Senior Internal Auditor /Senior Examiner

at  BC Financial Services Authority

Posting Title Senior Internal Auditor /Senior Examiner
Department: Supervision
Full/Part Time: Full Time
Job Type: Permanent
Location: Vancouver
Work Arrangement: Hybrid
Salary Range: $87,872.00 - $136,815.00
Close Date:

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.

SUMMARY

The position leads complex, high risk, and high-profile examinations of provincially regulated financial institutions, to assess compliance with regulatory requirements. This position is focused on Insurance and/or Credit Union market conduct.

ACCOUNTABILITIES

• Plans, leads and/or conducts complex regulatory examinations on high-risk files that may cross organizational boundaries, be high profile in terms stakeholder interests, have high public visibility, and have external interfaces.
• Leads multi-functional, multi-disciplinary, and cross-jurisdictional teams of internal and external stakeholders on examination files and project and policy work focused on the identification of market risks and coordinated intervention.
• Applies in-depth technical and professional knowledge to analyse quantitative and qualitative information from a variety of internal and external sources, to identify risks, themes, and/or systemic issues and make recommendations regarding the subject, and scope, of examinations.
• Proactively identifies and recommends financial institutions for examination.
• Carries out desk-based and/or on-site examinations to assess compliance or vulnerabilities in business practices by conducting interviews and gathering and evaluating documentary evidence in accordance with established regulatory tactics/strategies and legislative requirements.
• Achieves voluntary compliance during examinations and, identifies opportunities to educate industry participants and reinforce good business practices that align with regulatory expectations.
• Prepares written reports based on examination results that may include recommendations to address weaknesses, take proactive regulatory action, and improve policies, procedures, practices, and legislation.
• Supports formal regulatory intervention or enforcement action, and testifies at regulatory, tribunal, and other hearings.
• Contributes to the team’s development of internal work practices (e.g., policies, procedures, and tools).
• Provides orientation and training to internal and/or external stakeholders within area of responsibility.
• Contributes to, participates in, and supports organizational business transformation initiatives.

JOB REQUIREMENTS

• Leading or managing teams, including on projects, partnerships, taskforces, and related activities.
• Knowledge of relevant legislation, regulations, and/or policies governing the regulatory program or similar regulatory programs.
• Knowledge of insurance, credit union, and/or banking operations, practices, and products.
• Knowledge of risk management principles and methods.
• Knowledge of administrative law.
• Ability to exercise judgement, initiative, and discretion.
• Ability to influence compliance with legislation, regulation, and policy.
• Superior oral and written communication skills.

EDUCATION

• Degree in business, public administration, or accounting and several years of related experience or, an equivalent combination of education and experience. Related experience includes:
  o Leading and/or conducting complex, high risk, and/or high-profile examinations or similar activities (financial or compliance audits)
  o Developing and maintaining cross-functional and/or cross-organizational working relationships
  o Interpreting and applying legislation, regulations and/or policy.
  Preference may be given to applicants with experience in the insurance, banking, or credit union industry.

Please refer the Job description for details