Description:
The position is accountable for directing the regulatory and prudential risk-based supervision of the provincially regulated credit unions.
ACCOUNTABILITIES
- Directs the implementation of forward looking, risk-based supervisory programs (continuous monitoring/risk assessments) for regulated institutions to ensure they are in sound financial condition and complying with statutory provisions.
- Oversees the development and maintenance of accurate risk profiles and ratings, detection of risks, and development of recommendations to address risks.
- Provides expert advice on current and emerging trends and contributes to key decision making on priorities and deliverables.
- Collaborates in the development and application of the BCFSA Supervisory Framework
- 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.
- 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
- Degree in Finance, Commerce, Accounting, Business, Law, Economics or Financial or Risk Management and extensive directly related experience or, an equivalent combination of education and experience.
Related experience includes:
o Overseeing and directing financial risk management activities in the financial services sector
o Interpreting and applying legislation, regulations, and/or policy
o Managing employees and influencing stakeholders
Preference may be given to applicants with Industry experience in at least one of insurance, credit union, banking, trusts, or related industries.
- Comprehensive knowledge of the relevant provincial acts and regulations.
- Comprehensive knowledge of supervisory frameworks in BC and Canada.
- Knowledge of provincially regulated financial institutions, including the variety of current and emerging business models.
- Knowledge of financial statements, reporting standards and metrics.
- Knowledge of risk management principles and methods.
- Ability to exercise judgement, initiative, and discretion.
- Ability to analyze business plans and financial statements.
- Superior oral and written communication skills.
- Ability to develop relationships with internal and external stakeholders, and influence industry compliance with regulatory expectations.