Senior Supervisor (RE-05)/ Manager (RE-06), AML and Compliance Division

Important messages

NOTE: The classification level will be determined based on the depth and breadth of the successful candidate's qualifications, as well as their assessment results.

Duties

RE-05 Senior Supervisor:
Under the direction of the Manager, the Senior Supervisor is responsible for conducting anti- money laundering and anti- terrorist financing (AML/ATF) assessments of federally regulated banks, trust and loan companies, and life insurance companies:
● To assess the adequacy of their risk management controls and procedures to mitigate their risk exposure to money laundering activities;
● To assess their ability to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), related regulations and FINTRAC and OSFI guidelines;
● To prepare reports and make presentations to internal and external stakeholders including FINTRAC, on the results of these reviews; and
● To follow-up with the institutions on any deficiencies identified during the course of the reviews.

RE-06 Manager:
The Manager is responsible for:
● Working closely with the AML/ATF assessment team and Supervision teams to evaluate the effectiveness of implementation of OSFI AML/ATF recommendations by federally regulated financial institutions (FRFIs);
● Organizing and leading AML/ATF assessments and related reporting, including identifying and escalating key issues and making appropriate value-added recommendations to FRFIs;
● Monitoring the implementation of measures to remedy any deficiencies identified in the assessments;
● Monitoring emerging ML/TF risks and analyzing pertinent industry practices in relation to institution-specific ML/TF risks and mitigants;
● Leading and participating in complex projects and providing leadership to Senior Supervisors involved in supervising FRFIs;
● Liaising with other divisions internal to OSFI, as well as external stakeholders, such as FINTRAC.

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.

*Please note that deployments may be considered before considering applicants in the advertised appointment process: employees at the same group and level or equivalent may be considered for deployment.*

Positions to be filled: 2

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 law, business, finance, commerce, and/or accounting or other relevant field OR a combination of education, training and experience.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in the financial services industry* in the area of AML/ATF Compliance, Risk Management or in the regulation of financial institutions.
*Financial services industry experience is defined as experience working in a financial institution, including banks, professional consultant service firms, 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.
● Recent and significant experience in assessing and/or testing risk management practices, preferably AML/ATF practices, and identifying key risk areas in financial institutions.
● Recent and significant experience in executing on site AML/ATF reviews of financial institutions, or reviews requiring similar skills and approaches.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of the extent of, and problems associated with, money laundering and terrorist financing and efforts to combat money laundering and terrorist financing.
● Knowledge of the PCMLTFA and associated regulations, OSFI’s Guideline B-8 and FINTRAC guidance.
● Knowledge of AML/ATF risk management practices and procedures of financial institutions.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Working as a Team
● Professional Judgment
● Impact and Influence
● Excellent written communication skills
● Excellent oral communication skills
RE-06 ONLY:
● Developing Others

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

ASSET EDUCATION
● Certified Anti-Money Laundering Specialist (CAMS) or Canadian Anti-Money Laundering Institute (CAMLI).
● A professional designation in accounting, financial analysis, law or other relevant professional qualification.

Degree equivalency

ASSET EXPERIENCE
● Experience in managing and/or leading a team.
● Experience making presentations to senior management.
● Experience in supervising, examining or auditing financial institutions for AML/ATF requirements.
● Experience in developing, evaluating, and/or implementing risk management systems used by financial institutions to mitigate the risks that arise from their products and services being used for money laundering or terrorist financing.

ASSET KNOWLEDGE
● Sound knowledge of OSFI’s Supervisory Framework.

ASSET COMPETENCIES
● Change Leadership
● Developing Myself

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 is required.

Conditions of employment

Reliability Status security clearance

Other information

For this selection process, it is our intention to communicate with candidates via email. Candidates must include a valid email address in their application. It is the candidate’s responsibility to ensure accurate information is provided and updated as required. As a result you must update your personal information on your Public Service Resourcing System profile if it changes.

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).

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 .

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.