Director, Regulatory Affairs 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

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:

The Regulatory Affairs Division (RAD) is a team of professionals primarily responsible for:
• Developing and implementing prudential and legislative guidance for federally regulated financial institutions and private pension plans;
• Interpreting and applying the statutes that OSFI administers primarily in relation to approvals, compliance and OSFI’s formal intervention tools; and
• Managing OSFI’s strategic policy relations with key domestic and international agencies.

Under the direction of their respective Managing Director, the Director roles are responsible for:
• leading teams of professionals advising on policy responses, emerging issues and legislative matters;
• developing, coaching and managing staff, including people leaders;
• providing guidance, management direction and operational oversight on a portfolio of projects and initiatives related to the mandate of the Regulatory Affairs Division;
• providing advice to the Senior Management of the Policy Innovation and Stakeholder Affairs Sector and other sectors, as well as OSFI Executives; and
• ensuring their teams work collaboratively with colleagues across OSFI and with key external stakeholders.

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
• 2SLGBTQIA+
• 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.

Due to the nature of the work and operational requirements, this position requires physical presence (in-office work) from one of the following OSFI offices across Canada: Ottawa, Toronto, Vancouver or Montreal.

The option of teleworking is available on a part-time basis in accordance with OSFI’s Guidelines on Telework. Teleworking arrangements are determined on a case-by-case basis depending on the nature of the work required by the position, the operational and business needs, as well as the candidate’s work preferences.

📖 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 intent of this process is to fill approximately up to 8 positions on an indeterminate basis on a bilingual imperative (CBC/CBC) basis. If no bilingual imperative (CBC/CBC) appointment can be made, a bilingual non-imperative (CBC/CBC) appointment may be considered within this advertised appointment process.

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 (bilingual imperative, bilingual non-imperative, or English essential), security requirements and/or various tenures within various locations in the Office of the Superintendent of Financial Institutions (OSFI), which may vary according to the position being staffed.

Positions to be filled: 8

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
- Graduation with a degree* from a recognized post-secondary institution with an acceptable specialization in economics, commerce, business, finance, accounting, law, public administration, mathematics, actuarial science, management science or any related degree.

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

Degree equivalency

ESSENTIAL EXPERIENCE
- A minimum of five (5) years of experience in leading analysis and developing responses to complex** policy or risk issues related to a regulated sector.
- A minimum of three (3) years of experience in making recommendations to senior management on a broad range of issues.
- Experience leading, developing or coaching staff.
- Experience managing complex** projects.
- Experience in fostering constructive engagement with diverse internal and external stakeholders.

** Complex issues or projects involve at least three (3) of the following characteristics: multidimensional, sensitive, confidential, affecting many partners or stakeholders, precedent setting, having a major impact on the regulated financial institution, service or program delivery.

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

ASSET EXPERIENCE
- Experience in leading analysis on complex issues related to the financial sector.

- Significant*** experience in one of the following:
• Interpreting statutes;
• Developing legislation, regulations or policy;
• Dealing with regulatory approvals

** Complex issues or projects involve at least three (3) of the following characteristics: multidimensional, sensitive, confidential, affecting many partners or stakeholders, precedent setting, having a major impact on the regulated financial institution, service or program delivery.

***Significant is defined as experience associated with having performed a broad range of related activities which could normally be acquired over a period of approximately five (5) or more years.

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

Various language requirements
English Essential
Bilingual - Imperative (CBC/CBC)
Bilingual - Non-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 trends and risks as they relate to the financial services industry, both domestic and global.
- Knowledge of policy and supervisory tools for managing risks associated with the financial services industry.

ESSENTIAL COMPETENCIES
- Collaboration
- Leading People
- Inclusion

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 EDUCATION
- An LL.B, L.L.M. or J.D degree from a recognized post-secondary law faculty
- A graduate degree (master’s or doctorate) with an acceptable specialization in economics, commerce, business, finance, accounting, public administration, mathematics, actuarial science, project management or any related field

Degree equivalency

ASSET KNOWLEDGE
- Knowledge of regulatory requirements for federally regulated financial institutions or pension plans.

ASSET COMPETENCIES
- Growth and Development
- Results Orientation
- Interpersonal Communication
- Critical Thinking
- 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
- Ability and willingness to travel domestically and internationally
- Ability and willingness to work overtime occasionally

Conditions of employment

Reliability Status security clearance

Secret security clearance

- 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.
- 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

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.