Senior Director (REX-09), Risk Support Sector

Important messages

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Assessment accommodation

Duties

Risk Support Sector:
Risk Support Sector (RSS) 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:
RSS is seeking to fill two Senior Director positions, reporting to the Assistant Superintendent in OSFI’s Toronto office. The Senior Director, Financial Risk Group will provide strategic leadership and oversight of the Credit Risk, Market and Liquidity Risk Divisions and Capital Model Approvals within RSS. The Senior Director, Non-Financial Risk Group will provide strategic leadership and oversight of the Operational, Model, Technology and Culture and Conduct Risk Divisions within RSS. Both roles are responsible for contributing management direction and operational oversight of the risk management practices for supervisory risk assessments in their areas of expertise, provide consulting advice to Management and Executives within RSS and other sectors, and work collaboratively across OSFI on broader strategic initiatives. This is an exciting opportunity for the successful candidates to contribute to OSFI’s view on emerging risks and operational interdependencies that impact the organizational resilience of FRFIs.

The successful candidates will possess varied and significant experience in the financial services industry and an in-depth understanding of current business issues and trends in the risk environment, both domestically and internationally. Developing, coaching, and leading staff (at all levels, including Executive) is a key responsibility of these positions.

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: 2

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

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant senior-level experience in banking, risk management, finance or in a regulatory function in the financial services industry*.
● Recent and significant experience in managing teams and/or leading, developing, coaching and/or training staff.
● Recent and significant experience dealing with complex risk management issues requiring extensive analysis, policy development and development of recommendations and solutions in one or more of these areas (credit risk, market and liquidity risk, capital model approvals) OR in one or more of these areas (operational risk, technology/cyber risk, model risk and culture and conduct risk).

*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
● Knowledge of the businesses, innovative products, issues and challenges facing the financial services industry both domestic and global.
● Knowledge of the financial and/or non-financial performance indicators and risks, and the information and techniques used in the measurement and management of those risks.
● Knowledge of the current and emerging Canadian regulatory environment and international developments as they relate to financial risk management in the financial services sectors, with emphasis on areas such as financial risk* and/or non-financial risk*.

*Financial risk can include areas such as credit, market and liquidity risk and capital model approvals.
*Non-Financial risk can include areas such as operational, technology (including cyber), model risk and culture and conduct risk.

ESSENTIAL COMPETENCIES
● Change Leadership
● Developing Others
● Impact and Influence
● Professional Judgement
● Excellent Oral Communication Skills

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

In addition to the Essential Qualifications identified above, please provide details if you possess one or more of the following Asset Education and Asset Experience criteria identified below.

ASSET EDUCATION
● Post graduate degree or relevant professional financial designation or certification (i.e. MBA, CPA, CFA) or other relevant designation.

Degree equivalency

ASSET EXPERIENCE
You may be required to meet a combination of any of these asset experience criteria:

● Recent and significant experience in managing multi-disciplinary teams, including leading strategic planning for the development and training of risk specialists.
● Recent and significant experience dealing with complex risk issues requiring extensive analysis, policy development and development of recommendations and solutions in two or more of these risk areas (credit, market and liquidity, capital model approvals) OR in two or more of these risk areas (operational, technology/cyber, model risk and culture and conduct risk).
● Recent and significant experience as a member of a senior management team providing input into strategic issues affecting the organization.

ASSET KNOWLEDGE
● Knowledge of OSFI’s mandate, with particular focus on its supervisory mandate and related supervisory frameworks applicable to FRFIs.
● Knowledge of the relevant Acts, regulations and guidelines, as well as other bodies of regulation specific to Canada’s FRFIs.
● Knowledge of current and emerging trends/issues as they relate to risk management in the financial services sectors, as well as the challenges and opportunities within the sectors to ensure the appropriate balance in OSFI’s approaches and methods for assessing and monitoring risk.
● Knowledge of legal, accounting, financial and actuarial principles.

ASSET COMPETENCIES
● Critical Thinking
● Innovation
● Organizational Commitment
● Building Business Relationships
● 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
● Domestic and international 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 designated 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, with the exception of a job located in Nunavut, where Nunavut Inuit will be appointed first.

Information on the preference to veterans

We thank all those who apply. Only those selected for further consideration will be contacted.