Prepared by: Office of the Comptroller General Treasury Board of Canada Secretariat Presented by: Sylvie Séguin, CGA Acting Director Financial Management Community Development Office of the Comptroller General Key Competencies for the Financial Management Advisor FMI Capital Chapter February 27, 2014

2 Learning Objectives What are competencies? The Ideal Financial Management Advisor (FMA)? What other tools are available to support you in managing your career?

3 What Are Competencies?  Defined as… The characteristics of an individual that underlie performance or behaviour at work* They are: Measurable Observable “Can do” + “Will do” = Competencies (Skills, knowledge) (Behaviour) *Source: Public Service Commission

4 Functional competencies Behavioral competencies Accounting Operations Planning and Resource Management Financial Policies Financial Systems Oral and Written Communications Risk Management Negotiation/ Persuading Values and Ethics Strategic Thinking - Analysis Strategic Thinking - Ideas Engagement Management Excellence - Action Management Excellence - People Management Excellence - Finance FI Competency Dictionary

5 Successful Performers Successful performers: –Display professional behavior in a consistent manner; –Fulfill job requirements by being productive and effective at their work level; –Perform at or above the job level (quality, timeliness and responsiveness) as a matter of course; and –Use particular approaches and demonstrate specific behaviors that facilitate the meeting of objectives Poor PerformerFar Exceeds Expectations Successful Performer

The Ideal Financial Management Advisor (FMA) and Key Competencies 6

Tells story behind the numbers Asks the right questions Business oriented Strategic advice oriented Understands the big picture Agent of change Client focus Understands risk tolerance and takes into consideration risk appetite Trustworthy Flexible Oral and Written Communications Strategic Thinking – Analysis Strategic Thinking – Ideas Risk Management Behaviours 7 Behavioural Competencies The Ideal FMA Engagement “Leadership”

Balances strategic advice Monitors projects Alignment of roles Ensures policies are respected Supports/facilitates decision making Deliver implement Planning and Resource Management Behaviours 8 Functional Competencies The Ideal FMA

Barriers Perceptions of Finance Function: –seen as: » being focused on itself » being rule-bound » the centre for control » process oriented vs. results oriented » adding cost to running programs (i.e. overhead) 9

Learning & Development Tools FI to CFO Career Path Welcome to Pages Learning maps FI core curriculum Managers Guide to Competency-Based Management Self assessment in the Employee Guide to Competency-Based Management Available at:

11 FI to CFO Career Path

12 FI to CFO Career Path – cont’d

13 FI to CFO Career Path – cont’d

14 Welcome to Pages

Welcome To Pages Available for each FI level in the career path. Provides guidance to FI’s on how to best position themselves to meet the requirements of their position and for growth within the FM community.  Competencies to develop and master by level.  Recommended learning opportunities by level.  Development and learning required to reach the next level. 15

Learning Maps Learning Map for each FI level Linked to Core Curriculum Five segments –Required training –Learning activities needed to do your job –To prepare for a future position –To develop leadership skills –Other suggested training Provides learning to further develop competencies and aid in career progression 16

FI Core Curriculum Developed with the CSPS Professional Development for Financial Management Community Education / Professional Accreditation Core Curriculum Required Training Recommended Training FI-01EX Basic F111 – Financial Management Control Frameworks F112 – The Government Planning, Budgeting, Reporting & Evaluation Cycle F113 – Financial Management Systems C210 – Introduction to Risk Management F130 – Introduction to Revenues and Revenue Spending Functional F150 – Risk Management for Finance Professionals The Application of Revenues and Revenue Spending The Application of Costing in Government F708 – Preparing Treasury Board Submissions and Cabinet Documents F225 – Reporting & Budgeting: A Case Study F106 – Business Analysis Developmental training Strategic Change Management Project Management Negotiating Skills Facilitation Skills Effective Writing Communications Working in Teams HR Management Effective Presentations Client Service Problem Solving Integrated Risk Management Strategic Financial Management Series Seminars and workshops on: Strategic relationships, strategic communication, expectations seminar, business analysis, risk, managing sensitive conversations, strategic and effective briefing, seizing opportunities in a change environment, management and leadership – master both! Legend:Courses being developed in Introduction to Costing in Government C220 – Preparing a Business Case F405 – Managing Grants and Contributions

18 Take Charge of Your Career Familiarize yourself with the FI competencies and the tools and resources in the Employee’s Guide Review the learning material Assess your skills and experience using the FI to CFO Career Path Develop an action plan Register for the upcoming Competency-Based Training for the Financial Management Community

19 Other Ressources Financial Management Institute of Canada (FMI) ( CICA ( CPA ( CMA ( CGA ( community

20 Contact us: Sylvie Séguin, CGA Acting Director (613) Julie Tremblay, CPA CA Special Advisor – Learning and Development (613)