Specialist

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

19h • CA$124,500 - CA$160,800 • Hybrid

About The Position

The Market and Liquidity Risk Division is seeking highly motivated individuals to join the team as a Specialist. The positions will be part of a team involved in the analysis of federally regulated financial institutions (FRFIs) inherent market risk, and assessment of related controls over such risks. The successful candidates will have increasing levels of responsibility for leading various work streams and contribute to the leadership and operations of the group. As a subject matter expert, the Specialists will apply advanced knowledge of non-trading market risk, particularly interest rate risk in the banking book (IRRBB), to conduct in-depth analysis, support supervisory assessments, and identify emerging risks. They will lead discussions with financial institutions pertaining to non-trading market risk topics, conduct complex reviews and ongoing monitoring of IRRBB, prepare formal reports, and communicate assessments to various internal and external stakeholders including senior executives. The role also involves enabling collaboration within MLRD and across OSFI to drive outcomes aligned with our mandate, and contributing to building an agile, risk responsive, continuous monitoring process that adapts to the evolving risk environment.

Requirements

• Official Language Proficiency: English Essential
• A degree OR diploma from a recognized post-secondary institution with specialization in finance, risk management, financial engineering, accounting, computer engineering, economics, or other relevant field.
• OR An acceptable combination of relevant professional industry experience AND education or training.
• Significant (defined as 5 years) experience in the financial services industry in one or more of the following areas: Market risk management, Corporate treasury, Front-office trading, Investment management, Central banking, Model risk management and/or validation, Financial or risk consulting.
• Experience in critiquing risk management practices and identifying key risk areas in the financial services industry.
• Knowledge of the business and environmental factors including current and emerging key risks as they relate to the financial services industry.
• Knowledge of the assessment of risk and risk management practices related to IRRBB.
• Collaboration
• Critical Thinking
• Results Orientation
• Ability to communicate effectively in writing.
• Ability to communicate effectively verbally.

Nice To Haves

• A relevant graduate degree from a recognized post-secondary institution.
• A relevant recognized professional designation such as CFA, FRM, or PRM.
• Experience in writing reports and making presentations to a range of stakeholders.
• Experience in supervising, examining or auditing financial institutions.
• Experience in computer programming, data management or financial modelling.
• Knowledge of OSFI’s Supervisory Framework.
• Knowledge of risk and portfolio management processes.
• Knowledge of relevant governing legislation and key developments.
• Interpersonal Communication
• Leading People
• Inclusion

Responsibilities

• Apply advanced knowledge of non-trading market risk, particularly interest rate risk in the banking book (IRRBB), to conduct in-depth analysis, support supervisory assessments, and identify emerging risks.
• Lead discussions with financial institutions pertaining to non-trading market risk topics.
• Conduct complex reviews and ongoing monitoring of IRRBB, prepare formal reports, and communicate assessments to various internal and external stakeholders including senior executives.
• Enable collaboration within MLRD and across OSFI to drive outcomes aligned with our mandate.
• Contribute to building an agile, risk responsive, continuous monitoring process that adapts to the evolving risk environment.

Benefits

• Ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
• Ability and willingness to work overtime, when required.
• Ability and willingness to travel within Canada when required.
• Ability and willingness to travel internationally when required.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree