Manager (RE-06), Market and Liquidity Risk Division

SELECTION PROCESS CANCELLED

We regret to inform you that this job opportunity has been cancelled.

This is to inform you that the above-mentioned selection process has been cancelled.

Should another selection process to staff this position be advertised in the future, it will be your responsibility to re-apply if you wish to be considered.

Thank you for your interest in the Office of the Superintendent of Financial Institutions. We wish you well in your future endeavours.

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 Manager (RE-06) position is part of the Market and Liquidity Risk Division (MLRD) located in Toronto. MLRD is involved in the analysis of federally regulated financial institutions (FRFIs) inherent liquidity risk, market risk, counterparty credit risk, and assessment of associated controls. The successful candidate for Manager (RE-06) will have some responsibility for leading teams and contributing to the leadership and operation of the group.

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 we Offer:

Come work for OSFI and expand your skills through an opportunity to directly impact Canada’s fiscal health by:

• Providing oversight and strategic advice to senior officials at federally regulated financial institutions
• Assessing the impact or risk models and governance controls and procedures in the areas of liquidity and market risk, and counterparty credit risk
• Play a leadership role on the team by mentoring and coaching more junior analysts
• Gaining a broader understanding of financial and non-financial risks as they relate to good governance practices

Why Work With Us:

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 in 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.

What we are looking for:

You should possess the following attributes:

• You are an individual with 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 financial 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.

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, 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, commerce, accounting, business, finance, actuarial science, computer science, economics or other relevant filed OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in the financial services industry*, in one or more of the following areas:
o Liquidity risk
o Corporate treasury
o Risk management
o Trading
o Trading management

*Financial services industry experience is defined as experience working in a financial institution, including deposit taking institutions, 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)

Bilingual - Imperative (CBC/CBC)
Reading: C (advanced)
Writing: B (intermediate)
Oral: C (advanced)

Information on language requirements

Second Language Writing Skills Self-Assessment
In order to help you decide if you should apply to a bilingual position, an optional self-assessment of your writing skills in your second official language is available for you to take before completing your application.

For more information, please consult:
Unsupervised Internet Test of Second Language Writing Skills

ESSENTIAL KNOWLEDGE
● Knowledge of the business and environmental factors as they related to the financial services industry.
● Knowledge of the current and emerging key risks, as they relate to the financial services industry.
● Knowledge of the assessment of risk and risk management practices related to liquidity risk and other financial risks.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Impact and Influence
● Results orientation
● Building Business Relationships
● Excellent oral communication skills

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

ASSET EDUCATION
● A MBA, CA, CFA, FRM or other relevant designation.

Degree equivalency

ASSET EXPERIENCE
● Experience in relationship or key account management.
● Experience in writing reports and making presentations to a range of stakeholders.
● Experience in supervising, examining or auditing financial institutions.
● Experience in critiquing risk management practices and identifying key risk areas in institutions.

ASSET KNOWLEDGE
● An understanding of OSFI’s role in the supervision of the Canadian Financial System
and OSFI’s Supervisory Framework.
● Knowledge of risk and portfolio management processes.
● Recent experience in liquidity risk, counterparty credit risk or capital markets risk analysis and assessment.
● Recent experience in risk management in the financial services industry.
● Knowledge of relevant governing legislation.

ASSET COMPETENCIES
● Professional judgement
● Service Orientation
● Innovation
● Impact and Influence
● Excellent written communication skills

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 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.