Managing Director (REX-08), Property and Casualty Insurance Group

Important messages

LOCATION:
Toronto-based position. The successful candidate could work remotely from one of the OSFI offices across Canada; the one closest to their place of residence. Working remotely will require travel to Toronto.

Duties

The Managing Director is responsible for leading teams carrying out the supervision of property and casualty insurance companies regulated by OSFI. The position oversees the activities carried out in assessing the safety and soundness of the financial institutions, identifying unsafe practices and taking direct and early intervention, as appropriate. The position is expected to provide high quality support through empowerment and delegation and by giving employees the necessary tools and professional development to carry out their responsibilities. This position is also responsible for providing tactical and operational advice to the Senior Director, as well as represents OSFI with external stakeholders and will influence regulatory policy, where appropriate.

Other responsibilities of the position include key operational support accountabilities for PCG including: providing advice, recommendations and direction to internal management issues such as business planning/human resource planning, etc.; annual work planning; and, interacting with working groups involved in various Insurance Supervision projects. The position also provides oversight to the Securities Administration Unit which is responsible for administering the vested asset regime for foreign insurance branches, reinsurance collateral (trust) agreements and capital equivalency deposits for foreign branch branches.

Intent of the process

The immediate intent of this process is to fill one indeterminate position on a Bilingual Imperative (CBC/CBC) basis.

This selection process may be used to establish a pool of qualified candidates, which may be used to staff identical positions with various linguistic profiles and/or requirements (English Essential, Bilingual Imperative CBC/CBC), security profiles (reliability or secret) and various tenures (term, indeterminate, assignment, acting and deployment), which may vary according to the position being staffed.

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 with specialization in finance, accounting, actuarial science, economics, business administration, mathematics, or other relevant area OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience working within the P&C insurance industry in finance, risk management, reinsurance etc., and/or recent and significant supervisory/regulatory experience.

● Experience dealing with risk management issues for P&C companies of varying sizes and complexity requiring extensive analysis and recommendations for resolution.

● Recent experience in leading/managing or developing/coaching staff.

● Experience managing multiple projects.

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

Bilingual - Imperative (CBC/CBC)
The immediate intent of this process is to fill one indeterminate position on a Bilingual Imperative (CBC/CBC) basis.

Information on language requirements

Second Language Writing Skills Self-Assessment
In order to help you decide if you should apply to a bilingual position, an optional self-assessment of your writing skills in your second official language is available for you to take before completing your application.

For more information, please consult:
Unsupervised Internet Test of Second Language Writing Skills

ESSENTIAL KNOWLEDGE
● In-depth knowledge of the insurance industry and in particular current and emerging insurance risks impacting property & casualty insurers.

● Strong knowledge of governance and risk management practices currently employed in the P&C insurance industry.

● Knowledge of current and pending Canadian regulatory requirements and international developments affecting P&C insurers particularly as they relate to accounting, capital and risk management.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Change Leadership
● Developing Others
● Impact and Influence

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

ASSET EDUCATION
● A graduate degree in finance, accounting, actuarial science, economics, business administration, mathematics, or other relevant area.

● Professional accreditation (CPA-CA, CPA-CGA, CPA-CMA, FCAS).

Degree equivalency

ASSET EXPERIENCE
● Experience in life insurance.

● Experience in managing technical and non-technical areas and issues.

● Experience in managing multiple projects simultaneously to client expectations, timelines and budgets.

ASSET KNOWLEDGE
● Knowledge of planning, costs, and management principles, methods and practices.

ASSET COMPETENCIES
● Working as a Team
● Results Orientation
● Developing Myself
● Innovation
● Excellent Oral Communication Skills
● Excellent Written Communication Skills

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 - Agreement to be deployed into another REX position with OSFI at the same level.

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.