Executive Director Market Conduct

Job Information
Author jmccullough
Date March 17, 2017
Type Full Time
Company The Financial Institutions Commission (FICOM)
Salary 115,000.07 - $137, 999.87 - Annual
Location Vancouver
Category Government
Contact Information
For more information on this career opportunity including how to apply online by April 5th 2017, please visit: https://search.employment.gov.bc.ca/cgi-bin/a/highlightjob.cgi?jobid=39768

Executive Director Market Conduct
Vancouver
$115,000.07 – $137, 999.87 annually

An exciting career opportunity with FICOM as Executive Director, Market Conduct

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.

The Market Conduct Division is responsible for protecting consumers from harmful and unfair market conduct, and ensuring that regulated industries in BC conduct their business in accordance with statutory requirements under the Mortgage Brokers Act, Financial Institutions Act, Credit Union Incorporation Act, and Insurance Act.  FICOM’s Market Conduct Division has two functions:

–  The Mortgage Broker Team registers mortgage brokers to do business in BC, sets suitability and education requirements, identifies and responds proactively to risks, and investigates complaints and takes enforcement action to protect consumers.

–  The Financial Institutions Team identifies and responds proactively to risks, investigates complaints and takes enforcement action to protect consumers against misconduct by financial institutions (insurance companies, trust companies, credit unions) and unlicensed individuals and entities, and can intervene in the public interest in the Insurance Council of BC’s regulation of insurance agents and brokers.

The Executive Director leads and directs FICOM’s Market Conduct Division.  He or she ensures that FICOM’s consumer protection and business conduct regulation is risk based, proactive, integrated, and serves the public interest.

The Executive Director represents the Market Conduct program in interactions with government officials, industry stakeholders, other regulators, and the public.  Through positive relationships, the Executive Director strengthens the credibility of the regulator and influences industry behaviour in the public interest.

Qualifications for this role include:

  • Degree in Law, Business, Economics, or a field directly related to the position accountabilities.
  • 10 years of regulatory or equivalent experience at the management or executive level, with a preference for market conduct experience in a financial services context.
  • Relevant industry experience preferred, for example, in the mortgage, banking, insurance, or related industries.
  • 7 years of leadership, coaching, and management experience in the performance and development of professional staff.
  • Experience in planning, coordinating, and managing complex projects or negotiating high level, complex undertakings, agreements or settlements.

 

For more information on this career opportunity including how to apply online by April 5th 2017, please visit:

https://search.employment.gov.bc.ca/cgi-bin/a/highlightjob.cgi?jobid=39768

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