Principal Analyst (RE-05), Specialist (RE-06)

Southwestern Ontario Field Unit, Parks Canada; Ottawa; Hybrid; CAD 105,000 - 161,000; Full time

Job summary

The Southwestern Ontario Field Unit at Parks Canada is looking for a Principal Analyst and Specialist to join their risk management team. The role involves conducting risk surveillance, analyzing trends, and engaging with senior stakeholders to guide credit risk strategy. Ideal candidates will have substantial experience in credit risk analysis and strong communication skills, ready to make a meaningful impact on the regulatory landscape in Canada's financial institutions.

Benefits

Public Service Pension Plan

Health Care Coverage

Performance Pay

Flexible Work Arrangements

Qualifications

• Recent experience in credit risk analysis and management.
• Experience in presenting recommendations to stakeholders.
• Knowledge of credit risk management standards.

Responsibilities

• Conduct credit risk surveillance and analytics.
• Deliver briefings on risk mitigation programs.
• Examine bank lending activities and present recommendations.

Skills

Analytical skills

Communication

Critical thinking

Education

Degree in business, economics, finance or relevant field

Job description

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Principal Analyst (RE-05), Specialist (RE-06)

Reference number: SIF25J-178812-000007

Selection process number: 25-26-SIF-EA-11184-A

Office of the Superintendent of Financial Institutions Canada - Banking Risk and Capital, Credit Risk Team

Vancouver (British Columbia), Ottawa (Ontario), Toronto (Ontario), Montréal Island (Québec)

CT-FIN-03, CT-FIN-04, RE-05, RE-06

Indeterminate

$105,200 to $160,800 (RE-05: $105,200 to $135,300; RE-06: $124,500 to $160,800)

For further information on the organization, please visit Office of the Superintendent of Financial Institutions Canada

Closing date: 4 June 2025 - 23:59, Pacific Time

Who can apply: Persons residing in Canada, and Canadian citizens and Permanent residents abroad.

Apply online

Important messages

We are committed to providing an inclusive and barrier-free work environment, starting with the hiring process. If you need to be accommodated during any phase of the evaluation process, please use the Contact information below to request specialized accommodation. All information received in relation to accommodation will be kept confidential.

Assessment accommodation

NOTE: If you have previously applied for the Principal Analyst (RE-05), Specialist (RE-06) process (Selection Process Number: 25-26-SIF-EA-11184 / Reference Number: SIF25J-142395-000044), in order to be considered you must resubmit an application to this process.

CLASSIFICATION

OSFI is a separate agency with its own classification (RE) and compensation system. OSFI positions classified at the RE-05 group and level is roughly equivalent to the CT-FIN-03 group and level and positions classified at the RE-06 group and level is roughly equivalent to the CT-FIN-04 group and level.

POSITION LOCATION

The designated worksite for this position is the Toronto, Ontario OSFI Office. However, the employee may work from the Toronto, Ottawa, Montreal or Vancouver office.

OSFI’s hybrid model includes telework and mandatory onsite presence. The terms of the employee’s telework arrangement will be established in accordance with the Directive on Telework and the Guidelines on Hybrid Work. These arrangements must be reviewed annually, at a minimum, and can be subject to change. OSFI employees are currently required to work in the office at least 12 days per month, however this may be subject to change depending on new direction.

EMPLOYMENT EQUITY

OSFI is dedicated to building and promoting a diverse, equitable and inclusive workforce, representative of all Canadians regardless of race, ethnicity, colour, religion, sex, age, disability, sexual orientation, gender identity or expression, socio-economic background or lived experience. By embracing diversity and inclusion, our department ensures broader discussions, better decisions, and a more positive workplace. We welcome all candidates to apply and strongly encourage candidates to self-declare if they belong to an Employment Equity designated group: Aboriginal Peoples, Persons with Disabilities, Women or Visible Minorities (Black people and other racialized groups).

• The term “Aboriginal” is used within this job advertisement as it relates to the Employment Equity Act and other legislative frameworks. The term “Indigenous” is used where possible, in alignment with the United Nations Declaration on the Rights of Indigenous Peoples. Indigenous refers to North American Indigenous people as members of First Nations, Inuit, or Métis. North American Indigenous people or members of First Nation include treaty, status or registered Indigenous people, as well as those non-status and non-registered.
  
  

Duties

Credit Risk Principal Analyst And Specialist Are Part Of Team Accountable For The Supervision And Regulation Of The Risk, And Risk Management Practices, Of Federally Regulated Banks, Including

• Conducting credit risk surveillance and analytics to identify emerging risk trends.
• Delivering briefings and advice on risk mitigation programs to executive-level stakeholders.
• Conducting examinations of bank lending activities and presenting compelling recommendations to senior officers.
• Contributing to the development and implementation of national and international standards pertaining to credit risk management.
  
  

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 and to ensure they protect themselves against threats to their integrity and security. In fulfilling its mandate, OSFI supports the government's objective of contributing to public confidence in the Canadian financial system.

Learn more about us https://youtu.be/QO_3vnPKuZI

Why Choose OSFI

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. OSFI is passionate about fostering a workplace where all people feel welcome, can reach their full potential, and contribute their unique perspectives and experience to the success of the team. We have several networks dedicated to ensuring that the department continues to grow as an inclusive, accessible, respectful, and diverse workplace. Some examples include: 2SLGBTQIA+, Mental Health and Accessibility, Multiculturalism (Affinity Groups: Indigenous, Asian, Black), Unconscious Bias.

Hear about our people https://youtu.be/diUspmpYWQI

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 benefit pension plan (indexed for inflation), where both the employer and the employee contribute.

Health Care Coverage: OSFI employees and their dependents are eligible to be enrolled in the Public Service Health Care Plan, designed to supplement provincial/territorial health insurance plans.

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.

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.

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.

Intent of the process

The immediate need is to create a pool of qualified candidates to staff positions with various language requirements and/or profiles.

This pool of qualified or partially qualified candidates may also be used to staff future similar or identical positions with various linguistic requirements and/or profiles, security requirements, tenures, and/or locations within the Office of the Superintendent of Financial Institutions (OSFI), which may vary according to the position being staffed.

Positions to be filled: Number to be determined

Information you must provide

Your résumé.

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

Essential Experience

• Recent and significant* retail or non-retail credit experience in one or more of the following areas in the financial services industry:
• Underwriting or adjudication.
• Portfolio management or analytics.
• Risk audit or quality assurance.
• Rating methodologies.
• Recent and significant is defined as the depth and breadth of the experience normally associated with the performance of the duties for a period of 3 years gained within approximately the last 5 years.
  
  

NOTE: Financial services industry includes, banks, credit unions, insurance companies, trust and loan companies, pension funds, rating agencies and credit bureaus and other relevant areas such as audit firms, consultant agencies, regulatory bodies, Indigenous insurance and lending institutions as well as pension plans.

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

ASSET EDUCATION

• A relevant recognized professional designation.
• A recognized graduate degree from a recognized post-secondary institution.
  
  

See link below for information on degree equivalency.

Degree equivalency

Asset Experience

• Experience communicating results from quantitative and qualitative analysis, both verbally and in writing to a senior audience.
• Experience leading complex or sensitive, multidisciplinary projects.
  
  

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

Various language requirements

• English Essential
• Bilingual Imperative
  
  

Information on language requirements

Essential Education

• A degree or diploma from a recognized post-secondary institution with specialization in business, commerce, economics, finance, accounting or other relevant field.
  
  

Or

An acceptable combination of relevant experience and education or training.

NOTE: At the manager’s discretion, OSFI may consider candidates who do not possess a degree or diploma but meet the combination of experience and education or training if concrete examples are provided.

See link below for information on degree equivalency.

Degree equivalency

Essential Knowledge

• Knowledge of credit risk drivers, risk management practices and emerging trends.
• Knowledge of first line and second line functions within a lending activity.
  
  

Essential Competencies

• Critical thinking - Gathers and evaluates data to guide decision-making; interprets, challenges, and analyzes information and trends in order to arrive at sound conclusions.
• Results orientation - Takes personal responsibility to reach or exceed goals; demonstrates a sense of urgency, ownership for results and consistently achieves results.
• Interpersonal communication - Communicates ideas clearly and with understanding and impact; attempts to understand others’ perspectives; respects diversity of thought and cultural diversity; actively listens; and seeks to understand.
• Collaboration - Breaks down barriers to achieve common objectives.
  
  

Essential 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)

ASSET KNOWLEDGE

• Knowledge of allowance for credit loss (ACL) methodologies under the International Financial Reporting Standards (IFRS) 9 framework.
• Knowledge of techniques used in establishing and stress testing credit risk capital requirements.
• Knowledge in the application of credit risk models within a credit activity.
• Knowledge of commercial real estate lending.
• Knowledge of residential real estate lending.
• Knowledge of commercial lending.
• Knowledge of corporate lending.
  
  

ORGANIZATIONAL NEEDS

OSFI is committed to having a skilled and diverse workforce representative of the Canadian population. In order to meet our employment equity objectives, 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, Aboriginal people, Members of a Visible Minority, or Women. OSFI is committed to diversity and inclusion, and we strongly encourage candidates to self-declare if they belong to one of these designated employment equity groups.

Operational Requirements

• Ability and willingness to work overtime.
• Ability and willingness to travel internationally and/or domestically when required.
  
  

Conditions of employment

Reliability Status security clearance

• In our hybrid workplace environment, the ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
  
  

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

• For external processes (as indicated by the abbreviation “EA” in the selection process number), only those selected for further consideration will be contacted.
• OSFI's staffing is subject to the Public Service Employment Act (PSEA).
• All written and verbal communication obtained throughout the staffing process, from the time of application to close of process, may be used to evaluate the candidate.
• Candidates must meet all of the essential qualifications to be appointed; however, depending on the requirements of the specific position(s) being staffed, one or more asset criteria or organizational need may be invoked at any stage of the process.
• Staffing strategies such as random selection, top-down approach and/or establishing cut-off scores to determine who will continue in the staffing process, may be used for the purpose of managing applications. Please note that although you may attain the established pass mark on any of the assessments used in this staffing process, management may decide to use a higher cut off score.
• During the staffing process, various assessment methods can be utilized, including but not limited to written exams and interviews. These assessments may be conducted either remotely or in-person at one of our OSFI offices (Toronto, Ottawa, Montreal or Vancouver).
• Eligible candidates may be considered and offered a deployment or Interchange before considering other applicants.
• 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.
• Email correspondence will be the only method of communication with candidates for this selection process, please ensure it accepts messages from unknown users. Please ensure you check your spam folder for any communications from OSFI. You must provide valid and updated contact information.
• All job applications must be submitted through the Government of Canada public service jobs website. Do not email or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button. Persons without Internet access may also review jobs open to the public through INFOTEL at 1-800-645-5605.
• If you have a limitation that may impact your performance at any step of the assessment process (such as submitting the application, written test, or an interview), you may request an accommodation. Assessment accommodations are designed to remove barriers, and to ensure that candidates with limitations can fully demonstrate their abilities. Should you wish to be accommodated, please inform us by sending an e-mail to the following address: [e-mail]. All information received in relation to accommodation will be kept confidential.
  
  

Preference

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

Information on the preference to veterans

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

Contact information

OSFI Staffing Team [e-mail]

PLEASE DO NOT APPLY TO THIS EMAIL ADDRESS,USE THE APPLY ONLINE BUTTON.

IL FAUT FAIRE PARVENIR SA CANDIDATURE ENCLIQUANT SUR LE BOUTON POSTULER EN LIGNEET NON PAS EN ENVOYANT UN COURRIEL ÀL’ADRESSE COURRIEL CI-DESSUS.

Apply online

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

• Industries

  Government Administration

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