Manager, Pensions

Manager, Pensions

VACANCY

MANAGER, PENSION

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance and Private Pensions and Trust and Corporate Services providers for the protection of their users, thereby enhancing public confidence through the efforts of a competent workforce. 

We are seeking individuals who are self-directed, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Pensions Manager.

Position Summary:

The Manager, Pensions, is responsible for the development and administration of supervisory programs in accordance with the Pensions Act and Regulations. The Manager ensures that registrants and licensees under the Act are effectively supervised, balancing the interests of both the industry and the public.  The functions include anticipating trends in the sector, detecting signs of financial weakness or non-compliance in pension plans, investment managers, administrators, trustees and other regulated individuals/entities and taking actions to alleviate or minimize the risks.

 Key Responsibilities:

• Administer and monitor the day-to-day activities performed by the Analysts, Senior Analysts and Senior Analyst Special Projects.
• Develop the Division’s balanced scorecard and related targets.
• Assist in the completion of industry-specific projects within the specified timelines.
• Monitor and evaluate performance and develop and execute the necessary interventions.
• Develop and participate in the execution of public education activities, inclusive of pension financial literacy programs.
• Ensure effective monitoring of the operating activities, related risks and financial health of pension funds, investment managers and administrators in order to protect the public interest.
• Prepare the Division’s budget.
• Assist the Senior Pensions Director in the management of the Division and act as head of the Division in the absence of the Senior Director of Pensions.
• Identify potential financial problems and statutory compliance and assist in determining appropriate action to be taken to correct the problems and directs FSC’s programs to accomplish them.
• Review reports on filings and applications for compliance with statutory/regulatory requirements by utilizing a balanced and informed exercise of statutory discretion and recommends action by appropriate FSC areas to correct non-compliance.
• Provide the FSC with continuing expertise and information on developments with respect to legislative policy and problems; and concerns and issues arising from the pensions sector.
• Conduct staff orientation and developing and executing structured training sessions.
• Conduct continuing research on regulatory practices in other jurisdictions as well as new developments in regulatory techniques.
• Make recommendations to the Senior Director on decisions required to correct irregularities or reduce risks. 
• Conduct or participate in divisional meetings to review developing issues and reach consensus on speedy solutions.
• Finalize and present industry Reports for consideration by the Executive/Board within the specified timelines.
• Prepare annual schedule of vacation leave for review of the Senior Director, Pensions.
• Conduct staff performance appraisal sessions.
• Facilitate preparation of material on behalf of the Division as inputs into the public awareness Program.

Candidates must possess the required education, knowledge and skills:

• Master’s degree in Finance, Economics or related field.
• Certifications and/or qualifications in Actuarial studies, Certified Financial Analyst, Financial Risk Manager would be a distinct asset.
• At least 7 years’ relevant work experience in a comparable position and business/work environment such as: insurance, pensions or securities regulatory institution or the financial services industry.
• Three (3) years supervisory experience in a professional work environment.