Managing Director - Various in Regulation Sector

Important messages

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Assessment accommodation

Duties

The Managing Director roles are responsible for:
• leading teams of professionals and developing, coaching and managing Director level staff;
• providing guidance, management direction and operational oversight on a portfolio of projects and initiatives related to the mandates of the subject Divisions;
• providing advice to Senior Management and the Assistant Superintendent of Regulation Sector;
• ensuring their teams work collaboratively with colleagues across OSFI and with key external stakeholders.

Intent of the process

OSFI’s Regulation Sector is seeking to fill four (4) Managing Director positions on an indeterminate basis across three Divisions:

- The Managing Director, Strategic Policy Liaison & Prudential Policy leads a team within the Regulatory Affairs Division that is responsible for the development and implementation of guidance for Federally Regulated Financial Institutions (FRFIs) to foster sound risk management and governance practices of and managing OSFI’s relationships and engagement with a range of domestic and international financial sector regulatory and government entities. This is a bilingual position based in Ottawa.

- The two Managing Directors, Bank Capital and Life Insurance Capital lead teams within the Capital Division that are responsible for developing, maintaining and interpreting a variety of Capital, Liquidity and related prudential Guidelines applicable to deposit taking institutions and life insurance companies respectively. Both positions are bilingual positions based in Ottawa.

- The Managing Director, Accounting Policy Division leads the Accounting Policy Division (APD), OSFI's centre of expertise in accounting and auditing standards and public disclosures for FRFIs and international accounting policy and practices. This is an English essential position based in Toronto.

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, security profiles and various tenures and/or other requirements at the Office of the Superintendent of Financial Institutions.

Positions to be filled: 4

Information you must provide

Your résumé.

A covering letter in 5,000 words (maximum) "Candidates must provide a cover letter when submitting their application. In the cover letter, candidates must clearly demonstrate how they meet the education and experience criteria listed in the essential and asset qualifications. Please use those criteria as headers and write one or two paragraphs for each demonstrating how the qualification is met by providing concrete examples of how, when and where the experience was obtained. Please note that it is not sufficient to only state that a criterion is met or to provide a listing of current or past responsibilities. Résumés may be used as a secondary source to validate the information provided. Failure to provide the information in the requested format may result in the rejection of your application."

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

EDUCATION:
- Graduation with a degree* from a recognized post-secondary institution with an acceptable specialization in economics, commerce, business, finance, accounting, law, public administration, mathematics, actuarial science or any related degree.

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

Degree equivalency

EXPERIENCE:
- Significant** experience in leading complex financial analysis related to domestic or international financial institutions.
- Extensive*** experience in presenting policy recommendations to senior executives.
- Significant** experience in managing projects and leading a team
- Experience in consulting and collaborating with executive level stakeholders.

** Significant is defined as experience associated with having performed a broad range of related activities which could normally be acquired over a period of approximately three (3) or more years in a management position.
*** Extensive is defined as the depth and breadth of work associated with having five or more years’ experience.

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

ASSET EDUCATION:
- Certified Professional Accountant (CPA) designation
- Recognized professional designation (e.g. CFA, FCIA)
- Graduate degree in economics, public administration, law, business administration, finance, accounting or actuarial science

Degree equivalency

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

Various language requirements
Bilingual - imperative: CBC/CBC
English Essential

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 current and emerging trends and risks as they relate to the financial services industry, both domestic and global.
- In-depth knowledge of policy tools to assess, measure and control risks undertaken by financial institutions

COMPETENCIES:
- Developing Others
- Professional Judgement
- Innovation
- Change Leadership

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

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

ASSET KNOWLEDGE:
- Knowledge of regulatory requirements for federally regulated financial institutions.

ASSET COMPETENCIES:
- Collaboration
- Impact and Influence

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:
- Ability and willingness to travel domestically and internationally
- Ability and willingness to work overtime occasionally

Conditions of employment

Reliability Status security clearance

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

Please indicate in your cover letter which position(s) and/or division(s) you are applying to.

Your application may be used to assess written communication.

A written examination may be administered.

An interview may be administered.

Reference checks may be sought.

A work sample may be requested.

Candidates 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.

A bilingual imperative appointment means that the language requirements of the position must be met at the time of appointment. There are three second language skill tests: reading, writing and oral interaction. For more information: https://www.canada.ca/en/public-service-commission/jobs/services/gc-jobs/information-candidates/language-requirements-candidates.html

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.

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.