Selection Process Number:

Division:

Group and Level:

Salary Range:

Employment Tenure:

Positions Available:

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 [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. Your written cover letter will be part of the assessment of your ability to communicate effectively in writing.

POSITION DETAILS

CLASSIFICATION:

This position is classified at the REX-09 group and level which is roughly equivalent to the EX-05 group and level.

LOCATION:

This position is located in Ottawa, Ontario. The OSFI Montreal satellite location may be approved, depending on worksite availability. Due to the nature of the work and operational requirements, this position requires full-time physical presence in the office. As such, this position is not suitable for telework.

PROCESS INTENT

The immediate need is to staff one position with a language requirement of bilingual imperative (CBC/CBC) 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 Senior Director is responsible for providing strategic leadership, ensuring operational and professional excellence of the Office of the Chief Actuary (OCA), and aligning the OCA activities and resources with the vision, values, and strategic objectives.

The role will need to provide strong leadership, strategic direction and oversight to the planning and execution of a wide variety of activities associated with the provision of statutory and non-statutory actuarial services for the Canada Pension Plan, Employment Insurance Program, Old Age Security Program, the Canada Student Financial Assistance Program, the Canadian Dental Care Program, insurance and benefits offered to federal public servants and Veterans, and any other programs under OCA’s responsibility.  The Senior Director’s responsibilities have long-term financial impact of the full Canadian population and the programs under their responsibility have annual expenditures in the magnitude of hundreds of billions of dollars. 

A key aspect of the role is to ensure the ongoing quality of actuarial work, analysis and research. Achieved by fostering and sustaining a centre of expertise in actuarial science, professional standards, finance and economic analysis as applied to social security and insurance programs.  In meeting these requirements, the Senior Director is instrumental in contributing to the ongoing financial viability of these programs, contributing to meeting OCA’s mandate, and fostering the public’s confidence in the ongoing management of these programs.

The Senior Director is also responsible for the provision of services and advice to federal and provincial Ministers of Finance, Employment and Social Development Canada, Health Canada, Treasury Board Secretariat and other federal departments for the ongoing design, funding and administration of these programs. 

ESSENTIAL QUALIFICATIONS

Official Language Proficiency:

• Bilingual - Imperative (CBC/CBC)

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 finance, accounting, actuarial science, mathematics, business, economics, or other relevant field OR an acceptable combination (1*) of relevant experience AND education or training.
• Fellowship of the Canadian Institute of Actuaries.

NOTE:

(1*) At the manager’s discretion, OSFI may consider candidates who do not possess a degree but meet the combination of experience and education or training if concrete examples are provided.

Information on degree equivalency

ESSENTIAL EXPERIENCE:

• Significant (2*) leadership experience at the executive-level, in leading actuarial teams
• Significant (2*) experience providing technical oversight and ensuring quality of preparation of actuarial valuations for large-scale pension, benefits or social security programs 
• Experience (3*) developing and executing strategic objectives, annual planning, and business priorities
• Experience(3*) providing strategic advice, recommendations, and briefings to senior stakeholders (4*) regarding complex (5*) actuarial files
• Experience (3*) in establishing and maintaining collaborative relationships and partnerships with various internal and external stakeholders

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 (5) years.

(3*) 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.

(4*) Senior stakeholders refers to C-suite executives such as chief executive officer, chief financial officer, and chief risk officer as well as individuals at the Director level (or equivalent) and above.

(5*) Complex issues are issues with at least three (3) of the following characteristics: multidimensional, sensitive, confidential, affecting many partners or stakeholders, precedent setting, having a major impact on the service or program delivery.

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

ESSENTIAL KNOWLEDGE:

• Knowledge of national and international social, economic, investment and demographic trends, labour market conditions and government policies and objectives related to social security programs
• Knowledge of actuarial, financing and forecasting principles for social security programs
• Knowledge of the principles, methods and practices of general management in areas of human resources and finance

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 the following experience criteria, your application must clearly explain how you meet it (may be needed for the job).

ASSET EXPERIENCE:

• Experience (3*) in leading complex (4*) actuarial projects for social security programs

NOTE:

(3*) 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. 

(4*) Complex issues are issues with at least three (3) of the following characteristics: multidimensional, sensitive, confidential, affecting many partners or stakeholders, precedent setting, having a major impact on the service or program delivery.

CONDITIONS OF EMPLOYMENT

• Security – Top Secret
• In accordance with the new Directive on Security Screenings, Top Secret security clearances are granted to Canadian citizens only. This position requires you to obtain and maintain a Top Secret security clearance to be appointed to the position
• 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
• Ability and willingness to work overtime
• Ability and willingness to travel within Canada when required (Note: frequent travel to the Ottawa office will be required if the employee reports to the Montreal office)
• Ability and willingness to travel internationally when required

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]. 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 [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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