Director, Pensions (5747)
Job Posting
Director, Pensions
Organization:
BC Financial Services Authority
Province:
British Columbia
Location:
Vancouver
Job Start Date:
Salary:
Description:
SUMMARY
The position is accountable for directing the regulatory and prudential risk-based supervision of the provincially regulated pension plans.
ACCOUNTABILITIES
- Develops and articulates the strategic vision for regulatory framework essential to address current and future challenges in the pensions industry.
- Develops and promotes forward looking risk assessment reviews of BC registered pension plans, consistent with principles outlined in the BCFSA Supervisory Framework and the Supervisory Framework for Pension Plans Registered in British Columbia.
- Directs the assessment of the financial health of pension plans and, the security of pension plan benefits and rights provided to pension plan members.
- Monitors and assesses the effectiveness of regulatory initiatives and adjust strategies as necessary to achieve desired outcomes.
- 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.
- Contributes to industry forums, conferences and pensions discussions.
- 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
- Comprehensive knowledge of the relevant provincial acts and regulations and demonstrated ability in the interpretation and application of legislation, regulation and/or policy.
- Knowledge of current and emerging risks and trends as they relate to the pension industry.
- Knowledge of financial statements, reporting standards and metrics.
- Knowledge of risk management principles, methods and demonstrated ability to identify risks, report on issues, and recommend solutions.
- Strong leadership skills to effectively lead and motivate a team, with experience coaching towards high performance and promoting a culture of accountability and continuous improvement.
- Effective communication skills, including strong written, verbal and presentation capabilities to communicate technical, complex concepts to audiences with varying degrees of pension knowledge and experience.
- Excellent relationship-building skills, with the ability to engage with diverse stakeholders and manage complex relationships.
- Demonstrated ability to exercise judgement, initiative, and discretion.
- Demonstrated thought leadership on pensions matters and ability to contribute to industry forums and conferences.
EDUCATION
Degree from a post-secondary institution with specialization in law, risk management, actuarial science, business, commerce, economics, finance, mathematics, or other relevant field related to the position or an acceptable combination of relevant industry experience and education.
Related experience includes:
- Experience in a senior role in pension consulting, pension plan administration/management, pension risk management and/or regulatory experience.
- Expertise in collaborating with a diverse range of stakeholders, including delivering presentations and/or conveying issues to stakeholders.
CERTIFICATIONS
Preference may be given to applicants with relevant professional qualifications: FSA, FCIA, CEBS, FRM, CFA, LLB/JD and/or CPA.