Principal Analyst

Important messages

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.

Assessment accommodation

POSITION LOCATION / WORK ARRANGEMENT:
This position is located in Toronto. However, the successful candidate may work from the Toronto, Ottawa, or Montreal office.

Due to the nature of the work and operational requirements, this position requires physical presence (in-office work). The option of teleworking is available on a part-time basis in accordance with OSFI’s Directive on Telework.

EMPLOYMENT EQUITY:
OSFI is dedicated to building and promoting a diverse, equitable and inclusive workforce, representative of all Canadians regardless of race, ethnicity, colour, religion, sex, age, disability, sexual orientation, gender identity or expression, socio-economic background or lived experience. By embracing diversity and inclusion, our department ensures broader discussions, better decisions, and a more positive workplace. We welcome all candidates to apply and strongly encourage candidates to self-declare if they belong to an Employment Equity designated group: Aboriginal Peoples, Persons with Disabilities, Women or Visible Minorities (Black people and other racialized groups).

* The term “Aboriginal” is used within this job advertisement as it relates to the Employment Equity Act and other legislative frameworks. The term “Indigenous” is used where possible, in alignment with the United Nations Declaration on the Rights of Indigenous Peoples. Indigenous refers to North American Indigenous people as members of First Nations, Inuit, or Métis. North American Indigenous people or members of First Nation include treaty, status or registered Indigenous people, as well as those non-status and non-registered.

Duties

The Horizontal Onsite Review Team (HORT) is looking for a highly motivated individual to join the team in the role of RE-05 Principal Analyst. This individual will be part of a team responsible for conducting cross-sector thematic reviews for systemically important banks and the largest medium-size banks.

HORT is part of the Risk Assessment and Intervention Hub within the Supervision Sector. As a member of HORT, the principal analyst will be responsible for the consistent and cohesive application of OSFI’s Supervisory Framework.

Work environment

Our Role:
OSFI is an independent federal government agency that regulates and supervises more than 400 federally regulated financial institutions and 1,200 pension plans to determine whether they are in sound financial condition and to ensure they protect themselves against threats to their integrity and security. In fulfilling its mandate, OSFI supports the government's objective of contributing to public confidence in the Canadian financial system.
Learn more about us 👉 https://youtu.be/QO_3vnPKuZI

Why Choose OSFI:
People are the foundation of our organization. You will become part of a diverse community that acknowledges everyone has varied experience and fosters an environment where communication and teamwork amplify our effectiveness. OSFI is passionate about fostering a workplace where all people feel welcome, can reach their full potential, and contribute their unique perspectives and experience to the success of the team. We have several networks dedicated to ensuring that the department continues to grow as an inclusive, accessible, respectful, and diverse workplace. Some examples include: 2SLGBTQIA+, Mental Health and Accessibility, Multiculturalism (Affinity Groups: Indigenous, Asian, Black), Unconscious Bias.
Hear about our people 👉 https://youtu.be/diUspmpYWQI

💵 Compensation: OSFI offers a competitive salary, and employees may be eligible for in-range increases and economic adjustments. Salaries are based on qualifications, experience and knowledge. The Public Service Pension Plan is a defined benefit pension plan (indexed for inflation), where both the employer and the employee contribute.

🏥 Health Care Coverage: OSFI employees and their dependents are eligible to be enrolled in the Public Service Health Care Plan, designed to supplement provincial/territorial health insurance plans.

💰 Performance Pay: OSFI employees are eligible for an annual bonus based on their performance throughout the year.

✈️ Vacation and Leave: OSFI employees start with 4 weeks of paid vacation, 2 personal days and 5 days of Family Related Leave with Pay among other various types of paid and unpaid leave.

💻 Flexible Work Arrangements: OSFI offers flexible work arrangements by providing support for compressed work week schedules, flexible work hours and teleworking, in order for employees to achieve their work objectives while achieving balance between work and homelife.

📖 Learning and Development: OSFI offers career advancement opportunities and encourages innovative thinking in its work environment. Employees may be reimbursed for relevant professional association membership fees.

Intent of the process

Immediate and Anticipatory Staffing

The immediate need is to staff one (1) position with a language requirement of Bilingual Imperative BBB/BBB on an indeterminate basis.

A pool of qualified or partially qualified candidates may be created to staff similar or identical positions with various linguistic 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.

Positions to be filled: 1

Information you must provide

Your résumé.

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

ESSENTIAL EDUCATION:
• A degree from a post-secondary institution OR an acceptable combination of relevant professional industry experience and education

Degree equivalency

ESSENTIAL EXPERIENCE:
• Experience in the financial services industry* in one or more of the following areas:
o Risk management
o Finance
o Corporate governance
o Compliance
o Internal audit
o External audit (includes experience in assessing risk and control effectiveness)
o Commercial and/or retail credit
o Underwriting
o Analysis of profitability
o Actuarial
o Control effectiveness
o Strategic planning
o Mergers and acquisitions
o Data analytics

OR

• Experience in supervising financial institutions

AND

• Experience in the financial services industry* interacting and making presentations to senior management, boards of directors, or other senior stakeholders.

* 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 or commercial brokers) (c) technology and data companies providing services to financial institutions or linked to the delivery of financial services (d) government departments 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 will be applied / assessed at a later date (essential for the job)

Bilingual - Imperative (BBB/BBB)

Information on language requirements

ESSENTIAL KNOWLEDGE:
• Knowledge of business and regulatory requirements in which financial institutions operate
• Knowledge of current and emerging risks, issues, or trends facing financial institutions and the information and techniques used in the measurement and management of associated risks

ESSENTIAL COMPETENCIES:
• Collaboration
• Critical thinking
• Innovation
• Results orientation

ESSENTIAL ABILITIES:
• Ability to communicate effectively in writing
• Ability to communicate effectively verbally

The following may be applied / assessed at a later date (may be needed for the job)

ASSET EDUCATION:
• Graduate degree from a post-secondary institution with relevance to the financial services sector, such as a degree in finance, business, commerce, economics, mathematics, actuarial science, statistics, engineering, computer science, or data analytics.
• Relevant professional designation or credential (e.g., CPA, CFA, FRM, CMA, CERA, FCIA, FCIP, CIP, CRM).
• Recognized advanced training relevant to the business and/or risk management activities of the financial services sector.

Degree equivalency

ASSET EXPERIENCE:
The following qualifications are not required but will help us select candidates for specific needs. Therefore, you must ensure that you provide details on each area that you have experience in.

• Experience in the financial services industry* identifying factors that drive risk, assessing risk, and recommending and implementing appropriate and timely intervention measures to address risk in a fast-paced environment.
• Experience in the financial services industry* preparing or analyzing regulatory returns and other related financial information.
• Experience in data and analytics including modern business information tools (such R, Python, Power BI, or Tableau) for the analysis and assessment of one or more of the following: capital, credit, liquidity, market, insurance, or operational risk.

* 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 or commercial brokers) (c) technology and data companies providing services to financial institutions or linked to the delivery of financial services (d) government departments 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.

ASSET KNOWLEDGE:
The following qualifications are not required but may help us select candidates for specific needs.

• Knowledge of key products and functions and the performance indicators of financial institutions.
• Knowledge of OSFI’s role in the supervision of the Canadian financial system and OSFI’s Supervisory Framework including guidelines.
• Knowledge of relevant global risk management and accounting principles and standards (e.g., Basel Committee on Banking Supervision, International Association of Insurance Supervisors, and International Accounting Standards Board) and their application to large and small financial institutions.
• Knowledge of governance and risk management practices currently employed in federally regulated financial institutions (FRFIs) to measure and manage current and emerging risks.
• Knowledge of FRFI regulatory returns.

ASSET COMPETENCIES:
• Interpersonal communication
• Inclusion

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, 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.

Conditions of employment

Reliability Status security clearance

• In our hybrid workplace environment, 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 internationally and/or domestically when required.

Other information

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

• For external processes (as indicated by the abbreviation “EA” in the selection process number), only those selected for further consideration will be contacted.

• 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.

• Eligible candidates may be considered and offered a deployment or Interchange before considering other applicants.

• 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.

• Email correspondence will be the only method of communication with candidates for this selection process, please ensure it accepts messages from unknown users. Please 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 the Government of Canada public service jobs website. Do not email or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button. Persons without Internet access may also review jobs open to the public through INFOTEL at 1-800-645-5605.

• 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.

Preference

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 all those who apply. Only those selected for further consideration will be contacted.

Apply online