Risk and Financial Analyst, Insurance and Trust Supervision

BC Public Service

Ministry of Finance - FICOM

Surrey, Vancouver

 

Risk and Financial Analyst, Insurance and Trust Supervision 

Salary $63,200.00 - $87,600.00 annually

The Financial Institutions Commission (FICOM) regulates the financial services and pension sectors in British Columbia. This regulation is designed to protect the public against the insolvency of financial institutions and pension funds, prevent improper market conduct by financial institutions and their intermediaries, and provide deposit insurance for members of BC credit unions and to ensure solvency of pension funds. The Insurance and Trust Department, in the Financial Institutions Division, is responsible for the administration and enforcement of the Financial Institutions Act and Insurance Act. Under these statutes, the department administers a system of regulatory rules governing prudential and market conduct of provincially regulated insurance and trust companies.

The Risk and Financial Analyst (Supervisor) works with a team of other professionals across FICOM to examine, monitor and assess the financial soundness, business strategies, and risk profile of provincially regulated insurance and trust companies. This is a challenging analytical position in a dynamic regulatory environment, tasked with monitoring and evaluating sector issues that impact institutions negatively and with the advising and overseeing of timely corrective measures. Providing sound direction and leadership, you work with other teams in advancing and administering an effective regulatory framework that promotes the adoption of risk management policies and procedures. If you are a progressive and innovative business professional with comprehensive knowledge of financial analysis and risk management techniques, consider this exceptional career opportunity.

Qualifications for this role include:

  • Post-secondary degree in a field related to business, finance, economics or equivalent;
  • A minimum of 1 year demonstrated insurance and/or trust industry experience in conducting internal or external audits of insurance/trust entities, financial analysis, actuarial valuations, processing claims, insurance underwriting, risk management assessments or asset management.
  • An equivalent combination of education, experience and training may be considered.

    Preference may be given to applicants that have: