Senior Supervisor (RE-05), Market and Liquidity Risk 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 Market and Liquidity Risk Division (MLRD) is seeking a highly motivated individual to join the Toronto Office in the position of Senior Supervisor. The position will be part of a team providing expert market and liquidity risk services to the rest of OSFI to support timely identification of risks in capital markets activities and treasury operations at regulated financial institutions. Supervisory work also considers the adequacy of controls used by institutions to manage any identified risks. MLRD expertise includes market and counterparty risks, treasury and investment risks and liquidity risks affecting federally regulated deposit taking intuitions, insurers, and pension plans.

Major responsibilities of the position include the following activities:
• Provides expertise to supervisory teams carrying out reviews of financial institutions on matters pertaining to market and liquidity risks
• Carries out the review and analysis of all aspects of capital markets and treasury businesses with particular emphasis on front office, corporate treasury, valuations, and independent risk management
• Carries out benchmarking analysis comparing individual company results to industry averages/norms
• Identifies institutions’ risk profiles based on the inherent risks of significant activities and the quality of compensating controls
• Identifies changes in business trends or management methodologies
• Provides findings and recommendations to improve observed control deficiencies
• Prepares management reports for OSFI distribution as well as correspondence to send to regulated institutions
• Meet with senior management at OSFI and at regulated institutions to deliver findings, recommendations, rating assessments and/or other supervisory messages
• Identifies emerging risks in the area of expertise

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.

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: 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 degree from a post-secondary institution with specialization in accounting, business, commerce, economics, mathematics or another relevant field OR an acceptable combination of education, experience, and/or training.

Degree equivalency

ESSENTIAL EXPERIENCE
• Recent and significant experience in the financial services industry* in Financial Analysis, Risk Management, or in the regulation of financial institutions.
• Recent experience assessing risk management practices related to market and/or liquidity risk.

*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.

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

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
• Professional designation in financial analysis (CPA, CFA, FRM);
• Master Degree(s) from a post-secondary institution in one or more of the following areas: business administration, economics, finance, or engineering

Degree equivalency

ASSET EXPERIENCE
• Experience in supervising, examining or auditing financial institutions, from a market risk or treasury perspective

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
• Knowledge of current trends and changes in market risk and/or treasury management.
• Knowledge of the market risk management practices and procedures of financial institutions.
• Knowledge of Microsoft Office Suite, especially in the use of Excel for analysis and reporting.

ESSENTIAL COMPETENCIES
• Critical Thinking
• Service Orientation
• Results Orientation
• Collaboration
• Excellent Oral Communication Skills
• Excellent Written Communication Skills

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

ASSET COMPETENCIES
• Developing Myself
• Change Leadership
• Impact and Influence
• Building Business Relationships

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
Availability and willingness to travel occasional both domestically and internationally.

Conditions of employment

Reliability Status security clearance - Security – Reliability Status

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.