Regulatory Officer - Development Program (RODP)

Important messages

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Assessment accommodation

Duties

A Regulatory Officer (RODP) is an entry-level position that works under the direction of a Manager or Director, rotates within the Regulation Sector, and conducts progressively more complex assignments to acquire knowledge and to support the work of the assigned Division.

Under the direction of a Manager or Director, and in collaboration with the Supervision and Risk Support Sectors and other Divisions in the Regulation Sector, the Regulatory Officer (RODP) is accountable for analyzing, formulating, interpreting, promoting and applying regulatory capital guidance, the legislation and/or other prudential guidance that applies to Federally Regulated Financial Institutions (FRFIs). In doing so, the Regulatory Officer (RODP) has defined deliverables and timelines and works within a team that is responsible for the analysis of regulatory approval requests or of emerging domestic and global risks that necessitate changing prudential guidance and capital, liquidity and other related requirements for FRFIs.

The Regulatory Officer (RODP) may assist others and represent OSFI in discussing issues or questions with FRFIs, and on international and domestic working groups, committees or task forces to discuss and present OSFI’s views pertaining to principles and standards relating to varied prudential issues affecting financial institutions.

The Regulatory Officer (RODP) contributes leadership, direction and expertise within cross-sector teams within OSFI and industry advisory/consultation groups established by OSFI. The Regulatory Officer (RODP) is also accountable for their own ongoing training and development with respect to the application of capital, liquidity, legislative and other related requirements for FRFIs and for the development of their leadership competencies.

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.

Working at OSFI offers the following:

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 4 Regulatory Officer (RODP) positions in OSFI’s Regulation Sector – i.e., 1 in the Regulatory Affairs Division in the Deposit-Taking Institutions (DTI) Approvals team, and 3 in the Capital Division (2 in the Banking Capital team, 1 in the Insurance Capital team).

This process may also be used to create pools of partially-qualified and/or qualified candidates to staff similar or identical positions with various tenures, various linguistic profiles and requirements, various security profiles at the Office of the Superintendent of Financial Institutions.

The Regulation Officer Development Program (RODP) is an entry-level program designed to prepare participants for a higher-level position within the Regulation Sector in the following Divisions: Regulatory Affairs (Approvals team, Prudential Policy team, and Strategic Policy Liaison team), Capital (Bank Capital team, Insurance Capital team), and Private Pension Plans. The RODP program is designed to prepare participants for a higher-level position within one of these Divisions (i.e., Senior Officer, Regulatory Officer, Analyst, Senior Supervisor or Senior Policy Officer), as described below:

Senior Officer, Approvals:
A Senior Officer, Approvals analyzes applications from 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 public policy issues that may pertain to the application.

Regulatory Officer, Prudential Policy and/or Strategic Policy Liaison:
A Regulatory Officer, Prudential Policy and/or 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.

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

Senior Supervisor or Senior Policy Officer, Private Pension Plans Division (PPPD):
A Senior Supervisor in 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.

Positions to be filled: 4

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
- Graduation with a degree* from a recognized university; and have recently** obtained or be working towards:

a) A master’s degree from a recognized university in business administration, commerce, finance, accounting, mathematics, economics, public administration, actuarial science, or another specialty relevant to the position; or
b) A law degree (B.C.L., LL.L., LL.B. or J.D.) from a recognized Canadian university; or
c) Membership of a Canadian Law society; or
d) A professional accounting designation; or
e) Completion of four exams (or equivalent) towards the Fellowship of the Society of Actuaries.

All course work must be completed before the candidate’s start date, and proof must be shown that the required education element has been successfully completed.

* The term "degree" refers to a baccalaureate or a higher-level degree, as established by educational authorities.
** "Recently" is defined as within the past 5 years.

Degree equivalency

ESSENTIAL EXPERIENCE
- Experience conducting research.
- Experience writing reports, presentations or briefing notes.

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

ASSET EDUCATION
- Professional designation: CFA
- Professional designation: CPA
- Professional designation: FCAS
- Professional designation: FCIA
- Professional designation: FSA
- Professional designation: FRM

Degree equivalency

ASSET EXPERIENCE
- Experience conducting research and analysis of financial or non-financial risks (e.g. credit, market, liquidity, operational, insurance, technology, legal, regulatory compliance, strategic, actuarial).
- Experience writing correspondence, reports, presentations or briefing notes related to the financial sector.
- Experience i) interpreting legislation or regulations, or ii) developing or interpreting prudential guidance, related to Canadian financial sector.
- Experience carrying out the prudential regulation or supervision of financial institutions.

ASSET KNOWLEDGE
- Knowledge of the role and mandate of the Office of the Superintendent of Financial Institutions
- 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.
- Knowledge of capital markets and financial products.

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

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

Information on language requirements

ESSENTIAL COMPETENCIES
- Critical Thinking
- Innovation
- Results Orientation
- Collaboration

ESSENTIAL 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 COMPETENCIES
- Developing myself
- Impact and influence
- Building business relationships
- Working as a Team

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 work overtime occasionally.
- Ability and willingness to travel within Canada and abroad.

Conditions of employment

Reliability Status security clearance

CONDITIONS OF EMPLOYMENT
- Ability to work remotely from home with access to reliable high-speed internet in one’s residence.

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 will 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.

Candidates invited to an interview will be required to provide proof of their education credentials, in the form of a diploma or official transcript. 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: .

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.