Deputy Chief Actuary, Pensions

At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we’re passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry.

Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs.

At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched

defined benefit pension plan

, comprehensive and competitive benefits plan, a hybrid work model and flexible work arrangements. We prioritise learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving.

Join FSRA and help us shape the future of regulation for generations to come

Job Description:
PURPOSE OF POSITION

Accountable for providing leadership in the development and implementation of Actuarial Services, strategies, frameworks, systems, tools and services to further FSRA’s mandate.

KEY RESPONSIBILITIES- As a member of the FSRA leadership team, contributes to the FSRA strategy and development of tactics and provides leadership in executing programs, services or initiatives to deliver on the strategy- Finds innovative ways to deliver on FSRA’s commitment to continuously improving regulatory effectiveness and be a principles-based on outcomes-focused pension regulator by providing insight and leadership.- Leads the team to mine internal and external data to enhance FSRA’s proactive supervision of the 4,500+ pension plans under supervision.- Manages the planning and implementation of the strategy and priorities for the Actuarial Services Department, within the overall vision, strategies and priorities of the Pensions team and for FSRA as outlined in FSRA’s annual statement of priorities.- Facilitates and oversees the provision of actuarial assistance to other Pension team members and colleagues to deliver in accordance with FSRA’s service standards and address operational matters promptly staying principles-based, risk-based and outcomes-focused in the supervision and regulations of pension plans in Ontario.- Facilitates and supports pension sector evolutions and innovations, improving the well-beings for current and future plan members by protecting the rights of plan beneficiaries and promoting the good administration of plans.- Oversees the delivery of a range of programs/services/initiatives within the FSRA function, ensuring alignment across the Pension team and working collaboratively and effectively with other members of the leadership team in Pensions and across FSRA.- Leads the development, implementation and communication of systems, tools, business processes and services in pursuit of delivering on FSRA’s commitments to the sector.- Manages the planning and development of comprehensive and relevant actuarial policies and guidance notes including the development and use of actuarial models, trends analysis and various benchmarking to advocate for industry best practices.- Develops and manages stakeholder relationships with various pension sector practitioners in matters of interest to the sector, profession, FSRA, other regulators and government including leading and/or participating in various CAPSA-related activities and initiatives.- Represents FSRA at legal hearings, where necessary, to provide expert testimony- Provides actuarial advice and expertise to the Head, EVP, other FSRA executives and Board of Directors on in response to issues and risks to achieving FSRA mandate; providing evidence based recommendations for change.- Manages the department and its staff to support an environment and culture of service excellence which respects diversity, encourages all employees to work together to achieve results and contribute to a healthy, rewarding and productive working environment where personal and team accountability are key to meeting the mandate of FRSA.- Accountable for building a strong team including: hiring, orienting, training and coaching of staff, determination of performance standards, conduct of performance reviews and management of performance and employee relations matters.- Promotes and drives innovation and continuous improvement program throughout the department focused on professional development, operational efficiency and service excellence.- Develops operational plans for the department, which align with, and support the Pensions function’s operational plan and overall FSRA strategic plan. Accountable for the management of all departmental matters including budget and issues/challenges.- Champions and leads critical change and a new collaborative, forward thinking culture within department, and works with others to achieve this across the enterprise.- Represents the department by leading and/or part