Manager, Private Pension Plans 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 Manager, Private Pension Plans Division is in charge of a team of professionals working in the field of supervision, policy, actuarial or approvals of federally regulated private pension plans. The immediate need is to staff two indeterminate positions:
- Manager, Supervision
- Manager, Approvals

The individuals will be part of OSFI’s Private Pension Plans Division (PPPD) whose mandate is to protect pension plan members and other beneficiaries by developing guidance on risk management and mitigation, assessing whether private pension plans are meeting their funding requirements and managing risks effectively, and intervening promptly when corrective actions need to be taken.

Both individuals will be expected to:
- Lead a team that is responsible for contributing to the safeguarding of pension benefits of federally regulated private pension plans;
- Participate on or manage project teams, as required;
- Provide a stimulating, challenging and motivating work environment by delegating work and assignments and providing expert guidance, appropriate oversight and support;
- Evaluate problems, establish new approaches/procedures and guide team members in addressing complex issues;
- Communicate/Co-ordinate with, and provide information to, senior management, OSFI executives, other federal departments, senior industry officials and other stakeholders;
- Provide subject matter expertise on pension plans, pension legislation, special assignments or projects; and
- Make decisions and recommendations that have an effect on plan members and other beneficiaries, employers, and plan administrators.

The Manager, Supervision will report to the Director, Supervision and will be expected to:
- Manage a team of (Senior) Supervisors responsible for risk assessments and interventions related to a portfolio of federally regulated private pension plans, including overseeing the quality of the team’s supervisory work; and
- Provide strategic direction and support to the team in determining the risk profiles of pension plans and assessing the level of risk and the appropriate interventions to be taken; including developing strategies for high-risk plans.

The Manager, Approvals will report to the Director, Policy, Approvals and Corporate Reporting and will be expected to:
- Manage the process of developing a recommendation on a request for the Superintendent’s approval through a team of (Senior) Approvals Officers; including overseeing the quality of the team’s work.

Work environment

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 organization. You will become part of a diverse community that acknowledges that everyone has varied experience and fosters an environment where communication and teamwork amplify our effectiveness.

Mandate
The work you do at OSFI matters. Your efforts contribute to the safety and soundness of the financial sector. A strong financial sector promotes competition, and benefits all Canadians.

Learning & Development
Our organization understands that ongoing learning and development is critical and necessary, and must evolve with developments in the Financial Sector. Learning and Development is a key 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. Subject to operational requirements, 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

The immediate need is to staff two indeterminate positions:
- Manager, Supervision
- Manager, Approvals

This selection process may be used to establish a pool of partially qualified and/or qualified candidates which could be used to staff similar positions at the Office of the Superintendent of Financial Institutions.

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 (a bachelor or a higher level degree) with a specialization in a field relevant to the duties of the position (e.g. law, economics, actuarial science, mathematics, finance, public policy, commerce or business administration).

Degree equivalency

ESSENTIAL EXPERIENCE
- Recent* and significant** experience in one, or a combination, of the following areas:
- Supervising, regulating or administering registered pension plans***;
- Supervising or regulating financial institutions;
- Conducting research and analysis to provide actuarial advice in either the pension or insurance industry;
- Examining, reviewing or auditing the processes, documentation or governance structures of enterprises sponsoring pension or insurance programs; and
- Developing or interpreting risk management policies/procedures, prudential guidance, regulatory expectations or public policy related to the financial sector or pension plans.

- Experience in developing options, providing advice and making recommendations to senior management.

- Experience in leading projects or a team of individuals.

* Recent is defined as “within the last five (5) years”.
** Significant will be evaluated in terms of the amount, complexity and diversity of work handled which would normally be acquired over a period of at least three (3) years and would demonstrate increasing responsibility and competencies.
*** A registered pension plan is a plan that is registered under the Pension Benefits Standards Act, 1985 or subject to the Public Pensions Reporting Act, or a similar law of a province, and does not include registered retirement savings plans.

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

ASSET EDUCATION
- Professional designation in a field relevant to the duties of the position (e.g. Accounting (CPA, CA, CMA, CGA), Law (BCL, LL.L, LL.B.), Finance (CFA) or Actuarial (Associate or Fellow of the CIA)).

Degree equivalency

ASSET EXPERIENCE
- Experience in managing human resources.

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

Bilingual - Imperative (CBC/CBC)

Information on language requirements

ESSENTIAL KNOWLEDGE
- Knowledge of significant issues facing Canadian pension plans.

ESSENTIAL COMPETENCIES
- Critical Thinking
- Results Orientation
- Working as a Team
- Impact and Influence

ESSENTIAL ABILITIES
- Ability to communicate effectively in writing.
- Ability to communicate effectively verbally.

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

ASSET KNOWLEDGE
- Knowledge of the Pension Benefits Standards Act, 1985 (PBSA).
- Knowledge of the Pension Benefits Standards Regulations, 1985 (PBSR).
- Knowledge of OSFI’s Risk Assessment Framework for Federally Regulated Private Pension Plans.
- Knowledge of OSFI’s guidance on applications requiring the Superintendent’s approval.

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
- Ability and willingness to travel.
- Ability and willingness to work overtime.

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

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.

By providing the required information in the suggested format, you will ensure that the assessors are in a position to assess the depth, complexity and scope of your experience.

A written examination may be administered.

An interview will be administered.

Reference checks may be sought.

The ability to communicate effectively in writing may be assessed using the candidate's application, as well as through the evaluation 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.).

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 may be applied at any time during the staffing process, including screening. Candidates may be contacted and assessed against these criteria at any time during this process.

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.

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

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 Government of Canada public service jobs website. Do not email, fax, or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.

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: .

OSFI's Ottawa location is downtown with easy access to shopping, restaurants, gyms, financial institutions and more. The building is less than a five minute walk from LRT and STO stops.

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.