Risk and Financial Analyst, Insurance and Trust Supervision
Management Band 2
This position is excluded from union membership.
An eligibility list may be established.
The Financial Institutions Commission (FICOM) regulates the financial services and pension sectors in British Columbia. This regulation is designed to protect the public against the insolvency of financial institutions and pension funds, prevent improper market conduct by financial institutions and their intermediaries, and provide deposit insurance for members of BC credit unions and to ensure solvency of pension funds.
The Insurance and Trust Department, in the Financial Institutions Division, is responsible for the administration and enforcement of the Financial Institutions Act and Insurance Act. Under these statutes, the department administers a system of regulatory rules governing prudential and market conduct of provincially regulated insurance and trust companies.
The Risk and Financial Analyst (Supervisor) works with a team of other professionals across FICOM to examine, monitor and assess the financial soundness, business strategies, and risk profile of provincially regulated insurance and trust companies. This is a challenging analytical position in a dynamic regulatory environment, tasked with monitoring and evaluating sector issues that impact institutions negatively and with the advising and overseeing of timely corrective measures. Providing sound direction and leadership, you work with other teams in advancing and administering an effective regulatory framework that promotes the adoption of risk management policies and procedures. If you are a progressive and innovative business professional with comprehensive knowledge of financial analysis and risk management techniques, consider this exceptional career opportunity.
For complete details about this opportunity, including accountabilities, please refer to the attached job profile. For specific position related enquiries, please contact Sydney.Anderson@ficombc.ca DO NOT SEND YOUR APPLICATION TO THIS EMAIL ADDRESS. For more information about how to create or update your profile and how to submit your application, please refer to the Job Application page on the MyHR website.
NOTE: Applications will be accepted until 11:00 pm Pacific Time on the closing date of the competition.
In order to be considered for this position, your application must clearly demonstrate how you meet the education and experience as outlined below:
- Post-secondary degree in a field related to business, finance, economics or equivalent;
- A minimum of 1 year demonstrated insurance and/or trust industry experience in conducting internal or external audits of insurance/trust entities, financial analysis, actuarial valuations, processing claims, insurance underwriting, risk management assessments or asset management.
- An equivalent combination of education, experience and training may be considered.
Preference may be given to applicants that have:
- Relevant post-graduate (i.e. business, finance, economics) or certified professional qualifications (i.e. CPA, CIA, CFA, FCIA).
Applicants selected to move forward in the hiring process may be assessed on the Knowledge, Skills, Abilities and Competencies as outlined in the attached Job Profile located in the Additional Information section at the bottom of the posting.
A Criminal Record Check (CRC) will be required.
Cover Letter: NO
Resume: YES – Ensure your resume includes your educational accomplishments, employment history including start and end dates (month and year) of your employment, and any relevant information that relates to the job to which you are applying.
Questionnaire: YES (COMPREHENSIVE) – As part of the application process, you will be prompted to complete a comprehensive online questionnaire to demonstrate how you meet the job requirements. Please allot approximately 60 minutes to complete the questionnaire.
IMPORTANT: Comprehensive questionnaire responses will be used to shortlist applicants against the job requirements. Please ensure you include all relevant information about your educational accomplishments and employment history including job titles, start and end dates (month and year) of your employment, and your accountabilities and accomplishments.