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Director, Credit Risk Division (REX-07)

Office of the Superintendent of Financial Institutions

$136,500 - $170,500

Toronto * 

This position is located in Toronto. As a result of the global pandemic, OSFI employees are currently working from home. Should the current telework environment no longer apply, the successful candidate will be required to report to and work onsite from the Toronto office.

Who we are:

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

What OSFI offers:

OSFI is a separate agency that offers a competitive salary and eligibility for performance pay annually. People are the foundation of our organisation. 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.  Working at OSFI offers the following:

  • Mandate: the work you do at OSFI matters.  Your efforts contribute to the safety and soundness of the Canadian Financial Sector.  A strong financial sector promotes competition, and benefits all Canadians.

  • Learning & Development: our organisation understands that ongoing learning and development is critical and necessary, and must evolve with developments in the Financial Sector.  Learning and Development is a component of our Human Capital Strategy.

  • Community & Culture: we strive to create a working environment that allows employees to work to their fullest potential.  We strive to promote employee wellbeing, including a focus on balancing work and personal needs.  Where available, we offer opportunities for flexible working arrangements.

  • Benefits: As a Federal Government Agency, OSFI offers a number of competitive benefits to its employees, including a Defined Benefit Pension Plan, maternity and parental leave benefits, vacation (4 weeks), personal and family leave days.

What you will be doing:

The Director, Credit Risk Division is responsible for the identification of credit related risks and controls in financial institutions regulated by OSFI. Duties include leading staff in conducting on–site examinations and credit monitoring activities of financial institutions. In addition, the Director is responsible for providing consulting advice on credit issues to other OSFI divisions, and the executive group. Leading, developing, and coaching staff are key responsibilities of this position.


The individual in this role will need to have very strong relationship management skills and be able to work in a fast paced and demanding environment. This individual will need to have strong verbal/written communication and presentation skills.

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