1. Senior Officer 2. Policy Analyst 3. Senior Policy Officer

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

POSITION LOCATION:
This position is located in Ottawa; however, the successful candidate may work from one of the OSFI offices across Canada (Toronto, Montreal, Ottawa, or Vancouver).

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, Montreal, Ottawa, or Vancouver. As our telework arrangements are evolving, we encourage you to apply.

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).

*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 possible, in alignment with 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. 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

Duties

1. Senior Officer, Approvals: A Senior Officer, Approvals analyzes applications from Federally Regulated Financial Institutions (FRFIs) or Pension Plans (FRPPs) as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Senior Officer is expected to identify any prudential, legislative or, in the case of FRFI applications, policy issues that may pertain to the application.

2. Policy Analyst, Prudential Policy and Strategic Policy Liaison: A Policy Analyst, Prudential Policy and Strategic Policy Liaison, will conduct research, undertake analysis and provide advice to the Superintendent of Financial Institutions, as well as other members of OSFI’s senior management team, on a wide variety of policy issues affecting FRFIs. The Policy Analyst will also liaise with internal and external stakeholders to support financial sector policy initiatives and the development and administration of prudential guidance applicable to FRFIs.

3. Senior Policy Officer, Private Pension Plans: A Senior Policy Officer will respond to enquiries requiring interpretation of existing pension legislation, regulations and guidance and participate in the development of pension policies and guidance. The Senior Policy Officer is also expected to propose revisions to legislation, regulations, guidelines and OSFI policies that would enhance the regulatory and supervisory framework.

Work environment

Our Role:
OSFI is an independent federal government agency that regulates and supervises more than 400 federally regulated financial institutions and 1,200 pension plans to determine whether they are in sound financial condition. In fulfilling its mandate, OSFI supports the government's objective of contributing to public confidence in the Canadian financial system.
Learn more about us 👉 https://youtu.be/QO_3vnPKuZI

Our People and Culture:
People are the foundation of our organization. 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.
Hear about our people 👉 https://youtu.be/diUspmpYWQI

Our Rewards:
💵 Compensation: OSFI offers a competitive salary, and employees may be eligible for in-range increases and economic adjustments. Salaries are based on qualifications, experience and knowledge. The Public Service Pension Plan is a defined benefits pension plan (indexed for inflation), where both the employer and the employee contribute.

💰 Performance Pay: OSFI employees are eligible for an annual bonus based on their performance throughout the year.

✈️ Vacation and Leave: OSFI employees start with 4 weeks of paid vacation, 2 personal days and 5 days of Family Related Leave with Pay among other various types of paid and unpaid leave.

💻 Flexible Work Arrangements: OSFI offers flexible work arrangements by providing support for compressed work week schedules, flexible work hours and teleworking, in order for employees to achieve their work objectives while achieving balance between work and homelife.

📖 Learning and Development: OSFI offers career advancement opportunities and encourages innovative thinking in its work environment. Employees may be reimbursed for relevant professional association membership fees.

Intent of the process

The immediate need is to staff various positions with various language requirements (English essential, Bilingual imperative) on an indeterminate basis with various tenure.

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 recognized post-secondary institution in commerce, business administration, finance, economics, accounting, law, actuarial science, mathematics, public administration, public policy, or another speciality relevant to the position.
OR
- Any other degree* from a recognized post-secondary institution with a membership in a Canadian professional association of actuaries, accountants or CFA charterholders.

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

Degree equivalency

ESSENTIAL EXPERIENCE
Recent** and considerable*** experience in one, or a combination, of the following areas:

1. Providing written and oral advice, which includes policy positions and recommendations, to senior management, AND/OR
2. Establishing partnerships and collaborating or engaging with internal and external stakeholders to discuss prudential recommendations or public policy issues, AND/OR
3. Planning and conducting research or analysis of public policy in relation to financial institutions or pension plans (e.g., guidelines, laws, regulations), AND/OR
4. Researching and analyzing financial information, business plans or legal agreements related to the financial services sector, AND/OR
5. Identifying key risks of a financial institution or pension plan and making recommendations for the mitigation of those risks, AND/OR
6. Assessing compliance with, or providing advice in regards to commercial or corporate legislation.

**Recent: Experience acquired within the last 5 years.
***Considerable: A depth of experience accumulated over a period of at least 2 years.

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

ASSET EDUCATION
- A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, actuarial science, mathematics, public administration, or another speciality relevant to the position.
OR
- A law degree (B.C.L, LL.L., LL.B. of J.D.) from a recognized Canadian university
OR
- Membership in a Canadian professional association of actuaries (e.g., CIA, FCIA), lawyers, accountants (e.g., CPA, CA, CGA, CMA) or CFA charterholders

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

Degree equivalency

ASSET EXPERIENCE
1. Experience interpreting legislation or regulations related to the Canadian financial sector or registered pension plans****.
2. Experience developing or interpreting prudential guidance in Canada’s financial sector.
3. Experience in public policy development or regulatory initiatives related to the financial sector or registered pension plans**** within a Canadian federal or provincial government department or agency.
4. Experience carrying out the prudential regulation or supervision of financial institutions or registered pension plans****.
5. Experience working at a financial institution (e.g. Bank, insurance company, mortgage insurance company, etc.)
6. Experience supervising or administering registered pension plans****.

**** A registered pension plan is a plan that is registered under the Pension Benefits Standards Act, 1985 or a similar law of a province or a plan subject to the Public Pensions Reporting Act, and does not include registered retirement savings plans.

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

Various language requirements
English Essential
Bilingual imperative BBB/BBB
Bilingual imperative CBC/CBC

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 COMPETENCIES
- Critical Thinking
- Results Orientation
- Collaboration
- Interpersonal Communication

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
1. Knowledge of the legislation or regulations that apply to Federally Regulated Financial Institutions or Federally Regulated Private Pension Plans.
2. Knowledge of OSFI’s regulatory and supervisory framework applicable to Federally Regulated Financial Institutions.
3. Knowledge of public policy or regulatory initiatives of federal or provincial government departments or agencies that may affect Federally Regulated Financial Institutions or Federally Regulated Private Pension Plans or OSFI’s oversight of Federally Regulated Financial Institutions or Federally Regulated Private Pension Plans.
4. Knowledge of capital markets and financial products.
5. Knowledge of OSFI’s Risk Assessment Framework for Federally Regulated Private Pension Plans.

ASSET COMPETENCIES
- Innovation

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
- Willingness and availability to work overtime occasionally.
- Willingness and availability to travel domestically and/or internationally when required.

Conditions of employment

Reliability Status security clearance

Secret security clearance

CONDITIONS OF EMPLOYMENT
- 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

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 may be administered.

An interview may 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 (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

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.

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

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.

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 inform us by sending an e-mail to the following address: . All information received in relation to accommodation will be kept confidential.

OSFI's Ottawa location is downtown with easy access to shopping, restaurants, gyms, financial institutions and more. The building is less than a five-minute walk from LRT and STO stops.

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 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.