Senior Officer, Legislation and Approvals

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

A Senior Officer, Legislation and Approvals analyzes applications from Federally Regulated Financial Institutions (FRFIs) as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Senior Officer is expected to identify any prudential, legislative or public policy issues that may pertain to the application and maintain working relationships with a wide range of internal and external stakeholders.

Intent of the process

This process may also be used to create a pool of partially-qualified and/or qualified candidates to staff identical or similar positions with various tenures (ex. indeterminate, term, casual), various language requirements (bilingual imperative, English Essential) and linguistic profiles (BBB/BBB, CBC/CBC), and various security requirements (reliability or secret) at the Office of the Superintendent of Financial Institutions.

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)

EDUCATION:
- A degree* from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, public administration, actuarial science or law.
OR
- Any other degree* from a recognized post-secondary institution with a membership in a Canadian professional association of accountants or chartered financial analysts.

*The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities.

Degree equivalency

EXPERIENCE:
- Recent** and considerable*** experience in one, or a combination, of the following areas:

- Conducting financial analysis of financial institutions (e.g. property and casualty insurers, life insurers, deposit taking institutions or pension plans)
- Researching and analyzing financial information, business plans or legal agreements related to the financial services sector.
- Developing risk management policies, procedures or guidelines related to the financial services sector.
- Identifying key risks of a financial institution and making recommendations for the mitigation of those risks.
- Providing legal advice or opinions with regards to commercial or financial transactions.
- Carrying out the prudential regulation of financial services entities.
- Formulating public policy (e.g. advice, research, laws, guidelines) in relation to financial institutions.

- Experience writing reports, which include recommendations to management.

**Recent: Experience acquired within the last 5 years.
***Considerable: A depth of experience accumulated over a period of at least 2 years.

If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

ASSET EDUCATION:
- A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law or public administration.
- Membership in a Canadian professional association of accountants or chartered financial analysts.

Degree equivalency

ASSET EXPERIENCE:
- At least five years’ experience working in one, or a combination of the following areas:

- Conducting financial analysis of financial institutions (e.g. property and casualty insurers, life insurers, deposit taking institutions or pension plans) within the financial services sector.
- Researching and analyzing financial information, business plans, or legal agreements related to the financial services sector.
- Developing risk management policies, procedures, or guidelines related to the financial services sector.
- Identifying key risks of a financial institution and making recommendations for the mitigation of those risks.
- Providing legal advice or opinions with regards to commercial or financial transactions.
- Formulating public policy (e.g. advice, research, laws, guidelines) in relation to financial institutions.

- At least three years’ experience in one of the above areas specifically for life insurance or property and casualty insurance companies.
- Experience interpreting legislation or regulations related to the financial services sector.
- Experience carrying out the prudential regulation of financial services entities.

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

Various language requirements
Various language profiles:
English Essential, Bilingual imperative BBB/BBB, Bilingual imperative CBC/CBC

Information on language requirements

KNOWLEDGE:
- Knowledge of concepts used in the prudential analysis of: deposit taking institutions or insurance companies.
- Knowledge of key risks in the financial services sector, or the regulatory framework of the Canadian financial system.

COMPETENCIES:
- Critical Thinking
- Working as a Team
- Results Orientation
- Impact and Influence

ABILITIES:
- Ability to communicate effectively verbally
- Ability to communicate effectively in writing

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

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:
- Willingness and availability to work overtime occasionally.
- Willingness and availability to travel domestically when required.

Conditions of employment

Reliability Status security clearance

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

A written examination will be administered.

An interview will be administered.

Reference checks will be sought.

The ability to communicate effectively in writing will be assessed using the candidate's application, as well as through the evaluation process.

Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.

Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications may be applied at any time during the staffing process, including screening. Candidates may be contacted and assessed against these criteria at any time during this process.

Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

All job applications must be submitted through the Government of Canada public service jobs website. Do not email, fax, or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.

If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you require 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: .

OSFI's Ottawa location is downtown with easy access to shopping, restaurants, gyms, financial institutions and more. The building is less than a five minute walk from the Transitway and from the nearest STO stop.

As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

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.