Ontario Public Service Careers - Job Preview
Apply By: Monday, October 28, 2013 11:59 pm EDT Print this pagePRINT

Competition Status: Posting Closed

The total number of applications is not available because applications were not received online.

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Thank you for your interest in the Ontario Public Service.

Organization:    Financial Services Commission
Division:    Licensing and Market Conduct Division
City:    Toronto
Job Term:    3 Permanent, 2 Temporary
Job Code:    20209 - Financial Officer 5 (B/U)
Salary:    $1,328.03 - $1,705.17 Per Week*
Posting Status:    Open
Job ID:    57826

The Financial Services Commission of Ontario (FSCO) is seeking individuals with exceptional operational experience, analytical skills, and sound knowledge of market conduct and financial analysis principles and methodologies to lead and participate in market conduct field examinations (audits), financial assessment and reviews of financial institutions and licensed intermediaries in order to assess consumer protection and legislative compliance in all sectors regulated by FSCO.

What can I expect to do in this role?

As a Senior Compliance Officer, you will:
• Lead a compliance examination team and/or independently perform desk reviews or on-site market conduct examinations of financial service entities from FSCO regulated sectors, which includes insurance (life & health, property & casualty), mortgage broking, pension plans, credit unions and caisses populaires, cooperative corporations, and loan and trust companies;
• Provide project management and team leadership on specific desk reviews or on-site market conduct examinations of financial service entities regulated by FSCO, ensuring workplan objectives and timelines are met;
• Provide information, technical advice and guidance to the public, financial institutions and intermediaries related to the interpretation and application of market conduct or prudential compliance requirements of FSCO legislation, regulations, policies and business standards in Ontario.

How do I qualify?

Knowledge and/or working experience in operational areas within financial service sectors/industries that are regulated by FSCO:
• proven excellent knowledge of risk based regulatory principles, standards and techniques within a financial services environment;
• proven excellent knowledge and experience in performing detailed business analysis and financial analysis of financial service sectors/industries;
• proven knowledge and experience of operations of financial service sectors/industries.

Excellent knowledge and experience in internal audit, external audit, risk management and/or regulatory compliance functions. An understanding of the principles and practices of risk-based regulation and conducting market conduct assessments:
• Extensive knowledge and/or experience within an external or internal audit function, or similar role;
• proven knowledge and experience in conducting audit, risk management and/or regulatory compliance methodologies, practices and/or procedures;
• proven knowledge and experience of risk based methodology and the ability to apply this in a regulatory setting;
• proven experience in conducting market conduct reviews, risk analysis and assessments.

Superior team leadership, project management, research, analytical and organizational skills, and the ability to interpret legislation and policy:
• demonstrated ability to work independently or as part of cross-functional teams relating to different compliance and/or supervisory activities;
• proven project management and team leadership skills in a compliance and/or examination setting, both when working independently or in a team environment;
• demonstrated ability to multi-task and work on multiple projects and/or activities relating to different financial service sectors/categories;
• proven superior research, investigative and assessment skills to research routine, unique and complex compliance issues, receive inquiries and in response gather related information/data from a broad range of sources;
• proven skill/experience in analyzing information and preparing comprehensive case reports;
• proven experience in making sound analytical assessments, decisions and recommendations;
• proven organizational skills and the ability to make timely independent decisions in a high volume and fast paced work environment;
• proven ability and experience in interpreting legislation and policies related to the regulation of FSCO regulated financial service sectors/industries.

Superior communication skills, ability to exercise excellent judgment and provide effective customer service:
• demonstrated superior knowledge and skills of effective oral and written communication principles and methods;
• proven superior customer service and consultation skills with experience in effectively responding to inquiries from consumers, licensees, stakeholders and other parties;
• proven skills in exercising excellent judgment, based on sound principles/facts;
• demonstrated superior knowledge of writing and editing principles, practices, styles and techniques in preparing detailed analytical reports, briefing notes, complex correspondence and draft processes/procedures.

Note: The number of positions to be filled has not been identified at this time. This competition will be used to create an eligibility list of qualified candidates to fill upcoming opportunities within the next eighteen months following the closing date of the job ad posting.

Additional information:

  • 3 Permanent, 5160 Yonge St, Toronto, Toronto Region
  • 2 Temporary, duration up to 18 months, 5160 Yonge St, Toronto, Toronto Region
Compensation Group:   Ontario Public Service Employees Union
Schedule:   6
Category:   Finance and Economics
Posted on:   Friday, October 4, 2013
All external applicants (including former employees of the Ontario Public Service) applying to a competition in a ministry or Commission public body must disclose (either in the cover letter or resume) previous employment with the Ontario Public Service. Disclosure must include positions held, dates of employment and any active restrictions as applicable from being rehired by the Ontario Public Service. Active restrictions can include time and/or ministry-specific restrictions currently in force, and may preclude a former employee from being offered a position with the Ontario Public Service for a specific time period (e.g. one year), or from being offered a position with a specific ministry (either for a pre-determined time period or indefinitely). The circumstances around an employee's exit will be considered prior to an offer of employment.
Remember: The deadline to apply is Monday, October 28, 2013 11:59 pm EDT. Late applications will not be accepted.

We thank you for your interest. Only those selected for further screening or an interview will be contacted.

Job advertisements for positions that have been designated bilingual will be provided in both English and French on the website. Positions that are not designated bilingual are not translated and are displayed in English only on both the English and French versions of the website.

Les annonces d'emploi pour les postes désignés bilingues sont publiées en anglais et en français sur le site Web. Les annonces pour les postes qui ne sont pas désignés bilingues ne sont pas traduites et elles figurent en anglais seulement, tant dans la version française que dans la version anglaise du site.

The Ontario Public Service is an inclusive employer.
Accommodation is available under the Ontario Human Rights Code.

Note: The only website where you can apply on-line for positions with the Ontario Public Service is http://www.gojobs.gov.on.ca

*Indicates the salary listed as per the OPSEU Collective Agreement.
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