Various positions – Senior Officer/Analyst/Regulatory Officer/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

Senior Officer, Approvals: A Senior Officer, Approvals analyzes applications from Federally Regulated Financial Institutions (FRFIs) or pension plans as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Senior Officer is expected to identify any prudential, legislative or, in the case of FRFI applications, public policy issues that may pertain to the application.

Analyst, Capital Division: An Analyst, Capital Division is responsible for conducting research and analysis to inform the development of capital-related policies or guidelines for financial institutions. In doing so, the Analyst assess the impacts and implications associated with the capital-related policy. The Analyst may be called upon to provide interpretations of capital-related policies or guidelines and/or to support/execute various special domestic and international projects related to the responsibilities of the Capital Division.

Regulatory Officer, Prudential Policy and Strategic Policy Liaison: A Regulatory Officer, Prudential Policy and Strategic Policy Liaison, will conduct research, undertake analysis and provide advice to the Superintendent of Financial Institutions, as well as other members of OSFI’s senior management team, on a wide variety of policy issues affecting FRFIs. The Regulatory Officer will also liaise with internal and external stakeholders to support financial sector policy initiatives and the development and administration of prudential guidance applicable to FRFIs.

Senior Supervisor or Senior Policy Officer, Private Pension Plans Division (PPPD): A Senior Supervisor in the PPPD will establish and maintain a risk profile for all plans in a portfolio assigned to the Senior Supervisor and identify areas requiring enhanced supervisory attention, recommend interventions and take early intervention steps (such as pension plan examinations) as necessary. A Senior Policy Officer in PPPD will respond to enquiries requiring interpretation of existing pension legislation, regulations and guidance and participate in the development of pension policies and guidance. The Senior Policy Officer is also expected to propose revisions to legislation, regulations, guidelines and OSFI policies that would enhance the regulatory and supervisory framework.

Intent of the process

The immediate need is to staff two Senior Officers, Approvals; two Analysts, Capital Division; and two Regulatory Officers, Prudential Policy and Strategic Policy Liaison.

N.B. CANDIDATES WHO HAVE ALREADY APPLIED TO SELECTION PROCESS NUMBER: 18-19-SIF-EA-5633 NEED NOT REAPPLY TO THIS PROCESS.

This process will also be used to create a pool of partially-qualified and/or qualified candidates to staff similar or identical positions, including Senior Supervisor positions in PPPD, with various tenures (ex. indeterminate, term, casual), various linguistic profiles and requirements, various security profiles and various tenures at the Office of the Superintendent of Financial Institutions.

Positions to be filled: 6

Information you must provide

Your résumé.

A response to a text question addressing the following:

• If you wish to be considered for a specific position (i.e. Approvals, Capital Division or Prudential Policy and Strategic Policy Liaison), please confirm.

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

EDUCATION:
- A degree* from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law, actuarial science, mathematics, public administration, public policy, or another speciality relevant to the position.
OR
- Any other degree* from a recognized post-secondary institution in addition to a membership in a Canadian professional association of actuaries, accountants or CFA charterholders.

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

Degree equivalency

EXPERIENCE:
- Recent** and considerable*** experience in the following:
o Conducting research and analysis of financial or non-financial risks (e.g. credit, market, liquidity, operational, insurance, technology, legal, regulatory compliance, strategic, actuarial) that institutions in the financial sector (e.g. banks, insurance companies) or pension plans are exposed to and making recommendations in regards to those risks;
OR
o Developing or interpreting risk management policies/procedures, prudential guidance, regulatory expectations or public policy related to the financial sector or pension plans.

- Experience writing correspondence, reports, presentations or briefing notes which include advice or recommendations to management
- Experience consulting or working with a wide range of internal and external stakeholders.

**Recent: Experience acquired within the last 5 years.
***Considerable: A depth of experience accumulated over a period of at least 2 years.

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

ASSET EDUCATION:
- A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law, actuarial science, mathematics, public administration, or another speciality relevant to the position.
OR
- Professional designation in a field relevant to the duties of the position:
CPA (CA, CGA, CMA), or
CFA, or
CRM, or
CIA, or
FRM, or
FSA/ASA or
FCIA/ACIA.

Degree equivalency

ASSET EXPERIENCE:
Recent** and considerable*** experience in the following:
- Experience interpreting legislation or regulations related to the Canadian financial sector.
- Experience developing or interpreting prudential guidance in Canada’s financial sector.
- Experience in public policy development or regulatory initiatives related to the financial sector within a Canadian federal or provincial government department or agency.
- Experience carrying out the prudential regulation or supervision of financial institutions.
- Experience working at a deposit-taking institution.
- Experience working at a life insurance company.
- Experience working at a P&C insurance company.
- Experience supervising, regulating or administering registered pension plans****.
- Experience working at a mortgage insurance company.

**Recent: Experience acquired within the last 5 years.
***Considerable: A depth of experience accumulated over a period of at least 2 years.
**** A registered pension plan is a plan that is registered under the Pension Benefits Standards Act, 1985 or a similar law of a province or a plan subject to the Public Pensions Reporting Act, and does not include registered retirement savings plans.

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

Various language requirements
English Essential, Bilingual imperative BBB/BBB, Bilingual imperative CBC/CBC

Information on language requirements

KNOWLEDGE:
- Knowledge of current and emerging risks in the Canadian financial sector or facing Canadian pension plans.
- Knowledge of the Canadian regulatory framework for financial institutions or pension plans.

COMPETENCIES:
- Critical Thinking
- Building Business Relationships
- Working as a Team
- Impact and Influence

ABILITIES:
- Ability to communicate effectively verbally
- 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 capital frameworks affecting FRFIs.
- Knowledge of the legislation or regulations that apply to FRFIs.
- Knowledge of OSFI’s regulatory and supervisory framework applicable to FRFIs.
- Knowledge of public policy or regulatory initiatives of federal or provincial government departments or agencies that may affect FRFIs or OSFI’s oversight of FRFIs.
- Knowledge of capital markets and financial products.
- Knowledge of OSFI’s Risk Assessment Framework for Federally Regulated Private Pension Plans

ASSET COMPETENCIES:
- Professional judgment
- Innovation

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:
- Willingness and availability to work overtime occasionally.
- Willingness and availability to travel domestically and/or internationally when required.

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

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.

Please indicate in your application which position(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.

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.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Please note that OSFI has offices located in Ottawa, Toronto, Montreal, and Vancouver. If you are screened in, you may be required to travel to one of these locations to complete assessment (exam, interview, etc.).

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.

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.