Developing Skills for the New Job
FMI Capital Chapter Workshop
October 23, 2014
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
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
2
PART I
Identifying the Ideal FM Professional
3
Competency Overview
• The
Competency
Iceberg
Competencies?
are
What
Performance Management — 16
All rights reserved © 2002, Alcatel
4
Identifying the Key Competencies of the
Ideal FM Professional
Behavioural
Functional
Oral and Written Communications
Accounting Operations
Risk Management
Planning and Resource Mgmt
Negotiation/Persuading
Financial Policy
Values and Ethics
Financial 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
The Ideal Financial Management
Professional
Behaviours
•
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
Behavioural Competencies
•
Oral and Written Communications
Strategic Thinking – Analysis
Strategic Thinking – Ideas
•
•
•
Engagement
•
Risk Management
“Leadership”
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The Ideal Financial Management
Professional
Behaviours
•
•
•
•
•
•
•
Balances strategic advice
Monitors projects
Alignment of roles
Ensures policies are respected
Supports and facilitates decision
making
Delivers
Implements
Functional Competencies
•
Planning and Resource Management
•
Accounting and Reporting
•
Planning and Resource Management,
Financial Policy and Financial Systems
8
PART II
Advancing to the Next Level:
Identifying Gaps and Learning Needs
9
Advancing to the Next Level:
Identifying Gaps and Learning Needs
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
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
14
Learning and Development Tools
•
•
•
•
•
FI to CFO Career Path
Welcome to Pages
Learning Maps
FI Core Curriculum
Manager’s Guide to Financial Officer CompetencyBased Management
• Self-Assessment in Talent Management for the
Finance Community – Employee Guide to
Competency-Based Management
Available at:
www.gcpedia.gc.ca/wiki/Financial_management_co
mmunity
15
FI to CFO Career Path
16
FI to CFO Career Path (cont.)
17
FI to CFO Career Path (cont.)
18
Welcome to Pages
19
20
Learning Pyramid
10%
Formal Training
20% Feedback and
Coaching
70% Experience
(stretch assignments, shadowing, etc.)
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Finding opportunities
Volunteer your time and learn new skills:
•
•
•
•
•
•
FMI
Regional councils
Committees
Universities
Non-profit organizations
Boards of directors
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Other Resources
• www.myschool-monecole.gc.ca
• Financial Management Institute of Canada (FMI)
(www.fmi.ca)
• CICA (www.cica.ca)
• CPA (www.cpacanada.ca)
• CMA (www.cma-canada.org)
• CGA (www.cga-canada.org)
http://www.gcpedia.gc.ca/wiki/Financial_management_
community
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Contact us:
Sylvie Séguin, CPA, CGA
Acting Director
Financial Management
Community Development
sylvie.seguin@tbs-sct.gc.ca
613-946-6242
Julie Tremblay, CPA, CA
Special Advisor – Learning and
Development
julie.tremblay@tbs-sct.gc.ca
613-952-3350
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