Senior Supervisor (RE-05), Mortgage 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 Mortgage Insurance Group is responsible for the supervision of the mortgage insurance industry in Canada. Given the importance of the Canada Mortgage and Housing Corporation and its private sector competitors in the housing finance sector, OSFI’s prudential oversight responsibility is an important element of the overall risk management framework operating at the intersection space between banking and insurance in Canada.

Members of our team come from diverse professional backgrounds – bringing banking, insurance, risk management, and both public and private sector experience to the table. We interact extensively with colleagues across OSFI from banking and insurance supervision, regulation and specialist teams – affording our team members with opportunities for exposure to a broad range of financial and risk management issues, and visibility across OSFI. As a team we bring together strong analytical capabilities, sound business judgment, and communication and influence skills.

We’re currently looking for highly motivated individuals to join our team, in downtown Toronto, in the position of Senior Supervisor. Our Senior Supervisors contribute to the assessment of the risk profile and risk management practices of mortgage insurance companies, and participate in related industry-wide and cross-sector analysis and initiatives. Specific candidate accountabilities may include:
• Interacting with Senior Management, Board of Directors and other key stakeholders at the mortgage insurers.
• Assessing the inherent risks and determining factors that drive the risk profile of the companies.
• Ongoing monitoring of the companies’ risk and financial performance, through the analysis of regulatory returns and other company-specific data, with an emphasis on profitability and capital strength.
• Leading/participating in assessments of significant activities or control functions at mortgage insurers.
• Working with OSFI’s specialists from the Credit Risk Division, Operational Risk Division, Model Risk Division, and Actuarial Division.
• Identifying best practices and emerging trends.

Essential and asset 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 accounting, actuarial science, business, commerce, computer science, economics, mathematics or another relevant field OR a combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience related to consumer/residential mortgage lending or mortgage insurance activities in one of the following areas: compliance or risk management practices, management of business lines, financial analysis, audit, underwriting, actuarial, claims or other relevant areas OR recent and significant financial regulatory/supervisory experience.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of financial institutions including related risks and risk management practices.
● Knowledge of the business and environmental indicators as they relate to the Canadian financial services industry.
● Knowledge of the current and emerging key risks in the mortgage lending or mortgage insurance industry.

ESSENTIAL COMPETENCIES
● Developing Myself
● Impact & 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)

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 post-graduate degree.
● A relevant professional designation or recognized advanced training relevant to the business activities of mortgage lending or mortgage insurance industry.

Degree equivalency

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

● Experience in project management.
● Experience in leading, developing, coaching, and/or training staff.
● Experience in relationship or key account management.
● Recent and significant experience related to consumer/residential mortgage lending, mortgage insurance activities or financial regulatory/supervisory experience in two of the following areas: compliance or risk management practices, management of business lines, financial analysis, audit, underwriting, actuarial, claims or other relevant areas.

ASSET KNOWLEDGE
● Comprehensive understanding of OSFI’s Supervisory Framework.
● Knowledge of the performance indicators in the insurance sector and the information and techniques used in their measurement and management.
● Strong knowledge related to the assessment of risk and risk management practices related to the insurance industry.

ASSET COMPETENCIES
● Critical Thinking
● Professional Judgment

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.

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 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.