BC Financial Services Authority (“BCFSA”) is a Crown regulatory agency of the Government of British Columbia. BCFSA oversees the financial services sector which includes pension plans, mortgage brokers, real estate services, real estate development marketing, and financial institutions (credit unions and insurance and trust companies). BCFSA also administers the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”).
This is an exciting time to be joining the team at BCFSA as they look to build, refine and execute on their strategy. The mandate of BCFSA is to protect the rights of British Columbians by promoting high standards of market conduct within the financial services sectors they regulate. As a modern, effective, and efficient regulator, they are committed to providing oversight that ensures fair, transparent processes that benefit the public. They provide the information and guidance necessary to enable industry participants to comply with legislative requirements and best practices.
Reporting directly to the Senior Vice President Supervision, the VP Supervision is responsible for developing and implementing a new strategic approach focused on integrating credit union and FI market conduct supervisory practices. This is an extraordinary opportunity to play an integral part in proactively shaping a regulatory framework in Prudential Supervision and elements of Consumer Protection that will enable BCFSA and market participants to respond more effectively to the dynamic changes occurring in the marketplace, and to develop and implement structures and processes to enhance financial services regulation and public protection.
Success in this groundbreaking and newly created role will require a well-rounded, knowledgeable financial services executive with a decisive leadership style in both strategy and execution. The VP Supervision will have superior communications skills and the drive/energy to set a vision and lead its execution in a fast moving, fluid and evolving environment. They will understand the financial services landscape in Canada from a macro view and be able to build, refine and execute on an ambitious and proactive strategy.
This role requires an entrepreneurial leader who is comfortable working through ambiguity and can successfully drive dynamic culture change. As BC’s regulatory environment continues to evolve, the priorities of this role may shift somewhat and will require an agile and flexible leader as the incumbent. The ideal candidate will be goal driven, flexible with an innovative mindset and the ability to grow long term with the organization.
BCFSA regulates credit unions, trust companies, insurance companies, pension plans, mortgage brokers and real estate professionals, ensuring financial services transactions are protected, for the prosperity of consumers and the province of B.C.