Director (REX-07), Credit 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 Director is largely focused on special projects in relation to credit risk (eg: Executive and/or media requests, Regulatory Guidance Support (eg: RESL B-20), Downturn Readiness, International Regulatory Relationships, Macro Stress Tests, IFRS9 Support, New Federally Regulated Financial Institution Applications, FinTech, RDARR, etc.). Given that many of the projects and executive requests often involve manipulation of underlying credit data, this individual needs to be well versed in data management frameworks and risk analytics. This individual will be working closely with the various monitoring and market surveillance teams across OSFI.

The individual in this role will need to have very strong relationship management skills and be able to work in a fast paced and demanding environment, especially given timely responsiveness for many of the executive requests. This individual will need to have strong verbal/written communication and presentation skills.

Depending on the nature of the initiatives and resource availability, the incumbent may also be responsible for leading staff in conducting on–site examinations at financial institutions.

In addition, the Director will be responsible for providing consulting advice on credit issues to other OSFI divisions and the executive group.

Leading, developing, and coaching staff are key responsibilities of this position.

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 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: 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 degree from a post-secondary institution with specialization in business, commerce, economics, finance, accounting or other relevant field OR an acceptable combination of relevant professional industry experience and education.

Degree equivalency

ESSENTIAL EXPERIENCE
• Recent and significant experience in assessing/analyzing credit risk reporting and management practices and identifying key risk considerations in the financial services industry*.
• Recent and significant experience leading and/or directing meetings with executives.
• Recent and significant experience in discussing emerging /evolving risks, credit underwriting trends and credit quality/performance metrics (including provision levels).
• Recent and significant experience in leading/managing project teams and/or developing/coaching staff.

*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
• A graduate degree from a post-secondary institution.
• A relevant financial designation.

Degree equivalency

ASSET EXPERIENCE
You may be required to meet one or a combination of any of these asset experience criteria, and therefore, if you possess it you should provide details in your resume.

• Recent, comprehensive, and significant experience in the financial services industry in two of the following areas:
o Credit risk management, including experience in portfolio management and credit strategy
o Conducting credit risk related assessments at the industry, sector and/or institutional level.
o Lending / credit underwriting including adjudication/oversight
o Audit of credit risk activities or quality assurance
o Supervisory and/or regulatory experience
• Direct experience in the construct, collection and assessment of credit risk data.
• Experience in a second line function, a central support function or multiple lines of business in the financial sector or in financial sector regulation and supervision.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
• Knowledge of enterprise wide credit risk management practices and/or enterprise wide credit risk assessments.
• Knowledge of economic, financial and business indicators which impact credit risk.
• Knowledge on credit portfolio management theory, key credit risk drivers and credit portfolio reporting.
• Knowledge of financial institutions’ business units, products, and services with particular emphasis on credit risk.
• Knowledge of current and/or emerging credit-related issues and/or trends.

ESSENTIAL COMPETENCIES
Leadership Role Model
• Integrity: stepping up to the obligations of leadership with authenticity.
• Collaboration: sharing a community mind-set, promoting cohesion and breaking down barriers.
• Agility: Adapting to environmental complexities through innovation.
• Transparency: cultivating an open and trustworthy culture within the organization.
• Building Business Relationships
• Excellent Written Communication Skills
• Excellent Oral Communication Skills

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

ASSET KNOWLEDGE
• Knowledge of the oversight and control functions in financial institutions including Risk Management, Risk Appetite, Senior and Operational Management, Internal Audit, Board, and other areas with particular emphasis on credit risk.
• Knowledge of innovative technologies that help manage credit risk exposure in the financial services industry.

ASSET COMPETENCIES
• Developing Others
• Critical Thinking
• Results Orientation
• Professional Judgment
• Impact and Influence
• Change Leadership

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

Some travel may be required for this position.

Conditions of employment

CONDITIONS OF EMPLOYMENT

Security – Reliability
Agreement to be deployed into another REX position within OSFI at the same level.
In our current telework environment, the ability to work remotely from home with access to Internet in one’s residence is a condition of employment.

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

Assessments may be conducted virtually through email, telephone and/or videoconference. It is the candidates responsibility to ensure that their computer and mobile equipment is in working condition before starting an assessment.

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.