JOB PROFILE
Position # 00008019, 00009303, 00008011, 00047568,
00008016, 00009304, 00048848
TITLE: SENIOR SUPERVISOR
CLASSIFICATION: BUSINESS LEADERSHIP
MINISTRY: FINANCE, FINANCIAL INSTITUTIONS COMMISSION
WORK UNIT: FINANCIAL INSTITUTIONS DIVISION
SUPERVISOR TITLE: MANAGING DIRECTOR
SUPERVISOR POSITION #: 104789
PROGRAM
The Financial Institutions Commission (“FICOM”) regulates the pension, financial services and real estate
industries in British Columbia. This regulation is designed to protect the public against the insolvency of
financial institutions, prevent improper market conduct in the financial services and real estate sectors,
provide deposit insurance for members of B.C. credit unions and ensure the solvency of pension funds.
The Financial Institutions Division (“FID”) is responsible for the administration and enforcement of the
following statutes:
• Credit Union Incorporation Act
• Financial Institutions Act
• Insurance Act
• Insurance (Captive Company) Act
• Insurance (Marine) Act
Under these statutes, FID administers a system of regulatory rules governing prudential and market conduct
of credit unions, trust companies, insurance companies, captive insurance companies and other entities.
These regulatory rules are designed to protect depositors against insolvency of a trust company or a credit
union, to safeguard consumers against the improper marketing of financial products and services, to identify
institutions with unsafe business practices or unsatisfactory financial trends, provide an operating framework
(supervision and administration) to deal with credit unions which are experiencing financial difficulties, and to,
in unsatisfactory situations, initiate remedial action before the possibility of a claim on the credit union
deposit insurance fund.
JOB OVERVIEW
The Senior Supervisor undertakes analysis and assessment of the risk profile and risk management practices of
provincially regulated financial institutions; and participates in on-site reviews of larger more complex
institutions and may be designated the relationship manager for a number of institutions.
The Senior Supervisor is subject to a periodic job rotation to other business leadership positions in FID.
ACCOUNTABILITIES
Required:
•
Supervises provincially regulated financial institutions to determine whether they are in sound financial
condition and complying with their governing law and supervisory requirements;
•
Promptly advises institutions in the event there are material deficiencies and take, or require
management or boards to take necessary corrective measures expeditiously;
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•
Participates in on-site reviews of larger and more complex institutions, including identifying significant
activities, assessing inherent risks associated with those activities and assessing risk management
control functions;
•
If designated the relationship manager for a number of institutions:
o maintains an up-to-date risk assessment of the designated institutions;
o Serves as the main point of contact for the designated institutions; and
o Prepares a supervisory strategy for each the designated institutions, that includes examining and
monitoring its financial condition, the effectiveness of oversight and control functions and
following up on corrective actions;
•
Monitors and evaluates system-wide or sector issues that may impact institutions negatively;
•
Works with Supervisory Support area in advancing and administering a regulatory framework that
promotes the adoption of policies and procedures designed to control risks; and
•
Assists with the leadership of a professional team in the development, implementation, and
maintenance of a risk-based framework for regulating provincially regulated financial institutions.
JOB REQUIREMENTS
•
Degree in a field related to business, finance, law or equivalent.
•
Demonstrated experience in risk management or regulatory work in the financial services sector.
•
Knowledge of financial analysis techniques and business operational procedures.
•
Knowledge of insurance, banking or sound business practices as they apply to financial institutions.
•
Ability to write clear and concise documentation, reports, briefing notes, etc.
•
Understanding of computer based automated reporting and database management.
•
Successful completion of security screening requirements of the BC Public Service, which may include a
criminal records check, and/or Criminal Records Review Act check, and/or enhanced security screening
checks as required by the ministry.
BEHAVIOURAL COMPETENCIES
Analytical Thinking is the ability to understand a situation by breaking it apart into smaller pieces, or tracing
the implications of a situation in a step-by-step way. Analytical thinking includes organizing the parts of a
problem, situation, etc. in a systematic way; making systematic comparisons of different features or aspects;
setting priorities on a rational basis; identifying time sequences, causal relationships or if-then relationships.
Makes Complex Plans or Analyses
•
Uses several analytical techniques to break apart complex problems into component parts.
•
Uses several analytical techniques (e.g., risk assessment, building business cases) to identify several
solutions and weighs the value of each.
Information Seeking is driven by an underlying curiosity and desire to know more about things, people or
issues. It implies going beyond the questions that are routing or required in the job. It includes “digging” or
pressing for exact information; resolution of discrepancies by asking a series of questions; or less-focused
environmental “scanning” for potential issues or miscellaneous information that may be of future use.
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Does Research
•
Makes a systematic effort over a limited period of time to obtain needed data or feedback, or in-depth
investigation from unusual sources; or does formal research through newspapers, magazines,
computer search systems, or other resources.
•
This may include legal, financial and or/community research.
Building Partnerships with Stakeholders is the ability to build long-term or on-going relationships with
stakeholders (e.g. someone who shares an interest in what you are doing). This type of relationship is often
quite deliberate and is typically focused on the way the relationship is conducted. Implicit in this competency
is demonstrating a respect for and stating positive expectations of the stakeholder.
Develops Partnerships
•
Develop partnerships and maintains strategic relationships and partnerships based on an in-depth
knowledge and understanding of each other's roles.
Commitment to Continuous Learning involves a commitment to think about the ongoing and evolving needs
of the organization and to learn how new and different solutions can be utilized to ensure success and move
the organization toward.
Keeps Current with Business/Organizational Changes
•
•
Stays current in a demanding and changing business/organizational environment with new
approaches, tools, methods and/or technologies that may impact the business.
Quickly assimilates and understands a constant stream of new information.
Results Orientation is a concern for surpassing a standard of excellence. The standard may be one’s own past
performance (striving for improvement); an objective measure (achievement orientation); challenging goals
that one has set; or even improving or surpassing what has already been done (continuous
improvement). Thus, a unique accomplishment also indicates a Results Orientation.
Service Orientation implies a desire to identify and serve customers/clients, who may include the public, coworkers, other branches/divisions, other ministries/agencies, other government organizations, and nongovernment organizations. It means focusing one’s efforts on discovering and meeting the needs of the
customer/client.
Teamwork and Co-operation is the ability to work co-operatively within diverse teams, work groups and
across the organization to achieve group and organizational goals. It includes the desire and ability to
understand and respond effectively to other people from diverse backgrounds with diverse views.
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