Senior Director, Deposit Taking Capital

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

LOCATION:
- Ottawa or Toronto

Duties

The Senior Director, Deposit Taking Capital is a key position for enabling OSFI to deliver on its mandate. As an integral member of the senior management team, the Senior Director, Deposit Taking Capital provides leadership, which supports the achievement of OSFI’s strategic objectives and priorities.

As the head of the Capital Deposit Taking unit, the Senior Director is responsible for strategically guiding OSFI’s efforts in evolving its capital and liquidity requirements so they adequately reflect financial and non-financial risks impacting the safety and soundness of Canada’s Federally Regulated Deposit Taking Institutions which include Banks as well as Trust and Loan Companies. This includes maintaining consistency and coherence of these requirements with an increasingly integrated domestic and international context.

Work environment

Who we are:
OSFI is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial sector. OSFI supervises and regulates federally registered Banks as well as Trust and Loan companies, Insurers as well as Private Pension Plans subject to federal oversight.

What OSFI offers:
OSFI offers a competitive salary with eligibility for performance pay annually. People are the foundation of our organisation. You will become part of a community that acknowledges and values differences in background and experience. We believe that diversity of thoughts and collaboration greatly contribute to our success.

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 promoting competition and benefiting all Canadians.
- Learning and Development: our organisation understands that ongoing learning and development is critical and must evolve with developments in the financial sector. Learning and Development is a fundamental element in achieving our mandate and 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. Where circumstances warrant, 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, comprehensive health and dental plans that extend into retirement, maternity and parental leave benefits, vacation (4 weeks), personal and family leave days.

Intent of the process

The immediate need is to staff one position on an indeterminate basis.

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: 1

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 finance, accounting, actuarial science, economics, commerce, business or public administration, mathematics or other relevant area.

Degree equivalency

ESSENTIAL EXPERIENCE
- Significant* experience in leading the development of financial and/or non-financial risk management policies.
- Significant* experience in providing strategic advice and recommendations to senior executives on complex matters.
- Significant* experience at the executive level in managing human resources that entails building, mentoring, and coaching a diverse team of technical and professional staff.
- Significant* experience in establishing and maintaining effective working relationships with internal and external stakeholders at the executive level.

* “Significant experience” is defined as the depth and breadth of experience that is normally acquired by continuously exercising the functions for a period of 5 years or more.

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

ASSET EDUCATION
- A graduate degree in finance, accounting, actuarial science, economics, business or mathematics.
- A professional designation such as CFA, CPA, FCIA or other relevant designation.

Degree equivalency

ASSET EXPERIENCE
- Experience at the executive level in a risk management function at a Canadian Federally Regulated Deposit Taking Institution.
- Experience providing advice and leadership on matters related to capital and liquidity standards and practices.
- Experience engaging with stakeholders internationally on matters related to the financial sector.

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

Bilingual - Non Imperative (CBC/CBC)
This is a non-imperative selection process. This means that, as long as you meet the language proficiency requirements in your first official language, you can be offered the job, as language training will be provided in your second official language. If you accept the job on this basis, you will be required to successfully complete second official language training within two years of your appointment.

Information on language requirements

ESSENTIAL KNOWLEDGE
- Knowledge of inherent and emerging risks faced by the Canadian financial services sector**.
- Knowledge of the financial regulatory environment applicable to the Canadian financial services sector** and OSFI’s role in that environment.

** “Canadian financial services sector” is defined as banks and/or credit union and/or trust and loan companies and/or insurers.

ESSENTIAL COMPETENCIES
- Collaboration: Sharing a community mindset, promoting cohesion and breaking down barriers.
- Agility: Adapting to environmental complexities through innovation.
- Transparency: Cultivating an open and trustworthy culture within the organization.
- Integrity: Stepping up to the obligations of leadership with authenticity.

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 risk assessment methods.

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 ability to work overtime.
- Willingness and ability to travel domestically and internationally.

Conditions of employment

Reliability Status security clearance

Agreement to be deployed to another REX position within OSFI at the same level.

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.

A written examination may be administered.

An interview will be administered.

Reference checks will be sought.

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.

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 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. 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: .

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.