Selection Process Number:

Division:

Employment Tenure:

Positions Available:

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 postings 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 .

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:

The Manager position is classified at the RE-06 group and level which is roughly equivalent to the CT-FIN-04 group and level. The Principal Analyst position is classified at the RE-05 group and level which is roughly equivalent to the CT-FIN-03 group and level.

LOCATION:

The designated worksite for this position is the Toronto Ontario OSFI Office. However the employee may work from the Toronto or Ottawa office.

OSFIs hybrid model includes telework and mandatory onsite presence. The terms of the employees telework arrangement will be established in accordance with the Directive on Telework and the Guidelines on Hybrid Work. These arrangements must be reviewed annually at a minimum and can be subject to change.

PROCESS INTENT

The immediate need is to staff one (1) RE-06 Manager and one (1) RE-05 Principal Analyst positions in the Risk Quantification Division. This process may also be used in the future to staff a RE-06 Specialist position.

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 Risk Strategy and Policy Sector Risk Quantification Division is seeking individuals with expertise in one or various areas that include: macroeconomics and financial institutions risk analysis capital management and stress testing. Depending on your expertise you will take a role in:

• Supporting integrated assessments of systemic vulnerabilities risks and macroprudential capital policy.

• Contributing to the design and execution stress testing programs.

• Developing models for credit capital and liquidity assessments.

• Contributing to advancing OSFIs use of innovative technologies for risk quantification.

Who you are:

You should possess the following attributes:

• You are an individual with a financial industry and risk management experience.

• You are keenly interested in contributing your expertise to promote a safer financial system.

• You work well with others.

• Your critical thinking skills help to inform your decision-making.

ESSENTIAL QUALIFICATIONS

Official Language Proficiency:

Information on language requirements

• English Essential

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

ESSENTIAL EDUCATION:

Information on degree equivalency

• A degree OR diploma from a recognized post-secondary institution with specialization in finance economics financial mathematics risk management

OR

An acceptable combination* of relevant experience AND education or training.

*At the managers 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** experience in the financial services industry*** performing the following:

o Quantitative assessments and reporting of financial institutions and financial system risk management issues.

o Developing reports and analysis for senior-level decision makers pertaining to financial sector risk issues.

• Recent* and significant** experience in three (3) of the following areas:

o Expertise in macroeconomic or financial forecasting and risk analytics.

o Assessment of capital or liquidity adequacy of financial institutions.

o Stress testing and scenario analysis of regulated financial institutions.

o Applying advanced modelling techniques including artificial intelligence or machine learning to financial analysis.

*Recent is defined as ANY relevant experience gained within approximately the last (three) 3 years.

**Significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of two (2) years (for the RE-05 level) and five (5) years (for the RE-06 level).

*** Financial services industry experience is defined as experience working in one or more of the following areas: (a) financial institutions including banks trust and loan companies insurance companies and pension plans (b) firms dealing with audits or consulting engagements to such institutions (including reinsurance brokers) (c) technology and data companies providing services to financial institutions or linked to the delivery of financial services (d) government departments and central banks that directly deal with the supervision and regulation of these institutions (e) Indigenous Institutions including: Band operations trustees or administrators of pension plans insurance institutions lending institutions or other related areas providing financial services (f) other relevant areas such as but not limited to financial risk management investment management corporate treasury functions or commercial lending.

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

ESSENTIAL KNOWLEDGE:

• Knowledge of financial institutions business activities risk management practices and performance indicators and techniques used in risk measurement and modelling.

• Knowledge of tools and processes used to conduct financial economic or risk management analysis including new technologies data science or other advanced quantitative techniques.

ESSENTIAL COMPETENCIES:

• Critical Thinking

• Results orientation

• Collaboration

RE-06 Manager only:

• Inclusion

• Leading People

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 from a recognized post-secondary institution.

ASSET EXPERIENCE:

• Recent* experience building or validating models that explore capital liquidity credit and market risks for financial institutions.

• Recent* experience in policy development or analysis in the area of macro-prudential policy or supervisory stress testing.

• Experience** in one or more of these areas: asset liability management strategic analysis financial analysis compliance audit credit risk liquidity risk and capital management.

• Experience** working with statistical software packages (e.g. SAS R Python) AI/ML or software development.

*Recent is defined as relevant experience gained within approximately the last 3 years.

**Experience is understood to mean the depth and breadth of experience normally associated with having performed a broad range of related activities. The amount of complexity and the diversity of tasks as well as the autonomy level will be taken into consideration.

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

ASSET KNOWLEDGE:

• Knowledge of the application of new technologies to finance and risk management.

• Knowledge of financial institution regulatory processes.

• Knowledge of supervisory stress test programs.

• Knowledge of tools and processes used to conduct financial and economic analysis including data science techniques.

• Knowledge of specialized languages frequently used in data science (e.g. R and Python) to conduct financial and or economic analysis.

ASSET COMPETENCIES:

• Interpersonal communication

• Growth and Development

OPERATIONAL REQUIREMENTS

• Ability and willingness to work overtime.

• Ability and willingness to travel internationally when required.

CONDITIONS OF EMPLOYMENT

• Security Reliability Status

• In our hybrid workplace environment the ability to work remotely from home within Canada with access to the Internet in ones residence is a condition of employment.

• 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 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 Aboriginal people 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 -

• 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 or Interchange before considering other applicants.

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

• The useof generativeartificial intelligence (AI) tools sites and applications based on large language models (e.g. ChatGPT Dall-E Microsoft Copilot) is forbidden for this that your application may be submitted to a third-party software to detect plagiarism and the use of generative from any source or the use of generative AI from any source will result in the invalidation of your application and consequently elimination from this selection process.

• OSFI is a separate agency with its own classification and compensation system. OSFIs 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 (). You must provide valid and updated contact information.

• All job applications must be submitted through Workday: OSFIs 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: . All information received in relation to accommodation will be kept confidential.

• Please note that due to weekly system maintenance our staffing platform Workday will be down for 3 hours every Friday from 11pm to Saturday 2am EST.

• 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 . Failure to do so may mean that you are either not considered or eliminated from the process.

CONTACT INFORMATION

OSFI Staffing Team

EMAILS:

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