Senior Project Manager, MCBS

Financial Services Regulatory Authority of Ontario; Toronto; On-site; CAD 86,000 - 127,000; Full time

Job summary

Financial Services Regulatory Authority of Ontario (FSRA) is seeking a finance professional for an 18-month fixed-term contract within the Market Conduct Business Solutions team. You will oversee financial planning, track expenditures, and ensure governance alignment while coordinating multi-project reviews to transform FSRA processes.

You will lead budgeting, forecasting, and variance analysis for large initiatives, develop business cases, and provide guidance to senior leaders on financial

Qualifications

• Specialized knowledge and experience managing and tracking project financials for large-scale transformation initiatives exceeding $10M, including budgeting, forecasting, variance analysis, vendor invoicing and financial reporting.
• Proven knowledge of theory and practical application of a wide range of business methods, including performance measurement, risk management, benchmarking and re-engineering to lead reviews and improvements.
• Demonstrated knowledge of project management with techniques, tools and life cycle methodologies to lead, coordinate and support improvement projects.
• Formal training/accreditation from a Project Management Organization, such as PMI or AXELOS, is considered an asset for this role.

Responsibilities

• Leading financial monitoring activities for major transformation initiatives, tracking expenditures and variances with justifications.
• Developing and maintaining project financial plans, including budgets, forecasts, and multi-year funding.
• Ensuring adherence to FSRA governance by validating invoices, POs, contracts, and change requests with audit trails.
• Leading consultation processes with FSRA management to plan business process review projects.
• Leading the development of business cases and operational frameworks and related policies.
• Providing leadership to project teams and consultants for reviews and improvements.
• Leading research to identify options for improvements, models and related processes.

Skills

Financial analysis

Budgeting

Forecasting

Vendor invoicing

Project management

Communication

Data analysis

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: *Posting for an 18‑Month Fixed Term Contract Role*

Purpose of Position

As a member of the Market Conduct Business Solutions (MCBS) team, you will be accountable for supporting financial planning, tracking project expenditures, monitoring variances, and maintaining alignment with FSRA’s financial governance frameworks and leading and coordinating the research, planning, development and implementation of multiple, concurrent corporate and business process review projects and initiatives to transform and enhance business processes within FSRA.

Key Responsibilities

• Leading financial monitoring activities for major transformation initiatives, including tracking project expenditures, comparing actuals to planned budgets, and highlighting variances with clear justifications and recommended corrective actions.
• Developing and maintain project financial plans, including baseline budgets, quarterly forecasts, and multi‑year funding requirements, ensuring alignment with FSRA’s approved financial controls, funding envelopes, and governance frameworks.
• Ensuring adherence to FSRA financial governance by validating project‑related financial artefacts including vendor invoices, purchase orders, contracts, and change requests, and maintaining accurate financial logs, audit trails, and documentation to support internal/external audit and reporting needs.
• Leading consultation processes with FSRA management to identify and assess key business system/process issues and priorities and to facilitate and guide the planning and development of business process review projects.
• Leading the development of business cases and manage the development of operational frameworks and related policies.
• Providing leadership to project team members and consultants to conduct business reviews and to develop business strategies, processes, tools and systems.
• Leading research processes for the identification, analysis and recommendation of options for business improvements, preferred business models, and related business processes and systems.
• Providing expertise and consultative advice to FSRA executives related to specialized business management activities and systems, including business.

Qualifications

• Specialized Knowledge and Experience Demonstrated experience managing and tracking project financials for large‑scale transformation initiatives exceeding $10M, including budgeting, forecasting, variance analysis, vendor invoicing and financial reporting.
• Proven knowledge of theory and practical application of a wide range of business methods, including performance measurement, risk management, benchmarking and re‑engineering to lead corporate and department business process reviews and business process improvement projects.
• Demonstrated knowledge of, and expertise in project management including techniques, tools, software and project life cycle methodologies to lead, coordinate, participate in and support medium/large business process reviews and business process improvement projects.
• Formal training/accreditation from a Project Management Organization, such as PMI or AXELOS, is considered an asset for this role.

Knowledge & Skills

• Strong financial acumen with the ability to interpret and analyze project financials to support effective decision‑making on large transformation initiatives.
• Demonstrated knowledge of information technology to ensure that appropriate systems are developed and integrated in support of new business practices.
• Demonstrated knowledge of statistical analysis and research methodologies and techniques to lead research projects and to develop various models, tools and prototypes.
• Proven consultation, communication and advisory skills to elicit cooperation and to share data and information on project management processes, and administrative project management methods and to address and resolve issues.
• Proven oral and written communication skills to prepare and present reports, including business cases, submissions, reporting and planning documents.
• Analytical skills to evaluate and define project management requirements, identify options, determine priorities and evaluate key issues or risk and recommendations.
• Please note that this new position will close at 12AM on the closing date.

Compensation

• Compensation Grade: Grade 06-AMAPCEO Compensation Range: $86,379.00 - $127,288.00 Bargaining Unit: AMAPCEO Job Code: Job Code: 6A001F Employment Type: Fixed Term (Fixed Term) Scheduled Weekly Hours: 36.25 FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.
• NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED

About the Authority

Financial Services Regulatory Authority of Ontario (FSRA) is a dynamic, innovative, independent and self‑funded regulator of financial services and pensions. The organization promotes strong financial services and pension sectors while protecting the public interest. FSRA has responsibility for regulating property and casualty insurance (including auto insurance rates); life and health insurance; credit unions and caisses populaires; loan and trust companies; mortgage brokers; health service providers (related to auto insurance); and pension plans. We are building an agile, forward‑thinking and collaborative culture, and FSRA is committed to encouraging innovation and competition, and promoting market integrity and stability. Joining FSRA is an exciting opportunity to help shape the regulator of the future.