Selection Process Number:

26-27-SIF-EA-JR100586

Division:

Legislative Approvals and New Entry Division

Group and Level:

RE 05

Salary Range:

$105,200.00 - $135,300.00

Employment Tenure:

Indeterminate

Positions Available:

1

WHO CAN APPLY

Persons residing in Canada, and Canadian citizens and Permanent residents abroad.

IMPORTANT INFORMATION

This poster will close at 12:00 AM EST on the posting’s indicated closing date (note that for those in the Pacific Time Zone, this corresponds to 9:00PM PST on the previous day). To be considered, your application must be submitted before the specified deadline. If you experience any technical issues submitting your application, please email a screenshot of the issue to [email protected].

Due to weekly system maintenance, Workday will be unavailable for 3 hours every Friday from 11pm to Saturday 2am EST.

Applicants must submit a resume as part of this job application. Do not include a cover letter as part of your submission.

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.

- Information on assessment accommodation.

POSITION DETAILS

CLASSIFICATION This position is classified at the RE-05 group and level which is roughly equivalent to the CT-FIN-03 group and level.

LOCATION

This position is located in Ottawa*.* Working from the Toronto, Montreal, or Vancouver office may be approved, depending on worksite availability.

OSFI’s work model includes telework and mandatory onsite presence. The terms of the employee’s telework arrangement will be established in accordance with the Directive on Telework and related organizational directions. These arrangements must be reviewed annually, at a minimum, and can be subject to change. OSFI employees are currently required to work in the office 4 days per week; however, this may be subject to change depending on new direction.

PROCESS INTENT

The immediate need is to staff one (1) Senior Officer position with a language requirement of bilingual imperative BBB/BBB on an indeterminate (permanent) basis. A pool of qualified or partially qualified candidates may be created to staff similar or identical positions with various linguistic requirements and/or 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.

KEY RESPONSIBILITIES

The Senior Officer, Legislative Affairs and New Entry (LANE) Division reviews and assesses applications from Federally Regulated Financial Institutions (FRFIs) as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Senior Officer is expected to conduct research, analysis and consultation to identify any prudential, legislative, precedential, compliance and public policy issues that may pertain to the application. The position also supports a consistent, transparent and responsive approvals framework; contributes to legislative and policy analysis affecting federally regulated financial institutions; builds effective working relationships with a wide range of internal stakeholders, other federal departments and agencies, provincial regulators, applicants and their representatives; and coordinates or contributes to the development, application and maintenance of procedures, reports, policy instruments and, papers and, including guidance or any other formal OSFI regulatory and supervisory documents.

ESSENTIAL QUALIFICATIONS

Official Language Proficiency

- Bilingual - Imperative (BBB/BBB)
- Information on language requirements

In order to be considered, your application must clearly explain how you meet each of the following education and experience criteria. ESSENTIAL EDUCATION

- A degree or diploma from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, public administration, actuarial science, law or any other related field.
- undefined
- An acceptable combination (1*) of relevant experience (as listed in the essential experience criteria) AND education or training.

Information on degree equivalency *NOTE:

(1*) At the manager’s discretion, OSFI may consider candidates who do not possess the stated education but meet the combination of experience and education or training if concrete examples are provided.

ESSENTIAL EXPERIENCE

- Significant (2*) experience preparing written and oral advice, such as briefings, recommendations or decision documents for senior management on complex issues.
- Significant (2*) experience consulting,



collaborating or negotiating with internal and/or external stakeholders to resolve issues, obtain information, or support recommendations.
- Experience in at least one of the following:
- Conducting financial analysis within the financial services sector.
- Researching and analyzing financial information, business plans or legal agreements related to the financial services sector or pension plans.
- Developing risk management policies, procedures or guidelines related to the financial services sector or pension plans.
- Identifying key risks of a financial institution or pension plan and making recommendations for the mitigation of those risks.
- Assessing compliance to financial sector or pension legislation.
- Providing legal advice or opinions with regards to commercial or financial transactions.
- Planning and conducting research or analysis of public policy in relation to financial institutions or pension plans (e.g., guidelines, laws, regulations)

*NOTE: (2*) Significant is defined as a depth of experience accumulated over a period of at least three (3) years. Candidates must clearly demonstrate their roles and responsibilities pertaining to this experience.

The following competencies and abilities will be assessed at a later date.

ESSENTIAL COMPETENCIES

- Critical Thinking
- Results Orientation
- Interpersonal Communication
- Collaboration

ESSENTIAL ABILITIES

- Ability to communicate effectively in writing.
- Ability to communicate effectively verbally.

ASSET QUALIFICATIONS

If you possess any of the following education or experience criteria, your application must clearly explain how you meet them (may be needed for the job). ASSET EDUCATION

- A graduate (Master’s or Doctorate) degree (3*) from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, actuarial science, mathematics, public administration, or another specialty relevant to the position.
- undefined
- A law degree (B.C.L, LL.L., LL.B. of J.D.) from a recognized Canadian university
- undefined
- Membership in a Canadian skilled association of actuaries (e.g., CIA, FCIA), lawyers, accountants (e.g., CPA, CA, CGA, CMA) or CFA charterholders.

*NOTE: (3*) The term "degree" refers to a baccalaureate or a higher-level degree, as established by educational authorities.

ASSET EXPERIENCE

- Experience interpreting legislation or regulations related to the Canadian financial sector or registered pension plans (4*).
- Experience in public policy development or regulatory initiatives related to the financial sector or registered pension plans within a Canadian federal or provincial government department or agency.
- Experience carrying out the prudential regulation or supervision of financial institutions.
- Experience working at a financial institution (e.g. bank, insurance company, mortgage insurance company, etc.).
- Experience supervising or administering registered pension plans (4*).

*NOTE: (4*) A registered pension plan is a plan that is registered under the Pension Benefits Standards Act, 1985 or a similar law of a province or a plan subject to the Public Pensions Reporting Act, and does not include registered retirement savings plans.

The following asset knowledge and competencies may be assessed at a later date.

ASSET KNOWLEDGE

- Knowledge of concepts used in the prudential analysis of financial institutions or the supervision of pension plans.
- Knowledge of current and emerging risks and policy issues affecting financial institutions or pension plans.
- Knowledge of the legislation or regulations that apply to FRFIs or federally regulated private pension plans.
- Knowledge of OSFI’s regulatory and supervisory framework applicable to FRFIs.
- Knowledge of OSFI’s Risk Assessment Framework for federally regulated private pension plans.

ASSET COMPETENCIES

- Innovation

OPERATIONAL REQUIREMENTS

- Ability and willingness to work overtime occasionally.
- Ability and willingness to travel within Canada when required.
- Ability to work with sensitive, confidential and time-sensitive information.

CONDITIONS OF EMPLOYMENT

- Security – Reliability Status
- The ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.

ORGANIZATIONAL NEEDS

- Retaining OSFI affected/opting employees
- 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, Indigenous Peoples, 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

- Organizational needs may be applied first, therefore, OSFI affected/opting employees may be given first consideration over other applicants. Please note that in some cases deployments may also be considered for the retention of employees.
- 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.
- Employment equity - Canada.ca

- 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 those who applied; however, only candidates selected for further consideration will be contacted.
- Eligible candidates may be considered and offered a deployment before considering other applicants.

- A DEPLOYMENT is a permanent movement of an employee at level or equivalent level within an organization to another organization in the core public administration, the OAG, or to the five separate agencies named in Schedule V to the FAA whose appointments are made in accordance with the Public Service Employment Act (PSEA). A deployment does not constitute a promotion or change a person's period of employment from a specified term to indeterminate.

- The use of generative artificial intelligence (AI) tools, sites, and applications based on large language models (e.g. ChatGPT, Dall-E, Microsoft Copilot), is permitted for this application only (i.e., screening questions and resume). You must cite any AI tool used by identifying the AI-generated content and its source.
- OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).
- All written and verbal communication obtained throughout the staffing process, from the time of application to close of process, may be used to evaluate the candidate.
- Candidates must meet all of the essential qualifications to be appointed; however, depending on the requirements of the specific position(s) being staffed, one or more asset criteria or organizational need may be invoked at any stage of the process.
- Staffing 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.
- During the staffing process, various assessment methods can be utilized, including but not limited to written exams and interviews. These assessments may be conducted either remotely or in-person at one of our OSFI offices (Toronto, Ottawa, Montreal or Vancouver).
- Candidates are entitled to participate in the appointment process in the official language of their choice.
- Email correspondence will be the primary method of communication with candidates for this selection process. Ensure you check your spam folder for any communications from OSFI ([email protected]). You must provide valid and updated contact information.
- All job applications must be submitted through Workday: OSFI’s recruiting platform. Do not email your application as it will not be accepted. To submit an application online, please click on the "Submit" button.
- 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: [email protected]. All information received in relation to accommodation will be kept confidential.
- You are responsible for ensuring that the personal information provided in your candidate profile in Workday is accurate and up to date (e.g., contact information, status of any priority entitlements, veteran/mobility status, citizenship, etc.). If your personal information needs to be updated after you have submitted your application, you must contact us at [email protected]. Failure to do so may mean that you are either not considered or eliminated from the process.

CONTACT INFORMATION

- OSFI Staffing Team
- EMAIL: [email protected]

PLEASE DO NOT APPLY TO THIS EMAIL ADDRESS, USE THE APPLY BUTTON.

📌 Senior Officer (Ottawa)
🏢 Bureau du surintendant des institutions financières Canada
📍 Ottawa