Prior to Rotman, Tiff Macklem served as senior deputy governor of the Bank of Canada, sharing responsibility with the governor and four deputy governors for monetary policy and for the Bank’s role in promoting financial stability. He was also the Bank's chief operating officer and a member of its board of directors, overseeing strategic planning and coordinating the Bank’s operations. Macklem has also played a leading role in efforts to ensure stable financial systems worldwide. Before his appointment at the Bank, Macklem served as associate deputy minister of the federal Department of Finance and Canada’s finance deputy at the G7 and G20, the IMF, and the Financial Stability Board. He also served as chair of the Standing Committee on Standards Implementation of the Financial Stability Board.