Senior Compliance Officer

At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we’re passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry.
 

Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs.
 

At FSRA, we invest in the personal and professional growth of our team.  We offer a competitive compensation package that includes an employer-matched defined benefit pension plan, and a comprehensive and competitive benefits plan. We prioritize learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving.
 

Join FSRA and help us shape the future of regulation for generations to come!

Job Description:

*This Posting is for Two (2) Fixed Term Full Time Roles - One (1) up to the end of September 2027, One (1) up to the end of November 2026.*

OVERVIEW OF ROLE

As a member of the Property & Casualty team, you will apply your knowledge and experience with financial institutions to perform compliance examinations, field inspections, desk reviews and other supervisory activities of entities regulated by FSRA.

KEY RESPONSIBILITIES

• Leading and/or performing on-site, desk, thematic or supervisory reviews to assess Property & Casualty conduct risks, which may include corporate governance structures, policies and procedures, business and codes of conduct, compliance with FSRA legislation and regulations, and the viability of business operations and standards.

• Monitoring and controlling the examination and project processes for quality and progress, issues resolution and achievement of deliverables.

• Providing technical advice, information and guidance to financial institutions, and information to the public and to industry representatives regarding the interpretation and application of Property & Casualty compliance legislation, regulations, policies and business standards.

• Recommending actions to address non-compliance and/or ability to influence regulated entities for the implementation of best practices.

• Preparing identified files for referral to FSRA’s Case Management Committee for escalated enforcement action as required.

• Providing input to procedures, processes and standards, supervisory plans including their development and to new or proposed revisions to legislation and policies.

• Contributing to internal or external communications (e.g. reports to industry, consumer messages) relating to compliance, interpretation and application of regulatory requirements.

• Responding to escalated phone inquiries and occasionally handling complaint files as assigned.

QUALIFICATIONS

Specialized Knowledge and Experience

• Demonstrated knowledge of, and expertise in examinations, reviews, analysis and assessment principles, practices and regulatory tools and techniques

• Knowledge of applicable laws and regulation is an asset

• Compliance or internal audit work at financial institutions is an asset

• Demonstrated knowledge of internal audit theory, risk-based regulatory practices, principles, standards and techniques, and industry audit standards and approaches

• Advanced financial analysis skills is an asset

• Knowledge of the financial services industry, business operations, risk management processes and internal controls framework as well as current developments in a regulated financial services sector

• Knowledge of developments in national and international financial services regulatory standards

Skills

• Demonstrated knowledge of P&C insurance, including experience in one or more of the following areas: Statutory Accident Benefits Schedule (SABS) claims handling, Sales and Distribution or Underwriting is considered an asset

• Ability to plan, lead and execute on projects/engagements

• Ability to interpret and apply legislation in support of Property & Casualty reviews, assessments and findings

• Ability to collaborate with FSRA business partners and stakeholders

• Demonstrated research, risk assessment, analytical, problem-solving skills

• Proficiency in data analysis, visualization, and reporting using Power BI and Microsoft Excel, with the ability to synthesize and interpret complex information

• Strong presentation and communication skills, including using Microsoft PowerPoint to translate data and analysis into clear, actionable insights for diverse audiences

• Proven superior written and verbal communication skills

• Demonstrated customer service, consultation, and stakeholder relationship management skills

• Travel in Ontario may be required

Please note that this position will close at 12AM on the closing date.

Compensation Grade:

Grade 229-OPSEU ADM

Compensation Range:

$1,593.14

-

$2,045.58

Bargaining Unit:

OPSEU

Job Code:

Job Code: 20209

Employment Type:

Fixed Term (Fixed Term)

Scheduled Weekly Hours:

36.25