Managing Director (REX-08), Credit Risk Division

Important messages

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Assessment accommodation

Duties

The Risk Support Sector:
Risk Support Sector is a cross-industry function within OSFI that evaluates specific aspects of risk management capability within federally regulated financial institutions (FRFIs). The sector’s horizontal perspective on risk informs the development of supervisory risk assessments and regulatory expectations for Canada.

Duties:
The Risk Support Sector (RSS) is seeking to fill the Managing Director position in the Credit Risk Division. The Managing Director will lead teams responsible for supervisory risk assessments (of credit risks) and monitoring, provide consulting advice to Management and Executives within the Risk Support Sector and other sectors, and work collaboratively across OSFI on broader initiatives. The successful candidate will possess varied and solid experience in the financial services industry and an in-depth understanding of credit risk. Developing, coaching, and leading staff (at all levels, including Executive) is a key responsibility of this position.

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 commerce, business administration, finance, accounting, or economics OR an acceptable combination of education, experience and training.

Degree equivalency

ESSENTIAL EXPERIENCE
• Recent and significant experience within the financial services industry* in a direct lending function (corporate, capital markets, commercial or retail) or equivalent experience in related oversight functions such as credit risk management.
• Experience in assessing credit risk management practices and identifying key credit risk areas in financial institutions.
• Experience in leading, developing and coaching staff.

*Financial services industry includes experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms, and accounting firms (dealing with audits), as well as government departments that directly deal with the supervision and regulation of these institutions, or other relevant areas.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
• Knowledge of business and economic indicators which impact credit risk.
• Knowledge of financial institutions’ business units, products, and services with particular emphasis on credit risk.
• Knowledge of the oversight and control functions in financial institutions with particular emphasis on credit (i.e. risk management, senior and operational management, internal audit, board, etc.)

ESSENTIAL COMPETENCIES
• Change leadership
• Developing Others
• Working as a Team
• Impact & Influence
• 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
• An MBA, CPA, CFA, or other relevant designation.

Degree equivalency

ASSET EXPERIENCE
You may be required to meet a combination of any of these asset experience criteria:
• Experience in the application of Basel principals in credit risk management.
• Experience with using Basel metrics/tools (i.e., PDs, LGDs, etc.) and associated stress testing techniques.
• Significant audit experience with a large audit firm.
• Experience resolving complex risk management issues affecting multiple stakeholders.
• Experience with delegated lending authorities.
• Experience in making presentations to senior management.

ASSET KNOWLEDGE
• Knowledge of relevant governing legislation.

ASSET COMPETENCIES
• Collaboration
• Professional Judgment
• Developing Myself
• Results Orientation
• Critical Thinking

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 candidates may be required to submit their performance reviews. For internal candidates of the Public Service, the Assessment Committee reserves the right to contact the internal candidates’ current manager(s).

Your application may be used to assess written communication.

Management may choose to invoke an asset(s) at any point of the process.

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.

An assignment/secondment or an acting appointment requires approval of your supervisor.

OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).

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 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 .

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.