Technical Analyst

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

To provide analytical support and expertise on the interpretation and application of the Pension Benefits Act, and Financial Services Regulatory Authority of Ontario (FSRA) guidance, procedures, and processes for the regulation of pension plans in Ontario.

KEY RESPONSIBILITIES

• Provides support to Technical Consultants and senior management on a wide range of pension sector matters.

• Provides technical advice and guidance to Pensions staff on the interpretation and application of the Pension Benefits Act, and Financial Services Regulatory Authority of Ontario (FSRA) guidance, procedures, and processes for the regulation of pension plans in Ontario.

• Conducts in-depth research and analysis of complex pension industry issues and conducts any regulatory action resulting from compliance concerns.

• Provides technical consultation, advice and expertise regarding the audit and examination of pension plans and the development and implementation of Pension Sector guidance/procedures.

• Reviews and assesses the adequacy of registered pension plans and submissions thereunder to identify issues of legislative compliance or policy concerns in relation to the requirements of the Pension Benefits Act.

• Develops written analysis for the CEO and senior management with conclusions about any recommended approach including any exercise of the CEO’s discretionary authority in a matter.

• Assumes case and project management responsibilities through review, approval, and decision-making processes.

• Provides technical support and expertise related to the management, negotiation, and resolution of significant, complex and/or sensitive pension regulation/compliance issues and provides an advisory role related to specific complex, contentious, and/or sensitive industry/company pension plan cases.

• Represents FSRA and the CEO at meetings/conferences with pension plan sponsors, members, industry groups and other jurisdictions and liaises with representatives of actuarial, legal, investment, accounting, and other professional bodies to obtain their views on the development of guidance and regulatory reforms. Reports back to the Senior Manager on consultation results.

• Reviews and revises technical guidance documents for use by the pension industry; and liaises with other parts of FSRA, including communications specialists, to ensure their timely publication.

• Assesses the effectiveness of Ontario pension legislation, internal operational methods, tracking systems and databases in meeting on-going and anticipated needs. Identifies weaknesses and limitations and recommends improvements.

• Mentors less senior staff and provides training on internal processes, systems, and practices.

QUALIFICATIONS

Education and Experience

• Degree in commerce, accounting, finance, economics, mathematics, statistics, or other relevant field.

• Minimum 5 - 7 years’ experience in the pension sector with a plan administrator, advisor or other service provider, or with a pension regulator.

Knowledge and Skills

• In-depth knowledge of the Ontario Pension Benefits Act and regulations.

• Knowledge of the pension industry, administration and governance of pension plans, and Canadian pension plan regulation issues and trends.

• Project, change and relationship management skills.

• Strong political acuity to recognize and take into account sensitive political situations when representing FSRA with external stakeholders.

• Strong analytical skills with ability to interpret legislation and make actionable recommendations.

• Strong planning/organizational skills with the ability to manage multiple competing work priorities.

• Interpersonal and verbal/written/presentation skills to communicate through a variety of formats to a number of different audiences.

• Proficient with Microsoft Office (Word, Excel, PowerPoint, SharePoint, Teams) and other internal applications, as required.

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

Compensation Grade:

Grade 06-AMAPCEO

Compensation Range:

$82,217.00

-

$121,155.00

Bargaining Unit:

AMAPCEO

Job Code:

Job Code: 6A001F

Employment Type:

Regular

Scheduled Weekly Hours:

36.25