Principal Analyst (RE-05) & Specialist (RE-06), 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

LOCATION: These positions are 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 one of the OSFI offices (Toronto, Montreal, Ottawa and Vancouver) identified at the time of appointment. Working remotely will require travel to Toronto.

Duties

What you will be doing:
The Credit Risk Division undertakes assessments of the credit exposures and related risk management practices of federally regulated financial institutions. The Principal Analyst and the Specialist in the Credit Risk Division are responsible for the assessment of credit risk activities within financial institutions and across sectors. Specifically, the Principal Analyst (RE-05) and the Specialist (RE-06) will conduct:
• Assessment of credit risk practices across financial institutions and sectors by leading (RE-06 only) and/or participating in examinations/ on-site reviews of significant credit activities, and undertaking regular credit risk monitoring activities.
• Identification of emerging credit risk issues and trends at the environmental, industry and financial institution level.

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 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.

Learning & Development
Our organisation understands that ongoing learning and development is critical 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, 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 sound 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 are an excellent communicator who works well with others.
• Your critical thinking skills help to inform your decision-making.

Intent of the process

The intent of this selection process is to staff two (2) positions on an indeterminate basis at the RE-05 level as well as an anticipatory staffing process at the RE-06 level.

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

These positions are located in Toronto, however, the successful candidates may work from one of the OSFI offices in Toronto, Montreal, Ottawa and Vancouver, to be identified at the time of appointment. Working remotely will require travel to Toronto.

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 degree from a post-secondary institution with specialization in business, commerce, economics, finance, mathematics, actuarial science, 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 the financial services industry***, in one of the following areas:
o Credit adjudication
o Transaction structuring
o Credit risk management function (e.g., portfolio analytics, risk rating methodologies, policy development)
o Assessment of credit risk management practices in an Internal Audit, or similar function

* Recent experience is defined as experience acquired within the last three (3) 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 five (5) or more years.

***Financial services industry includes experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms, and accounting 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)

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
• CFA, FRM, CPA, CMA or other relevant professional designation

Degree equivalency

ASSET EXPERIENCE
You may be required to meet a combination of any of these asset experience criteria:
• Experience in leading project teams
• Recent* and significant** experience in the financial services industry***, in two of the following areas:
o Credit adjudication
o Transaction structuring
o Credit risk management function (e.g., portfolio analytics, risk rating methodologies, policy development)
o Assessment of credit risk management practices in an Internal Audit, or similar function
• Experience in the following areas: retail lending, commercial lending, corporate lending, capital markets or problem loan management
• Significant experience in critiquing risk management practices and identifying key risk areas in institutions

* Recent experience is defined as experience acquired within the last three (3) 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 five (5) or more years.

***Financial services industry includes experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms, and accounting firms, 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)

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
• Knowledge of credit risk and portfolio management processes
• Knowledge of current and/or emerging credit related issues or trends
• Knowledge of credit performance indicators and the information and techniques used in their measurement and management

ESSENTIAL COMPETENCIES
• Results Orientation
• Professional Judgment
• Impact and Influence
• Collaboration
• Excellent oral communication skills
• Excellent written communication skills
• RE-06 ONLY: Developing Others

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

ASSET KNOWLEDGE
• Knowledge of OSFI’s supervisory framework and supervisory practices
• Knowledge of financial institutions’ business units, structures, products and services with particular emphasis on credit risk

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
Domestic travel may be required, with limited possibility of international travel.

Conditions of employment

Reliability Status security clearance

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 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.