Manager

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

What You Will Be Doing:
The individual will be part of OSFI’s Private Pension Plans Division (PPPD) whose mandate is to protect pension plan members and other beneficiaries by developing guidance on risk management and mitigation, assessing whether private pension plans are meeting their funding requirements and managing risks effectively, and intervening promptly when corrective actions need to be taken.

The candidates’ accountabilities will include:
• Leading a team that is responsible for contributing to the safeguarding of pension benefits of federally regulated private pension plans;
• Providing a stimulating, challenging and motivating work environment by delegating work and assignments and providing expert guidance, appropriate oversight and support;
• Overseeing the quality, appropriateness, and timeliness of the supervisory work of a team of (Senior) Supervisors to ensure their roles and responsibilities are carried out in an effective and efficient manner and to maintain high professional standards;
• Providing input as required in developing appropriate strategies for high-risk plans, ensuring recommendations/interventions are appropriate, well communicated and timely;
• Evaluating problems, establishing new approaches/procedures, and guiding team members in addressing complex issues;
• Communicating/Coordinating with, and providing information to, senior management, OSFI executives, other federal departments, senior industry officials and other stakeholders;
• Providing subject matter expertise on pension plans, pension legislation, special assignments or projects; and
• Making decisions and recommendations that have an effect on plan members and other beneficiaries, employers, and plan administrators.

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

The immediate need is to staff one English Essential position on an indeterminate basis in the Private Pension Plans Division.

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, which may vary according to the position being staffed.

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:
• A degree* from a recognized post-secondary institution in business, commerce, economics, finance, accounting, law, actuarial science, mathematics, OR another speciality relevant to the duties the position.

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

Degree equivalency

ESSENTIAL EXPERIENCE:
• Extensive* experience in one, or a combination, of the following areas:
o supervising, regulating or administering registered pension plans**, AND/OR
o identifying key risks of a pension plan and making recommendations for the mitigation of those risks, AND/OR
o conducting research and analysis to provide actuarial advice in either the pension or insurance industry, AND/OR
o examining, reviewing or auditing the processes, documentation or governance structures of enterprises sponsoring pension or insurance programs, AND/OR
o developing or interpreting risk management policies/procedures, prudential guidance or regulatory expectations related to registered pension plans**
• Experience in developing options, providing advice and making recommendations to senior management

* Extensive means the depth and breadth of experience that is normally acquired by performing the tasks continuously over a 3-year period.
** A registered pension plan is a plan that is registered under the Pension Benefits Standards Act, 1985, a similar law of a province, or a plan subject to the Public Pensions Reporting Act; it does not include a registered retirement savings plan (RRSP).

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE:
• Knowledge of current or emerging risks and significant issues affecting Canadian pension plans

ESSENTIAL COMPETENCIES:
• Leading People
• Inclusion
• Critical Thinking
• 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 EDUCATION:
• A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in business, commerce, economics, finance, accounting, actuarial science, mathematics, or another speciality relevant to the duties of the position
• Professional designation in a field relevant to the duties of the position (such as Accounting (CPA, CA, CMA, CGA), Law (BCL, LL.L, LL.B.), Employee Benefits (CEBS), Finance (CFA) or Actuarial (Associate or Fellow of the CIA)

Degree equivalency

ASSET EXPERIENCE:
• Experience in developing, coaching people and/or leading teams
• Experience developing or managing the investment strategies and/or developing, reviewing, and applying risk oversight strategies to registered pension plans*

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

ASSET KNOWLEDGE:
• Knowledge of the regulatory framework* applicable to pension plans

* Regulatory framework is the laws, regulatory guidelines, and supervisory approach.

ASSET COMPETENCIES:
• Growth and Development
• Interpersonal Communication

OPERATIONAL REQUIREMENTS:
• Ability and willingness to work overtime

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

Conditions of employment

Reliability Status 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
• Ability and willingness to travel within Canada when required

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 ensure you check your spam folder for any communications from OSFI. You must 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.