Senior Supervisor (RE-05), Banking Supervision

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

If you have recently applied to the Senior Supervisor - Banking Supervision (RE-05), selection process number: 17/18-SIF-EA-4951, please note that your previous results may be applied to this process.

Duties

What you will be doing:

The Deposit Taking Supervision Sector (DTSS) is seeking motivated individuals to participate in the supervision, analysis and assessment of Canada’s federally regulated deposit taking financial institutions using a risk-based approach. DTSS is comprised of two sub-groups: Systemically Important Banks (SIBs) and Small and Medium-Sized Banks (SMSB). A pool of qualified candidates is being established to staff potential vacancies arising from either group. The candidate’s accountabilities may include:
• Interacting with Senior Management, Board of Directors and other key stakeholders at Federally Regulated Financial Institutions (FRFIs).
• Assessing the inherent risks and determining factors that drive the risk profile at FRFIs.
• Ongoing monitoring of FRFIs including analysing regulatory returns, with an emphasis on liquidity and capital health.
• Leading assessments/reviews of significant activities or control functions at FRFIs.
• Working with OSFI’s Risk Support Sector, including specialists from the Credit Risk Division, Operational Risk Division, Model Risk Division, Risk Surveillance and Analytics Division, Culture and Conduct Risk Division, and Market and Liquidity Risk Division.
• Working with external supervisory partners (National and International).
• Identifying best practices and emerging trends.

Work environment

Who we are:

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

What OSFI offers:

OSFI is a separate agency that offers a competitive salary and eligibility for performance pay annually.
People are the foundation of our organisation. You will become part of a diverse community that acknowledges everyone has varied experience and fosters an environment where communication and teamwork amplify our effectiveness. Working at OSFI offers the following:
• Mandate – the work you do at OSFI matters. Your efforts contribute to the safety and soundness of the Canadian Financial Sector. A strong financial sector promotes competition, and benefits all Canadians.
• Learning & Development – our organisation understands that ongoing learning and development is critical and necessary, and must evolve with developments in the Financial Sector. Learning and Development is a component of our Human Capital Strategy.
• Community & Culture – we strive to create a working environment that allows employees to work to their fullest potential. We strive to promote employee wellbeing, including a focus on balancing work and personal needs. Where available, we offer opportunities for flexible working arrangements.
• Benefits – As a Federal Government Agency, OSFI offers a number of competitive benefits to its employees, including a Defined Benefit Pension Plan, maternity and parental leave benefits and vacation (4 weeks), personal and family leave days.

Who you are:

You should possess the following attributes:
• You are an individual with a broad financial industry and risk management perspective.
• You are keenly interested in contributing your expertise to promote a safer financial system.
• You have sound knowledge of the current and emerging risks in the banking industry.
• You know the techniques used in the measurement and management of current and emerging risks.
• You work well with others.
• Your critical thinking skills help to inform your decision-making.

Essential qualifications are highlighted below.

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 EDUCATION
● A university degree; specializing in business, commerce, economics, accounting, mathematics, or another relevant field OR a combination of education, experience and training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent experience in the financial services sector* in one or more of the following key areas: Risk Management, Internal Audit, External Audit including demonstrated experience in assessing risk management practices related to one or more of (Credit, Liquidity, Market, or Operational risk);

* Financial services sector experience is defined as experience working in a financial institution, including banks, trust and loan companies, and firms dealing with financial services audits or consulting engagements, as well as government departments that directly deal with the supervision and regulation of these institutions.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Sound knowledge of the current and emerging risks in the banking industry.
● Knowledge of the techniques used in the measurement and management of risk.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Impact and Influence
● Results Orientation
● Collaboration
● 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 post-graduate degree OR a relevant professional designation such as a CPA or CFA.

Degree equivalency

ASSET EXPERIENCE
● You may be required to meet a combination of any of these asset experience criteria:
- Financial supervision experience.
- Recent experience in credit risk analysis and assessment.
- Recent experience in operational risk analysis and assessment.
- Recent experience in liquidity and / or liquidity management experience.
- Recent experience in capital markets risk analysis and assessment.
- Recent experience in external or internal audit in the financial services industry.
- Recent experience in risk management in the financial services industry.
- Recent experience in financial analysis/management.
- Recent experience in relationship management.
- Business line experience at a Financial Institution.

ASSET KNOWLEDGE
● An understanding of OSFI’s role in the supervision of the Canadian Financial System and OSFI’s Supervisory Framework.

ASSET COMPETENCIES
● Professional Judgment
● Developing Myself

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.

ORGANIZATIONAL NEEDS
Some travel may be 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

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 .

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.