Director (REX-07), Life Insurance Group

Important messages

We are committed to providing an inclusive and barrier-free work environment, starting with the hiring process. If you need to be accommodated during any phase of the evaluation process, please use the Contact information below to request special accommodation. All information received in relation to accommodation will be kept confidential.

Information on accommodation for persons with disabilities

Duties

OSFI’s Supervision Sector is seeking a highly motivated individual to join their team in the role of Director. The position is responsible for leading a team of Senior Supervisors involved in the supervision of life insurance companies. Responsibilities include planning, directing, overseeing supervisory activities while ensuring that work is risk focussed and consistent with resource requirements and availability.

The Director is also responsible for actively promoting OSFI values and contributing to OSFI management initiatives and priority projects. Other activities include the identification of emerging risks and trends across the life insurance industry, developing recommendations in response and providing support to the Life Insurance Group. Experience in life insurance and in leading, developing, and coaching staff, are key responsibilities of the position.

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: Number to be determined

Information you must provide

Your résumé.

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

ESSENTIAL EXPERIENCE
● Recent and significant experience in identifying and managing risks for an insurance company at a senior level within an insurance company, consultancy firm, or regulatory body.
● Recent and significant experience in a broad range of various and complex related activities including financial analysis, risk management, underwriting, actuarial valuation and/or pricing, asset-liability management, strategic and financial planning.
● Proven management experience in leading, developing and coaching staff.
● Experience in working with and presenting to senior management and addressing their concerns and priorities.

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

English essential

Information on language requirements

ESSENTIAL EDUCATION
● A university degree, with specialization in commerce, accounting, business, finance, actuarial science, economics, mathematics or other relevant area OR an acceptable combination of education, experience and/or training.
● Achievement of a relevant professional designation such as FSA, FCIA, CFA, CPA, CA, CGA, CMA and FRM.

Degree equivalency

ESSENTIAL KNOWLEDGE
● In-depth knowledge of current and emerging key risks facing the life insurance industry.
● In-depth knowledge of the performance indicators used in the life insurance sector and the information and techniques used in their measurement and management.
● In-depth knowledge of the life insurance industry (including products, principles of risk transfer, asset/liability management, reserve and capital requirements, and related risks).
● Knowledge of new regulatory requirements, international developments, particularly as they relate to accounting, capital and risk management.

ESSENTIAL COMPETENCIES
● Change Leadership
● Critical Thinking
● Developing Others
● Professional Judgement
● 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
● Post graduate degree or professional credential in a relevant field (actuarial science, accounting, MBA, etc.).

Degree equivalency

ASSET EXPERIENCE
● Experience managing projects.

ASSET KNOWLEDGE
● In-depth knowledge of financial institutions’ business units, products, and services with particular emphasis on risk management.

ASSET COMPETENCIES
● Team Leadership
● Impact & Influence
● Developing Myself
● Innovation
● Results Orientation

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 for this position.

Conditions of employment

Reliability Status security clearance

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

Other information

The Public Service of Canada is committed to building a skilled and diverse workforce that reflects the Canadians we serve. We promote employment equity and encourage you to indicate if you belong to one of the targeted groups when you apply.

Information on employment equity

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 .

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.