Manager (RE-06), Risk Measurement and Analytics Assessment Services

Duties

OSFI’s Risk Measurement Analytics Assessment Services (RMAAS) is looking for a highly motivated individual to join the team in the Manager role. This position will be part of a team responsible for assessing the appropriateness of institutions’ applications to use and/or modify risk models for the calculation of regulatory capital. Responsibilities also include liaising with Supervision teams as well as providing advice on risk measurement, risk analytics, and modelling practice issues to internal and external stakeholders of Federally Regulated Financial Institutions.

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 with specialization in mathematics, statistics, finance, economics or other discipline with familiarity of quantitative subjects OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent experience working in the financial services industry* or experience in supervising, examining or auditing financial institutions.

● Recent experience in risk measurement or risk management, model development or model validation, in the financial services industry*.

*Financial services industry experience is defined as experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms, and accounting firms (dealing with audits), as well as government departments that directly deal with the supervision and regulation of these institutions.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of mathematical concepts and measures of risk used in the financial industry with respect to credit or market risk.

● Knowledge of complex financial products and associated modelling practices.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Developing Myself
● Developing Others
● 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
● Graduate degree in mathematics, statistics, economics or other relevant discipline.

● A relevant professional designation.

Degree equivalency

ASSET EXPERIENCE
● Experience in one or more of the following areas: credit, market or counterparty credit risk and/or risk management processes.

● Experience in critiquing risk management practices and identifying key risk areas in institutions.

● Experience in project management.

ASSET KNOWLEDGE
● Knowledge of the development, validation, vetting and/or approval of regulatory capital models.

● Knowledge of risk measurement and management practices relating to stress testing and/or economic capital and or expected credit loss.

● Knowledge of wholesale and/or retail credit and/or capital market products and their associated risk models.

● Knowledge of best practice and evolving standards in model governance and controls.

ASSET COMPETENCIES
● Professional Judgment
● Working as a Team

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.