Selection Process Number:

26-27-SIF-EA-JR100575

Division:

Banking Risk and Capital

Group and Level:

RE 06

Salary Range:

$124,500.00 - $160,800.00

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 StaffingHR-DotationRH@osfi-bsif.gc.ca.

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 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.

RESUME

Applicants must submit a resume as part of this job application.

POSITION DETAILS

CLASSIFICATION

This position is classified at the RE-06 group and level which is roughly equivalent to the CT-FIN-04 group and level.

LOCATION

This position is located in Toronto. Working from the 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.

PROCESS INTENT

The immediate need is to staff 1 position with a language requirement of English essential on an indeterminate 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 Specialist, Credit Risk Division, is part of team accountable for the supervision and regulation of the risk, and risk management practices, of federally regulated banks, including:

• Conducting credit risk surveillance and analytics to identify emerging risk trends.
• Delivering briefings and advice on risk mitigation programs to executive-level stakeholders.
• Conducting examinations of bank lending activities and presenting compelling recommendations to senior officers.
• Contributing to the development and implementation of national and international standards pertaining to credit risk management.

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, accounting or other relevant field.

Information on degree equivalency

ESSENTIAL EXPERIENCE

• Recent and significant (1) experience in wholesale credit activities, involving corporate, institutional, or specialized lending, within the financial services industry (2), including experience in one of the following:
  • Credit adjudication.
  • Transaction structuring.
  • Credit risk management function (such as, portfolio analytics, risk rating methodologies, policy development).
  • Assessment of credit risk management practices in an internal audit, quality assurance, or similar function

NOTE

(1) 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.

(2) Financial services industry includes, banks, credit unions, insurance companies, trust and loan companies, pension funds, rating agencies and credit bureaus and other relevant areas such as audit firms, consultant agencies, regulatory bodies, Indigenous insurance and lending institutions as well as pension plans.

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

ESSENTIAL KNOWLEDGE

• Knowledge of wholesale credit risk drivers and risk management practices.
• Knowledge of current and/or emerging wholesale credit related issues or trends.
• Knowledge of complex wholesale credit products and non-bank financial institution market.

ESSENTIAL COMPETENCIES

• Critical thinking
• Results orientation
• Collaboration

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 recognized professional designation.
• A relevant graduate degree from a recognized post-secondary institution.

ASSET EXPERIENCE

• Recent and significant (1) experience in wholesale credit activities, involving corporate, institutional, or specialized lending, within the financial services industry (2), including experience in two or more of the following:
  • Credit adjudication.
  • Transaction structuring.
  • Credit risk management function (such as, portfolio analytics, risk rating methodologies, policy development).
  • Assessment of credit risk management practices in an internal audit, quality assurance, or similar function
• Experience communicating results from quantitative and qualitative analysis, both verbally and in writing to a senior audience.
• Experience leading complex or sensitive, multidisciplinary projects.

NOTE

(1) 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.

(2) Financial services industry includes, banks, credit unions, insurance companies, trust and loan companies, pension funds, rating agencies and credit bureaus and other relevant areas such as audit firms, consultant agencies, regulatory bodies, Indigenous insurance and lending institutions as well as pension plans.

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

ASSET KNOWLEDGE

• Knowledge of IFRS 9 allowance for credit loss (ACL) methodologies and credit risk capital assessment, including stress testing techniques.
• Knowledge of credit risk models and their application within lending activities.
• Knowledge of commercial lending practices.

OPERATIONAL REQUIREMENTS

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

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.

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 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 (osfibsif@myworkday.com). 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: StaffingHR-DotationRH@osfi-bsif.gc.ca. 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 StaffingHR-DotationRH@osfi-bsif.gc.ca. Failure to do so may mean that you are either not considered or eliminated from the process.

CONTACT INFORMATION

OSFI Staffing Team

EMAIL

StaffingHR-DotationRH@osfi-bsif.gc.ca

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