Manager / Senior Regulatory Officer

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

CANDIDATES WHO HAVE ALREADY APPLIED TO THE PROCESS:18-19-SIF-EA-5417 NEED NOT REAPPLY TO THIS PROCESS.

Duties

DUTIES:
A Manager, Prudential Policy and Strategic Policy Liaison, is responsible for directing a team whose responsibilities may include a) researching, undertaking analysis and providing advice to the senior management on a wide variety of policy issues affecting Federally Regulated Financial Institutions (FRFIs), the broader financial sector, or OSFI’s supervision and regulation of FRFIs, b) contributing to the development of prudential guidance applicable to FRFIs, and c) the strategic management of OSFI’s relationships with key public sector stakeholders. As a People Leader, the Manager will provide ongoing feedback, coaching and mentoring to individual team members and promote continuous improvement of individual and team performance.

A Senior Regulatory Officer, Prudential Policy and Strategic Policy Liaison, conducts analysis and, in coordination with internal and external stakeholders, provides expert advice and recommendations on a wide variety of policy issues that may have implications for FRFIs or OSFI’s regulatory and supervisory activities. The Senior Regulatory Officer may also lead policy development initiatives (including creating or amending OSFI guidance) or contribute to the management of OSFI’s relationships with key public sector stakeholders (including provincial, federal and foreign agencies).

Intent of the process

The immediate need is to staff two (2) positions with with a language requirement of various language profiles (English Essential, Bilingual imperative BBB/BBB, Bilingual imperative CBC/CBC) on an indeterminate basis.

This process may also be used to create a pool of partially-qualified and/or qualified candidates to staff identical or similar positions with various tenures (ex. indeterminate, term, casual), various language requirements (bilingual imperative, English Essential) and linguistic profiles (BBB/BBB, CBC/CBC), and various security requirements (reliability, secret or top secret) at the Office of the Superintendent of Financial Institutions.

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)

EDUCATION
- A degree* from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, public policy, public administration, actuarial science or law.
OR
- Any other degree* from a recognized post-secondary institution with a membership in a Canadian professional association of accountants or CFA charterholder.

*The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities.

Degree equivalency

EXPERIENCE
- Recent** and significant*** experience in one, or a combination, of the following areas:
(1) Conducting financial analysis of financial institutions (e.g. property and casualty insurers, life insurers, deposit taking institutions or pension plans) within the financial services sector.
(2) Performing strategic planning, product development or underwriting for a financial institution.
(3) Researching and analyzing financial information, business plans or legal agreements related to the financial services sector.
(4) Developing risk management policies, procedures or guidelines related to the financial services sector.
(5) Analyzing or identifying key risks of a financial institution and making recommendations for the mitigation of those risks.
(6) Carrying out the prudential regulation or supervision of financial services entities.
(7) Formulating public policy (e.g. advice, research, laws, guidelines) in relation to financial institutions.
(8) Coordinating regulatory initiatives in relation to financial institutions within a Canadian federal or provincial government department or agency.
(9) Interpreting prudential guidance or regulatory expectations related to the related to the financial services sector.
(10) Interpreting legislation or regulations related to the financial services sector.
(11) Leading or coordinating inter-agency regulatory initiatives or public policy work among Canadian federal or provincial government department or agencies related to the financial sector.

- Experience writing reports, which include recommendations to management.

**Recent: Experience acquired within the last 10 years.
***Significant: A depth of experience accumulated over a period of at least 3 years.

If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

EDUCATION
- A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law, public policy, public administration, or another speciality relevant to the position
OR
- A degree* from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law, public policy, public administration, or another speciality relevant to the position
AND
- Membership in a Canadian professional association of accountants or CFA charterholder.

*The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities

Degree equivalency

EXPERIENCE
- At least six years’ experience working in one, or a combination of the following areas:
(1) Conducting financial analysis of financial institutions (e.g. property and casualty insurers, life insurers, deposit taking institutions or pension plans) within the financial services sector.
(2) Performing strategic planning, product development or underwriting for a financial institution.
(3) Researching and analyzing financial information, business plans, or legal agreements related to the financial services sector.
(4) Developing risk management policies, procedures, or guidelines related to the financial services sector.
(5) Analyzing or identifying key risks of a financial institution and making recommendations for the mitigation of those risks.
(6) Carrying out the prudential regulation or supervision of financial services entities.
(7) Formulating public policy (e.g. advice, research, laws, guidelines) in relation to financial institutions.
(8) Coordinating regulatory initiatives in relation to financial institutions within a Canadian federal or provincial government department or agency.
(9) Interpreting prudential guidance or regulatory expectations related to the related to the financial services sector
(10) Interpreting legislation or regulations related to the financial services sector.
(11) Leading or coordinating inter-agency regulatory initiatives or public policy work among Canadian federal or provincial government department or agencies related to the financial sector.

- Experience managing employees.
- Experience in project management.

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

Various language requirements
Various language profiles: English Essential, Bilingual imperative BBB/BBB, Bilingual imperative CBC/CBC

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

KNOWLEDGE
In depth knowledge of:
- Concepts used in the prudential analysis of deposit taking institutions or insurance companies,
- Emerging risks in the financial services sector, and
- The regulatory framework of the Canadian financial system.

COMPETENCIES
- Critical Thinking
- Developing Others
- Collaboration
- Impact and Influence

ABILITIES
- Ability to communicate effectively verbally
- Ability to communicate effectively in writing

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

KNOWLEDGE
- In-depth knowledge of OSFI’s regulatory and supervisory framework applicable to FRFIs.
- Knowledge of OSFI’s role in the Canadian regulatory framework and interaction with domestic and foreign financial sector regulatory agencies.
- Knowledge of current public policy or regulatory initiatives or priorities of federal or provincial government departments or agencies that may affect FRFIs or OSFI’s oversight of FRFIs.

COMPETENCIES
- Professional Judgement
- Building Business Relationships

OPERATIONAL REQUIREMENTS
- Willingness and availability to work overtime occasionally.
- Willingness and availability to travel domestically when required.

CONDITIONS OF EMPLOYMENT
Various security profiles: either Reliability Status or Secret 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

In order for your application to be considered, you must submit a completed questionnaire. You will be required to demonstrate how you meet the education and experience criteria (essential and asset) for the initial screening, in answering online screening questions. It is NOT sufficient to only state that the qualifications are met or to provide a listing of current or past responsibilities. Rather, you must clearly demonstrate HOW, WHEN and WHERE the qualification was met through substantiation by examples. Information on your described education and experience provided in the screening questions should be supported by your résumé. Failure to provide the above information in the format required may result in your application being rejected from the process.

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.

A written examination may be administered.

An interview will be administered.

Please note that OSFI has offices located in Ottawa, Toronto, Montreal, and Vancouver. If you are screened in, you may be required to travel to one of these locations to complete assessment (exam, interview, etc.).

Reference checks may be sought.

The ability to communicate effectively in writing will be assessed using the candidate's application, as well as through the evaluation process.

Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.

Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications, operational requirements, and organizational needs may be applied at the time of staffing. Candidates may be contacted and assessed against these criteria at any time during this process.

Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

All job applications must be submitted through the Public Service Resourcing System (PSRS). Do not fax or mail hard copy documents as these will not be accepted. To submit an application online, please click on the button "apply now".

If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you require 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: .

As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

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.