Technical Consultant - Toronto, Canada - Financial Services Regulatory Authority of Ontario (FSRA)

Financial Services Regulatory Authority of Ontario (FSRA)

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

FSRA is guided by our vision of financial safety, fairness and choice for Ontarians. We achieve this by public service through dynamic, principles-based and outcomes-focused regulation. FSRA is committed to attracting and retaining exceptional people who bring energy, expertise, and experience.

This includes providing a comprehensive total rewards package that looks beyond compensation and takes into consideration those things that are important to employees:

High employee engagement scores with opportunity for growth, learning and development
Flexibility with a hybrid work model in an office designed for collaboration
Competitive benefits plan, including a Defined Benefit pension plan
Promoting wellness and fostering an inclusive environment where all employees feel valued and respected
Culture of giving back to our communities through charitable activities
Job Description:

Purpose To lead projects/teams, and provide technical direction related to the research and analysis of complex pension industry issues and any regulatory action resulting from compliance concerns; the audit and financial examination of pension plans; and the development and implementation of branch policies/procedures.- To provide technical expertise related to the management, negotiation and resolution of significant, complex and/or sensitive pension regulation issues and advise the Director, Deputy Superintendent and Superintendent on the resolution of complex pension issues.

To represent FSCO and the Superintendent at meetings/conferences with pension plan sponsors, members, industry groups and other jurisdictions.

Key Responsibilities

Project Leadership- Provides project leadership for the development, implementation and evaluation of branch procedures, standards and controls to facilitate and ensure effective monitoring and assessment of provincial pension plans by branch staff in accordance with provisions of the Pension Benefits Act2. Technical Advice/Consultation/Training Advises branch staff engaged in the review and analysis of pension plans to ensure conformity to the legislation and quality/consistency of decisions- Provides technical advice related to the development of strategies and positions to address current/emerging issues of concern to the Superintendent/Deputy Superintendent and Director, Pension Plans on major pension matters- Provides technical expertise, advice and recommendations related to the development, implementation and evaluation of pension legislation and FSCO pension policies and guidelines for the regulation of pension plans registered with the Financial Services Commission of Ontario (FSCO)- Provides expert technical support for the development of a program of risk assessment and review for compliance concerning financial audits, examinations, pension plan administration, and asset management- Oversees and provides a senior advisory role related to the handling of specific complex, contentious, and/or sensitive industry/company pension plan cases- Provides technical leadership to Senior Pension Officers/Pension Officers related to the management of the case including the identification/analysis of issues, development of communication packages, liaison with MOF, and preparation of operational plans- Leads and/or participates as a senior technical advisor in negotiation meetings with pension plan administrators and/or their representatives to facilitate resolution of complex and/or serious issues of non-compliance including actuarial, financial, asset management, and plan administration compliance matters- Recommends regulatory action to the Director, Pension Plans Branch, the Deputy Superintendent and Superintendent, as required- Provides advice and consultation services to FSCO Directors, Deputy Superintendent, Pensions and the Superintendent related to contentious issues, pension policy and program delivery
Research/Analysis- Leads and conducts research and analysis projects to identify social, economic and administrative issues and general trends in the pension industry requiring policy change- Prepares research/analysis reports and issue papers- Develops communication materials for FSCO management and staff to inform them of developing trends and changes in practices in pensions, actuarial, financial reporting, asset management and related matters and on the status of any compliance efforts
Liaison- Liaises with representatives of accounting and other professional bodies (e.g. the Canadian Institute of Chartered Accountants and the Ontario Institute of Chartered Accountants) to obtain their views on the development of accounting and auditing policy revisions and regulatory reforms Leads/participates in consultations and joint initiatives with other provincial and federal regulators and the Canadian Associations of Pension Supervisory Authorities related to the resolution of common regulatory issues, and the research of new regulatory developments- Leads and parti