ExpiredServicesAmended (2x)

Model Validation Services

Services de validation de modèles

Description

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight. The Risk Quantification Division (RQD) is engaged in developing quantitative tools to independently assess Federally Regulated Financial Institution’s (FRFI) reporting, execute a variety of stress scenarios, and perform sensitivity analysis on this data. This ultimately informs regulatory policy and capital adequacy requirements. RQD is looking for an independent 3rd party to validate a model/tool used in assessing these macro scenario impacts.
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Quick Summary

The Office of the Superintendent of Financial Institutions (OSFI) is seeking an independent third party to validate a quantitative model used to assess macroeconomic scenario impacts on federally regulated financial institutions. This model supports regulatory policy and capital adequacy requirements by analyzing stress scenarios and sensitivity data.

Ideal For

Companies specializing in financial model validation and risk assessment for regulatory purposes should bid.

financial servicesrisk managementmodel validationregulatory compliancefinancial analysis
High complexity

Tender Details

Reference Number
cb-382-12849895
Solicitation Number
20250392
Publication Date
Jul 9, 2025
Closing Date
Aug 29, 2025
Expected Start
Sep 8, 2025
Expected End
Jan 26, 2026
Procurement Method
Competitive - Open bidding
Selection Criteria
Highest Combined Rating of Technical Merit and Price
Notice Type
Request for Proposal

Classification

UNSPSC Code
84100000
UNSPSC Description
Development finance

Trade Agreements

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); Canada-Colombia Free Trade Agreement; Canada-Ukraine Free Trade Agreement (CUFTA); Canada-UK Trade Continuity Agreement (Canada-UK TCA); Canada-Honduras Free Trade Agreement; Canada-European Union Comprehensive Economic and Trade Agreement (CETA); Canadian Free Trade Agreement (CFTA); World Trade Organization Agreement on Government Procurement (WTO GPA); Canada-Chile Free Trade Agreement (CCFTA); North American Free Trade Agreement (NAFTA); Canada-Peru Free Trade Agreement (CPFTA); Canada-Korea Free Trade Agreement (CKFTA); Canada-Panama Free Trade Agreement

Set Up Alert

Contracting Entity

Office of the Superintendent of Financial Institutions (OSFI)

255 Albert Street

Ottawa, ON

Contact

Aleksandra Green

Contracting-Approvisionnement@osfi-bsif.gc.ca

(613) 293-5842

Regions of Delivery

Toronto

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