Senior Officer

Office of the Superintendent of Financial Institutions Canada•Vancouver, BC

7d•CA$105,200 - CA$135,300•Hybrid

About The Position

The Senior Officer, Legislative Affairs and New Entry (LANE) Division reviews and assesses applications from Federally Regulated Financial Institutions (FRFIs) as well as from applicants wishing to establish operations under the FRFI statutes administered by OSFI and develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions. In carrying out these tasks, the Senior Officer is expected to conduct research, analysis and consultation to identify any prudential, legislative, precedential, compliance and public policy issues that may pertain to the application. The position also supports a consistent, transparent and responsive approvals framework; contributes to legislative and policy analysis affecting federally regulated financial institutions; builds effective working relationships with a wide range of internal stakeholders, other federal departments and agencies, provincial regulators, applicants and their representatives; and coordinates or contributes to the development, application and maintenance of procedures, reports, policy instruments and, papers and, including guidance or any other formal OSFI regulatory and supervisory documents.

Requirements

Bilingual - Imperative (BBB/BBB)
A degree or diploma from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, public administration, actuarial science, law or any other related field, OR an acceptable combination of relevant experience and education or training.
Significant experience (at least 3 years) preparing written and oral advice, such as briefings, recommendations or decision documents for senior management on complex issues.
Significant experience (at least 3 years) consulting, collaborating or negotiating with internal and/or external stakeholders to resolve issues, obtain information, or support recommendations.
Experience in at least one of the following: Conducting financial analysis within the financial services sector; Researching and analyzing financial information, business plans or legal agreements related to the financial services sector or pension plans; Developing risk management policies, procedures or guidelines related to the financial services sector or pension plans; Identifying key risks of a financial institution or pension plan and making recommendations for the mitigation of those risks; Assessing compliance to financial sector or pension legislation; Providing legal advice or opinions with regards to commercial or financial transactions; Planning and conducting research or analysis of public policy in relation to financial institutions or pension plans.
Critical Thinking competency
Results Orientation competency
Interpersonal Communication competency
Collaboration competency
Ability to communicate effectively in writing.
Ability to communicate effectively verbally.

Nice To Haves

A graduate (Master’s or Doctorate) degree from a recognized post-secondary institution in commerce, business administration, finance, economics, accounting, actuarial science, mathematics, public administration, or another specialty relevant to the position.
A law degree (B.C.L, LL.L., LL.B. of J.D.) from a recognized Canadian university.
Membership in a Canadian professional association of actuaries (e.g., CIA, FCIA), lawyers, accountants (e.g., CPA, CA, CGA, CMA) or CFA charterholders.
Experience interpreting legislation or regulations related to the Canadian financial sector or registered pension plans.
Experience in public policy development or regulatory initiatives related to the financial sector or registered pension plans within a Canadian federal or provincial government department or agency.
Experience carrying out the prudential regulation or supervision of financial institutions.
Experience working at a financial institution (e.g. bank, insurance company, mortgage insurance company, etc.).
Experience supervising or administering registered pension plans.
Knowledge of concepts used in the prudential analysis of financial institutions or the supervision of pension plans.
Knowledge of current and emerging risks and policy issues affecting financial institutions or pension plans.
Knowledge of the legislation or regulations that apply to FRFIs or federally regulated private pension plans.
Knowledge of OSFI’s regulatory and supervisory framework applicable to FRFIs.
Knowledge of OSFI’s Risk Assessment Framework for federally regulated private pension plans.
Innovation competency.

Responsibilities

Reviews and assesses applications from Federally Regulated Financial Institutions (FRFIs) and applicants wishing to establish operations under FRFI statutes.
Develops recommendations for the Minister of Finance and the Superintendent of Financial Institutions.
Conducts research, analysis, and consultation to identify prudential, legislative, precedential, compliance, and public policy issues related to applications.
Supports a consistent, transparent, and responsive approvals framework.
Contributes to legislative and policy analysis affecting federally regulated financial institutions.
Builds effective working relationships with internal stakeholders, other federal departments and agencies, provincial regulators, applicants, and their representatives.
Coordinates or contributes to the development, application, and maintenance of procedures, reports, policy instruments, papers, guidance, and other formal OSFI regulatory and supervisory documents.