Senior Accounting Advisor (RE-06), Accounting Policy Division

Duties

The Accounting Policy Division is seeking a highly motivated Senior Accounting Advisor to join the Accounting Policy Division (APD) for a one-year term. The Accounting Policy Division delivers a wide range of professional, high-quality expert accounting advisory services to other areas of OSFI. The Senior Accounting Advisor will participate in identifying and evaluating changes to IFRS standards and their impacts to financial institutions and OSFI’s ability to effectively regulate and supervise them.

The Senior Accounting Advisor will bring their knowledge of the accounting issues in the banking or insurance sector and:
● Identify and communicate emerging financial reporting risks at the industry level, either from industry practices or accounting and reporting responses to market evolution.
● Develop accounting guidelines (as required) setting out OSFI’s accounting and reporting requirements.
● Provide advisory, due diligence, onsite and educational support to the Supervision, Regulation and Corporate Services Sectors.
● Participate in working with external standard setters and international regulatory groups as required, in shaping their views on emerging international accounting standards and contributing to their efforts in the development of international standards.

Intent of the process

This selection process may be used to establish a pool of qualified candidates, which could be used to staff similar or identical positions with various linguistic profiles and requirements, security profiles and various tenures.

Positions to be filled: 1

Information you must provide

Your résumé.

You must meet all essential qualifications in order to be appointed to the position. Other qualifications may be a deciding factor in choosing the person to be appointed. Some essential and other qualifications will be assessed through your application. It is your responsibility to provide appropriate examples that illustrate how you meet each qualification. Failing to do so could result in your application being rejected.

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

ESSENTIAL EDUCATION
● A university degree.

● Chartered Professional Accountants of Canada designation or equivalent.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in one or more of the following areas:

- Financial reporting or accounting policy functions within a bank or insurer.
- Auditing banks or insurers.
- Supervision of banks or insurers.

The following will be applied / assessed at a later date (essential for the job)

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of international Financial Reporting Standards (IFRS), especially those standards most relevant to banks or insurers.

● Knowledge of OSFI’s guidelines on accounting and disclosure.

ESSENTIAL COMPETENCIES
● Building Business Relationships
● Critical Thinking
● Impact and Influence
● Judgement
● Excellent Oral Communication Skills
● Excellent Written Communication Skills

The following may be applied / assessed at a later date (may be needed for the job)

ASSET EXPERIENCE
● Experience in project management.

ASSET KNOWLEDGE
● Knowledge of IFRS 9 Financial Instruments and/or IFRS Insurance Contracts accounting.

● Knowledge of professional standard-setting processes.

● Knowledge of domestic financial regulatory information, returns and filing requirements.

ASSET COMPETENCIES
● Flexibility
● Innovative Thinking
● Results Oriented
● Teamwork and Cooperation

Organizational Needs: In order to meet the organization’s employment equity objectives in support of a diversified workforce, ‘right fit’ selection for this position may be made from among qualified candidates who self-declare as being Persons with a disability or Aboriginal peoples.

OPERATIONAL REQUIREMENTS
● Some travel may be required.

Conditions of employment

Reliability Status security clearance

Other information

Applicants must clearly demonstrate using concrete examples, how they meet the education and experience factors listed under the essential qualifications, as well as any of the asset qualifications that are applicable. Applicants must provide concrete examples that illustrate how they meet the requirement, as well as time lines of when this experience was gained (please indicate month and year).

Internal indeterminate employees of OSFI at the same group and level or equivalent may be considered for deployment or assignment before considering applicants in the advertised appointment process.

Reference checks may be conducted.

Your application may be used to assess written communication.

OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).

It is the responsibility of the candidate to ensure that accurate contact information is provided and updated as required.

The client organization will accept applications on-line only. All job applications must therefore be submitted through the Public Service Resourcing System. To submit an application on-line, please select the button 'Apply online' below. Persons with disabilities preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you request special accommodation at any stage in the selection process, including technical aid to ensure an equitable assessment of your qualifications, please inform us by sending an e-mail to the following address .

To submit an application online, please click on the button "Apply Online" below.

The Public Service of Canada is committed to building a skilled, diverse workforce reflective of Canadian society. As a result, it promotes employment equity and encourages candidates to indicate voluntarily on their application if they are a woman, an Aboriginal person, a person with a disability or a member of a visible minority group.

The Public Service of Canada is also committed to developing inclusive, barrier-free selection processes and work environments. If contacted in relation to a job opportunity or testing, you should advise the Public Service Commission or the departmental official in a timely fashion of the accommodation measures which must be taken to enable you to be assessed in a fair and equitable manner. Information received relating to accommodation measures will be addressed confidentially.

Preference

Preference will be given to veterans and to Canadian citizens, in that order.

Information on the preference to veterans

We thank all those who apply. Only those selected for further consideration will be contacted.