Office of the Superintendent of Financial Institutions Canada - Capital Banking
Ottawa (Ontario), Toronto (Ontario)
$123,100 to $157,600
For further information on the organization, please visit Office of the Superintendent of Financial Institutions Canada
24 August 2020 - 23:59, Pacific Time
Who can apply:
Persons residing in Canada and Canadian citizens residing abroad.
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.
The Capital Specialist, Small and Medium-Sized Deposit Taking Institutions (SMSB), under the direction of the Director, Bank Capital, will conduct research, prepare rationale, and develop domestic guidance in the area of SMSB regulatory capital and liquidity requirements. The incumbent will also provide interpretations of the guidance to both internal and external stakeholders. The Capital Specialist will proactively engage with others in the development and implementation of capital and liquidity requirements as they pertain to SMSBs.
The Capital Specialist, SMSB is a center of expertise within OSFI and contributes to knowledge transfer across the organization through development and delivery of structured learning events and informal cross-training. As a key banking contact person in the Capital Division, the Capital Specialist promotes an accurate and consistent understanding of SMSB capital and liquidity standards with internal and external stakeholders. The Capital Specialist, SMSB develops and maintains a strong network of contacts across their areas of responsibility, and is recognized as a leading expert by internal and external stakeholders.
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.
What OSFI offers
OSFI is a separate agency that offers a competitive salary and eligibility for performance pay annually. People are the foundation of our organization. You will become part of a diverse community that acknowledges that everyone has varied experience and fosters an environment where communication and teamwork amplify our effectiveness.
Working at OSFI offers the following:
The work you do at OSFI matters. Your efforts contribute to the safety and soundness of the financial sector. A strong financial sector promotes competition, and benefits all Canadians.
Learning & Development
Our organization understands that ongoing learning and development is critical and necessary, and must evolve with developments in the Financial Sector. Learning and Development is a key component of our Human Capital Strategy.
Community & Culture
We strive to create a working environment that allows employees to work to their fullest potential. We strive to promote employee wellbeing, including a focus on balancing work and personal needs. Subject to operational requirements, we offer opportunities for flexible working arrangements.
As a Federal Government Agency, OSFI offers a number of competitive benefits to its employees, including a Defined Benefit Pension Plan, maternity and parental leave benefits, vacation (4 weeks), personal and family leave days.
Intent of the process
The immediate need is to staff one (1) position with a language requirement of English Essential on an indeterminate basis.
This selection process may be used to establish a pool of partially qualified and/or qualified candidates which could be used to staff similar positions at the Office of the Superintendent of Financial Institutions.
Positions to be filled:
Information you must provide
In order to be considered, your application must clearly explain how you meet the following (essential qualifications)
- Graduation with a degree* from a university with a specialization in economics, commerce, business or public administration, finance, accounting, mathematics, actuarial science, public policy or another field relevant to the position.
- The term “degree” refers to a baccalaureate or a higher level degree, as established by educational authorities.
- Significant* and recent** experience in developing or interpreting or analyzing the impact of prudential policies or rules for financial institutions.
- Experience in writing reports to senior management.
- Experience in making presentations to senior management.
- Significant will be measured by the depth and breadth of experience that is normally associated with approximately 3 to 5 years.
Experience has been acquired within the last 5 years.
If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)
- Graduation with a Master’s degree from a university with specialization in economics, commerce, business, administration, finance, accounting, actuarial science, public administration, public policy or another field relevant to the position.
- Professional designation: CA, CFA, CGA, or CMA.
- Experience conducting financial analyses.
- Experience in analysing risks relevant to the operations of financial institutions.
- Experience working at a deposit-taking institution.
- Experience developing proportional capital and liquidity requirements for deposit-taking institutions.
- Experience implementing risk management controls at an SMSB based on prudential guidance.
The following will be applied / assessed at a later date (essential for the job)
Information on language requirements
- Knowledge of the Canadian prudential regulatory framework for financial institutions.
- Knowledge of OSFI capital and liquidity guidance for deposit-taking institutions.
- In-depth knowledge of key risks facing SMSBs.
- Knowledge of current regulatory issues related to the financial sector.
- Results Orientation
- Critical Thinking
- Building Business Relationships
- Ability to communicate effectively orally.
- Ability to communicate effectively in writing.
The following may be applied / assessed at a later date (may be needed for the job)
- Knowledge of foreign regulatory regimes.
- Knowledge of international financial sector standard setting bodies.
- Professional Judgment
- Impact and Influence
- Change Leadership
In order to meet the organization's employment equity objectives in support of a diversified workforce, 'right fit' selection for this position may be made from among qualified candidates who self-declare as being Persons with a disability or Aboriginal peoples.
- Willingness and ability to work overtime occasionally.
- Willingness and ability to travel domestically.
Conditions of employment
Reliability Status security clearance
- Ability to work remotely from home with access to reliable high-speed internet in one’s residence.
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.
Information on employment equity
In order for your application to be considered, you must submit a completed questionnaire. You will be required to demonstrate how you meet the education and experience criteria (essential and asset) for the initial screening, in answering online screening questions. It is NOT sufficient to only state that the qualifications are met or to provide a listing of current or past responsibilities. Rather, you must clearly demonstrate HOW, WHEN and WHERE the qualification was met through substantiation by examples. Information on your described education and experience provided in the screening questions should be supported by your résumé. Failure to provide the above information in the format required may result in your application being rejected from the process.
A written examination will be administered.
An interview will be administered.
Reference checks may be sought.
The ability to communicate effectively in writing may be assessed using the candidate's application, as well as through the evaluation process.
Candidates invited to an interview will be required to provide proof of their education credentials, in the form of a diploma or official transcript.
Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.
Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications may be applied at any time during the staffing process, including screening. Candidates may be contacted and assessed against these criteria at any time during this process.
Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.
A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.
Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.
For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.
All job applications must be submitted through the Government of Canada public service jobs website. Do not email, fax, or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.
If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.
Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.
Applicants with disabilities:
If you require special accommodation at any stage in the selection process, including technical aid to ensure an equitable assessment of your qualifications, please inform us by sending an e-mail to the following address: HROstaffing@osfi-bsif.gc.ca.
As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.
Preference will be given to veterans and to Canadian citizens, in that order, with the exception of a job located in Nunavut, where Nunavut Inuit will be appointed first.
Information on the preference to veterans
We thank all those who apply. Only those selected for further consideration will be contacted.