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  • Director, Various in Capital Division – OSFI Canada – Ottawa, ON


    Duties

    Under the direction of their respective Managing Directors, and in collaboration with Supervision and Risk Support Sectors and other divisions in the Regulation Sector, the Directors of the Capital Definition and Precedents, Life Insurance Capital, Bank Capital – Market and Liquidity Risks, and Property and Casualty Insurance Capital teams (together referred to as Directors) are accountable for directing the analysis, formulation, interpretation and promotion of regulatory capital rules, policies and guidelines. In doing so, each Director defines deliverables and timelines and manages and leads a team that is responsible for the analysis of emerging domestic and global risks that necessitate changing capital, liquidity and other related requirements for federally regulated financial institutions. 

    The Directors provide leadership, direction and expertise to cross-sector teams within OSFI and industry advisory/consultation groups established by OSFI. They are also responsible for the ongoing training of OSFI staff in the application of capital, liquidity and other related requirements for financial institutions.

    The Directors and/or the Directors’ staff also represent OSFI on international and domestic working groups, committees or task forces to discuss and present OSFI’s views pertaining to principles and standards relating to varied prudential issues affecting financial institutions.

     

    Intent of the process

    This selection process will be used to fill four indeterminate Bilingual Imperative CBC/CBC positions and may be used to establish a pool of qualified or partially qualified candidates, which could be used to staff similar or identical positions with various linguistic profiles and requirements, various security profiles and various tenures.

     

    Positions to be filled: 4

     

    Information you must provide

    Your résumé.

     

    In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

     

    EDUCATION
    - Graduation with a degree* from a recognized post-secondary institution in economics, commerce, business or public administration, finance, accounting, mathematics, actuarial science, public policy or another discipline related to the position.

    * The term “degree” refers to a baccalaureate or a higher level degree, as established by educational authorities.

     

    Degree equivalency

     

    EXPERIENCE
    - Experience in making presentations to senior management**
    - Experience leading, developing, or coaching staff
    - Significant*** and recent**** experience in developing recommendations and writing reports or briefing notes to senior management regarding issues associated with financial institutions or pension plans.

    ** Depending on the organizational structure, senior management could mean such levels of management as the executive group, director level and above, etc.

    *** Significant is defined as the breadth and depth of experience that would normally be acquired over at least five (5) years, where the experience was part of the regular work duties of the candidate.

    **** Recent is defined as “within the last seven (7) years”.

     

    If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

     

    EDUCATION
    - Graduation, with a Master’s degree, from a recognized post-secondary institution with an acceptable specialization in economics, commerce, business or public administration, finance, accounting, mathematics, actuarial science, public policy, or another discipline related to the position.

    - Professional designation: CFA
    - Professional designation: CPA
    - Professional designation: FCIA
    - Professional designation: FSA
    - Professional designation: FCAS
    - Professional designation: FRM

     

    Degree equivalency

     

    EXPERIENCE
    - Experience with a broad range of various and complex related activities including, for example, financial analysis, risk management, underwriting, actuarial valuation and/or pricing, asset-liability management, strategic and financial planning, treasury, compliance, trading.

    For the Director, Capital Definition and Precedents
    - Significant*** and recent**** experience in regulating, identifying, or managing risks of a deposit-taking institution or insurance company within a regulatory body, regulated financial institution, or a consultancy firm.
    - Experience working directly with OSFI’s capital adequacy requirements in respect of a financial institution’s qualifying regulatory capital (as they pertain to each industry) obtained through regulatory, industry, or consulting work.

    For the Director, Life Insurance
    - Significant*** and recent**** experience in identifying and managing risks of a life insurance company with a life insurance company or consultancy firm.
    - Experience working directly with OSFI’s Life Insurance Capital Adequacy Test, obtained through insurance, consulting, or regulatory work.
    - Experience working with segregated fund guarantees obtained through insurance, consulting or regulatory work

    For the Director, Bank Capital – Market and Liquidity Risks:
    - Significant*** and recent**** experience in identifying and managing market risk or liquidity risk of a financial institution within a regulatory body, regulated financial institution, or a consultancy firm.
    - Experience working with OSFI’s market risk capital adequacy requirements or with OSFI’s liquidity adequacy requirements obtained through regulatory, industry, or consulting work.

    For the Director, P&C Insurance:
    - Significant*** and recent**** experience in identifying and managing risks of a P&C insurance company with a P&C insurance company or consultancy firm.
    - Experience working directly with OSFI’s P&C Insurance Minimum Capital Test for Federally Regulated Property and Casualty Insurance Companies, obtained through insurance, consulting, or regulatory work.

    *** Significant is defined as the breadth and depth of experience that would normally be acquired over at least five (5) years, where the experience was part of the regular work duties of the candidate.
    **** Recent is defined as “within the last seven (7) years”.

     

    The following will be applied / assessed at a later date (essential for the job)

     

    Bilingual - Imperative (CBC/CBC)

     

    Information on language requirements

     

    KNOWLEDGE

    - Knowledge of domestic and international regulatory/standards developments (e.g. International Financial Reporting Standards, International Capital Standards, Basel III framework) that relate to financial institutions.
    - Knowledge of current and emerging trends and risks as they relate to the financial services industry, both domestic and global.
    - Knowledge of policy tools to assess, measure and control risks undertaken by financial institutions.

     

    COMPETENCIES

    - Professional judgement
    - Developing others
    - Critical thinking
    - Change leadership

     

    ABILITIES 

    - Ability to communicate effectively in writing 
    - Ability to communicate effectively verbally

     

    The following may be applied / assessed at a later date (may be needed for the job)

     

    KNOWLEDGE

    For the Director, Life Insurance and the Director, P&C Insurance:
    - Knowledge of IFRS 17: Insurance Contracts

    In addition, for the Director, Life Insurance:
    - Knowledge of the life insurance industry, including life insurance products, their risks, and applicable regulatory requirements.
    - Knowledge of OSFI’s life insurance capital framework (e.g. guidance, instructions and forms).

    In addition, for the Director, P&C Insurance:

    In addition, for the Director, P&C Insurance:
    - Knowledge of the P&C insurance industry, including P&C insurance products, their risks, and applicable regulatory requirements.
    - Knowledge of OSFI’s P&C insurance capital framework (e.g. guidance, instructions and forms).

    For the Director, Capital Definition and Precedents:

    - Knowledge of regulatory capital and financial market instruments, including their key characteristics, risks and issues.
    - Knowledge of OSFI’s capital guidance and standards in respect of a financial institutions’ qualifying regulatory capital.

    For the Director, Bank Capital – Market and Liquidity Risks:
    - Knowledge of OSFI’s prudential guidance for financial institutions in regards to market risk or liquidity risk.
    - Knowledge of market risk or liquidity risk, including risk management processes related to market risk or liquidity risk.
    - Knowledge of data analysis in risk measurement of market risk or liquidity risk.

     

    COMPETENCIES

    - Innovation
    - Building business relationships
    - Working as a team

     

    OPERATIONAL REQUIREMENTS

    - Ability and willingness to work overtime occasionally
    - Ability and willingness to travel within Canada and abroad

     

    Conditions of employment

    - Reliability Status security clearance
    - Ability and willingness to travel within Canada and abroad

     

    Other information

    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.

     

    Information on employment equity

     

    In order for your application to be considered, you must submit a completed questionnaire. You will be required to demonstrate how you meet the education and experience criteria (essential and asset) for the initial screening, in answering online screening questions. It is NOT sufficient to only state that the qualifications are met or to provide a listing of current or past responsibilities. Rather, you must clearly demonstrate HOW, WHEN and WHERE the qualification was met through substantiation by examples. Information on your described education and experience provided in the screening questions should be supported by your résumé. Please note that your ability to communicate effectively in writing will be assessed throughout the application. Therefore, we recommend you use complete sentences where appropriate. Failure to provide the above information in the format required may result in your application being rejected from the process.

    A written examination will be administered. Please note that the written examinations will take place during the period between: September 17 to September 26, 2019. 

    An interview will be administered. Please note that interviews will take place during the period between: October 2 to October 25, 2019.

    Reference checks may be sought.

    Please note that OSFI has offices located in Ottawa, Toronto, Montreal, and Vancouver. If you are screened in, you may be required to travel to one of these locations to complete assessment (exam, interview, etc.).

    Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

    Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.

    Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications, operational requirements, and organizational needs may be applied at the time of staffing. Candidates may be contacted and assessed against these criteria at any time during this process.

    Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.

    A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

    Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

    For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

    All job applications must be submitted through the Public Service Resourcing System (PSRS). Do not fax or mail hard copy documents as these will not be accepted. To submit an application online, please click on the button "apply now".

    If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

    Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

    Applicants with disabilities: If you require special accommodation at any stage in the selection process, including technical aid to ensure an equitable assessment of your qualifications, please inform us by sending an e-mail to the following address: HROstaffing@osfi-bsif.gc.ca.

    As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

     

    Preference

    Preference will be given to veterans and to Canadian citizens, in that order, with the exception of a job located in Nunavut, where Nunavut Inuit will be appointed first.

     

    Information on the preference to veterans

     

    Note: In order to be considered for this opportunity, all candidates must apply online through: https://emploisfp-psjobs.cfp-psc.gc.ca/psrssrfp/applicant/page1800?poster=1341424&toggleLanguage=en

     

    We thank all those who apply. Only those selected for further consideration will be contacted.

     

    Date Posted: 2019-08-15 Expires: 2019-09-14

  • Pension Administrator, Bilingual – Excelhr – Ottawa, ON


     

    •  Duration: Permanent
    •  Language: English 100%, French 90%
    •  Salary: From: $45,000.00 To: $50,000.00
    •  Security Clearance: Criminal Check at time of placement
    •  Opportunity Number: 40123416

     

    Our client, a financial services firm which specialized in pension administration is looking to expand their team by hiring Pension Administrator. This is a full time permanent position with a stable, growing firm.

     

    The firm services a bilingual clientele and thus requires the Pension Administrator to be fluently bilingual in French and English. The incumbent will be required to read, write, and speak in both English as well as in French. Only bilingual candidates will be considered.

     

    We are looking for individuals with an education background in mathematics, statistics and/or actuarial sciences. Candidates who have started their actuarial exams are encouraged to apply. The firm employs full time, permanent actuaries, allowing opportunities for growth in the future.

     

    This is an excellent opportunity for an entry level candidate looking to grow their career in a pension-focused financial career. This firm offers opportunity for growth, training, and a stable work environment.

     

    Roles and Responsibilities

     

    • Provide administrative services and assistance to several pension plans
    • Prepare annual filing reports
    • Monitor and Ensure compliance with filing deadlines
    • Assist with the preparation of member pension option statements and completion of paperwork
    • Respond to client enquiries over the telephone and through email
    • Filing and other general office duties

     

    Qualifications and Experience

     

    • Post-secondary Degree in mathematics, statistics, actuarial sciences, and/or other related subjects.
    • Must have strong mathematical skills as this role includes performing complex calculations, using spreadsheets to incorporate interest rates, inflations, etc.
    • Required to be fluently bilingual in English and French; oral and written.
    • Strong asset to have experience with pensions. Professionals who possess this background will be highly considered.
    • It is also an asset in the professional has experience working in a financial institution or a related field, working with mutual funds, etc.
    • It is required to have advanced experience in Microsoft Excel and Word.

     

    Please apply with an updated resume to Sara@excelhr.com.  Only successful candidates will be contacted. Thank you in advance to all those who express interested in this opportunity.


    Date Posted: 2019-08-14 Expires: 2019-09-13

  • Consulting Actuary (Life Insurance Practice Area) – Eckler Ltd. – Toronto, ON


    At Eckler Ltd., we believe that fit is everything!

     

    Our vibrant life insurance practice operates country wide to deliver customized solutions. Our clients include most of Canada’s top life insurance companies, reinsurers, and other financial institutions such as banks, trusts, and credit unions. We also support governments, government agencies, insurance regulators, auditors, and other supranational banking and public policy agencies.

     

    We are looking for an innovative and results-oriented Consulting Actuary to join our life insurance practice. We need someone who is highly motivated, has solid actuarial skills, can juggle multiple tasks, and understands the importance of deadlines. Above all, we need someone who is passionate about delivering quality customer service.  You would provide actuarial services on projects as diverse as financial reporting, valuation, pricing, capital management, risk management and investment management.  You would work as part of a team to deliver the best results for our clients.

     

    Responsibilities

     

    • Provide actuarial consulting services to a wide variety of life insurance clients;
    • Work effectively as part of a team to deliver major actuarial projects to clients;
    • Anticipate client issues, needs or concerns and proactively develop solutions to meet those needs;
    • Manage client relationships for small to midsized accounts;
    • Effectively present actuarial findings orally or in written report format to clients or colleagues,
    • Participate in new business development opportunities within the practice and be an active contributor to the insurance industry and actuarial profession;
    • Supervise, mentor and coach junior staff.

       

      What we offer

       

    • Collaborative and engaging atmosphere
    • Working with colleagues across Canada
    • Good work/life balance
    • Opportunities to help grow and evolve our practices
    • Competitive total rewards package in terms of salary, bonus, and benefits (commensurate with experience level)
    • Collegial, comfortable work environment with a “dress for your day” dress code
    • A modern new office conveniently located on the Yonge subway line
    • Award winning corporate culture

       

      What you offer

       

    • University degree in Mathematics, Actuarial science
    • Completion of FCIA;
    • Minimum of five to ten years of progressive experience in Canadian life insurance industry or in a role consulting to the Canadian life insurance industry
    • Knowledge of major Canadian insurance industry products including life insurance (whole, permanent, term life, universal life), group health and disability, annuities and GICs, segregated funds
    • Deep product expertise in one or more of above products
    • Experience as an AXIS user for actuarial valuation and financial modeling
    • Experienced Excel user
    • Extensive experience in actuarial valuation and financial reporting
    • Some experience in product development and pricing would be an asset
    • Excellent client relationship skills; an interest and an aptitude for probing client needs and expectations of an actuarial nature
    • Superior communication skills, both written and oral.
    • Highly motivated, client service and team oriented individual;
    • Detail and results-oriented; able to balance multiple priorities and work under tight deadlines;
    • Strong interpersonal skills, a positive attitude combined with a great willingness to contribute to the success of Eckler Ltd.

     

     

    Who we are

     

    Eckler Ltd. is a leading consulting and actuarial firm with offices across Canada and the Caribbean. Owned and operated by our active Principals, the company has earned a reputation for service continuity and high professional standards. Our select group of advisors offers excellence in a wide range of areas, including financial services, pensions, benefits, communication, investment management, pension administration, change management and technology. Eckler Ltd. also partners with Milliman Inc. on international assignments in the insurance industry. 

    __________________________________________________________________________________

     

    Eckler Ltd.is committed to an inclusive, diverse and accessible workplace and encourages all interested applicants to submit a cover letter, resume, personal website or portfolio to careers@eckler.ca  for consideration.

     

    We thank all applicants for their interest, but only those selected for the short list will be contacted.

     

    www.eckler.ca

     

    Date Posted: 2019-08-13 Expires: 2019-09-12