Prepared by: Office of the Comptroller General Treasury Board of Canada Secretariat Presented by: Sylvie Séguin, CPA, CGA Acting Senior Director Financial Management Community Development Office of the Comptroller General Developing Skills for the New Job FMI Capital Chapter Workshop October 23, 2014

2 Workshop Format Part I Identifying the Ideal FM Professional Discussion Part II Advancing to the Next Level: Identifying the Gaps and Learning Needs Discussion Part III Career Management Resources for FIs

PART I Identifying the Ideal FM Professional 3

4 Competency Overview The Competency Iceberg

Identifying the Key Competencies of the Ideal FM Professional BehaviouralFunctional Oral and Written CommunicationsAccounting Operations Risk ManagementPlanning and Resource Mgmt Negotiation/PersuadingFinancial Policy Values and EthicsFinancial Systems Strategic Thinking - Analysis Strategic Thinking - Ideas Engagement Management Excellence - Action Management Excellence - People Management Excellence - Finance 5

The Ideal FM Professional: Identifying the Key Competencies DISCUSSION 6

Tells the story behind the numbers Asks the right questions Is business-oriented Is strategic advice–oriented Understands the big picture Is an agent of change Is client-focused/engages others Understands risk tolerance and takes into consideration risk appetite Is trustworthy and flexible Is flexible Oral and Written Communications Strategic Thinking – Analysis Strategic Thinking – Ideas Risk Management Behaviours 7 Behavioural Competencies The Ideal Financial Management Professional Engagement “Leadership”

Balances strategic advice Monitors projects Alignment of roles Ensures policies are respected Supports and facilitates decision making Delivers Implements Planning and Resource Management Accounting and Reporting Planning and Resource Management, Financial Policy and Financial Systems Behaviours 8 Functional Competencies The Ideal Financial Management Professional

PART II Advancing to the Next Level: Identifying Gaps and Learning Needs 9

ACTIVITY -What skill gaps do you see from FI-01 to FI-02? -What are the skill gaps from FI-02 to FI-03? -What kind of learning activities (formal and informal) would help FI-01s and FI-02s to progress? 10

Advancing to the Next Level: Identifying Gaps and Learning Needs DISCUSSION 11

Barriers Perceptions of finance function: Seen as:  focused on itself  rule-bound  the centre for control  process-oriented vs. results-oriented  adding cost to running programs (i.e., overhead) 12

Part III Career Management Resources 13

14 What can You do to Prepare: Taking Charge of Your Career Familiarize yourself with the FI competencies and the tools and resources in the Employee’s Guide Look at competencies at FI-02, FI-03 and FI-04 levels to determine where you need to grow Assess your skills and experience using the “FI to CFO Career Path” Develop an action plan

Learning and Development Tools FI to CFO Career Path Welcome to Pages Learning Maps FI Core Curriculum Manager’s Guide to Financial Officer Competency- Based Management Self-Assessment in Talent Management for the Finance Community – Employee Guide to Competency-Based Management Available at: mmunity mmunity 15

16 FI to CFO Career Path

17 FI to CFO Career Path (cont.)

18 FI to CFO Career Path (cont.)

19 Welcome to Pages

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Learning Pyramid 10% Formal Training 20% Feedback and Coaching 70% Experience (stretch assignments, shadowing, etc.) 21

Finding opportunities Volunteer your time and learn new skills: FMI Regional councils Committees Universities Non-profit organizations Boards of directors 22

23 Other Resources Financial Management Institute of Canada (FMI) ( CICA ( CPA ( CMA ( CGA ( community

24 Contact us: Sylvie Séguin, CPA, CGA Acting Director Financial Management Community Development Julie Tremblay, CPA, CA Special Advisor – Learning and Development