Director (REX-07), Small and Medium Sized Banks Group Toronto

Office of the Superintendent of Financial Institutions Canada - Toronto, ON (30+ days ago)

Apply Now

Office of the Superintendent of Financial Institutions Canada
Toronto (Ontario)
$136,500 to $170,500

For further information on the organization, please visit Office of the Superintendent of Financial Institutions Canada

Closing date: 30 April 2020 - 23:59, Pacific Time

Who can apply: Persons residing in Canada and Canadian citizens residing abroad.

Apply online

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


The Deposit Taking Supervision Sector is seeking a highly motivated results-driven individual to join their Toronto team in the role of Director. Director positions are responsible for leading teams of Managers and principal analysts involved in the prudential supervision of deposit-taking institutions. Responsibilities include planning, directing, and overseeing supervisory activities while ensuring that work is risk focused, aligned with our mandate and consistent with our risk driven resource allocation requirements. Leading, developing, and coaching staff are key responsibilities of these positions.

Work environment

Who we are
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 offers a competitive salary with eligibility for performance pay annually. People are the foundation of our organisation. You will become part of a community that acknowledges and values differences in background and experiences. We believe that diversity of thoughts and collaboration greatly contributes to our success.

Working at OSFI offers the following:
The work you do at OSFI matters. Your efforts contribute to the safety and soundness of the Canadian Financial Sector. A strong financial sector promotes competition, and benefits all Canadians.

Learning & Development
Our organisation understands that ongoing learning and development is critical and must evolve with developments in the Financial Sector. Learning and Development is a fundamental element in achieving our mandate and 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. Where circumstances warrant, 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, comprehensive health and dental plan that extend into retirement, maternity and parental leave benefits, vacation (4 weeks), and personal and family leave days.

Who you are

You should possess the following attributes:
  • You are an individual with a broad financial industry and risk management perspective which has contributed to your resilience to volatility.
  • You are keenly interested in contributing your expertise to promote a safer financial system.
  • You embrace change and are open to innovation.
  • You have sound knowledge of the techniques used in the recognition, measurement and management of current and emerging risks in the financial services industry.
  • You work well with others both internally and with external stakeholders.
  • Your critical thinking skills and professional judgement help to inform your evidence based decision-making and drives results.
Intent of the process

The immediate need is to staff two positions.

This selection process may be used to establish a pool of qualified candidates, which could be used to staff similar or identical positions with various linguistic profiles and requirements, security profiles and various tenures.

Positions to be filled: 2

Information you must provide

Your résumé.

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

  • A degree from a post-secondary institution with specialization in business, commerce, finance, accounting or other relevant field OR an acceptable combination of education and/or professional industry experience.
Degree equivalency

  • Recent, significant and diverse risk management (i.e. operational, credit or market) work experience in the financial services industry*
  • Experience in leading, developing and/or coaching people.
  • Significant experience in making presentations and/or conveying issues to senior management and /or the board of directors.
  • Financial services industry includes experience working in a financial institution, including banks, insurance companies, pension funds, wealth management firms as well as government departments or agencies that directly deal with the supervision and regulation of these institutions, or other relevant areas.
The following will be applied / assessed at a later date (essential for the job)

English essential

Information on language requirements

  • Sound knowledge of inherent and emerging key risks and trends in the financial services industry and their application to individual institutional risk assessments.
  • Knowledge of enterprise wide risk management practices and/or enterprise wide risk assessments.
  • Knowledge of the performance indicators and/or regulatory metrics common to the banking sector and the information and techniques used in their recognition, measurement and management.
  • Integrity: Stepping up to the obligations of leadership with authenticity.
  • Transparency: Cultivating an open and trustworthy culture within the organization.
  • Agility: Adapting to environmental complexities through innovation.
  • Collaboration: Sharing a community mindset, promoting cohesion and breaking down barriers.
  • Results Orientation
  • Excellent ability to communicate effectively orally
  • Excellent ability to communicate effectively in writing
The following may be applied / assessed at a later date (may be needed for the job)

In addition to the Essential Qualifications identified above, please provide details if you possess one or more of the following Asset Education and Asset Experience criteria identified below.

  • A graduate degree from a post-secondary institution in finance, accounting, economics or business or other relevant field
  • A professional designation such as CFA, CPA or other relevant designation
Degree equivalency

You may be required to meet one or a combination of any of these asset experience criteria, and therefore, if you possess it you should provide details in your resume.

  • Recent and significant experience in matters related to the management of serious or deteriorating risk situations (i.e. credit, operational breakdown, liquidity etc.)
  • Experience in operational change management
  • Experience in managing projects
  • Experience in a second line function, a central support function or multiple lines of business in the financial sector or in financial sector regulation and supervision.
  • In depth knowledge of financial institutions’ business units, products and services
  • Knowledge of the regulatory environment of financial institutions in Canada
  • Knowledge of innovative technologies that help manage risk exposure in the financial services industry.
  • Critical Thinking
  • Change Leadership
  • Developing Others
  • Impact and Influence
  • Professional Judgment
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
  • Willingness and ability for some travel may be required
Conditions of employment

Reliability Status security clearance

Agreement to be deployed to another REX position within OSFI at the same level.

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

Internal employees of OSFI at the same group and level may be considered and offered a deployment or assignment before considering other applicants.

For this selection process, it is our intention to communicate with candidates via email. Candidates must include a valid email address in their application. It is the candidate’s responsibility to ensure accurate information is provided and updated as required. As a result you must update your personal information on your Public Service Resourcing System profile if it changes.

Applicants must clearly demonstrate using sufficient details, how they meet the education and experience factors listed under the essential qualifications, as well as any of the asset qualifications that are applicable, including timelines of when this experience was gained (please indicate month and year). Lack of DETAILS may result in your application being rejected as the Assessment Board may have insufficient information to determine whether you meet the qualifications.

SCREENING QUESTIONS (if applicable):
It is the responsibility of the candidate to clearly outline that they meet each of the screening criteria (i.e. Education and Experience Qualifications, both Essential and Assets) by RESPONDING TO THE SCREENING QUESTIONS IN THE ONLINE APPLICATION. Please note that it is not sufficient to only state that the requirement is met or to provide a listing of current responsibilities, rather the candidate must provide concrete examples that illustrate how they meet the requirement. Your resume will be used to validate the answers provided; therefore, it should also contain sufficient details regarding your education and experience.

As part of the assessment, reference checks may be sought and candidates may be required to submit their performance reviews. For internal candidates of the Public Service, the Assessment Committee reserves the right to contact the internal candidates’ current manager(s).

Your application may be used to assess written communication.

The following options may be used at any stage of the selection process in the determination of those to be given further consideration: random selection, top down selection, or meeting any asset qualifications.

An assignment/secondment or an acting appointment requires approval of your supervisor.

OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).

The client organization will accept applications on-line only. All job applications must therefore be submitted through the Public Service Resourcing System. To submit an application on-line, please select the button 'Apply online' below. Persons with disabilities 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


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.