FSRA is guided by our vision of financial safety, fairness and choice for Ontarians. We achieve this by public service through dynamic, principles-based and outcomes-focused regulation. FSRA is committed to attracting and retaining exceptional people who bring energy, expertise, and experience. This includes providing a comprehensive total rewards package that looks beyond compensation and takes into consideration those things that are important to employees:
High employee engagement scores with opportunity for growth, learning and development
Flexibility with a hybrid work model in an office designed for collaboration
Competitive benefits plan, including a Defined Benefit pension plan
Promoting wellness and fostering an inclusive environment where all employees feel valued and respected
Culture of giving back to our communities through charitable activities
PURPOSE OF POSITION
Accountable for implementing, maintaining, risk analysis/application, and reporting related to a suite of risk assessment tools for financial institutions in supporting of overall regulatory risk management and Risk Assessment strategy within CUIP.
Implementing and maintaining various risk assessment tools (e.g. Early Warning System, Decision Support Tool, Significant Activities and Inherent Risk Assessment, etc) for financial institutions regulated by FSRA in support and implementation of Risk-Based Supervisory Framework (RBSF).
Data management of inputs required for the risk assessment tools: data management includes but is not limited to, procuring, cleaning and maintaining business intelligence, financial and other regulatory information requested/submitted by financial institutions.
Regularly updating risk assessment tools based on newly available information.
Performing regular analysis of outputs of risk assessment tools: finding patterns and drivers
Preparing qualitative and quantitative reports to support supervisory reviews, assessments (e.g., RBSF), and decision-making activities (e.g., policy changes, Guidance Notes, Industry Advisories etc.).
Developing, producing and supporting standardized internal reports and reporting templates.
Supporting the development of risk assessment, monitoring and stress testing tools and methodologies.
Conducting and maintaining comprehensive risk assessment for financial institutions based on pre‐scribed factors, related to commercial and retail credit, market, structural, liquidity, operational, and strategic risk, and identifying the impact of emerging risks as trends as well as providing an action plan for further monitoring and follow up.
Education and Experience
Degree in information management, data science, science, math, engineering, computer science, economics, finance or other quantitative disciplines.
Knowledge of financial risk analysis and assessment methodologies and techniques.
Experience with regression, analytics, and visualization technologies and tools to manipulate large data sets to analyze, test, validate, visualize, and report data (e.g., SQL scripting, SQL Server Reporting Services, PowerBI Report Server, Python, Dataiku, R, Tableau).
Risk, financial and business analysis skills to analyze complex financial institutions.
Familiarity with Regulatory rating models such as CAMEL, CAMELSC or alternatives.
Strong analytical and data management skills with the ability to collect, organize, analyze, and disseminate significant amounts of information.
Working knowledge of legislation and ability to interpret and apply legislation and regulations in a regulatory environment.
Skills in MS Excel, MS Access, SQL, Python, PowerBI or other data visualization solutions considered a strong asset.
Oral communication and interpersonal skills to provide risk analysis expertise.
Written communication skills to prepare comprehensive risk analysis and assessment reports.
Job Posting End Date:
Job postings close at 11:59pm on the date noted.
Job Code: 5A001F
Scheduled Weekly Hours:
FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.
NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED