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Principal Licensing Consultant

2 months ago


Vancouver, British Columbia, Canada BC Financial Services Authority Full time

Position Title: Senior Licensing Specialist
Department: Education & Licensing
Employment Type: Full Time
Job Classification: Permanent
Location: Vancouver
Work Arrangement: Hybrid
Salary Range: $87, $136,815.00

Overview
The BC Financial Services Authority (BCFSA) is dedicated to safeguarding the financial well-being of British Columbians during significant financial decisions. Our organization oversees the financial services sector in British Columbia, which encompasses credit unions, real estate professionals, registered pension plans, insurance and trust companies, and mortgage brokers. Through effective and efficient regulatory practices, we ensure consumer protection by establishing and enforcing standards across the sector, contributing to the province's economic prosperity.

BCFSA is committed to being an equal opportunity employer, encouraging applications from diverse groups, including Indigenous Peoples, women, visible minorities, individuals with disabilities, and members of the LGBTQ2S+ community. We value unique perspectives and creativity that foster a respectful, inclusive, and collaborative workplace.

What We Provide:
Joining our team means becoming part of a high-performing group where each member can leverage their unique skills to make meaningful contributions. We offer:

  • A focus on healthy living and work-life balance
  • Comprehensive health and wellness benefits
  • Opportunities for both personal and professional growth
  • Competitive salary packages
  • A stimulating and engaging team environment
  • A defined benefits pension plan ensuring guaranteed income for life
  • Flexible work arrangements for eligible roles
  • The option for a hybrid work model, allowing team members to choose their work environment for optimal productivity.

Role Summary
This position entails overseeing the processing of applications and conducting compliance reviews for complex licensing applications pertaining to regulated entities in real estate and mortgage brokerage. The focus is on evaluating the suitability of applicants for licensing. The role involves leading inquiries, investigations, and reporting related to applicant suitability while enhancing due diligence efforts. Additionally, the position contributes to the development of processes related to licensing applications and recommends improvements to practices, procedures, and reporting standards.

Key Responsibilities

  • Oversee the evaluation of applications and related documents to ensure the quality and integrity of the information provided.
  • Identify discrepancies and irregularities in submissions, recommending appropriate next steps, including further investigations as necessary.
  • Conduct inquiries and investigative interviews to assess the suitability and reputation of applicants.
  • Recognize risks in applications and conduct enhanced due diligence inquiries when required, advising on subsequent actions.
  • Address data integrity and quality issues related to submitted information, providing guidance on necessary actions.
  • Lead special projects involving regulatory analysis, reporting, and compliance with standards.
  • Respond to and resolve inquiries of medium to high complexity, offering guidance on the regulatory framework to internal stakeholders and regulated entities.
  • Utilize extensive expertise to guide licensing analysts and support the development of internal practices.
  • Provide subject matter expertise in training and orientation for internal and external stakeholders.
  • Prepare comprehensive reports and analyses to inform statutory decisions.
  • Testify at regulatory hearings as required.
  • Foster and maintain constructive collaborative relationships.
  • Engage in and support organizational transformation initiatives.

Qualifications

  • In-depth knowledge of relevant legislation, regulations, and policies governing BCFSA's regulated entities, or equivalent experience.
  • Exceptional written communication skills with the ability to convey complex findings clearly.
  • Strong verbal communication and customer service skills.
  • Experience in conducting complex regulatory interviews and investigative reporting.
  • Excellent organizational skills and attention to detail.
  • Proficient in online research techniques and Microsoft Office Suite (Outlook, Word, Excel) as well as Adobe Acrobat Pro.
  • Understanding of regulatory frameworks impacting BCFSA's operations.
  • Able to interpret basic financial data and conduct fundamental financial analysis.
  • Experience with digital records management applications.

Education
Post-secondary education in business, public administration, or law, combined with several years of relevant experience, or an equivalent combination of education and experience.

Certifications
Possession of an Investigations Certificate (Justice Institute of BC), Certified Fraud Examiner (CFE), or Certified Anti-Money Laundering (CAMS) designation is advantageous.

Core Competencies

  • People Development
  • Effective Communication
  • Stakeholder Service
  • Quality Work Delivery
  • Critical Thinking
  • Change Advocacy
  • Strategic Management

Technical Skills

  • Document Management

Additional Information
Candidates must be eligible to work in Canada and either reside in British Columbia or have the intent to settle in the province. Internal candidates are encouraged to use their BCFSA email address for application purposes to facilitate the internal application process.

Accommodations in Hiring Process
BCFSA is committed to ensuring that every job applicant is treated fairly and respectfully. We encourage applications from all candidates, including those with diverse abilities. If you require any special support during the application process, please inform us confidentially to ensure your needs are met.