Senior Director

SELECTION PROCESS CANCELLED

We regret to inform you that this job opportunity has been cancelled.

Dear Candidate,

With regards to the advertised selection process 22/23-SIF-EA-8619 for an opportunity at the REX-09 group and level, please note that it has been cancelled for administrative reasons.

Thank you for your interest into OSFI and we wish you the best of luck ion your future endeavors.

On behalf of the Selection Board Committee

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 Toronto; however, the successful candidate may work from one of the OSFI offices across Canada (Toronto, Montreal, Ottawa, or Vancouver).

OSFI believes in offering employees flexibility and in creating a workplace that is productive, engaging, collaborative, and inclusive, all the while being supportive of employees’ wellbeing. As such, OSFI is experimenting with a hybrid work model (a combination of telework and onsite work) that will shape how we use our physical workplace to establish new norms, ways of collaborating, and working together and will adjust its model based on lessons learned.

EMPLOYMENT EQUITY:
OSFI is committed to achieving a representative workforce that reflects the diversity of the Canadian population. We are dedicated to building and promoting a diverse, equitable and inclusive workforce, representative of all Canadians regardless of race, ethnicity, colour, religion, sex, age, disability, sexual orientation, gender identity or expression, socio-economic background or lived experience. By embracing diversity and inclusion, our department ensures broader discussions, better decisions, and a more positive workplace.

We invite you to be part of the change by joining an organization where individual differences are recognized, valued and respected. We welcome all candidates to apply and strongly encourage candidates to self-declare if they belong to an Employment Equity designated group: Aboriginal* Peoples, Persons with Disabilities, Women or Visible Minorities (Black people and other racialized groups).

*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.

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 or more 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

Duties

Overview of Duties:

OSFI is seeking to fill a Senior Director position to lead its Non-Financial Risk (NFR) supervision group.

You will be responsible for providing strategic leadership, senior management direction and operational oversight of OSFI’s supervisory and regulatory mandate as it pertains to federally regulated financial institutions (FRFIs) in areas of NFR practice and supervision. The NFR supervision group is comprised of three (3) divisions, as professional risk specialists in the Technology Risk Division, Operational Risk Division, and the Culture & Compliance Risk Division.

Reporting to the Assistant Superintendent, Policy Innovation & Stakeholder Affairs, the Senior Director is responsible for:
• leading the implementation of NFR business plans and priorities to identify and assess key NFR issues and trends that impact FRFIs;
• providing strategic leadership in advancing the nature and intensity of ongoing NFR supervision work within OSFI’s Supervisory Framework and, in turn, contributing to public confidence in the Canadian financial system;
• leading a team of non-financial risk supervision specialists and actively developing, coaching and managing Managing Director level staff;
• providing guidance, senior management direction and operational oversight on a portfolio of projects and initiatives related to the NFR or PISA Sector mandate;
• providing strategic advice to Senior Management and OSFI Executives;
• developing and maintaining effective relationships with internal OSFI colleagues and key external stakeholders (i.e. national and international standard setters and regulators, financial institutions, industry associations); and
• leading, influencing and executing in a challenging and changing environment.

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. We have several networks dedicated to ensuring that the department continues to grow as an inclusive, accessible, respectful and diverse workplace. All employees are encouraged and welcome to join the following networks and participate in their activities and events.
• Diversity of Thought
• Family Responsibilities
• Gender
• LGBTQ2IS
• Mental Health and Accessibility
• Multiculturalism (Affinity Groups: Indigenous, Asian, Black)
• Unconscious Bias
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 benefit 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 home life.

📖 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

This process may also be used to create a pool of partially-qualified and/or qualified candidates to staff identical or similar positions with various tenures (e.g. indeterminate, term, casual), various language requirements and/or other requirements at the Office of the Superintendent of Financial Institutions (OSFI).

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
• Degree from a post-secondary institution with specialization in business, commerce, economics, finance, mathematics, risk management, actuarial science, law, 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 a business risk function, second line control function, or internal audit at the executive level
• Recent* and significant** experience advising senior executives and Board of Directors on financial and/or non-financial risks relating to financial services industry
• Significant** experience at the executive-level in managing human resources, finances, and planning for a diverse team of professional and technical specialists****

* In the last three (3) years.

** Period of about five (5) years.

*** Includes (a) financial institutions including banks, trust and loan companies, and insurance companies (b) firms dealing with audits or consulting engagements to such institutions (including reinsurance brokers) (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 these institutions (e) First Nation Institutions including: Band operations, trustees or administrators of pension plans, lending institutions or other related areas providing financial services (f) other relevant areas.

**** Detail number of staff, size of the budget, key responsibilities, and results.

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

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 KNOWLEDGE
• Knowledge of current and emerging non-financial risk trends and issues as they relate to the financial services industry
• Knowledge of regulatory and supervisory methods and practices including tools used to assess, measure and control risks as they relate to the financial services industry

ESSENTIAL COMPETENCIES
• Leading People
• Inclusion
• Collaboration

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

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

ASSET EXPERIENCE
• Experience managing non-financial risks, including technology risk, cybersecurity, operational risk and operational resilience, and/or compliance and culture risk
• Experience working in enterprise risk management (ERM)

ASSET COMPETENCIES
• Innovation
• Growth and Development
• Results Orientation
• Transparency
• Interpersonal Communication
• Critical thinking

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 or more 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 travel domestically and internationally
• Ability and willingness to work overtime occasionally

Conditions of employment

• Ability to obtain, possess, and maintain Secret Security Status
• Ability to work remotely from home within Canada with access to high-speed internet
• Agreement to be deployed into another REX position within OSFI at the same level

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

For external processes (as indicated by the abbreviation “EA” in the selection process number), only those selected for further consideration will be contacted.

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 ability to communicate effectively in writing may be assessed using the candidate's application, as well as through the evaluation process.

Assessments (such as written exams, interviews and reference checks) may be conducted virtually through email, telephone and/or videoconference.

Candidates must meet all of the essential qualifications to be appointed; however, one or more asset criteria may be invoked at any stage of the process.

Depending on the number of applicants, volume management strategies such as random selection, top-down approach and/or establishing cut-off scores to determine who will continue in the staffing process, may be used for the purpose of managing applications. Please note that although you may attain the established pass mark on any of the assessments used in this staffing process, management may decide to use a higher cut off score.

Eligible candidates may be considered and offered a deployment or interchange 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.

Email correspondence will be used as the main method of communication with candidates for this selection process, please ensure it accepts messages from unknown users. Please note that you need to provide valid and updated contact information.

All job applications must be submitted through the Government of Canada public service jobs website. Do not email or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button. 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 step of the assessment process (such as submitting the application, 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.

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.