Senior Risk Analyst

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

Benefits offered by this job

Employer-matched defined benefit plan

Competitive benefits package

On-site work environment

Job summary

FSRA, the Financial Services Regulatory Authority of Ontario, is recruiting a detail‑oriented risk analyst to conduct comprehensive risk analyses, maintain risk profiles, and support regulatory decisions. You will work with IT/MSA teams to enhance data reporting, while applying a strong foundation in analytics and regulatory risk frameworks.

The role emphasizes collaboration with supervisory teams, policy development, and continuous monitoring across financial institutions.

Qualifications

• Degree in finance, business, accounting, or related field with CA, CPA or CFA designation.
• Strong knowledge of risk analysis methodologies and regulatory risk-based supervisory framework.
• Experience leading change management initiatives and data analytics projects.

Responsibilities

• Conduct detailed risk analyses of regulatory information and assess institutions’ risk across credit, market, liquidity and operational areas.
• Maintain risk assessment profiles and identify emerging risks with recommended action plans.
• Collaborate with IT and Macro Surveillance Analytics to develop data collection and reporting tools.
• Provide analytical support for regulatory decisions and approvals and prepare sector trend reports.

Skills

Data analytics

Risk analysis

Regulatory knowledge

Oral communication

Education

Finance/business/accounting degree

CA/CPA/CFA designation

Tools

Python

MS Excel

MS SQL

MS Access

Power BI

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

Purpose of Position

Accountable for conducting detailed risk analyses, assessments and reporting on an assigned portfolio of financial institutions and for leading change in departmental processes and systems in support of overall regulatory risk management and Risk Assessment and Monitoring strategies.

Key Responsibilities

Conducts comprehensive risk analysis of business intelligence, market data, financial and other regulatory information requested from / submitted by credit unions, to assess each institution’s overall performance in such risk areas as: credit, market, structural, liquidity, operational and strategic. Maintains risk assessment profiles for each institution based on detailed analysis of prescribed factors and identifies the impact of emerging risks as trends as well as providing an action plan for further monitoring and follow up. Supports the preparation and analysis of sector and peer related information and data trends – including published data on the FSRA website Supports the development and maintenance of data collection and reporting in collaboration with IT and Macro Surveillance Analytics (MSA) team. Develops and maintains business relationships across the Credit Union and Insurance Prudential Function (in conjunction with other Supervisory Teams) to provide risk analysis expertise, collaboration and services in support of decision making and other initiatives. Ensures institution risk profiles and related documentation remain current and accurate to support decision making regarding supervisory actions. Support the administration of the deposit insurance process, reviewing Differential Premium Score Determination (DPSD) documentation, DPS scores and insurance premium amounts. Provides analytical support and recommendations to inform decision-making regarding regulatory requests and approvals (e.g, request for new subsidiary, capital issuance, significant investments, new business etc). Prepares qualitative and quantitative reports to support supervisory reviews, continuous monitoring, targeted and comprehensive assessments, and other decision-making activities (e.g. policy changes, Guidance Notes, Industry Advisories etc) including regular and ad hoc sector trend analysis. Develops, produces and supports standardized internal tools, reports and reporting templates Supports internal and external ad hoc data requests and quantitative reporting Supports the development of risk assessment, monitoring and stress testing tools and methodologies Supports risk assessment and monitoring business process review initiatives from concept through to change management implementation and post implementation reviews aimed at developing and/or improving the effectiveness of existing data collection, analysis and reporting methods. Ensures documented processes are in place to effectively execute all required risk assessment activities.

Qualifications

Education and Experience

Degree in finance, business, accounting, or related field combined with a C.A, CPA or CFA designation 3 – 5 years’ experience in risk analysis and assessment within a financial or business environment Knowledge of risk analysis and assessment methodologies and techniques. Demonstrated knowledge of business process methods and techniques and expertise in leading business process reviews and change management initiatives through to implementation.

Knowledge and Skills

High level skills in using data analytics and visualization technologies and tools (e.g. Python, MS Excel, MS SQL, MS Access, PowerBI) to manipulate large data sets to analyze, test, validate, visualize and report data. Certification on Microsoft Power BI Data Analyst Exam PL-300 is an asset. Strong analytical and data management skills with the ability to collect, organize, analyze, and disseminate significant amount of information. Knowledge of data architecture, databases, and data modeling is an asset. Risk, financial and business analysis skills to analyze complex financial institutions. Familiarity with regulatory risk-based supervisory framework Written communication skills to prepare comprehensive risk analysis and assessment reports as well as change management projects. Oral communication and interpersonal skills to provide risk analysis expertise, customer services and lead/ support change initiatives with multiple stakeholders. Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.

*Please note that this position will close at 12AM on the expiry 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: Regular Scheduled Weekly Hours: 36.25

#LI-Onsite

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

The 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.