Corporation
    • Toronto, Canada Area
    • Member of the Board of Directors
      • Feb 2015 - Present
      • Toronto, Canada Area
  • University of Toronto
    • Toronto, Canada Area
    • Member of Audit Committee
      • Mar 2013 - Present
      • Toronto, Canada Area
  • Runnymede Healthcare Centre
    • Toronto, Canada Area
    • Member of the Board of Directors; Audit and Finance Committee; Quality Committee
      • Jun 2010 - Present
      • Toronto, Canada Area
  • Queen's University
    • Kingston,Ontario
    • Member, School of Business Advisory Board
      • 2006 - Present
      • Kingston,Ontario
  • University of Toronto
    • Toronto, Canada Area
    • Member of Business Board
      • 2010 - 2013
      • Toronto, Canada Area
  • BMO Financial Group
    • Various executive roles
      • Feb 1985 - Aug 2012

      Held a number of senior roles largely in Finance and Risk including: SVP & Corporate ControllerEVP & TreasurerEVP & Head of Market RiskEVP, BaselEVP, Technology & Operations, Initiatives

  • Moneris Solutions Corporation
    • Toronto, Canada Area
    • Board and Audit Committee member
      • 2003 - 2009
      • Toronto, Canada Area
  • KPMG Canada (formerly Peat Marwick Mitchell)
    • Auditor
      • Sep 1978 - Jan 1985

      Articled to obtain my Chartered accountancy designation (now CPA).After auditing in my early years with PMM, I moved to the national professional practice area of the firm where I provided technical accounting and auditing advice to offices across the country.

Education

  • 1974 - 1978
    Queen's University, Kingston

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