Senior Technical Lead

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!

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 (P ) 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 assessmen…