Director, Insurance

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)

EDUCATION
- A degree*, from a recognized Canadian university, in law (B.C.L., LL.L., LL.B. or J.D.), commerce, business administration, finance, accounting or economics or another field relevant to the position

*The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities

EXPERIENCE
- At least 3 years of significant** and recent*** individual or combined experience in the following:
a) applying, interpreting, or providing advice on one or more of the following statutes administered by OSFI: the Bank Act, Insurance Companies Act, or Trust and Loan Companies Act
b) the prudential supervision of federally regulated financial institutions
c) the development or administration of Canada’s Federal financial services sector’s legislative framework
d) working in lower or upper middle management, or senior management****, in the Canadian financial services industry and/or for an organization that carries out the prudential regulation of financial service entities

- Significant** and recent*** experience in managing a team of professionals. (Examples of managing a team of professionals may include: assigning work, managing performance, developing resourcing plans, determining needs and approving training, etc. Applicants must indicate the number of staff they supervised and the duration)

**Significant experience is understood to mean the depth and breadth of the experience normally associated with having performed a broad range of various related activities over a period of approximately 3 years.
*** Recent is defined as experience acquired in the 10 years prior to the application for the current position.
**** Senior management is defined as the most senior staff of an organization or business, including the heads of various divisions or departments led by the chief executive; upper middle management is defined as the staff that reports directly to senior management; lower middle management is defined as the staff that reports directly to upper middle management.

Degree equivalency

If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

ASSET EXPERIENCE
- At least 5 years of significant experience** applying, interpreting, providing advice on, or ensuring compliance with one or more of the following statutes administered by OSFI: the Bank Act, Insurance Companies Act, or Trust and Loan Companies Act

*Significant is defined as the breadth and complexity of experience that would normally be acquired where the experience was directly a part of the regular work duties of the candidate

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

Bilingual - Non Imperative (CBC/CBC)

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

KNOWLEDGE
- Knowledge of the regulatory framework that applies to federally regulated financial institutions, including statutory approval requirements and OSFI’s intervention authorities
- Knowledge of the insurance industry
- Knowledge of current and emerging key risks in the financial services industry

COMPETENCIES
- Critical Thinking
- Professional Judgement
- Working as a Team
- Change Leadership
- Impact and Influence

ABILITIES
- Ability to communicate effectively in writing
- Ability to communicate effectively orally

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

ASSET KNOWLEDGE
- Knowledge of the responsibilities and roles of the federal government organizations involved in the regulation of the financial industry

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
- Ability and willingness to travel and to work overtime, when required

Conditions of employment

CONDITIONS OF EMPLOYMENT
- Security - Secret Clearance
- Consent to the possibility of being deployed to another equivalent REX position at OSFI

Other information

A written exam will be administered.

An interview will be administered.

Reference checks may be sought.

The ability to communicate effectively in writing may be assessed using the candidate's application, as well as through a written exam.

Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.

Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications may be applied at any time during the staffing process, including screening. Candidates may be contacted and assessed against these criteria at any time during this process.

Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

All job applications must be submitted through the www.canada.ca/government-jobs website. Do not fax, email or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.

If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you require 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: .

OSFI's Ottawa location is downtown with easy access to shopping, restaurants, gyms, financial institutions and more. The building is less than a five minute walk from the Transitway and from the nearest STO stop.

As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act. OSFI is named in Schedule V of the Financial Administration Act and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

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.