Selection Process Number:
26-27-SIF-IA-JR100713
Division:
Social Insurance Programs
Group and Level:
RE 07
Salary Range:
$141,800.00 - $181,300.00
Employment Tenure:
Indeterminate
Positions Available:
2WHO CAN APPLY

Employees of the Office of the Superintendent of Financial Institutions (OSFI). Eligible veterans and CAF members may apply - Information on mobility for veterans and CAF members.

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 9:00 PM PST on the previous day). To be considered, your application must be submitted before the specified deadline.

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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 RE-07 group and level which is roughly equivalent to the AC-02 group and level.

LOCATION

The designated worksite for this position is the OSFI office in Ottawa, Ontario. However, the successful candidate may continue to work from their current office, where applicable.

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 two (2) positions with a language requirement of bilingual imperative CBC/CBC on an indeterminate basis.

Positions staffed through this process may be assigned to various areas of responsibility within the Office of the Chief Actuary (OCA), including social security programs, public sector pension and benefit plans, federally regulated private pension plans, and, depending on operational requirements, leadership of the OCA's investment function.

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 OSFI, which may vary according to the position being staffed.

KEY RESPONSIBILITIES

The OCA is an independent unit within the OSFI. The OCA has an important mandate in providing a range of actuarial valuation and advisory services to the Government of Canada in relation to a number of social security programs as well as federal public sector pension and benefits plans. The OCA also has an important role to play in ensuring that federally regulated private pension plans are funded in compliance with the federal pension plan legislation, professional standards and accepted actuarial practice.

The Senior Actuary leads the development of sound and professional actuarial advice on plans and programs under the responsibility of the OCA, and acts as a representative of the OCA with stakeholders and relevant organizations. The Senior Actuary plans and oversees the preparation of actuarial reports and studies and/or the review of actuarial reports for federally-regulated private pension plans, and leads the planning and delivery of projects in this regard. In addition, the Senior Actuary provides oversight and leadership to a team, including establishing priorities, managing resources and performance, and supporting employee development through guidance, coaching and learning opportunities.

The Senior Actuary plays an important role of supporting the OCA in its journey towards its vision "To be recognized as the independent, impartial and trusted actuarial centre of excellence of the Government of Canada".

ESSENTIAL QUALIFICATIONS

Official Language Proficiency

• Bilingual 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

• Graduation with a degree* from a university with a specialization in actuarial science, mathematics, business, finance, commerce, economics, accounting or any other specialty related to the position.

AND

• Fellow of the Canadian Institute of Actuaries.

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

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

• Significant** experience leading the preparation or the review of actuarial valuations and cost estimates.
• Significant** experience in recommending and providing advice on the rationales in selecting the assumptions used in actuarial reports.
• Experience in delivering speeches or presentations to various audiences.
• Experience managing multi-steps projects with participants who may advance different visions and objectives.
• Experience preparing written communication for government officials or OSFI management***.

**Significant is defined as having the depth and breadth of experience that is normally acquired by performing the tasks continuously over a period of approximately five (5) years. Candidates must clearly demonstrate their roles and responsibilities pertaining to this experience.

***OSFI management includes executives and senior leaders at the REX-07 level and above.

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

ESSENTIAL KNOWLEDGE

• Knowledge of design, financing and actuarial principles related to valuations of social security programs, or pension plans, or employee benefits programs.
• Knowledge and understanding of policy, economic and demographic risk and trends related to social security programs, or public sector pension plans, or benefits to public sector employees.

ESSENTIAL COMPETENCIES

• Critical Thinking
• Collaboration
• Results Orientation
• Inclusion
• Leading People

ESSENTIAL ABILITIES

• Ability to communicate effectively in writing.
• Ability to communicate effectively orally.

ASSET QUALIFICATIONS

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

ASSET EXPERIENCE

• Experience developing capital market assumptions and conducting relevant stochastic analysis for actuarial reports and studies.

OPERATIONAL REQUIREMENTS

• Ability and willingness to work overtime on occasion.
• Ability and willingness to travel within Canada when required.

• Ability and willingness to travel internationally when required.

CONDITIONS OF EMPLOYMENT

• Security - Reliability Status
• 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.

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, 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.
• Retaining OSFI affected/opting employees.

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.
• 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. 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]

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