Senior Supervisor

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 Office of the Superintendent of Financial Institutions (OSFI) is seeking a highly motivated individual to join a team responsible for the analysis and assessment of the risk profile and risk management practices of Property and Casualty insurance financial institutions.

The Senior Supervisor is part of a team responsible for the analysis and assessment of the risk profile and risk management practices of Canada’s federally regulated financial institutions. The determination of the risk profile of an institution is accomplished through a combination of ongoing monitoring, and participation in or leading of on-site reviews of significant activities and control functions.

For further information on OSFI, please visit the OSFI website

Intent of the process

The intention of the process is to staff one (1) position for a term of approximately two and a half years.

This selection process may be used to establish a pool of partially qualified and/or qualified candidates which could be used to staff similar positions at the Office of the Superintendent of Financial Institutions.

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)

EDUCATION:
- Bachelor degree from a recognized university in commerce, accounting, business, finance, actuarial science, economics or mathematics; or an acceptable combination of education, training and/or experience (such as a CGA with recent and significant* experience in a P&C insurance company; or a CFA with recent and significant* experience in a P&C insurance company).

*“Recent and significant” will be evaluated in terms of the amount, complexity and diversity of work handled, experience which would normally have been acquired over a period of at least three (3) years in the last eight (8) years.

Degree equivalency

EXPERIENCE:
- Recent and significant* experience in identifying key risk areas and assessing risk management and oversight practices in property and casualty (P&C) insurance financial institutions.
OR
- Recent and significant* experience in a P&C insurance line of business or in one of the following areas in a P&C insurance company: Financial Analysis; Accounting; Underwriting; Actuarial (pricing or valuation); Claims; Risk Management; or Strategic Analysis and Planning.

*“Recent and significant” will be evaluated in terms of the amount, complexity and diversity of work handled, experience which would normally have been acquired over a period of at least three (3) years in the last eight (8) years.

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

ASSET EDUCATION:
- Graduate degree (Masters or PHD) in a relevant field, such as commerce, accounting, business, finance, actuarial science, economics or mathematics.
- Professional designations relevant to the position such as CFA, CPA-CA, CPA-CGA, CPA-CMA, CRM, FRM, PRM, PAA, ASA, ACAS, FSA, FICA, FCAS.

Degree equivalency

ASSET EXPERIENCE:
- Experience in actuarial consulting related to P&C insurance.
- Experience in P&C reinsurance.
- Experience in audit of P&C insurance or reinsurance companies.

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

Bilingual - Imperative (CCC/CCC)

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:
- Knowledge of current and emerging key risks in the P&C insurance industry.
- Knowledge of governance and risk management practices currently employed in financial institutions.
- Knowledge of the performance indicators in the P&C insurance sector.
- Knowledge of the regulatory environment for P&C insurance companies in Canada.

COMPETENCIES:
- Critical Thinking
- Innovation
- Professional judgment
- Results orientation
- Working as a team

ABILITIES:
- Ability to communicate effectively orally.
- Ability to communicate effectively in writing.

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

ASSET KNOWLEDGE:
- Knowledge of the P&C reinsurance industry.
- Knowledge of new regulatory requirements and international developments.

ORGANIZATIONAL NEEDS:
In order to meet OSFI’s Employment Equity objectives in support of a representative workforce, “right fit” selection for this position may be made from among qualified candidates who self-declare as “aboriginal” and/or “person with a disability”.

Conditions of employment

Reliability Status security clearance

Willingness and ability to travel.

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.

A written examination will be administered.

An interview will be administered.

Reference checks may be sought.

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.