Director (REX-07), Risk Measurement and Analytics Assessment Services

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

The Director, Risk Measurement Analytics Assessment Services is responsible for leading a team of quantitative specialists involved in the review of financial institutions’ use and control of risk measurement and analytics. Responsibilities will include directing, overseeing and monitoring the work of the group as well as providing consulting advice on risk measurement, risk analytics, and modelling practice issues to other OSFI divisions, and the executive group. Leading, developing, and coaching staff are key responsibilities 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 mathematics, statistics, commerce, business administration, finance, accounting, economics, or other relevant specialization OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in risk measurement, model development or model validation in the financial services industry*.
● Recent and significant experience critiquing risk management practices and identifying key risk areas in financial institutions.
● Experience in leading, developing, coaching, and/or training staff.

* Financial services industry as 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
● Knowledge of risk measurement practice in the financial industry, especially with respect to market risk and/or counterparty credit risk.
● Knowledge of Basel model approval requirements for institutions (including associated control expectations).

ESSENTIAL COMPETENCIES
● Change Leadership
● Working as a Team
● Developing Others
● Impact & Influence
● 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 master’s or Ph.D. degree with specialization in mathematics, statistics, computer science, commerce, business administration, finance, accounting, economics, or other relevant specialization.
● A relevant professional designation.

Degree equivalency

ASSET EXPERIENCE
● Experience with economic capital models and/or stress testing models, and practices in the financial services industry*.
● Experience with project management.

* Financial services industry as 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.

ASSET KNOWLEDGE
● Knowledge of complex derivative products or banking products and associated modeling practices.
● Knowledge of programming languages, such as VBA, C++, Java, R, SAS, Python, JavaScript, Matlab or other relevant object oriented and scripting languages.
● Knowledge of data science analytic techniques (predictive and prescriptive modeling), machine learning tools and algorithms , artificial intelligence applications, big data platforms or other relevant areas with applications in the financial sector.
● Knowledge of formal research techniques.

ASSET COMPETENCIES
● Results Orientation
● Innovation
● Critical Thinking

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

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.

RESUMES:
Applicants must clearly demonstrate using sufficient details, how they meet the education and experience factors listed under the essential qualifications, as well as any of the asset qualifications that are applicable, including timelines of when this experience was gained (please indicate month and year). Lack of DETAILS may result in your application being rejected as the Assessment Board may have insufficient information to determine whether you meet the qualifications.

SCREENING QUESTIONS (if applicable):
It is the responsibility of the candidate to clearly outline that they meet each of the screening criteria (i.e. Education and Experience Qualifications, both Essential and Assets) by RESPONDING TO THE SCREENING QUESTIONS IN THE ONLINE APPLICATION. Please note that it is not sufficient to only state that the requirement is met or to provide a listing of current responsibilities, rather the candidate must provide concrete examples that illustrate how they meet the requirement. Your resume will be used to validate the answers provided; therefore, it should also contain sufficient details regarding your education and experience.

REFERENCE CHECKS/PERFORMANCE REVIEWS:
As part of the assessment, reference checks may be sought and internal candidates to OSFI may be required to submit their performance reviews. For internal candidates, the Assessment Committee reserves the right to contact references other than those provided by the candidate (within the Public Service ONLY), in order to adequately assess the candidates. This may include the candidates’ current or past managers.

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).

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.

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 .

FOR INTERNAL PROCESSES ONLY:
Once the appointment process is finalized, you will be notified of the results. Notifications related to this selection process, will be posted on the Public Service Resourcing System.

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.