Specialist (RE-06), Culture and Conduct 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

This position is located in Toronto. 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 Toronto office.

Duties

The Culture and Compliance Risk Division (CCRD) is seeking a highly motivated individual to participate in the supervision, analysis and assessment of Canada’s federally regulated financial institutions (FRFIs). CCRD is part of the Non-Financial Risk Group of the Risk Support Sector within OSFI. The position’s accountabilities may include:
• Interacting with key stakeholders at FRFIs, including members of senior management and the board of directors.
• Assessing the inherent risks and key controls that drive the risk profile at FRFIs.
• Ongoing monitoring of FRFIs involving the analysis of a variety of financial and non-financial reports, including risk reports.
• Supporting assessments/reviews of significant activities or control functions at FRFIs.
• Working and liaising with various internal stakeholders, including lead supervisory teams and specialists.
• Working with external supervisory partners (national and international).
• Identifying best practices and emerging trends.

Work environment

Who we are:
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 organisation. 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.

Who you are:
You should possess the following attributes:
• You are an individual with a broad financial industry and risk management perspective.
• You are keenly interested in contributing your expertise to promote a safer financial system.
• You have in-depth knowledge of the current and emerging risks in the financial services industry.
• You know the techniques used in the measurement and management of current and emerging risks.
• You work well with others.
• Your critical thinking skills help to inform your decision-making.

Intent of the process

The intent is to staff one (1) Bilingual Imperative (CBC/CBC) position through this selection 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 commerce, law, business, finance, economics, business administration, or behavioural sciences or other relevant field or an acceptable combination of relevant professional industry experience and education.

Degree equivalency

ESSENTIAL EXPERIENCE

• Recent and significant experience working in the financial services industry* in one or more of the following areas:
o Risk Management
o Regulatory Compliance
o Internal/External Audit
• Significant experience in planning, coordinating and executing on-site compliance or risk management assessments or audits of financial institutions or similar experience of assessments in other regulatory areas.
• Recent and significant experience in liaising with and making presentations to senior management and/or boards of directors at FRFIs.

* Financial services industry experience is defined as experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms, accounting firms (dealing with audits), and consulting firms, 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)

ASSET EXPERIENCE
You may be required to meet a combination of any of these asset experiences, and therefore, if you possess any of them you should provide details in your application:
• Experience in developing, evaluating, and/or implementing risk management frameworks used by financial institutions to mitigate risks.
• Experience in the development, implementation and maintenance of effective oversight controls in FRFIs.

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

Bilingual - Imperative (CBC/CBC)
Linguistic Requirements
• Bilingual Imperative (CBC/CBC)

Reading: C (advanced)
Writing: B (intermediate)
Oral: C (advanced)

Information on language requirements

Second Language Writing Skills Self-Assessment
In order to help you decide if you should apply to a bilingual position, an optional self-assessment of your writing skills in your second official language is available for you to take before completing your application.

For more information, please consult:
Unsupervised Internet Test of Second Language Writing Skills

ESSENTIAL KNOWLEDGE
• In-depth knowledge of the Canadian regulatory environment in which FRFIs operate.
• In-depth knowledge of current and emerging regulatory risks and risk management practices in the financial services industry, and challenges experienced by FRFIs in dealing with them.
• In-depth knowledge of OSFI’s Guideline E-13 and its application to both large and small FRFIs.
• Knowledge of OSFI’s Supervisory Framework.

ESSENTIAL COMPETENCIES
• Results Orientation
• Collaboration
• Critical Thinking
• Professional Judgment

ESSENTIAL ABILITIES
• Ability to communicate effectively orally
• Ability to communicate effectively in writing

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

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 post-graduate degree from a post-secondary institution.

Degree equivalency

ASSET ABILITIES
• Proficiency in MS Excel

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 is required.

Conditions of employment

Security- Reliability

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

Assessments may be conducted virtually through email, telephone and/or videoconference. It is the candidate’s 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 without Internet access may also review jobs open to the public through INFOTEL at 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.