Licensing & Registration Specialist

fsra; Toronto; On-site; CAD 65,000 - 90,000; Full time

Job summary

FSRA in Ontario serves as a regulators of financial services, reviewing license and registration applications to authorize approvals or recommend denials. This 12-month fixed-term contract requires strong regulatory knowledge, analytic capability, and stakeholder communication.

You will conduct licensing reviews, prepare enforcement and risk management reports, provide advisory services, and help deliver seminars to stakeholders.

Qualifications

• Degree in business administration, public policy or related field.
• Minimum of 3 years of regulatory licensing/approvals experience.
• Mortgage sector experience is considered an asset.

Responsibilities

• Reviews licence and registration applications from financial services intermediaries to ensure compliance.
• Identifies issues, follow-up requirements and assesses policy compliance.
• Prepares reports on policy, compliance, risk management and enforcement.
• Acts as expert witness at legal hearings/court proceedings as needed.
• Conducts field audits of life insurance agents and suitability assessments for mortgage agents.
• Provides information and advisory services to licence applicants and representatives.
• Develops and delivers seminars and training presentations to stakeholders.

Skills

Regulatory licensing knowledge

Compliance analysis

Research skills

Communication skills

Education

Bachelor's degree in business administration/public policy or related field

Job description

At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we're passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry.

Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs.

At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched defined benefit pension plan , and a comprehensive and competitive benefits plan. We prioritize learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving.

Join FSRA and help us shape the future of regulation for generations to come!

Job Description:

This is a 12-Month Fixed Term Contract Opportunity.

Purpose of Position

Accountable for reviewing and analyzing license and registration applications from provincial financial service intermediaries regulated by FSRA in order to authorize their approval or recommend denial. To provide information, advisory, consultation and training services to client applicants.

Key Responsibilities

• Conducts reviews and analysis of licence and registration applications from financial services intermediaries (e.g. insurance agents, insurance adjusters, mortgage brokers) to identify issues, determine follow-up requirements, assess compliance with relevant sections of the respective acts, regulations and FSRA policies and requirements as part of the overall licensing and registration review process. Approves licence and registration applications that meet all application requirements or recommends denial of applications that do not comply with legislation/policies.
• Conducts research and analysis of issues identified during the process and prepares reports outlining policy, compliance, risk management and enforcement issues.
• Participates in the research and analysis of potential legal actions against licence and registration applicants and acts as an expert witness at legal hearings/court proceedings.
• Conducts analysis related to non-standard Errors and Omissions Insurance (E&O) and Continuing Education (CE) issues identified during the review of licence and registration applications, or those referred to Licensing; negotiates and prepares minutes of settlement and recommends the approval/denial of licenses; monitors course providers' websites and training materials to ensure compliance with legislation and FSRA requirements.
• Researches and determines nature of requests for information under the Freedom of Information and Protection of Privacy Act.
• Participates in the review and analysis of licensing and registration procedures, methods, systems and processes for the administration of applicable legislation.
• Provides information and advisory services to representatives of registrant or licence applicants as a follow-up to non-routine applications to facilitate compliance with FSRA legislated requirements.
• Provides advice and guidance to license and registration applicants and/or their representatives related to licence and registration requirements and application processes and the interpretation of relevant legislative and FSRA policy provisions.
• Provides information to licence and registration applicants and/or their representatives related to licence and registration requirements and application processes, and the interpretation of FSRA legislation, policies and procedures.
• Develops and presents seminar and training presentations to stakeholder groups and participates as a FSRA representative at conferences.
• Conducts field audits of life insurance agents related to the Life Licence Qualification Program.
• Conducts suitability assessment of mortgage agents and brokers licensing applications.
• Collaborates with team members on projects.
• Telephone communication with licensing applicants.
• Other duties as assigned.

Qualifications

Education and Experience

Degree in business administration, public policy or a related field and/or related experience. A minimum of 3 years of related experience preferably in the area of regulatory licensing and approvals. Experience in mortgage sector can be considered an asset.

Knowledge and Skills

Legislation administered by FSRA (e.g., Mortgage Brokerages Lenders and Administrators Act, Insurance Act , Co-operatives Act, Credit Unions and Caisses Populaires Act), and knowledge of current issues and trends related to the licensing/registration and enforcement of client financial services sectors. Freedom of Information and Protection of Privacy Act (FIPPA) to research and prepare responses for information inquiries. Principles and practices of risk control models, analytical methods and compliance measure to assess eligibility for licences/registration and to develo