Senior Supervisor, Life Insurance Group (RE-05)

Duties

OSFI is a world-class financial regulator responsible for the regulation and supervision of all federally registered Canadian financial institutions. OSFI also monitors federally regulated private pension plans and provides actuarial advice to the Government of Canada. OSFI's prime responsibility is to protect the rights and interests of policyholders, depositors and pension plan members, and contribute to public confidence in Canada's financial system.

The Life Insurance Group is a division of the Insurance Supervision Sector at OSFI, responsible for supervising all Federally regulated Life Insurance Institutions. The Life Insurance Group is looking for a highly motivated and confident individual with extensive experience in the life insurance industry to participate in the supervision, analysis and assessment of the financial condition, risk profile and risk management practices of federally regulated life insurance and reinsurance financial institutions. This position contributes to the overall safety and soundness of federally regulated financial institutions through performance of supervisory activities in accordance with OSFI’s Supervisory Framework. The Supervisory Framework can be found on OSFI’s website. The ideal candidate will be able to demonstrate his or her strength in the following competencies: judgment, initiative, critical thinking, teamwork and cooperation, and excellent oral and written communication.

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 in business, actuarial science, economics, accounting or other relevant field or an acceptable combination of education, experience and training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in life insurance and/or reinsurance in at least two or more of the following areas:
- Life insurance accounting and financial analysis,
- Actuarial pricing and/or valuation,
- Identification of key risks and the development, assessment and measurement of risk management oversight systems, strategy, policies, procedures and practices in life insurance.

● Experience in the preparation of senior executive level reports.

● Experience communicating and presenting complex issues to senior executives within the life insurance industry.

● Experience in analyzing financial reporting specific to the life insurance and/or reinsurance industry, including capital.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Extensive knowledge of the key risks and issues facing the life insurance and/or reinsurance sectors in the Canadian life insurance industry.

● Extensive knowledge of life insurance products and practices.

● Extensive knowledge of the operations and structure of the Canadian life insurance/reinsurance industry and insurers.

● Extensive knowledge of the key risks and issues resulting from an analysis of life insurers and/or reinsurer’s financial statements/ information.

ESSENTIAL COMPETENCIES
● Judgement
● Initiative
● Critical Thinking
● Teamwork & Cooperation
● 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 EDUCATION
● Post graduate degree.

● Achievement of or working towards a professional designation such as CFA, CPA, FRM, CERA, ASA or FSA.

Degree equivalency

ASSET EXPERIENCE
● Experience in the management of investment risks/asset liability management.

● Experience in regulatory compliance.

ASSET KNOWLEDGE
● Knowledge of supervisory and/or regulatory processes.

ASSET COMPETENCIES
● Results Oriented
● Interpersonal Communication
● Impact & Influence

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
● 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.