Manager, Life Insurance & Manager, Mortgage Insurance (RE-06)

Duties

OSFI’s Insurance Supervision Sector (ISS) has openings in its Life Insurance and Mortgage Insurance Groups for three highly motivated individuals to join the teams as a Manager in the Toronto office. These individuals will be involved in the analysis and assessment of the risk profile and risk management practices of federally regulated insurance companies, and will lead or participate in a variety of other projects. At the same time, candidates with the appropriate qualifications may be considered for other manager level positions in ISS.

Intent of the process

The intent of this process is to staff two Manager positions within the Life Insurance Group and one Manager position in the Mortgage Insurance Group. 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. Qualified candidates may be considered for other manager level positions in the Insurance Supervision Sector.

Positions to be filled: 3

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 specializing in accounting, actuarial science, business, commerce, economics, mathematics or another relevant field; or a combination of relevant education, training and experience.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in identifying key risk areas and assessing risk management and oversight practices in the financial services sector*.
● Recent and significant experience in analyzing financial reporting specific to the banking, life insurance, mortgage insurance or reinsurance industry, including capital.
● Experience communicating and presenting complex issues to senior executives within the financial services sector and/or OSFI.

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

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of one or more of the following key areas: risk management, internal control practices, financial services performance indicators, and actuarial standards and practices along with the information and techniques used in the measurement and management of one of the key areas.
● Extensive knowledge of the key risks and issues facing the life insurance, mortgage insurance, reinsurance or banking sectors in Canada.
● Extensive knowledge of life insurance, mortgage insurance, reinsurance or banking products and practices.
● Extensive knowledge of the operations and structure of the life insurance, mortgage insurance, reinsurance or banking industry.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Results Orientation
● Working as a Team
● 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
● A post graduate degree.
● Achievement of or working towards a professional designation such as CFA, CPA, FRM, CERA, FSA, FCIA or FCAS.

Degree equivalency

ASSET EXPERIENCE
● Recent and significant financial services regulatory experience in supervising insurance, reinsurance or banking institutions.

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

ASSET COMPETENCIES
● Professional Judgment
● Impact and Influence
● Organisational Commitment

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 out-of-town travel may be 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.