Principal Analyst (RE-05), Inventory - Open to Aboriginal Persons Only

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

When you apply to this selection process, you are not applying for a specific job, but to an inventory for future vacancies. As positions become available, applicants who meet the qualifications may be contacted for further assessment.

If you have a limitation that may impact your performance at any steps of the assessment process (such as during a written test or an interview), you may request an accommodation. Assessment accommodations are designed to remove barriers, and to ensure that candidates with limitations can fully demonstrate their abilities. Should you wish to be accommodated, please direct your inquiry to the contact identified at the bottom of this poster. All information received in relation to accommodation will be kept confidential.

VACCINATION REQUIREMENT:

On October 6, 2021, the Government of Canada announced details of its plans to require vaccination across the federal public service: · https://www.canada.ca/en/treasury-board-secretariat/news/2021/10/backgrounder-covid-19-vaccine-requirement-for-the-federal-workforce.html

As per OSFI’s Policy on COVID-19 Vaccination, employees must attest to their vaccination status. The requirement for employees to be fully vaccinated applies whether they are teleworking, working remotely or working on-site. This is a condition of employment and it applies to indeterminate (permanent), determinate (term), casual, and student hiring. Should you reach the point in the selection process where it is necessary to verify terms and conditions of employment, then a human resources representative will contact you in order to complete an attestation.

EMPLOYMENT EQUITY:

Achieving a representative and diverse workforce has been identified as an organizational need for OSFI and may be applied at any time during 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. As such, first consideration for an appointment may be given to candidates who self-declare as belonging to one of the four designated employment equity groups (Persons with a disability, Aboriginal people, Members of a Visible Minority, or Women).

In order to self-declare, please ensure to check off the appropriate box within the online application under the Employment Equity section. We encourage you to consult theses links to learn more about employment equity and self-declaration:

• https://www.canada.ca/en/public-service-commission/jobs/services/gc-jobs/employment-equity.html
• https://www.canada.ca/en/public-service-commission/jobs/services/gc-jobs/applying-government-canada-jobs-how-to-apply.html#EE

This selection process is targeted to persons who self-declare as an Aboriginal* person. An Aboriginal person is a North American Indian or a member of a First Nation, Métis or Inuit. North American Indians or members of a First Nation include treaty, status or registered Indians, as well as on-status and non-registered Indians. The Aboriginal affiliation will be verified at the time of the appointment.

*The term “Aboriginal” is used within this job advertisement as it relates to the Employment Equity Act and other legislative frameworks. The term “Indigenous” is used, where feasible, in support of the United Nations Declaration on the Rights of Indigenous Peoples.

In order to self-declare, please ensure to check off the appropriate box within the online application under the Employment Equity section. To learn more about self-declaring, we encourage you to consult the following website: https://www.canada.ca/en/services/jobs/opportunities/government/self-declaring-because-we-care.html.

We encourage you to visit the following website for a copy of the Affirmation Of Aboriginal Affiliation Form for your information: https://www.canada.ca/en/public-service-commission/services/appointment-framework/employment-equity-diversity/affirmation-aboriginal-affiliation/affirmation-aboriginal-affiliation-form.html

Duties

To keep pace with growing and increasingly complex demands, the OSFI’s supervision teams (Deposit Taking Supervision Sector (DTSS), Insurance Supervision Sector (ISS) and Risk Support Sector (RSS)) are seeking highly motivated individuals 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 insurance and/or deposit taking financial institutions. The Principal Analyst is a key participant in the ongoing monitoring and on-site 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. Successful applicants will be initially placed in a position that matches their knowledge and experience. Your career path at OSFI can include positions in more than one sector.

Work environment

Are you highly driven and analytical? Do you thrive in rapidly changing environments? Do you self-declare as an Aboriginal person? You might be the person we are looking for! The Office of the Superintendent of Financial Institutions (OSFI) is seeking RE-05 Principal Analysts to join our team. You can be part of our exciting transformation as we become more dynamic and agile, building public confidence in Canada’s financial system.

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 numerous 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 sound knowledge of the current and emerging risks in the financial services industry.
• You are enthusiastic about developing and applying analytical insights into 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

Anticipatory Staffing

Applicants included in the inventory may be randomly pulled for review based on screening criteria. Management can decide to access applications at any point, so please ensure you submit your application as soon as possible.

A pool of qualified or partially qualified candidates may be created to staff similar or identical positions with various linguistic profiles and requirements, security profiles and/or various tenures within the Office of the Superintendent of Financial Institutions, which may vary according to the position being staffed.

Positions to be filled: Number to be determined

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 OR an acceptable combination of relevant professional industry experience and education.

Degree equivalency

ESSENTIAL EXPERIENCE
• Experience in the financial services sector* in one or more of the following key areas: Risk Management, Finance, Corporate Governance, Compliance, Internal Audit, External Audit (includes experience in assessing risk and control effectiveness), Commercial and/or Retail Credit, Underwriting, Analysis of Profitability, Control Effectiveness and Financial Results, Strategic Planning, Mergers and acquisitions, Data Analytics OR Experience in supervising financially regulated institutions.
• Experience in the identification, assessment, monitoring, quantification and/or measurement, and/or management and mitigation of risks.
• Experience in liaising with and making presentations to Senior Management.

*Financial services sector experience is defined as experience working in: (a) a financial institution, including banks, trust and loan companies, and insurance companies (b) firms dealing with audits or consulting engagements to such institutions, (c) technology and data companies providing services to financial institutions or linked to the delivery of financial services, (d) government departments that directly deal with the supervision and regulation of these institutions or (e) First Nation Institutions including: Band operations, trustees or administrators of pension plans, lending institutions or other related areas providing financial services

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 or post-graduate degree from a post-secondary institution with relevance to the financial services sector, such as a degree in finance, business, commerce, economics, mathematics, actuarial science, statistics, engineering, computer science or data analytics.
• A relevant professional designation (e.g., CPA, CFA, FRM, CMA, CERA, FCIA).
• Recognized advanced training relevant to the business and/or risk management activities of the financial services sector.

Degree equivalency

ASSET EXPERIENCE
You may be required to meet a combination of any of these asset experience criteria:
• Experience in relationship or key account management.
• Experience in data and analytics including modern business information tools (such as Power BI or Tableau for visualization) for the analysis and assessment of one or more of the following: Credit, Liquidity, Market, Insurance, or Operational risk.
• Recent and significant experience in one or more of the following:
o The Banking Industry
o The P&C Insurance Industry
o The Life Insurance Industry
o Consumer/residential mortgage lending or mortgage insurance activities
o Credit risk analysis, assessment, and risk management
o Liquidity or liquidity risk management
o Operational risk management, including third-party risk and business continuity planning
o Capital and/or capital management
o Capital markets risk analysis and assessment
o Monitoring or assessing the performance of regulatory capital models
o Model risk management
o Retail lending, commercial lending, corporate lending, capital markets or problem loan management.
• Experience with Natural Language Processing and/or Natural Language Generation
• Experience with Azure Synapse Analytics, Azure Cognitive Services.
• Experience with data science languages, such as python and R
• Experience with modern programming languages, such JavaScript, Java, PHP or node.js
• Experience in a central support function (including CSS) within financial sector regulation and/or supervision

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

Various language requirements
• English Essential
• Bilingual - Imperative (CBC/CBC)
• Bilingual - Imperative (BBB/BBB)

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
• Knowledge of the business and regulatory environments in which financial institutions operate.
• Knowledge of the key products and functions and the performance indicators in the banking and/or insurance sectors.
• Knowledge of current and emerging risks, issues, or trends in the financial services sector and the information and techniques used in the measurement and management of associated risks.

ESSENTIAL COMPETENCIES
• Professional Judgment
• Collaboration
• Critical Thinking
• Innovation
• Change Leadership
• Excellent oral communication skills
• Excellent written communication skills

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

ASSET KNOWLEDGE
• Knowledge of OSFI’s role in the supervision of the Canadian Financial System
• Knowledge of OSFI’s Supervisory Framework including guidelines.
• Knowledge of relevant global risk management and accounting principles and standards (e.g., Basel Committee, International Association of Insurance Supervisors, and International Accounting Standards Board) and their application to both large and small financial institutions.
• Knowledge of governance and risk management practices currently employed in financial institutions to measure and manage current and emerging risks.
• Knowledge of the performance indicators in the banking sectors.
• Knowledge of the performance indicators in the insurance sectors.
• Knowledge of actuarial and finance models used by the insurance industry and applicable regulatory requirements.
• Knowledge of mathematical concepts and analytics used to measure risk in credit or market risk models.
• Knowledge of regulatory returns
• Knowledge of data science analytic techniques (modeling, machine learning and artificial intelligence applications).
• Knowledge of technology risk, innovative FinTech and InsurTech products and/or cyber risk as they relate to the financial services sector.
• Knowledge of regulatory technology and supervisory technology

ASSET COMPETENCIES
• Building Business Relationships
• Impact and Influence
• Working as a Team

ORGANIZATIONAL NEEDS
OSFI is committed to having a skilled and diverse workforce representative of the Canadian population. In order to meet our employment equity objectives, selection for this position may be made from among qualified candidates who self-declare as belonging to one of the following Employment Equity groups: Persons with a disability, Aboriginal people, Members of a Visible Minority, or Women. OSFI is committed to diversity and inclusion and we strongly encourage candidates to self-declare if they belong to one of these designated employment equity groups.

OPERATIONAL REQUIREMENTS
• Ability and willingness to work overtime as required.
• Availability and willingness to travel on occasion, both domestically and/or internationally.

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.

All employees of the Office of the Superintendent of Financial Institutions (OSFI) are required to be fully vaccinated against COVID-19 unless accommodated based on a medical contraindication, religion, or another prohibited ground for discrimination as defined under the Canadian Human Rights Act.

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

Positions being staffed from this process may be located in our Toronto, Vancouver or the Montreal offices; however, the successful candidate may also work from the Ottawa office.

As a result of the global pandemic, OSFI employees are currently working from home. Should the current telework environment no longer apply, and contingent on the operating model adopted by OSFI, you may be required to report into and work onsite from one of the following offices: Toronto, Ottawa, Vancouver or Montreal. As our telework arrangements are evolving, we encourage you to apply.

OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).

Internal employees of OSFI at the same group and level may be considered and offered a deployment or assignment before considering other applicants.

An assignment/secondment or an acting appointment requires approval of your supervisor.

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.

Note that you should be ready to provide proof of your education credentials if requested as part of the staffing process.

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.

ASSESSMENT:
Your application may be used to assess written communication.

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.

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).

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.

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 .

If you have a limitation that may impact your performance at any steps of the assessment process (such as during a written test or an interview), you may request an accommodation. Assessment accommodations are designed to remove barriers, and to ensure that candidates with limitations can fully demonstrate their abilities. Should you wish to be accommodated, please direct your inquiry to the contact identified at the bottom of this poster. All information received in relation to accommodation will be kept confidential.

Preference

Preference will be given to veterans first and then to Canadian citizens and permanent residents, 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.