Managing Director (REX-08), Capital Markets Risk Assessment Services

Important messages

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Information on accommodation for persons with disabilities

Duties

The Risk Support Sector:
Risk Support Sector is a cross-industry function within OSFI that evaluates specific aspects of risk management capability within federally regulated financial institutions (FRFIs). The sector’s horizontal perspective on risk informs the development of supervisory risk assessments and regulatory expectations for Canada.

Duties:
The Risk Support Sector (RSS) is seeking to fill the Managing Director position in the Capital Markets Risk Assessment Services group. The Managing Director will lead teams responsible for supervisory risk assessments (of market and liquidity risks), provide consulting advice to Management and Executives within the Risk Support Sector and other sectors, and work collaboratively across OSFI on broader initiatives. The successful candidate will possess varied and solid experience in the financial services industry and an in-depth understanding of current business issues and trends in the environment. Developing, coaching, and leading staff (at all levels, including Executive) is a key responsibility of this 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: 1

Information you must provide

Your résumé.

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 commerce, accounting, business, finance, actuarial science, computer science, economics or mathematics OR a combination of education, experience and training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience at the senior management level in the financial services industry*, or equivalent experience in one of the following areas: consulting to the financial services sector in respect of capital markets activity, capital markets experience or other relevant risk management experience in a regulatory function, front office trading, middle office operations, and/or audit experience related to the capital markets field with a large audit firm.
● Significant experience developing, coaching, and training staff.

*Financial services industry includes 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, 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
● In-depth knowledge of evolving business and environmental risk issues as they relate to the Canadian financial services industry, including banks and insurance companies, and in particular to the operation of the capital markets.
● Knowledge of international developments, particularly as they relate to risk management, capital and associated modelling techniques.
● Strong knowledge of governance and the risk management and internal control practices currently employed in trading and treasury activities.

ESSENTIAL COMPETENCIES
● Developing Others
● Change leadership
● Working as a Team
● Collaboration
● Excellent written communication skills
● Excellent oral communication skills

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

ASSET EDUCATION
● An MBA, CA, CGA, CMA, CFA, or other relevant designation.

Degree equivalency

ASSET EXPERIENCE
● Significant experience in the overall management of a capital markets operation, including both the front office and middle/back offices.
● Experience in strategy development, change management, and partnership building.
● Experience with current risk management techniques used in respect of capital markets and trading activities in financial institutions (deposit-taking and/or insurance).
● Experience with project management.
● Experience developing, coaching, and training executive staff.

ASSET KNOWLEDGE
● Knowledge of risk dynamics within the capital markets (specifically the functioning and interdependencies of capital market products).
● Knowledge of complex products and fundamental risk elements.
● Knowledge of derivatives and trading operations.
● Strong knowledge of risk models, stress testing and other assessment techniques, including methods to assess and monitor such models.

ASSET COMPETENCIES
● Impact & Influence
● Developing Myself
● Critical Thinking
● 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.

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.