Senior Technical Lead

FSRA News; Toronto; On-site; CAD 88,000 - 129,000; Full time

Job summary

A financial regulatory authority located in Ontario is seeking a specialist to provide expertise in supervisory assessments of regulated financial sectors. This role requires a degree in finance or related field and 5+ years of experience in financial services. Key responsibilities include conducting research, providing expert analysis, and facilitating stakeholder relationships. The position offers a competitive compensation package and opportunities for personal and professional growth.

Benefits

Employer-matched defined benefit pension plan

Comprehensive benefits plan

Learning and development opportunities

Qualifications

• 5+ years of experience in financial services, regulatory experience preferred.
• Experience in conducting research and analysis to support risk assessments.
• Familiarity with credit unions or insurance companies preferred.

Responsibilities

• Contributes expert analysis to supervisory assessments.
• Conducts research on emerging trends impacting regulated entities.
• Leads identification of gaps in FSRA Rules and Guidance.

Skills

Capital

Liquidity

Corporate Governance

Operational/Non-Financial Resilience

ESG (Environmental, Social, Governance)

Information and Communication Technologies (ICT) Risk

Research and project management techniques

Education

Degree in finance, commerce, business, accounting, science/engineering, law

Master’s degree and/or professional designations (FRM, CPA, CFA, CIA)

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

Provides specialist and subject matter expertise in the supervisory assessments of regulated financial sectors (institution-specific as well as sector-wide) and to the development and implementation of regulatory directives, and supervisory practices. Leads and contributes to quantitative and qualitative research, development and assessments to support departmental initiatives.

Key Responsibilities

• Contributes expert analysis of evidence to sector-wide and institution-specific supervisory assessments.
• Documents own analysis in working papers, risk assessment summaries, supervisory letters, and notes.
• Conducts research, monitoring, analysis, and assessment of a range of issues, emerging trends, events, and developments which may impact the regulated entities.
• Provides direction and interpretation on Principles Based Regulation (PBR) under the applicable Acts, current Regulations, and FSRA Rules and Guidance, to FSRA’s supervisory assessments of regulated institutions and sectors.
• Leads the identification of gaps between available evidence and FSRA Rules and Guidance and makes recommendations.
• Builds subject matter expertise within FSRA in specialized areas such as: Capital, Liquidity, Recovery and Resolution, Operational/Non-Financial Resilience, ESG/Climate Risks, Corporate Governance, IT, Treasury/ALM, Retail/Commercial Lending, Securitization, etc.
• Provides subject matter expertise to FSRA’s regulated institutions and sectors to ensure alignment between FSRA’s guidance and supervisory assessments and expectations.
• Assists in developing and maintaining relationships with internal and external stakeholders through informal and formal interactions and consultations.
• Assists in developing, enhancing, and implementing FSRA’s Risk Based Supervisory Framework (RBSF).
• Supports the promotion and implementation of innovation and continuous improvement in the unit.
• Supports critical change and a new collaborative, forward thinking culture within the unit, and works with others to achieve this across the section.
• Works in collaboration with colleagues on division priorities for FSRA.

Qualifications

Education and Employment Experience

• Degree in finance, commerce, business, accounting, science/engineering, law, or related field. Master’s degree and/or professional designations (e.g., FRM, CPA, CFA, CIA) are preferred.
• 5+ years’ experience in financial services. Regulatory experience is preferred.
• Experience in conducting research and analysis to support risk assessment, risk management, policy, governance, processes and practices development.
• Familiarity with credit unions or insurance companies and financial services is preferred.

Knowledge and Skills

• Experience with any of the following subject areas: Capital, Liquidity, Corporate Governance, Recovery and Resolution, Operational/Non-Financial Resilience, Environmental, Social, and Governance (ESG) (including climate change), Information and Communication Technologies (ICT) Risk including Cyber Security, Treasury/ALM, Retail/Commercial Lending, Securitization, etc.
• Experience with research and project management techniques to plan and conduct qualitative and quantitative research.
• Demonstrated risk and controls analysis skills.
• Experience with assessments of the operations and financial condition of financial institutions (e.g., credit unions, banks, insurance companies, trusts, broker-dealers).
• Organizational skills with the ability to prioritize multiple tasks with focus and attention to detail.
• Professional-level verbal, written communication, and presentation skills.

*Please note that this position will close at 12AM on the expiry date*

Compensation Grade

Grade 07-AMAPCEO

Compensation Range

$88,496.00 - $128,625.00

Bargaining Unit

AMAPCEO

Job Code

Job Code: 7A001F

Employment Type

Regular

Scheduled Weekly Hours

36.25

Equity Statement

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