Managing Director (REX-08), Technology Risk Division

Important messages

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Information on accommodation for persons with disabilities

Duties

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:

Risk Support Sector (RSS) is seeking to fill a Managing Director position that will oversee the new Technology Risk Division (TRD) in OSFI’s Toronto office. The Managing Director will be responsible for overseeing technology risk as it pertains to innovative fintech developments in the financial services industry including information security and organizational resilience to cyber disruption. This position forms part of a larger focus for OSFI on non-financial risks of the financial institutions it regulates. This area of specialised IT risk management will be responsible for supervisory risk assessments (technology and cyber risks), provide consulting advice to Management and Executives within the Risk Support Sector and other sectors, and work collaboratively across OSFI on broader initiatives. This is an exciting opportunity for the successful candidate given OSFI’s direct involvement in the development of Canada’s broader initiatives pertaining to cyber risk.

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 technology 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 information technology, information security, computer science, engineering, commerce, business, finance, economics, mathematics OR a combination of education, experience and training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience related to technology risk management and/or cyber risk in the financial services industry* in one of the following areas: system/data analysis, risk management, or a related control function (i.e. business continuity management, operational risk or internal/external audit e.g. IT governance, operational risk audit).
● 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 technology risk, innovative FinTech products and/or cyber risk as they relate to the financial services industry.
● In-depth knowledge of IT risk management practices and IT controls.
● In-depth knowledge of current and emerging business and environmental trends/issues as they relate to the financial services industry.

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 or one of the following designations/certifications: CA, CGA, CMA, CFA, Certified Information Systems Security Professional (CISSP), Certified Information Systems Auditor (CISA), Certified in the Governance of Enterprise IT (CGEIT) or other relevant designations.

Degree equivalency

ASSET EXPERIENCE
● Recent and significant experience related to technology risk management and/or cyber risk in the financial services industry* in more than one of the following areas: system/data analysis, risk management, or a related control function (i.e. business continuity management, operational risk or internal/external audit e.g. IT governance, operational risk audit).
● Recent and significant experience analyzing innovative fintech products (i.e. machine learning, artificial intelligence) relating to key risk areas for financial institutions.
● Experience in supervising, examining or auditing financial institutions.
● Experience in strategy development, change management, and partnership building.

*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.

ASSET KNOWLEDGE
● Knowledge of the methods, practices and approaches related to integrated planning, business coordination, performance reporting, budget administration and centralized administrative coordination.
● Knowledge of OSFI’s Supervisory Framework and assessments.

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.

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.

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.