Senior Accounting Advisor (RE-06), Accounting Policy Division

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 Accounting Policy Division (APD) is seeking a Senior Accounting Advisor to provide accounting, disclosure and audit policy expertise to OSFI Regulation, Supervision, Risk Support and Corporate Services Sectors. The Senior Accounting Advisor will participate in OSFI’s role in working with external standard-setters and fellow regulators, and contribute to the achievement of OSFI’s prudential objectives.

The Senior Accounting Advisor:
● Provides advisory, due diligence, onsite and educational support to the Supervision, Regulation, Risk Support and Corporate Services Sectors.
● Develops accounting, auditing or disclosure guidelines (as required) setting out OSFI’s accounting and reporting requirements.
● Identifies and communicates emerging financial reporting risks at the industry level, from either industry practices or accounting and reporting responses to market evolution.
● Supports APD’s objective of exercising a leadership role within international regulatory groups, shaping their views on emerging international accounting, auditing, or disclosure standards and contributing to their efforts in the development of international standards.

Work environment

Who we are:
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established 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 have excellent communication skills.
● You work well with others.
● Your critical thinking skills help to inform your decision-making.

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: 2

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 OR an acceptable combination of education, experience and/or training.
● Chartered Professional Accountants of Canada designation.

Degree equivalency

ESSENTIAL EXPERIENCE
● Experience in auditing with an external audit firm.
● Recent and significant experience in either financial reporting or accounting policy interpretation within a bank, insurer, external audit firm or government department that directly deals with the supervision and regulation of financial institutions.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Strong knowledge of International Financial Reporting Standards (IFRS), especially those standards most relevant to financial services (e.g. IFRS 9, IFRS 17).
● Strong knowledge of OSFI’s guidelines on accounting and disclosure.
● Strong knowledge of the insurance or deposit-taking industry.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Building Business Relationships
● Professional Judgement
● Impact and 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)

You may be required to meet a combination of any of these asset criteria.

ASSET KNOWLEDGE
● Sound knowledge of International Accounting Standards IFRS and the auditing framework.
● Sound knowledge of domestic financial regulatory information, returns and filing requirements.
● Sound knowledge of various international bodies involved in the supervision of financial institutions.

ASSET COMPETENCIES
● Collaboration
● Innovation
● Results Oriented
● Developing Myself

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 may be 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

Internal employees of OSFI at the same group and level may be considered and offered a deployment or assignment before considering other applicants.

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.

The following options may be used at any stage of the selection process in the determination of those to be given further consideration: random selection, top down selection, or meeting any asset qualifications.

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.