Various Positions

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

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.

POSITION LOCATION / WORK ARRANGEMENT:
These positions are located in Toronto, Ottawa, Montreal and Vancouver. Successful candidates may report to any of these offices for in-office work.

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: Toronto, Ottawa, Montreal and Vancouver. 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.

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

Supervision Central Office (SCO)
SCO provides operational and administrative support to all teams across the supervision sector. This includes providing human resource, planning, budgetary oversight and support, as well as providing regular reporting to management on these items.

Domestic Banking Group (DBG)
DBG is responsible for supervising a large portfolio of small and medium sized deposit taking institutions. DBG members are the primary interface between OSFI and these institutions and are responsible for monitoring their financial and operational strength.

Model Risk Team
This team is responsible for assessing the governance and oversight of models used by Federally Regulated Financial Institutions. This could include both regulatory capital models and those used for other risk management, enterprise functions and activities. Responsibilities include liaising with Supervision teams as well as providing advice on model risk governance to internal and external stakeholders.

Supervision Institute (SI)
SI provides supervisors and supporting experts with the supervision-specific knowledge, competencies, and tools they need to assess risk and intervene effectively and efficiently. The SI works with internal and external partners to establish learning and development opportunities and test innovative technological solutions to support supervision activities.

Reactive Monitoring & Onsite Group (RMOG)
RMOG is responsible for supervising federally regulated financial institutions (FRFIs) that are relatively small and not complex, primarily using data analytics tools and monitoring. Primary responsibilities include conducting financial monitoring, determining financial resilience ratings, conducting thematic reviews, and addressing elevated risk issues that may require deeper supervisory engagement.

Supervision Data and Analytical Insights (SD&AI)
SD&AI elevates analytics tools to enable insightful data-driven supervisory decision-making & assessments; develops and maintain tools to support risk assessments including capital and liquidity adequacy; and promotes data literacy and the effective use of supervisory information through analytic tools and training.

Horizontal Onsite Review Team (HORT)
HORT is responsible for conducting cross-sector thematic reviews for systemically important banks and the largest medium-size banks.

Crisis Readiness Unit (CRU)
CRU leads the development of prudential recovery and resolution expectations for federally regulated financial institutions, developing and maintaining internal crisis playbooks, assisting in crisis management, and advancing OSFI’s and Financial Institution Supervisory Committee (FISC) partners’ work on recovery and resolution planning.

Private Pension Plan Division (PPPD)
PPPD is responsible for supervising about 1,200 federally regulated private pension plans (FRPPP). They are the primary point of contact between OSFI and the pension plans and monitor and review plans so that they are funded and administered in compliance with pension laws and regulations so to protect members’ rights and benefits.

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.

📖 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

A pool of qualified or partially qualified candidates may be created to staff similar or identical positions with various linguistic profiles, security requirements, tenures, and/or locations within the Office of the Superintendent of Financial Institutions (OSFI), 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 industry* in one or more of the following 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 financial institutions.

* Financial services industry experience is defined as experience working in one or more of the following areas: (a) financial institutions including banks, trust and loan companies, insurance companies and pension plans (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 the supervision and regulation of these institutions (e) Indigenous Institutions including: Band operations, trustees or administrators of pension plans, insurance institutions, lending institutions or other related areas providing financial services (f) other relevant areas, such as but not limited to, financial risk management, investment management, corporate treasury functions or commercial lending.

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

ASSET EDUCATION
• 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.
• Relevant professional designation or credential (e.g., CPA, CFA, FRM, CMA, CERA, FCIA, FCIP, CIP, CRM).
• Recognized advanced training relevant to the business and/or risk management activities of the financial services sector.

Degree equivalency

ASSET EXPERIENCE
The following qualifications are not required for all positions but will help us select candidates for specific needs. Therefore, you must ensure that you provide details on each area that you have experience in.

• Experience in the financial services industry* working in a central support function.
• Experience in artificial intelligence including natural language processing/generation.
• Experience in the financial services industry* interacting and making presentations to senior management, boards of directors, pension plan administrators and/or their consultants, or other senior stakeholders.
• Experience in the financial services industry* identifying factors that drive risk, assessing risk, and recommending and implementing appropriate and timely intervention measures to address risk in a fast-paced environment.
• Experience in the financial services industry* preparing or analyzing regulatory returns and other related financial information.
• Experience in data and analytics including modern business information tools (such R, Python, Power BI, or Tableau) for the analysis and assessment of one or more of the following: capital, credit, liquidity, market, insurance, or operational risk.
• Experience in the financial services industry in operational resilience, business continuity planning, or crisis management and/or readiness.

* Financial services industry experience is defined as experience working in one or more of the following areas: (a) financial institutions including banks, trust and loan companies, insurance companies and pension plans (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 the supervision and regulation of these institutions (e) Indigenous Institutions including: Band operations, trustees or administrators of pension plans, insurance institutions, lending institutions or other related areas providing financial services (f) other relevant areas, such as but not limited to, financial risk management, investment management, corporate treasury functions or commercial lending.

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

Various language requirements
Various Language Requirements
English Essential
Bilingual – Imperative (BBB/BBB)*
Bilingual – Imperative (CBC/CBC)*
Bilingual – Imperative (CCC/CCC)*

*If no bilingual imperative appointment can be made, a bilingual non-imperative appointment MAY be considered within this advertised appointment process.

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 business and regulatory requirements in which financial institutions or pension plans operate.
• Knowledge of current and emerging risks, issues, or trends facing financial institutions or pension plans and the information and techniques used in the measurement and management of associated risks.

ESSENTIAL COMPETENCIES:
• Collaboration
• Critical Thinking
• Innovation
• Results Orientation

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 KNOWLEDGE:
The following qualifications are not required for all positions but may help us select candidates for specific needs.

• Knowledge of key products and functions and the performance indicators of financial institutions or pension plans.
• Knowledge of OSFI’s role in the supervision of the Canadian financial system and OSFI’s Supervisory Framework including guidelines.
• Knowledge of relevant global risk management and accounting principles and standards (e.g., Basel Committee on Banking Supervision, International Association of Insurance Supervisors, and International Accounting Standards Board) and their application to large and small financial institutions and/or pension plans.
• Knowledge of governance and risk management practices currently employed in FRFIs and by pension plans to measure and manage current and emerging risks.
• Knowledge of FRFI and FRPPP regulatory returns.
• Knowledge of technology risk, innovative FinTech and InsurTech products, and/or cyber risk as they relate to the financial services sector.
• Knowledge of mathematical concepts and analytics used to measure risk in credit or market risk models.
• Knowledge of actuarial and finance models used by the insurance industry and applicable regulatory requirements.

ASSET COMPETENCIES
• Interpersonal communication
• Inclusion

Conditions of employment

CONDITIONS OF EMPLOYMENT
• Security – Reliability Status
• 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.
• Ability and willingness to work overtime.
• Ability and willingness to travel internationally and/or domestically when required.

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.

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 the only 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.