Director Pensions

Job Responsibility:

Posting Title Director Pensions Department: Supervision Full/Part Time: Full Time Job Type: Permanent Location: Vancouver Work Arrangement: Hybrid Salary Range: $147,084.00 - $200,000.00 Close Date: August 2, 2024

Job Summary BC Financial Services Authority (“BCFSA”) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. 's financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province. BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes Indigenous Peoples, women, visible minorities, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA. We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to:

• Hiring team members who represent the population we serve;
• Removing barriers that may prevent equitable employment; and
• Supporting respectful work environments where everyone feels included and able to produce excellent results.

BCFSA is proud to be Great Place to Work Certified™. This is based on direct feedback from our Team Members. Our organization has also been selected as one of BC's Top Employers (2024) in recognition of our competitive compensation, work-life balance, and progressive programs. WHAT WE OFFER: When you join us, you become part of a high-performing team. Here, each Team Member can bring their unique talent to make outstanding contributions as we work towards the common goal of protecting British Columbians during the most important financial transactions in their lives. We offer:

• Healthy living and work-life balance
• Comprehensive health and wellness benefits plan
• Opportunities for personal and professional development
• Competitive compensation
• A challenging and engaging team environment
• Defined benefits pension plan which provides guaranteed income for life
• Flexible work arrangement for eligible positions
• Our team members enjoy the flexibility of a hybrid work model. They can choose every day where they want to work to be the most effective, from the comfort of their home to our beautiful office in downtown Vancouver. (Eligibility may vary, depending on position).

SUMMARY

The position is accountable for directing the regulatory and prudential risk-based supervision of the provincially regulated pension plans.

ACCOUNTABILITIES

• Develops and articulates the strategic vision for regulatory framework essential to address current and future challenges in the pensions industry.

• Develops and promotes forward looking risk assessment reviews of BC registered pension plans, consistent with principles outlined in the BCFSA Supervisory Framework

• Directs the assessment of the financial health of pension plans and, the security of pension plan benefits and rights provided to pension plan members.

• Monitors and assesses the effectiveness of regulatory initiatives and adjust strategies as necessary to achieve desired outcomes.

• Oversees the ongoing effectiveness of legislation and recommend improvements that include administrative harmonization with other provinces and the federal government.

• Works with peer regulators in a collaborative work environment to share information, discuss risks, and develop joint policies and practices to address common issues.

• Inspires, drives and directs change in the organization through coaching, supporting creativity and empowering employees to seek opportunities for improvement and developing innovative and leading-edge best practice strategies.

• Directs the development of operational/corporate policies and procedures, performance standards and service levels with the goal of continuous improvement.

• Manages and controls a budget and makes fiscally responsible decisions.

• Contributes to industry forums, conferences and pensions discussions.

• Leads and/or participates in operational planning and reporting for one or more program areas to support reliable program accountability, organizational core values and mandate.

• Provides supervision, coaching and mentorship to allow team members to achieve their full potential.

• Builds and fosters strategic and collaborative relationships with a diverse range of internal and external stakeholders.

JOB REQUIREMENTS

• Comprehensive knowledge of the relevant provincial acts and regulations.

• Comprehensive knowledge of supervisory frameworks in BC and Canada.

• Knowledge of current and emerging risks and trends as they relate to segment.

• Knowledge of financial statements, reporting standards and metrics.

• Knowledge of risk management principles and methods.

• Strong communication, negotiation, and influencing abilities.

• Ability to exercise judgement, initiative, and discretion.

• Demonstrated thought leadership on pensions matters and ability to contribute to industry forums and conferences.

EDUCATION

• Degree from a post-secondary institution with specialization in law, risk management, actuarial science, business, commerce, economics, finance, mathematics, or other relevant field related to the position or an acceptable combination of relevant industry experience and education.

Related experience includes:

• Overseeing and directing financial risk management activities in the financial services sector.

• Interpreting and applying legislation, regulations, and/or policy.

• Leading, developing, and coaching employees.

• Collaborating with a diverse range of stakeholders.

• Delivering presentations and/or conveying issues to senior management, internal and external stakeholders.

Preference may be given to applicants with Industry experience in the following areas: pensions legal experience, pension plan actuarial management, consulting and/or pensions administration.

CERTIFICATIONS

• Preference may be given to applicants with relevant professional qualifications: FSA, FCIA, CFA, and/or CPA.

PROVISOS Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province. Internal candidates are kindly requested to use their BCFSA email address when applying for this position. This will help us identify and streamline the internal application process.

Hiring Process Accommodation BCFSA wants to ensure every job applicant is treated fairly and with respect and encourages applications from all candidates, including those with diverse abilities. We welcome you to inform us confidentially if you may require any special support in the application process, including disability accommodation, in order to participate fully in our recruitment experience. Email us at Voir email sur ca.edajobs.com to notify us of any needs related to your job application.