Selection Process Number: 26-27-SIF-EA-JR100705 Division: Private Pension Plans Division Group and Level: REX 08 Salary Range: $202,700.00 - $253,300.00 Employment Tenure: Indeterminate Positions Available: 1 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 REXStaffing-DotationREX@osfi-bsif.gc.ca. 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. RESUME Applicants must submit a resume as part of this job application. Do not include a cover letter as part of your submission. 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 This position is located in Toronto. Working from the Toronto, Ottawa, Montreal, or Vancouver office 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 Managing Director (MD) Private Pension Plans is responsible for the effective management of people, resources, supervisory frameworks, processes and systems supporting the oversight of federally regulated private pension plans. The MD’s direct reports will align with the pension plan portfolios and may vary depending on how operational structure, which may evolve over time. The MD is responsible for building and maintaining strong partnerships and ensuring effective collaboratively between their teams and key internal and external stakeholders. The MD, Private Pension Plans, also provides advice to OSFI’s executive leadership on issues, emerging risks, and areas of concerns related to their assigned pension plans. The MD represents OSFI in discussions with industry stakeholders, pension associations, other pension regulators, government departments and agencies, and contributes to domestic and international pension supervisory initiatives. In addition, the MD contributes to the strategic direction of the sector and fosters a collaborative, high-performing work environment both within the Private Pensions Plans area and across OSFI. 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 from a recognized post-secondary institution with specialization in business, commerce, economics, finance, mathematics, actuarial science, accounting, or another related field OR An acceptable combination (1*) of relevant experience AND education or training 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 Leadership experience at the senior management (2*) level in managing a team Significant (3*) experience in the following: pension plans, retirement income systems, pension regulation, pension administration, pension governance, pension risk management leading complex, high-profile, or multi-disciplinary initiatives involving multiple stakeholders building collaborative relationships and influencing decision-making at senior levels within and across organizations NOTE: (2*) Leadership experience at the senior management level is defined director level or equivalent positions with direct accountability for the management of a team and the delivery of operational or strategic decisions. (3*) Significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of 5 years. The following essential knowledge, competencies and abilities will be assessed at a later date. ESSENTIAL KNOWLEDGE Knowledge of: the pension sector, including pension plan governance, funding, administration, investment, risk management, or regulatory oversight emerging economic, demographic, financial, labour market, and public policy developments affecting pension plans and retirement income systems legislative and regulatory frameworks applicable to pension plans or pension plan administrators ESSENTIAL COMPETENCIES Leading people Inclusion Results orientation Critical thinking 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 postsecondary institution with a specialization in actuarial science, mathematics or any other specialty related to the position Fellowship of the Canadian Institute of Actuaries OPERATIONAL REQUIREMENTS Ability and willingness to work overtime Ability and willingness to travel within Canada when required CONDITIONS OF EMPLOYMENT Security – Reliability Status 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 permitted for this application. You must cite any AI tool used by identifying the AI-generated content and its source. 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 (osfibsif@myworkday.com). 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: REXStaffing-DotationREX@osfi-bsif.gc.ca. 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 REXStaffing-DotationREX@osfi-bsif.gc.ca. Failure to do so may mean that you are either not considered or eliminated from the process. CONTACT INFORMATION OSFI Staffing Team EMAIL: REXStaffing-DotationREX@osfi-bsif.gc.ca PLEASE DO NOT APPLY TO THIS EMAIL ADDRESS, USE THE APPLY BUTTON. The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, dedicated to fostering public trust and confidence in Canada's financial system by rigorously regulating and supervising over 400 federally regulated financial institutions (FRFIs) and 1200 federally regulated pension plans (FRPPs). OSFI has offices located in 4 major cities across Canada: Ottawa, Toronto, Montreal and Vancouver. Safeguarding Canada’s Financial Future: Through diligent regulation and supervision of FRFIs and FRPPs, we ensure that these entities operate soundly and securely. Our proactive approach to risk management and early intervention safeguards the interests of depositors, policyholders, pension plan members, and beneficiaries. We remain committed to fostering public confidence and supporting the competitive and resilient nature of Canada's financial landscape. Our Mandate: Our mandate is to ensure the stability and integrity of Canada's financial system. We achieve this by: Maintaining Financial Soundness: Ensuring that FRFIs and FRPPs remain in sound financial condition. Safeguarding Against Threats: Ensuring that FRFIs protect themselves against threats to their integrity and security, including foreign interference. Proactive Intervention: Acting swiftly when issues arise, requiring FRFIs and FRPPs to implement necessary corrective measures without delay. Risk Management: Continuously monitoring and evaluating risks, promoting sound risk management practices among FRFIs and FRPPs. Our Approach: In fulfilling our mandate, we adopt a balanced approach: For FRFIs: We protect the rights and interests of depositors, policyholders, and financial institution creditors. At the same time, we recognize the need for FRFIs to compete effectively and take reasonable risks. For FRPPs: We safeguard the rights and interests of pension plan members, former members, and entitled beneficiaries. Join Us: Be part of a system that ensures financial stability and security for all Canadians. Learn more about our work and how you can contribute to a stronger Canadian financial future. Follow Us: Twitter: @OSFICanada LinkedIn: Office of the Superintendent of Financial Institutions Canada