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Senior Risk Analyst

Hybrid
Senior Level
Full-Time

Top Benefits

Healthy living and work-life balance
Comprehensive health and wellness benefits plan
Opportunities for personal and professional development

About the role

Job Summary BC Financial Services Authority (BCFSA) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. ’s financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province. BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes Indigenous Peoples, women, visible minorities, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA. We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to: • Hiring team members who represent the population we serve; • Removing barriers that may prevent equitable employment; and • Supporting respectful work environments where everyone feels included and able to produce excellent results. BCFSA is proud to be selected as one of BC's Top Employers (2025) in recognition of our competitive compensation, work-life balance, and progressive programs.

WHAT WE OFFER: When you join us, you become part of a high-performing team. Here, each Team Member can bring their unique talent to make outstanding contributions as we work towards the common goal of protecting British Columbians during the most important financial transactions in their lives. We offer: • Healthy living and work-life balance • Comprehensive health and wellness benefits plan • Opportunities for personal and professional development • Competitive compensation • A challenging and engaging team environment • Defined benefits pension plan • Our team members enjoy the flexibility of a hybrid work model. They can choose every day where they want to work to be the most effective, from the comfort of their home to our beautiful office in downtown Vancouver. (Eligibility may vary, depending on position).

SUMMARY This position performs advanced financial, governance and operational risk analysis of an assigned portfolio of complex pension plans, and supports the Manager, Pensions in executing the risk-based supervisory framework for the purposes of maintaining a current and accurate risk profile for each plan, and supervisory interventions across the pension system.

This posting may be utilized to fill multiple vacancies.

ACCOUNTABILITIES Analyses high complexity pension plans to determine whether they are in sound financial condition and compliant with the Pension Benefits Standards Act and regulatory direction of the Superintendent. Prepares and maintains a supervisory plan for each assigned pension plan and contributes to the branch’s development and execution of a consolidated provincial supervisory plan to monitor, examine, and prioritize intervention activities. Supports the development, maintenance, and refinement of consolidated supervisory plans by identifying emerging risks, trends, and systemic issues. Identifies emerging risks and issues at the plan, segment, and system level and escalates findings with evidence‑based recommendations. Leads and/or conducts on-site examinations of select pension plans and encourages voluntary compliance or takes actions to encourage compliance. Provides subject‑matter expertise on complex files under Manager oversight, including actuarial, funding, governance, and investment risk matters. Recommends and provides advice on intervention options that mitigate significant risks occurring within the assigned portfolio. Maintains constructive working relationships with plan administrators and advisors, escalating sensitive, contentious, or reputational matters to the Manager. Responds to enquiries from the public and industry stakeholders related to the assigned pension portfolio. Works with other regulators to develop common responses to areas of risk and compliance that may affect BC members. Develops technical analysis, briefing notes, correspondence, and information material for internal and external audiences. Contributes to research studies, special projects and presentations, and stakeholder engagements. Contributes to the team’s development of internal work practices (e.g., policies, procedures and tools). Acts as a technical resource and mentor to other analysts and provides orientation and training to internal and/or external stakeholders within area of responsibility. Contributes to, participates in, and supports organizational business transformation initiatives.

JOB REQUIREMENTS Minimum of 5–6 years of progressively responsible experience in financial analysis, risk assessment, pension administration, or a related field. Knowledge of content, interpretation, and application of the Pension Benefits Standards Act/Regulations. Knowledge of the methods and procedures involved in the administration of pension plans and pension administration. Knowledge of pension funding and investment policies, and methodologies to evaluate and conclude on related risks. Knowledge of financial analysis techniques and business operational procedures. Knowledge of risk management principles and methods. Ability to analyze complex, ambiguous issues and provide clear, evidence‑based recommendations to senior decision‑makers. Ability to exercise judgement, initiative, and discretion. Ability to influence stakeholders to comply with legislation regulations and policies. Ability to work with a high degree of independence while exercising sound judgment on escalation. Superior oral and written communication skills.

EDUCATION Degree in business, pension investment/asset management, accounting, actuarial science, or economics and considerable directly related experience or, an equivalent combination of education and experience.

RELATED EXPERIENCE Related experience includes: Analyses or examinations in the financial services, benefits administration or pension investment services sectors Interpreting and applying legislation, regulations, and/or policy

Preference may be given to applicants with Industry experience in the following areas: pension plan investment or actuarial management, consulting and/or pensions administration.

CERTIFICATIONS Preference may be given to applicants with relevant professional qualifications: FSA, FCIA, CEBS, FRM, CFA, CAIA, LLB/JD and/or CPA.

PROVISOS Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province. Internal candidates are kindly requested to use their BCFSA email address when applying for this position. This will help us identify and streamline the internal application process.

Hiring Process Accommodation BCFSA wants to ensure every job applicant is treated fairly and with respect and encourages applications from all candidates, including those with diverse abilities. We welcome you to inform us confidentially if you may require any special support in the application process, including disability accommodation, in order to participate fully in our recruitment experience. Email us at careers@bcfsa.ca to notify us of any needs related to your job application.

About BC Financial Services Authority

Government Administration
201-500

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. Through modern, effective, efficient oversight, enforcement and guidance, we are working to make B.C. a place where people can have confidence in the financial services they receive.

We protect British Columbians during the most important financial transactions in their lives.

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