Selection Process Number:

26-27-SIF-EA-JR100698

Group and Level:

REX 08

Salary Range:

$202,700.00 - $253,300.00

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.

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.

In accordance with the new Directive on Security Screening, Top Secret security clearances are granted to Canadian citizens only. This position requires you to obtain and maintain a Top Secret security clearance to be appointed to the position.

RESUME

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

POSITION DETAILS

CLASSIFICATION This position is classified at the REX-08 group and level which is roughly equivalent to the EX-05 group and level.

LOCATION

These positions are located in Ottawa or Toronto, Ontario. Working from the Toronto, Ottawa or Montreal office may be approved, depending on worksite availability. Due to the nature of the work and operational requirements, this position requires full time physical presence in the office. As such, this position is not suitable for telework.

PROCESS INTENT

The intent of this process is to fill current and anticipated indeterminate positions as they become available in the Policy and Risk Response (PRR) group. Positions may have a language requirement of (bilingual imperative CBC/CBC / English essential / Bilingual non-imperative CBC/CBC). 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

The PRR group is a team of professionals advising on policy, non-financial risks, accounting, and legislative matters. PRR is responsible for developing and implementing regulatory guidance for federally regulated financial institutions and private pension plans, supervising non-financial risks, and interpreting and applying the relevant statutes primarily in relation to approvals, and OSFI’s formal intervention tools. The Managing Director roles are responsible for:

- leading teams of professionals and developing, coaching and managing Director level staff;
- providing guidance, management direction, and operational oversight on a portfolio of projects and initiatives related to the mandate of PRR;
- providing advice to the Executive Director PRR, Senior Director Non-Financial Risk and Accounting Policy, Senior Management of the Risk, Strategy and Policy (RSP) Sector and OSFI Executives;
- ensuring their teams work collaboratively with colleagues across OSFI and with key external stakeholders.

ESSENTIAL QUALIFICATIONS

Official Language Proficiency

Various Language Requirements

- English Essential
- Bilingual - Imperative (CBC/CBC)
- Bilingual - Non-Imperative (CBC/CBC)

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 (1*) OR diploma from a recognized post-secondary institution with specialization in economics, commerce, business, finance, accounting, law, public administration, mathematics, or other relevant field.

OR An acceptable combination (2*) of relevant experience AND education or training.

NOTE

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

(2*) 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.

IMPORTANT NOTE: Foreign education and Canadian equivalency

All candidates with foreign education credentials (i.e., any education obtained outside of Canada) must obtain the Canadian equivalency. If you currently have foreign education credentials, please initiate the process of obtaining this equivalency as soon as possible to avoid unnecessary delays, as this process can take up to several months. The following link contains information on the institutions that provide this service: Foreign Credential Validation against Canadian Standards.





Only equivalencies provided by the listed institutions will be considered valid and acceptable.

ESSENTIAL EXPERIENCE

ALL STREAMS

- Leadership experience at the senior management level, in leading a team of diversified professional and technical specialists.
- Significant (3*) experience leading, planning, and carrying forward multi-step or multi-disciplinary projects
- Significant (3*) experience developing and delivering presentations to senior management (4*) or boards of directors at financial institutions
- Significant (3*) experience fostering constructive engagement with diverse internal and external stakeholders.
- Significant (3*) experience leading analysis and developing responses to complex (5*) policy issues (i.e. sound business and financial practices, accounting, governance, and crisis preparedness) or risk management related to the financial sector.

NOTE: (3*) Significant is defined as having the depth and breadth of experience that is normally acquired through the direct responsibility for a wide variety of complex files or projects by performing the tasks over a period of approximately five years. Candidates must clearly demonstrate their roles and responsibilities pertaining to this experience.

(4*) Senior management refers to C-suite executives such as chief executive officer, chief financial officer, and chief risk officer.

(5*) Complex issues are issues with at least three (3) of the following characteristics: multidimensional, sensitive, confidential, 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

ALL STREAMS

- Knowledge of current and emerging trends and risks as they relate to the financial services industry, both domestic and global.
- Knowledge of major domestic regulatory and legislative requirements affecting financial institutions.

REGULATORY AFFAIRS STREAM

- Knowledge of policy tools for managing risks associated with the financial services industry.
- Knowledge of the government framework for Canadian federally regulated financial institutions
- Knowledge of regulatory reporting or prudential standard setting developments

NON-FINANCIAL RISK STREAM

- Knowledge of risk management practices employed by financial institutions to monitor and control their key risks.
- OSFI’s Supervisory Framework

ESSENTIAL COMPETENCIES

- Leading People
- Inclusion
- Critical Thinking

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 relevant graduate degree or diploma from a recognized post-secondary institution for example MBA, LLB or JD, BCL, MAcc., MFin., or other relevant degree.
- A relevant recognized professional designation (for example, CPA, CA, CMA, CFA, FRM, FCIA or other relevant designation)

ASSET EXPERIENCE

REGULATORY AFFAIRS STREAM

- Significant (3*) experience in developing regulatory guidance, interpreting statues, or developing legislation or regulations
- Significant (3*) experience dealing with regulatory approvals
- Recent (6*) experience in auditing or supervising banks or insurers.

NON-FINANCIAL RISK STREAM

- Significant (3*) experience in one or more non-financial risk areas such as (but not limited to):
- operational risk
- technology and cyber risk
- compliance risk
- culture and behaviour risk

(3*) Significant is defined as having the depth and breadth of experience that is normally acquired through the direct responsibility for a wide variety of complex files or projects by performing the tasks over a period of approximately five years. Candidates must clearly demonstrate their roles and responsibilities pertaining to this experience. (6*) Recent is defined as ANY relevant experience gained within approximately the last 5 years.

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

ASSET KNOWLEDGE

- Knowledge of accounting standards, practices, and relevant legislation

ASSET COMPETENCIES

- Results orientation
- Innovation

CONDITIONS OF EMPLOYMENT

- Security – Reliability Status, Secret, Top Secret*

*In accordance with the new Directive on Security Screenings, Top Secret security clearances are granted to Canadian citizens only.
- The ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
- Working on-site on a full-time basis from the OSFI office.
- Agreement to be deployed into another REX position within OSFI at the same level.
- Ability and willingness to work overtime.
- Ability and willingness to travel within Canada when required.




- Ability and willingness to travel internationally 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, Dall-E, Microsoft Copilot), is forbidden for this application. Plagiarism from any source, or the use of generative AI from any source, may be investigated and result in serious consequences, including the invalidation of your application and consequently, elimination from this selection process.
- 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.

📌 Managing Director - Policy and Risk Response (Ottawa)
🏢 Osfi Bsif
📍 Ottawa