Reference Number
SIF22J-085897-000022
Selection Process Number
22-23-SIF-EA-8699
Organization
Office of the Superintendent of Financial Institutions Canada
Year
2022-2023
Days Open
14
Classification
FI03, RE05
City
MULTIPLE
Type
External
Total
40
Employment Equity
29
(72.5%)
Screened out
0
(0%)
Screened in
38
(95%)
Employment Equity 72.5% 29
Screened Out 0% 0
Screened In 95% 38
Women 42.5% 17
Visible minority 47.5% 19
Indigenous 0% 0
People with disabilities 0% 0
English 62.5% 25
French 37.5% 15
Citizens 55% 22
Permanent Residents 0% 0
SELECTION PROCESS CANCELLED
We regret to inform you that this job opportunity has been cancelled.
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.
LOCATION:
This position is located in Ottawa; however, the successful candidate may work from one of the OSFI offices across Canada – Ottawa, Toronto, Montreal, or Vancouver - as agreed with their manager.
OSFI’s hybrid model promotes a workplace in which, on any given day, there is a mixture of employees teleworking from alternative places within Canada, working onsite at their designated position location or from another OSFI office. We encourage candidates who want to work in one of OSFI’s offices to apply.
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
Who You Are:
- You are an individual with a broad financial industry and risk management perspective.
- You are keenly interested in contributing your expertise to the development of climate risk solutions and the promotion of a safer financial system.
- You have sound knowledge of the current and emerging climate-related risks in the financial services industry.
- You understand the techniques used in the measurement and management of climate and emerging risks.
- Your critical thinking skills contribute to the development of innovative solutions to address climate-related risks.
- You are purpose-driven and value collaboration and working with team members towards a common goal.
What You Will Be Doing:
- Support OSFI’s Senior Executives in domestic and international fora by providing advice on the development and integration of innovative prudential climate risk policy into regulatory and supervisory frameworks. Develop and implement climate risk engagement strategies that promote early and ongoing consultation with a wide variety of stakeholders.
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 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.
This selection process will be used to staff a position within the Stakeholder Engagement function of OSFI’s Climate Risk Hub.
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 OSFI, which may vary according to the position being staffed.
Positions to be filled: 1
Your résumé.
ESSENTIAL EDUCATION
- A degree from a post-secondary institution with specialization in policy, business, commerce, economics, finance, mathematics, actuarial science, environmental science, engineering, accounting or other relevant field.
ESSENTIAL EXPERIENCE
Recent* and considerable** experience in one, or a combination, of the following areas:
- Providing written and oral advice, which includes policy positions and recommendations, to senior management.
- Planning and conducting research or analysis of domestic or international prudential policy and regulatory and supervisory frameworks in relation to financial institutions or pension plans.
- Collaborating with internal and external stakeholders to implement engagement initiatives, projects, or strategies.
- Working on key and impactful projects and initiatives with tight timelines and deliverables.
- Supporting a large multi-disciplinary or working group or secretariat.
*Recent: Experience acquired within the last 5 years.
**Considerable: A depth of experience accumulated over a period of at least 2 years.
ASSET EDUCATION
- A graduate degree (i.e., Masters or Doctorate) from a post-secondary institution in communications, policy, finance, business, mathematics, accounting, computer science, science, engineering or economics with specializations in climate and environmental change, earth and environmental sciences, environment and sustainability, data science, financial mathematics, modelling or econometrics.
ASSET EXPERIENCE
- Significant*** experience in initiating and maintaining collaborative relationships, networks or agreements with internal or external partners in either government, industry, academia, or organizations to enhance policy and program outcomes through effective partnership.
- Significant*** experience delivering complex projects or programs with partners both within and outside of government.
- Experience collaborating with Communications and Stakeholder Affaris functions to implement strategic program engagement strategies.
- Significant*** experience in the fields of climate change, ESG, or sustainability.
- Experience with a regulatory authority or standard-setting body.
- Experience conducting research and analysis on current and emerging climate related trends and issues.
***Significant: A depth and breadth of experience that is normally acquired by performing the tasks over a period of approximately three (3) years.
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 the fundamental principles that underpin the regulatory framework and an understanding of the key regulatory and supervisory issues affecting the safety and soundness of the federally regulated financial institutions and the broader financial services sector.
- Knowledge of the causes and drivers of climate change, Canada’s commitments to address climate change, and the associated impacts and risks of climate change to the financial services sector.
- Knowledge of domestic and international climate risk management guidance, industry best practices, and stakeholders.
ESSENTIAL COMPETENCIES
- Collaboration
- Interpersonal Communication
- Results Orientation
- Critical Thinking
ESSENTIAL ABILITIES:
- Ability to communicate effectively in writing.
- Ability to communicate effectively verbally.
ASSET KNOWLEDGE
- Knowledge of the domestic and international financial services industry, including trends and issues, markets and regulatory agencies, and standards setters.
- Knowledge of federal legislation and regulations governing financial institutions (e.g. the Bank Act, Insurance Companies Act, Trust and Loan Companies Act, Cooperative Credit Associations Act, Pension Benefits Standards Act, and related guidelines).
- Knowledge of work of different international networks and standard-setting bodies to address climate-related risks in the financial sector.
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 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
- Willingness and ability to travel within Canada
Reliability Status security clearance
- In our hybrid workplace environment, the ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
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 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.