Senior Supervisor (RE-05) & Manager (RE-06), CCRD*

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 Culture and Conduct Risk Division (CCRD) is seeking motivated individuals to participate in the supervision, analysis and assessment of Canada’s federally regulated financial institutions (FRFIs) using a risk-based approach. CCRD is part of the Non-Financial Risk Group of the Risk Support Sector within OSFI. A pool of qualified candidates is being established to staff potential vacancies arising within CCRD. The candidate’s accountabilities may include:

• Interacting with Senior Management, Board of Directors and other key stakeholders at FRFIs.
• Assessing the inherent risks and determining factors that drive the risk profile at FRFIs.
• Ongoing monitoring of FRFIs including analysing regulatory returns and other information, with an emphasis on capital strength and emerging risks.
• Leading assessments/reviews of significant activities or control functions at FRFIs.
• Working with OSFI’s Risk Support Sector, including specialists from both the Financial Risk and Non Financial Risk streams, such as the Credit Risk Division, Market and Liquidity Risk Division, Capital Model Approvals Division, Operational Risk Division, Technology Risk Division, and Culture and Conduct Risk Division.
• Working with representatives from OSFI’s Pensions Division.
• Working with external supervisory partners (National and International).
• Identifying best practices and emerging trends.

Work environment

Who we are:
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

What OSFI offers:
OSFI is a separate agency that offers a competitive salary and eligibility for performance pay annually. People are the foundation of our organisation. You will become part of a diverse community that acknowledges everyone has varied experience and fosters an environment where communication and teamwork amplify our effectiveness. Working at OSFI offers the following:
• Mandate: the work you do at OSFI matters. Your efforts contribute to the safety and soundness of the Canadian Financial Sector. A strong financial sector promotes competition, and benefits all Canadians.
• Learning & Development: our organisation understands that ongoing learning and development is critical and necessary, and must evolve with developments in the Financial Sector. Learning and Development is a component of our Human Capital Strategy.
• Community & Culture: we strive to create a working environment that allows employees to work to their fullest potential. We strive to promote employee wellbeing, including a focus on balancing work and personal needs. Where available, we offer opportunities for flexible working arrangements.
• Benefits: As a Federal Government Agency, OSFI offers a number of competitive benefits to its employees, including a Defined Benefit Pension Plan, maternity and parental leave benefits, vacation (4 weeks), personal and family leave days.

Who you are:
You should possess the following attributes:
• You are an individual with a broad financial industry and risk management perspective.
• You are keenly interested in contributing your expertise to promote a safer financial system.
• You have sound knowledge of the current and emerging risks in the financial services industry.
• You know the techniques used in the measurement and management of current and emerging risks.
• You work well with others.
• Your critical thinking skills help to inform your decision-making.

Intent of the process

The immediate intent is to staff various Bilingual Imperative (CBC/CBC) positions and various English Essential positions through this staffing selection 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 (English Essential or Bilingual Imperative), security profiles and various tenures, which may vary according to the position being staffed.

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 with specialization in commerce, law, business, finance, economics, business administration, behavioural science OR an acceptable combination of education, experience and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience working in the financial services industry* in two of the following areas:
o Risk Management (credit, market, liquidity or operational risk)
o Regulatory Compliance
o Internal/External Audit
o Financial analysis/management
o Corporate governance
o Risk governance
o Strategic governance
o Recovery and resolution planning
o Compensation practices and Conduct risk (i.e. behaviour, ethics)

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

● Experience in liaising with and making presentations to Senior Management and/or Boards of Directors at FRFIs.

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

Various language requirements
● English essential
● Bilingual - imperative (CBC/CBC)
Reading: C (advanced)
Writing: B (intermediate)
Oral: C (advanced)

Information on language requirements

ESSENTIAL KNOWLEDGE
● Extensive knowledge of current and emerging trends at FRFI’s in at least two of the following areas: corporate governance, risk governance, strategic governance, regulatory compliance, recovery and resolution planning, compensation practices, behaviour and ethics.
● Strong knowledge of the Canadian and international business and regulatory environments in which FRFIs and their subsidiaries operate.
● Strong knowledge of current and emerging regulatory risks and risk management practices in the financial services industry, and challenges experienced by FRFIs in dealing with them.
● Strong knowledge of relevant global risk management principles and OSFI guidance, and their application to larger and smaller FRFIs.

ESSENTIAL COMPETENCIES
● Results Orientation
● Collaboration
● Critical Thinking
● Professional Judgement
RE-06 ONLY:
● Developing Others

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 professional designation in accounting, financial analysis, law or other relevant professional qualification.

Degree equivalency

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

● Experience in managing and/or leading a team.
● Experience making presentations to senior management.
● Experience in developing, evaluating, and/or implementing risk management systems used by financial institutions to mitigate the risks,
● Experience in leading the development, implementation and maintenance of effective compliance oversight controls in FRFIs.
● Experience in leading evaluations of regulatory compliance management frameworks in FRFIs.
● Experience in relevant complex projects management and reporting.
● Recent and significant experience in planning, coordinating and executing on-site compliance and/or risk management assessments or audits of financial institutions, or similar experience of assessments in other regulatory areas.
● Experience in Human Resources functions conducting behavioural or psychological assessments.

ASSET KNOWLEDGE
● Sound knowledge of OSFI’s Supervisory Framework.
● Knowledge of relevant risk management practices and tools used by FRFIs to manage regulatory compliance risk.

ASSET COMPETENCIES
● Impact and Influence
● Working as a Team
● Change Leadership
● Building Business Relationships
● Innovation
● Excellent Written Communication Skills
● Excellent Oral Communication Skills

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
● Some travel is required.

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 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 .

Management may decide to use top-down selection at any stage of the process.

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.