Experience

Financial Services Regulatory Authority of Ontario (FSRA)

• Canada
• Financial Services
• 400 - 500 Employee

• Market Intelligence Consultant(A)

  • Jul 2022 - Present

  Toronto, Ontario, Canada Conducting regulatory research and analysis, including providing advice and policy options to senior management on regulated matters; Collaborating with the Policy Team to develop industry guidance; Collaborating with both internal and external industry working groups to address emerging and consumer issues in the regulated sectors; Providing regulatory expertise though the review and assessment of industry practices; Providing policy recommendations to senior executive through the conduct of… Show more Conducting regulatory research and analysis, including providing advice and policy options to senior management on regulated matters; Collaborating with the Policy Team to develop industry guidance; Collaborating with both internal and external industry working groups to address emerging and consumer issues in the regulated sectors; Providing regulatory expertise though the review and assessment of industry practices; Providing policy recommendations to senior executive through the conduct of jurisdictional regulatory scanning and sound analysis; Collaborating with the Policy Team in the development of impact assessment report stemming from the review of jurisdictional matter; and providing assistance to the Policy team in the review/preparation of industry and/or jurisdictional reports.

• Senior Compliance Officer

  • Nov 2011 - Jul 2022

  Toronto, Ontario, Canada Leading and/or conducting examinations of submissions and related audit documents from financial institutions to determine compliance with statutory requirements, to assess financial solvency and market conduct, and to recommend action to Senior Managers. Leading and/or conducting field examinations, market conduct reviews, audits and inspections of financial institutions and intermediaries to review and analyze financial documents, computerized accounting systems, organizational financial… Show more Leading and/or conducting examinations of submissions and related audit documents from financial institutions to determine compliance with statutory requirements, to assess financial solvency and market conduct, and to recommend action to Senior Managers. Leading and/or conducting field examinations, market conduct reviews, audits and inspections of financial institutions and intermediaries to review and analyze financial documents, computerized accounting systems, organizational financial policies and business practices, internal financial system controls, and market conduct processes in order to assess the compliance to industry/regulatory standards and to determine adequacy of operations; Meeting with senior company management, directors and auditors to discuss the examination findings related to identified areas of non-compliance with legislation and to review other concerns and proposals. Providing information and interpretation related to legislation and industry standards requirements and specific compliance issues. Determining requirements for enforcement action (e.g. compliance orders) to initiate the development and implementation of appropriate remedial measures by the financial institution in order to meet legislative requirements/industry standards.Preparing detailed and comprehensive examination reports outlining the examination methodology, analysis and results including an assessment of the financial institution’s future viability and market conduct, and recommendations to Senior Management related to enforcement action, as required. Communicating remedial action requirements to institutional management related to the areas of concerns identified during the examination. Determining and recommending referral of files to other branches and jurisdictions for action as required.

• Project Lead Implementation

  • Jan 2013 - Mar 2014

  Toronto, Ontario, Canada Developing an Annual Information Return framework for a regulated sector. Developing the examination framework for a regulated sector.

• Team Lead Manager

  • Jan 2012 - Mar 2014

  Toronto, Canada Area Managing the delivery of the pension examination programs and supervision of Senior Compliance Officers who were conducting pension examinations. Providing pension operations program advice and information to department senior management and staff in response to day to day operational matters and makes recommendations for problem resolution and improved procedures for the delivery of programs. Assigning pension examinations to professional staff, reviewing and approving staff's examination… Show more Managing the delivery of the pension examination programs and supervision of Senior Compliance Officers who were conducting pension examinations. Providing pension operations program advice and information to department senior management and staff in response to day to day operational matters and makes recommendations for problem resolution and improved procedures for the delivery of programs. Assigning pension examinations to professional staff, reviewing and approving staff's examination reports. Ensuring that quality control and performance metrics with respect to pension examinations were adhere to. Coordinating pensions examinations between several units. Providing training to professional staff.

• Project Lead and Development Initiative

  • Mar 2010 - Mar 2014

  Toronto, Ontario, Canada Conducting research, developing and proposing to senior management a market intelligence tool for gathering critical and pertinent information for a given regulated sector to: Establish a risk profile for each market participants of this sector; Establish a baseline to compare market conduct behavior and best practices in the marketplace; Assess the degree of market participants' compliance with the legislation and best practices; Monitor market participants' market conduct behaviors in the… Show more Conducting research, developing and proposing to senior management a market intelligence tool for gathering critical and pertinent information for a given regulated sector to: Establish a risk profile for each market participants of this sector; Establish a baseline to compare market conduct behavior and best practices in the marketplace; Assess the degree of market participants' compliance with the legislation and best practices; Monitor market participants' market conduct behaviors in the marketplace with the objective of identifying risk to consumers; Understand risk-based marketing/distribution practices; Assess the risk of products sold to consumers; Assess the risk to consumers in market participants ’ governance practices; Develop risk-based warning indicators, and Help with the implementation of a principles-based approach to regulation

• Principal Examiner

  • Mar 2000 - Nov 2011

  Toronto, Ontario, Canada Conducting effectively prudential reviews of deposit taking financial institutions (DTFI). Supervising effectively a portfolio of DTFIs, maintaining effective relationships with DTFIs' senior managers. Presenting prudential examination reports effectively to DTFI's board of directors.

• Pension Officer

  • Mar 1999 - Mar 2000

  Toronto, Ontario, Canada Administering pension plans which were registered with the regulatory authority; Consulting with plan sponsors and pension specialists to resolve questions of regulatory compliance; Analyzing financial, legal and actuarial pension documents such financial statements, actuarial evaluations, plan texts and collective agreements; Working with pension policies and legislation involving the administration of pension plans; Examining, analyzing, and interpreting complex documentation related to… Show more Administering pension plans which were registered with the regulatory authority; Consulting with plan sponsors and pension specialists to resolve questions of regulatory compliance; Analyzing financial, legal and actuarial pension documents such financial statements, actuarial evaluations, plan texts and collective agreements; Working with pension policies and legislation involving the administration of pension plans; Examining, analyzing, and interpreting complex documentation related to pension plans

• Enforcement Officer

  • Aug 1998 - Mar 1999

  Toronto, Ontario, Canada