Description:
BC Financial Services Authority (“BCFSA”) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. ’s financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province.
BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes women, visible minorities, Indigenous Peoples, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA.
We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we stay committed to:
Hiring team members who represent the population we serve
Removing barriers that may prevent equitable employment
Supporting respectful work environments where everyone feels included and able to produce excellent results
BCFSA is proud to be Great Place to Work Certified™ organization based on direct feedback from our team members.
WHAT WE OFFER:
Healthy living and work-life balance
Comprehensive health and wellness benefits plan
Opportunities for personal and professional development
Competitive compensation
A challenging and engaging team environment
Defined benefits pension plan
Flexible work arrangement for eligible positions
A beautiful office location in downtown Vancouver
SUMMARY
The position is accountable for directing the regulatory and prudential risk-based supervision of the provincially regulated pensions.
ACCOUNTABILITIES
• Develops and promotes forward looking risk assessment reviews of BC registered pension plans, consistent with principles outlined in the BCFSA Supervisory Framework
• Directs the assessment of the financial health of pension plans and, the security of pension plan benefits and rights provided to pension plan members.
• Oversees the ongoing effectiveness of legislation and recommend improvements that include administrative harmonization with other provinces and the federal government.
• Works with peer regulators in a collaborative work environment to share information, discuss risks, and develop joint policies and practices to address common issues.
• Inspires, drives and directs change in the organization through coaching, supporting creativity and empowering employees to seek opportunities for improvement and, developing innovative and leading-edge best practice strategies.
• Directs the development of operational/corporate policies and procedures, performance standards and service levels with the goal of continuous improvement.
• Manages and controls a budget and makes fiscally responsible decisions.
• Leads and/or participates in operational planning and reporting for one or more program areas to support reliable program accountability, organizational core values and mandate.
• Provides supervision, coaching and mentorship to allow team members to achieve their full potential.
• Builds and fosters strategic and collaborative relationships with a diverse range of internal and external stakeholders.
Requirements:
JOB REQUIREMENTS
• Degree in Actuarial Sciences, Finance, Commerce, Accounting, Business, Law, Economics or Financial Risk Management and extensive directly related experience or, an equivalent combination of education and experience.
Related experience includes:
o Overseeing and directing financial risk management activities in the financial services sector
o Interpreting and applying legislation, regulations, and/or policy
o Managing employees and influencing stakeholders
o Providing advice and coaching as a subject matter expert
Preference may be given to applicants with Industry experience in the following areas: pension plan actuarial management, consulting and/or pensions administration.
• Comprehensive knowledge of the relevant provincial acts and regulations.
• Comprehensive knowledge of supervisory frameworks in BC and Canada.
• Knowledge of current and emerging risks and trends as they relate to segment.
• Knowledge of financial statements, reporting standards and metrics.
• Knowledge of risk management principles and methods.
• Ability to exercise judgement, initiative, and discretion.
• Ability to analyze business plans and financial statements.
• Superior oral and written communication skills.
• Ability to develop relationships with internal and external stakeholders, and influence industry compliance with regulatory expectations.
PROVISOS
Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province.