Managing Director (REX-08), Property & Casualty Insurance Group

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 specialized accommodation. All information received in relation to accommodation will be kept confidential.

Assessment accommodation

Duties

The Managing Director is responsible for leading teams carrying out the supervision of property and casualty insurance companies regulated by OSFI. The position oversees the activities carried out in assessing the safety and soundness of the financial institutions, identifying unsafe practices and taking direct and early intervention, as appropriate.

The position is responsible for providing high quality oversight through directed guidance, empowerment and delegation and by giving employees the necessary tools and professional development to carry out their responsibilities. Leading, developing, and coaching staff are key responsibilities of the position.

Other core responsibilities of the position include providing senior management leadership on PCG operational matters (business & human resources) and collaborating with the other PCG MD to ensure there is general consistency of practices across the PCG teams in the performance of core supervisory activities. In addition, the Managing Director as part of the senior leadership team in Insurance Supervision Sector (ISS) provides change management leadership & support on the intra or cross sector ISS or OSFI-Wide initiatives.

This position will represent OSFI with external stakeholders and will influence regulatory policy, where required.

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 finance, accounting, actuarial science, economics, business administration, mathematics, or other relevant area OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience at the executive level working within the P&C insurance industry in one of the following areas: finance, risk management, internal audit, actuarial or other relevant areas AND/OR recent and significant supervisory/regulatory experience at the executive level.
● Significant experience in leading/managing and/or developing/coaching staff.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Extensive knowledge of the domestic P&C industry including the regulatory environment, organizational structures, business models and products.
● Extensive knowledge of governance and risk management practices currently employed including the key risk areas impacting property & casualty insurers.
● Knowledge of Domestic and International regulatory requirements affecting P&C insurers particularly as they relate to accounting, capital and regulatory developments.

ESSENTIAL COMPETENCIES
● Collaboration
● Professional Judgment
● Change Leadership
● Impact and Influence
● Excellent Written Communication Skills
● 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
● A graduate degree in finance, accounting, actuarial science, economics, business administration, mathematics, or other relevant area.
● A professional designation (CPA CA, CPA CGA, CPA CMA, FCAS).

Degree equivalency

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

● Recent and significant experience at the executive level working within the P&C insurance industry in two of the following areas: finance, risk management, internal audit, actuarial or other relevant areas AND/OR recent and significant supervisory/regulatory experience at the executive level.
● Recent and significant experience at the executive level working within the P&C insurance industry in three of the following areas: finance, risk management, internal audit, actuarial or other relevant areas AND/OR recent and significant supervisory/regulatory experience at the executive level.
● Experience providing input into tactical or strategic objectives.
● Experience in making presentations to senior management or Board.
● Experience in managing multiple projects.

ASSET KNOWLEDGE
● Knowledge of the life insurance industry.
● Knowledge of the mortgage insurance industry.

ASSET COMPETENCIES
● Results Orientation
● Critical Thinking
● Developing Others
● Working as a Team

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
● 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.