Senior Analyst, Regulatory Affairs Division

Office of the Superintendent of Financial Institutions Canada
Posting Date:
Sep 16, 2022
Company/Firm:
Office of the Superintendent of Financial Institutions Canada
Area of Law:
Banking, Insurance or Pension Law
Position Type:
Permanent, Full-time
Deadline:
Sep 29, 2022
Location:
Ottawa
Experience:
A minimum of five (5) years of relevant experience

Description

Work Location: This position is located in Ottawa; however, the successful candidate may work from one of the OSFI offices across Canada (Toronto, Montreal, Ottawa, or Vancouver).

DUTIES

The immediate need is to staff one (1) Senior Analyst position. This process may also be used to staff future needs for a manager position.

Manager, Approvals: The Manager will lead a team that is responsible for analyzing applications from Federally Regulated Financial Institutions (FRFIs) and Pension Plans (FRPPs) as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and developing recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Manager is expected to identify issues that may pertain to the application; assess, analyze and develop recommendations on more complex applications and establish and maintain working relationships with internal and external stakeholders. The Manager may also be involved in developing or overseeing the development of written guidance to stakeholders on approval procedures and participating on or managing project teams, as required. As a People Leader, the Manager will provide ongoing feedback, coaching and mentoring to individual team members, promote continuous improvement of individual and team performance, and provide a stimulating, challenging, and motivating work environment.

Manager or Senior Analyst, Legislative Policy, Interpretations and Compliance: The Manager/Senior Analyst is responsible for providing advice on managing issues relating to legislation and regulations, including legislative policy and compliance responsibilities and the interpretation of the statutes that apply to FRFIs and FRPPs. In carrying out these tasks, the Manager/Senior Analyst is expected to provide advice on the interpretation and application of the Bank Act, Insurance Companies Act, Trust and Loan Companies Act, Pension Benefits Standards Act, 1985 or Pooled Registered Pension Plans Act and regulations made thereunder; provide subject matter expertise in reviewing and responding to enquiries requiring interpretation of existing legislation, regulations and guidance; propose revisions to legislation, regulations, guidelines and OSFI policies that would enhance the regulatory and supervisory framework. As a People Leader, the Manager will provide ongoing feedback, coaching and mentoring to individual team members, promote continuous improvement of individual and team performance, and provide a stimulating, challenging, and motivating work environment.

Manager or Senior Analyst, Prudential Policy and Strategic Policy Liaison: The Manager/Senior Analyst is responsible for researching, undertaking analysis and providing advice to senior management on a wide variety of policy issues affecting FRFIs and FRPPs, the broader financial sector, or OSFI’s supervision and regulation of FRFIs and FRPPs; contributing to the development of prudential guidance applicable to FRFIs and FRPPs; and the strategic management of OSFI’s relationships with key public sector stakeholders. As a People Leader, the Manager will provide ongoing feedback, coaching and mentoring to individual team members, promote continuous improvement of individual and team performance, and provide a stimulating, challenging, and motivating work environment.

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. In fulfilling its mandate, OSFI supports the government's objective of contributing to public confidence in the Canadian financial system.

Learn more about us

Our People and Culture:

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. We have several networks dedicated to ensuring that the department continues to grow as an inclusive, accessible, respectful and diverse workplace. All 

employees are encouraged and welcome to join the following networks and participate in their activities and events.

  • Diversity of Thought
  • Family Responsibilities
  • Gender
  • LGBTQ2IS
  • Mental Health and Accessibility
  • Multiculturalism (Affinity Groups: Indigenous, Asian, Black)
  • Unconscious Bias

Hear about our people

Our Rewards:

πŸ’΅ 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 benefits pension plan (indexed for inflation), where both the employer and the employee contribute.

πŸ’° 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.

πŸ’» 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.

πŸ“– 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.

If you are interested in applying for this position, please review the job posting qualifications and additional notes.

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