Key Competencies for the Financial Management Advisor

Report
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”
7
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
8
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:
www.gcpedia.gc.ca/wiki/Financial_management_community
10
FI to CFO Career Path
11
FI to CFO Career Path – cont’d
12
FI to CFO Career Path – cont’d
13
Welcome to Pages
14
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
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
18
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
19
Contact us:
Sylvie Séguin, CGA
Acting Director
[email protected]
(613) 946-6242
Julie Tremblay, CPA CA
Special Advisor – Learning and
Development
[email protected]
(613) 952-3350
20

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