Key Competencies for the Financial
Management Advisor
FMI Capital Chapter
February 27, 2014
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
Learning Objectives
• What are competencies?
• The Ideal Financial Management Advisor (FMA)?
• What other tools are available to support you in
managing your career?
2
What Are Competencies?
 Defined as…
The characteristics of an individual that underlie
performance or behaviour at work*
They are:
 Measurable
 Observable
“Can do”
+
(Skills, knowledge)
“Will do”
(Behaviour)
*Source: Public Service Commission
=
Competencies
3
FI Competency Dictionary
Functional
competencies
•Accounting
Operations
•Planning and
Resource
Management
•Financial Policies
•Financial Systems
Behavioral competencies
•Oral and Written
•Engagement
Communications
•Management
•Risk Management
•Negotiation/
Persuading
•Values and Ethics
•Strategic Thinking -
Excellence - Action
•Management
Excellence - People
•Management
Excellence - Finance
Analysis
•Strategic Thinking Ideas
4
Successful Performers
Poor Performer
Successful Performer
Far Exceeds
Expectations
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
5
The Ideal Financial Management
Advisor (FMA) and Key Competencies
6
The Ideal FMA
Behaviours
Behavioural Competencies
•
•
Tells story behind the numbers
Asks the right questions
•
•
•
•
•
Asks the right questions
Business oriented
Strategic advice oriented
Understands the big picture
Agent of change
•
Client focus
•
Engagement
•
Understands risk tolerance
and takes into consideration
risk appetite
•
Risk Management
•
•
Trustworthy
Flexible
•
Oral and Written Communications
Strategic Thinking – Analysis
Strategic Thinking – Ideas
•
•
“Leadership”
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The Ideal FMA
Behaviours
•
•
•
•
•
•
•
Balances strategic advice
Monitors projects
Alignment of roles
Ensures policies are respected
Supports/facilitates decision making
Deliver
implement
Functional Competencies
•
Planning and Resource Management
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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)
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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:
www.gcpedia.gc.ca/wiki/Financial_management_community
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FI to CFO Career Path
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FI to CFO Career Path – cont’d
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FI to CFO Career Path – cont’d
13
Welcome to Pages
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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
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FI Core Curriculum Developed with the CSPS
Professional Development for Financial Management Community
Recommended Training
Core Curriculum
Required
Training
Education /
Professional
Accreditation
FI-01
EX
Basic
Functional
Strategic
F111 – Financial Management Control
Frameworks
F112 – The Government Planning,
Budgeting, Reporting & Evaluation
Cycle
F113 – Financial Management Systems
C210 – Introduction to Risk
Management
F150 – Risk Management for Finance
Professionals
F130 – Introduction to Revenues and
Revenue Spending
The Application of Revenues and
Revenue Spending
Introduction to Costing in
Government
The Application of Costing in
Government
F708 – Preparing Treasury Board
Submissions and Cabinet Documents
F225 – Reporting & Budgeting: A
Case Study
F106 – Business Analysis
C220 – Preparing a Business Case
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!
F405 – Managing Grants and
Contributions
Developmental
training
Legend:
Change Management
Project Management
Negotiating Skills
Courses being developed in 2013-2014
Facilitation Skills
Effective Writing
Communications
Working in Teams
HR Management
Effective Presentations
Client Service
Problem Solving
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
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Other Ressources
• 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.cag-canada.org)
http://www.gcpedia.gc.ca/wiki/Financial_management_
community
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Contact us:
Sylvie Séguin, CGA
Acting Director
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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