Manager, Legislative Policy, Interpretations and Compliance

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

The positions are located in Ottawa. As a result of the global pandemic, OSFI employees are currently working from home. Should the current telework environment no longer apply, the successful candidate will be required to report to and work onsite from the Ottawa office.

Duties

The Legislative Policy, Interpretation and Compliance unit (LPIC) is a group of legal experts that provide advice on managing issues relating to legislation and regulations, including:
- legislative policy and compliance responsibilities; and
- the interpretation of the statutes that apply to federally regulated financial institutions.

The Manager of Legislative Interpretations is primarily responsible for providing advice on the interpretation and application of the Bank Act, Insurance Companies Act, Trust and Loan Companies Act and regulations made thereunder.

The Manager of Legislative Policy is primarily responsible for monitoring, providing advice on, and managing issues relating to, legislative or policy initiatives regarding other statutes that could have a material impact on OSFI’s supervision and regulation of federally regulated financial institutions. The Manager of Legislative Policy also provides advice on the interpretation and application of the Bank Act, Insurance Companies Act, Trust and Loan Companies Act and regulations made thereunder.

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 two (2) positions, one (1) English Essential position and, one (1) Bilingual Imperative CCC/CCC position on an indeterminate basis.

This selection process may be used to establish a pool of partially qualified and/or qualified candidates that 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 law degree* (B.C.L., LL.L., LL.B. or J.D.) from a recognized post-secondary institution.

*The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities.

Degree equivalency

ESSENTIAL EXPERIENCE
- At least 5 years of significant** experience in interpreting and providing advice on corporate and commercial statutes and regulations.

**Significant is defined as the breadth and complexity of experience that would normally be acquired where the experience was directly a part of the regular work duties of the candidate.

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

ASSET EXPERIENCE
- Experience working within a financial institution in a regulatory compliance function.
- Experience providing legal advice to a financial institution with respect to regulatory compliance.
- Experience working in the supervisory or legislative interpretation group of an entity that regulates, from a prudential perspective, the financial services industry.
- Experience developing legislation or regulations specifically aimed at regulated deposit taking institutions or insurance companies.
- Experience in researching, formulating, analyzing or interpreting public policy in relation to financial institutions.

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

Various language requirements
VARIOUS LANGUAGE REQUIREMENTS
- English essential (1 position), Bilingual imperative CCC/CCC (1 position)

Information on language requirements

ESSENTIAL KNOWLEDGE
- Knowledge of the laws applicable to federally-regulated financial institutions.

ESSENTIAL COMPETENCIES
- Professional Judgment
- Results Orientation
- Building Business Relationships
- Impact and Influence

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

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

ASSET KNOWLEDGE
To be considered for the Manager of Policy position, the candidate may also have to meet the following:
- Knowledge of the key risks and current policy issues affecting financial institutions.
- Knowledge of government policies related to the Canadian financial sector.

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 availability to travel and work overtime when required.

Conditions of employment

CONDITIONS OF EMPLOYMENT
- Security: Reliability and/or Secret
- In our current telework environment, the ability to work remotely from home within Canada 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

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.

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 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.