Senior Risk Analyst, Credit Unions (24-Month Contract)

at  BC Financial Services Authority

Posting Title Senior Risk Analyst, Credit Unions (24-Month Contract)
Department: Supervision & Deposit Insurance
Full/Part Time: Full Time
Job Type: Contract
Location: Vancouver
Work Arrangement: Hybrid
Salary Range: $87,872.00 - $136,815.00
Close Date: September 06, 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.

SUMMARY

This position leads and/or examines, monitors, and assesses the financial soundness, business strategies and regulatory compliance of financial institutions.

ACCOUNTABILITIES

• Develops and maintains a risk based supervisory strategy for financial institutions.
• Leads and/or conducts on-site reviews of financial institutions to review business models, strategies, and products to identify and assess inherent risks and assess risk management control functions.
• Maintains an updated and accurate risk profile for institutions.
• Prepares reports and recommendations relating to intervention levels and actions to address deficiencies.
• Prepares supervisory letters and monitors financial institutions to ensure implementation of corrective actions and compliance with relevant governing regulations and supervisory requirements.
• Manages stakeholder relationships including institution senior management and board members.
• Monitors and evaluates macro-economic, sector and regulatory developments, policies, and statistics to determine the impact on provincially regulated financial institutions.
• Contributes to practice development and regulatory best practices.
• 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

• Knowledge of British Columbia’s supervisory framework governing regulated financial sectors.
• Knowledge of financial analysis techniques.
• Knowledge of risk management principles and methods.
• Ability to manage projects.
• Ability to exercise judgement, initiative, and discretion.
• Ability to analyze business plans and financial statements.
• Superior oral and written communication skills.

EDUCATION

• Degree in business administration, statistics, or economics and several years of related experience or an equivalent combination of education and experience.
• Related experience includes:
• Financial analysis
• Internal/external audit
• Risk management
• Interpreting and applying legislation, regulations, and/or policy
• Preference may be given to applicants with Industry experience in at least one of insurance, credit union, banking, trusts, or related industries.

Please refer the Job description for details