Selection Process Number:
26-27-SIF-IA-JR100521
Division:
Banking Risk and Capital
Group and Level:
RE 07
Salary Range:
$141,800.00 - $181,300.00
Employment Tenure:
Indeterminate
Positions Available:
1
POSITION DETAILS

CLASSIFICATION:

This position is classified at the RE-07 group and level which is roughly equivalent to the EX-02 group and level. This is not an executive position; however, the salary is roughly equivalent.

LOCATION:

This position is located in Toronto. Other satellite locations such as Ottawa, Montreal and Vancouver 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) position with a language requirement of English essential 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 Specialist, Credit Risk Division, leads complex supervisory reviews of federally regulated financial institutions and monitors emerging credit and provisioning risks across the industry. The role provides expert advice on credit risk management, underwriting, governance, and provisioning practices; leads multidisciplinary review teams; engages with senior industry stakeholders; contributes to supervisory policy and methodology development; and supports the development of supervisory expertise through coaching and knowledge sharing.

ESSENTIAL QUALIFICATIONS

Official Language Proficiency:

• English Essential
  • 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 with specialization in business, commerce, economics, finance, mathematics, actuarial science, accounting or other relevant field OR an acceptable combination (1*) of relevant experience 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:

• Recent and significant (2*) experience in supervisory activities related to credit risk, including the identification of credit risk and the assessment of credit risk management and oversight practices within financial institutions.
• Experience in coaching, managing or leading multidisciplinary teams leading reviews.
• Experience leading or directing meetings with executives.

*NOTE:

(2*) Recent and significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of 3 years within approximately the last 5 years.

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

ESSENTIAL KNOWLEDGE:

• Knowledge of current and emerging credit related issues or trends for both retail and wholesale.
• Knowledge of economic, financial and business indicators which impact credit risk.
• Knowledge of the oversight and control functions in financial institutions including Risk Management and Operational Management as well as other relevant areas with particular emphasis on credit risk and provisioning practices.
• Knowledge of OSFI guidance related to credit risk for retail and wholesale.

ESSENTIAL COMPETENCIES:

• Leading People
• Interpersonal Communication
• Critical Thinking
• Collaboration
• Results Orientation

ESSENTIAL ABILITIES:

• Ability to communicate effectively in writing
• Ability to communicate effectively verbally

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 in developing or interpreting or analyzing the impact of capital policy or rules for deposit-taking institutions.
• Experience in synthesizing complex data and qualitative information into meaningful analysis, forecasts, and reports.
• Experience building or validating models that explore capital or credit for financial institutions.

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 within Canada 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
• 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.

• This process may also be used to staff a Senior Manager position.
• 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.

CONTACT INFORMATION

OSFI Staffing Team

• EMAIL: [email protected]

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