Principal Analyst

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: This position is located in Montréal, Québec. 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 Montréal office.

Duties

To keep pace with growing and increasingly complex demands, the Deposit Taking Supervision Sector (DTSS) is seeking a highly motivated individual with a broad financial industry and risk management perspective to participate in the supervision, analysis and assessment of the financial condition, risk profile and risk management practices of Canada’s federally regulated deposit taking financial institutions. The Principal Analyst will be a key participant in the ongoing monitoring and review of significant business line activities and control functions. This position also participates in the analysis and identification of both sound practices and emerging risk trends across financial sectors.

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 one position with a language requirement of Bilingual Imperative BBB/BBB 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 business, commerce, economics, accounting, actuarial science, mathematics, or another relevant field OR a combination of relevant professional experience and education.

Degree equivalency

ESSENTIAL EXPERIENCE
- Recent* and significant** experience in the financial services industry*** in one or more of the following key areas: Risk Management, Finance, Regulatory Supervision, Internal Audit, External Audit including demonstrated experience in critiquing risk management practices related to one or more of (Credit, Market, or Operational risk).

* Recent experience is defined as experience acquired within the last five (5) years.
** Significant experience is defined in terms of both depth and breadth of experience that is normally acquired by performing the tasks continuously over a minimum period of three (3) years.
*** Financial services industry experience is defined as experience working in a financial institution, including banks, cooperative credit unions, trust and loan companies, and firms dealing with financial services audits or consulting engagements, 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 EDUCATION
- A graduate degree in business, commerce, economics, accounting, actuarial science or mathematics.
- A relevant professional designation such as a CPA or CFA.

Degree equivalency

ASSET EXPERIENCE
- Regulatory or supervision experience in the financial services industry**.
- Experience in capital and/or capital management experience.
- Experience in liquidity and/or liquidity risk management experience.
- Experience in risk management practices related to credit risk.
- Experience in external or internal audit in the financial services industry**.

** Financial services industry experience is defined as experience working in a financial institution, including banks, cooperative credit unions, trust and loan companies, and firms dealing with financial services audits or consulting engagements, as well as government departments that directly deal with the supervision and regulation of these institutions or other relevant areas.

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

Bilingual - Imperative (BBB/BBB)

Information on language requirements

ESSENTIAL KNOWLEDGE
- Sound knowledge of the current and emerging risks in the banking industry.
- Knowledge of the techniques used in the measurement and management of current and emerging risks in the banking industry.
- Knowledge of the Canadian regulatory environment of federally regulated financial institutions.

ESSENTIAL COMPETENCIES
- Critical Thinking
- Developing Myself
- Professional Judgment
- Results Orientation
- Collaboration

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)

ASSET COMPETENCIES
- Impact and Influence
- Innovation

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 travel domestically on occasion.
- Ability and willingness to work overtime as 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

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.

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 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.