Selection Process Number

26-27-SIF-EA-JR100618

Employment Tenure

Indeterminate, Term 12+ months

Positions Available

TBD

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 setting, starting with the hiring process. If you need to be accommodated during any phase of the evaluation process, please refer to the link below. All information received in relation to accommodation will be kept confidential.

Information on assessment accommodation. POSITION DETAILS

CLASSIFICATION

These positions are classified at the RE-06 group and level, which is roughly equivalent to the CT-FIN-04 group and level. LOCATION

These positions are located in Toronto. Working from the Toronto, Ottawa, 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.

SALARY The RE-06 salary is from $124,500 to $160,800. PROCESS INTENT The immediate intent of this process is to staff multiple manager and specialist positions with various language requirements including English essential and bilingual imperative on both a term (two to five years) and indeterminate basis. In the absence of any qualified candidates who meet the bilingual imperative language requirement, a bilingual non-imperative appointment MAY be considered within this advertised appointment process. A pool of qualified or partially qualified candidates may be created to staff similar or identical positions with various linguistic profiles (bilingual imperative, bilingual non-imperative, English essential, or French Essential), 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 Insurance The Insurance supervision team is responsible for supervising a large portfolio of large and medium-sized life and property and casualty (P&C;) insurers and reinsurers. Insurance managers provide day-to-day supervision, direction, and guidance to a small team of professionals on matters related to the conduct of risk assessment work for assigned federally regulated insurers (insurers). Insurance specialists provide expertise to support lead supervisors in their risk assessment work for insurers.

Insurance managers and specialists contribute to ensuring effective risk management practices are in place within the assigned insurers and to maintaining the public’s confidence in Canada’s insurers.

Domestic

Banking The Domestic Banking team is responsible for supervising a large portfolio of small and medium sized deposit taking institutions (DTIs). Banking managers provide day-to-day supervision, direction, and guidance to a small team of professionals on matters related to the conduct of risk assessment work for assigned federally regulated deposit-taking institutions (DTIs). Banking specialists provide expertise to support lead supervisors in their risk assessment work for DTIs.

Banking managers and specialists contribute to ensuring effective risk management practices are in place within the assigned DTIs and to maintaining the public’s confidence in Canada’s DTIs.

DTIs include banks, trusts and loan companies, and credit unions.

Supervision

Data and Analytics Insights (SDAI)

SDAI managers provide day-to-day supervision, direction, and guidance to a small team of professionals responsible for the development and maintenance of data and analytic tools, including dashboards and models, that support supervision teams across OSFI, including lead supervisors and specialists. SDAI specialists provide expertise in data, analytics, and/or programing (including artificial intelligence) to support lead supervisors in their risk assessment work for federally regulated institutions. SDAI managers and specialists work closely with other colleagues across OSFI with responsibilities for data and the regulatory returns.

ESSENTIAL QUALIFICATIONS

Official Language Proficiency

Various language requirements

English Essential

Bilingual – Imperative (CBC/CBC)

Bilingual – Imperative (CCC/CCC) In the absence of any qualified candidates who meet the bilingual imperative language requirement, a bilingual non-imperative appointment MAY be considered within this advertised appointment process. Information on language requirements To be considered, your application must clearly explain how you meet each of the following education and experience criteria. ESSENTIAL EDUCATION To be considered for the Insurance and Domestic Banking positions, you must meet the following:

A degree OR diploma from a recognized post-secondary institution with specialization in business, commerce, actuarial, economics, finance, mathematics, accounting, or other relevant field OR an acceptable combination (1) of relevant experience AND education or training. 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. To be considered for the SDAI positions, you must meet the following:

A degree from a recognized post-secondary institution with a specialization in computer science, statistics, mathematics, actuarial, economics, business, finance, or other relevant field OR an acceptable combination (1*) of relevant experience AND education or training. 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. Information on degree equivalency ESSENTIAL EXPERIENCE To be considered for the Insurance manager and specialist positions, you must meet the following:

Significant (1*) experience in one or more of the following areas:

underwriting, claims, risk assessment, risk management, actuarial, internal audit, compliance,



or finance in a federally or provincially regulated insurer supervision of federally or provincially regulated insurers in a government body that directly deals with the supervision and regulation of insurers conducting audits or providing risk-related consulting to federally or provincially regulated insurers in an external audit or consulting firm To be considered for the Insurance manager position you must also meet the following:

Experience leading a team or complex projects (2*) for more than three years. NOTE

(1) Significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of six years.

(2*) Complex projects are projects with at least three of the following characteristics: multidimensional, sensitive, confidential, affecting many partners or stakeholders, precedent setting, having a major impact on the service or program delivery. To be considered for the Domestic Banking manager and specialist positions, you must meet the following:

Significant (1*) experience in one or more of the following areas:

risk assessment, risk management, internal audit, compliance, finance, or treasury in a federally or provincially regulated DTI supervision of federally or provincially regulated DTIs in a government body that directly deals with the supervision and regulation of DTIs conducting audits or providing risk-related consulting to federally or provincially regulated DTIs in an external audit or consulting firm To be considered for the Domestic Banking Manager position you must also meet the following merit criterion:

Experience leading a team or complex projects (2*) for more than three years. NOTE

(1) Significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of six years.

(2*) Complex projects must have at least three of the following characteristics: multidimensional, sensitive, affecting many partners or stakeholders, precedent setting, having a major impact on the service or program delivery. To be considered for the SDAI manager and specialist positions, you must meet the following:

Significant (1*) experience in each of the following:

data preparation, transformation, and building analytics tools tailored to business needs using tools such as Power BI, Power Apps, and Python interpreting analytics outputs and enabling data-driven decisions through effective visualizations and clear storytelling techniques in the context of insurers or DTIs analyzing insurance or banking financial risk data to identify, quantify, and monitor risks in one or more of the following:

a DTI or insurer a government body that directly supervises or regulates DTIs or insurers a consulting firm providing financial risk analytics services to DTIs or insurers To be considered for the SDAI specialist position you must also meet the following merit criterion:

Significant (1*) experience recommending appropriate analytical techniques, such as statistical methods, machine learning, or generative artificial intelligence (GenAI) techniques to structured or unstructured data To be considered for the SDAI manager position you must also meet the following merit criterion:

Experience leading a team or complex projects (2*) for more than three years. NOTE

(1) Significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of six years. (2*) Complex projects must have at least three of the following characteristics: multidimensional, sensitive, affecting many partners or stakeholders, precedent setting, having a major impact on the service or program delivery. The following essential knowledge, competencies and abilities will be assessed at a later date. ESSENTIAL KNOWLEDGE To be considered for the Insurance positions, you must meet the following:

Knowledge of each of the following:

business models and typical products of life or P&C; insurers business and regulatory requirements in which insurers operate current and emerging risks and trends facing insurers, including the information, techniques, and governance practices used in the measurement and management of associated risks To be considered for the Domestic Banking positions, you must meet the following:

Knowledge of each of the following:

business models and typical products of DTIs business and regulatory requirements in which DTIs operate current and emerging risks and trends facing DTIs, including the information, techniques, and governance practices used in the measurement and management of associated risks To be considered for the SDAI positions, you must meet the following:

Knowledge of each of the following:

business models and typical products of insurers or DTIs business and regulatory requirements in which insurers or DTIs operate current and emerging risks and trends facing insurers or DTIs, including the information, techniques, and governance practices used in the measurement and management of associated risks statistical and analytical techniques and tools, such as regression, data mining, and visualization, to explore data, find patterns and relationships, and generate insights that help solve moderately complex problems ESSENTIAL COMPETENCIES For RE-06 managers:

Collaboration

Leading people

Critical thinking

Results orientation For RE-06 specialists:

Collaboration

Innovation

Critical thinking

Results orientation 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

Graduate degree from a recognized post-secondary institution with relevance to the financial services sector, such as a graduate degree in finance, business, commerce, economics, mathematics, actuarial science, statistics, engineering, computer science, or data analytics A relevant recognized professional designation or credential (for example, CPA, CFA, FRM, CMA, CERA, FCIA, FCAS, FSA, FCIP, CIP, CRM) ASSET EXPERIENCE To be considered for the Insurance positions, you must meet the following:

Extensive (1*) experience in one or more of the following areas:

underwriting, claims, risk assessment, risk management, actuarial, internal audit, compliance, or finance in a federally or provincially regulated insurer supervision of federally or provincially regulated insurers in a government body that directly deals with the supervision and regulation of insurers conducting audits or providing risk-related consulting to federally or provincially regulated insurers in an external audit or consulting firm NOTE

(1) Extensive is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of eight years. To be considered for the Domestic Banking positions, you must meet the following:

Extensive (1*)



experience in one or more of the following areas:

risk assessment, risk management, internal audit, compliance, finance, or treasury in a federally or provincially regulated DTI supervision of federally or provincially regulated DTIs in a government body that directly deals with the supervision and regulation of DTIs conducting audits or providing risk-related consulting to federally or provincially regulated DTIs in an external audit or consulting firm. NOTE

(1) Extensive is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of eight years. To be considered for the SDAI positions, you must meet the following:

Extensive (1*) experience in each of the following:

data preparation, transformation, and building analytics tools tailored to business needs, using tools such as Power BI, Power Apps, and Python interpreting analytics outputs and enabling data-driven decisions through effective visualizations and clear storytelling techniques in the context of insurers or DTIs analyzing insurance or banking financial risk data to identify, quantify, and monitor risks in one or more of the following:

a DTI or insurer a government body that directly supervises or regulates DTIs or insurers a consulting firm providing financial risk analytics services to DTIs or insurers applying a variety of statistical methods, advanced modeling and machine learning and GenAI techniques to structured and unstructured data NOTE

(1) Extensive is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of eight years. 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.

Ability and willingness to work overtime.

Ability and willingness to travel internationally and/or domestically when required.

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, Claude, Microsoft Copilot), is permitted for this application. 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.

📌 Supervision Collective Job Opportunity: Specialist and Manager (Toronto)
🏢 Office of the Superintendent of Financial Institutions Canada
📍 Toronto