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About the Role

The Director, Insurance Supervision is responsible for leading, developing, and coaching a team of supervisory staff. Key responsibilities include risk identification and assessment, planning, directing, and overseeing supervisory activities. The role also involves collaborating with various teams and specialists to ensure timely risk assessments and consistency in supervisory processes. The Director will provide insights and advice to management and influence supervisory methods and regulatory policy.

Responsibilities

Leading, developing, and coaching a team of supervisory staff responsible for the supervision of one or more insurers.
Identifying and assessing risks.
Planning, directing, and overseeing supervisory activities.
Ensuring supervisory work is risk-focused, aligned with the mandate, and supports timely intervention activities.
Ensuring supervisory work is consistent with risk-driven resource allocation requirements.
Supporting supervisory work for new applicants.
Collaborating with supervisory teams and specialists across various hubs and sectors.
Ensuring timely and appropriate risk assessments.
Contributing to consistency in supervisory processes.
Performing interagency liaison on key files.
Providing meaningful and timely insights and advice to management.
Influencing supervisory methods and regulatory policy.

Requirements

Must have a degree from a recognized post-secondary institution with specialization in business, commerce, economics, finance, mathematics, actuarial science, accounting, or a related field OR an acceptable combination of relevant experience and education or training.
Significant insurance industry (life or property and casualty) experience in managing a team or managing projects that involve people leadership.
Significant insurance industry (life or property and casualty) experience in developing and delivering presentations to senior management or boards of directors of financial institutions.
Significant insurance industry (life or property and casualty) experience in identifying, assessing, and critiquing financial or non-financial risk in financial institutions OR managing and controlling financial or non-financial risk in financial institutions.
Ability and willingness to work overtime.
Ability and willingness to travel domestically and internationally when required.
Ability to work remotely from home within Canada with access to the Internet.
Must be able to work on-site on a full-time basis from the OSFI office.
Must agree to be deployed into another REX position within OSFI at the same level.

Skills

English Essential
Knowledge of insurers, their products, and business models.
Knowledge of governance and risk management practices employed by insurers.
Knowledge of major domestic regulatory or legislative requirements affecting insurers.
Knowledge of current and emerging trends and risks in the insurance industry.
Leading people
Inclusion
Results orientation
Critical thinking
Ability to communicate effectively in writing
Ability to communicate effectively verbally

Location

Toronto
Ottawa
Montreal
Vancouver

Work Type

Full-time
On-site
Indeterminate

Experience Level

Significant insurance industry experience (approximately three years)
Extensive experience (approximately five years) in risk identification, assessment, critique, management, and control.
Extensive experience leading people in complex initiatives.

Education Level

Degree from a recognized post-secondary institution in a relevant field or acceptable combination of experience and education/training.
Relevant graduate degree (MBA, MAcc., MFin., etc.)
Relevant professional financial designation (CERA, CPA, CA, CGA, CMA, CFA, FRM, FCIA, etc.)

Salary/Compensations

$167,700.00 - $209,400.00

Benefits

Accommodation provided during the hiring process.

About the Company

The Office of the Superintendent of Financial Institutions (OSFI) is committed to having a skilled and diverse workforce representative of the Canadian population.
OSFI is committed to diversity and inclusion.
OSFI is a separate agency with its own classification and compensation system.
OSFI's staffing is subject to the Public Service Employment Act (PSEA).

Equal Opportunity

We are committed to providing an inclusive and barrier-free work environment, starting with the hiring process.
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.
Preference will be given to veterans first and then to Canadian citizens and permanent residents.