Managing Director - Applied Research, Data & Analytics @ Osfibsif

Selection Process Number

26-27-SIF-IA-JR100733Division:

Housing and Mortgage RiskGroup and Level

REX 08Salary Range

$202,700.00 - $253,300.00Employment Tenure:

IndeterminatePositions Available

2WHO CAN APPLY

Employees of the Office of the Superintendent of Financial Institutions (OSFI). Eligible veterans and CAF members may apply. (Information on mobility for veterans and CAF members)

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 [email protected].

Due to weekly system maintenance, Workday will be unavailable for 3 hours every Friday from 11pm to Saturday 2am EST.

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.

COVER LETTER AND RESUME

Applicants must submit a resume and cover letter as part of this job application. In your cover letter, briefly describe your background and unique competencies that make you a good candidate for this role. The maximum word count is 250 to 300 words. Anything that you write beyond 300 words will not be read or considered. Your written cover letter and application will be part of the assessment of your ability to communicate effectively in writing.

POSITION DETAILS

CLASSIFICATION

This position is classified at the REX-08 group and level which is roughly equivalent to the EX-05 group and level.

LOCATION

These positions are located in Toronto. Working from the Ottawa, Montreal or Vancouver office may be approved, depending on worksite availability. Due to the nature of the work and operational requirements, these positions require full-time physical presence in the office. As such, this position is not suitable for telework.

PROCESS INTENT

The immediate need is to staff two Managing Director positions in the Applied Research, Data & Analytics team 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 Managing Director provides strategic leadership and direction to one of two key portfolios: Housing and Mortgage Risk (HMR) or Risk Data and Analytics (RDA). In either role, the Managing Director leads a multidisciplinary team and contributes to OSFI’s broader sectoral and cross-sectoral priorities, supporting informed and consistent approaches to risk identification, assessment and response.

The Managing Director is responsible for setting strategic direction, establishing priorities, and ensuring the effective planning and allocation of resources within their portfolio. The role promotes a cohesive and agile approach to the development of data, analytics, insights and executive-level reporting, ensuring that complex information is translated into clear, timely and actionable insights for executive management and senior internal and external committees.

Risk Data and Analytics (RDA)

The Managing Director, RDA, provides executive-level leadership and strategic direction for OSFI’s approach to data and analytics. The role establishes the vision and priorities for the management, use and analysis of data, including the evolving use of artificial intelligence (AI), to strengthen risk insights and support effective decision-making across OSFI. The Managing Director provides leadership in advancing data and analytical capabilities and in ensuring that analytical products and insights effectively support OSFI’s supervisory and regulatory work.

Housing and Mortgage Risk (HMR)

The Managing Director, HMR, provides strategic leadership in the assessment of housing and mortgage-related risks and vulnerabilities and their potential implications for FRFIs. The role leads the development of deep analytical insights into housing market risks and oversees a team that provides expertise and analytical support across OSFI. These insights help inform the development and evolution of supervisory and policy approaches related to housing and mortgage risk and support OSFI’s broader understanding and response to risks affecting the financial system.

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 commerce, accounting, business, finance, mathematics, economics/econometrics, computer science or other relevant field

OR

An acceptable combination (1*) of relevant experience AND education or formal training or a relevant designation/certification.

NOTE

(1*) At the manager’s 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.

IMPORTANT NOTE

Foreign education and Canadian equivalency

All candidates with foreign education credentials (i.e., any education obtained outside of Canada) must obtain the Canadian equivalency. If you currently have foreign education credentials, please initiate the process of obtaining this equivalency as soon as possible to avoid unnecessary delays, as this process can take up to several months. The following link contains information on the institutions that provide this service: Foreign Credential Validation against Canadian Standards. Only equivalencies provided by the listed institutions will be considered valid and acceptable.

ESSENTIAL EXPERIENCE

• Significant (2*) experience at the senior management level (3*) managing financial services risk (4*) gained by working in a relevant area such as front office trading, middle office or second line risk management, and/or an appropriate regulatory function
• Experience (5*) communicating complex quantitative risk assessments, analytics outputs, and analyses to senior executive (6*) and external partners
• Leadership experience (5*) at the senior management level (3*) in managing a team

NOTE

(2*) Significant is defined as having the depth and breadth of experience that is normally acquired by performing the tasks over a period of approximately five or more years.

(3*) Senior management level refers to Director level or above.

(4*) Financial services risk is defined as the identification, assessment, monitoring, management, and mitigation of risks that could affect the safety, soundness, financial performance, or regulatory compliance of a financial institution.

(5*) 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.

(6*) Senior executive refers to Managing Director level or above.

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

ESSENTIAL KNOWLEDGE

• Knowledge of evolving business and environmental risk issues within the Canadian financial services industry, particularly in the areas of risk quantification, analytics, and artificial intelligence (AI) risks
• Knowledge of international developments in risk management, data management, and associated analytical techniques
• Knowledge of governance and the risk management and internal control practices employed at financial institutions

ESSENTIAL COMPETENCIES

• Leading People
• Inclusion
• Critical Thinking
• Innovation

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

• Experience (5*) with current risk management and analytical techniques in financial institutions (deposit-taking and/or insurance)
• Experience (5*) building analytics and analytical tools

NOTE

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

ASSET KNOWLEDGE

• Knowledge of risk dynamics within financial services (specifically the functions, risks, and interdependencies of financial products)
• Knowledge of Real Estate Secured lending market, associated analytics and analytical techniques
• Knowledge of risk models, stress testing and other assessment techniques
• Knowledge of business intelligence, data engineering, data quality, applying AI and other associated data and analytics techniques

OPERATIONAL REQUIREMENTS

• Ability and willingness to work overtime.
• Ability and willingness to travel within Canada when required.
• Ability and willingness to travel internationally when required.

CONDITIONS OF EMPLOYMENT

• Security – Reliability Status, Secret
• The ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
• Working on-site on a full-time basis from the OSFI office.
• Agreement to be deployed into another REX position within OSFI at the same level.

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 forbidden for this application. Plagiarism from any source, or the use of generative AI from any source, may be investigated and result in serious consequences, including the invalidation of your application and consequently, elimination from this selection process.
• 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 ([email protected]). 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: [email protected].
• 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 [email protected]. Failure to do so may mean that you are either not considered or eliminated from the process.

CONTACT INFORMATION

OSFI Staffing Team

EMAIL

[email protected]

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