Compliance Officer

**Competition #**: 42625

**Department**: Finance and Treasury Board

**Location**: HALIFAX

**Type of Employment**: Permanent

**Union Status**: NSGEU - NSPG

**Closing Date**: 09-May-24 (Applications are accepted until 11:59 PM Atlantic Time)

About Us

At the Nova Scotia Department of Finance and Treasury Board we strive to provide financial leadership, analysis and policies that strengthen Nova Scotia. As stewards of the province's financial affairs, we deliver a wide range of corporate fiscal and management services - including the preparation of the provincial budget, forecast updates, and financial advice to departments, crown corporations and other public service entities.

About Our Opportunity

The Compliance Officer reports to the Manager of Financial Institutions and collaborates with division team members on regulatory filings and issues in sectors like insurance, trusts, loans, and credit unions. This streamlined role is essential for upholding regulatory standards, ensuring public trust, and maintaining financial stability through careful oversight, resolving complaints effectively, and monitoring compliance strictly.

Primary Accountabilities

The role involves key responsibilities across various sectors as outlined by the Insurance Act, Credit Union Act, and Trust and Loan Companies Act:
**Insurance Inquiries**: Develop and maintain a process to investigate public inquiries related to insurance, ensuring they are resolved satisfactorily and documented for review.
**Trust and Loan Filings**: Conduct reviews of trust and loan company filings to verify compliance with financial regulations.
**Credit Union Filings**: Oversee the timely collection and review credit union filings to ensure regulatory compliance, providing support as needed.
**Insurance Filings**: Review Insurance filings to ensure they meet regulatory standards, including overseeing trust accounts and collection of premium taxes. Work with insurance agencies/companies to correct any discrepancies.
**Insurance Exam Queries**: Participate in the development and delivery of an examination program to test individuals who seek to be licensed to sell insurance in Nova Scotia. Monitor the examination program, including any education materials issued by insurance educators to ensure the program upholds and protects the integrity of the licensing regime in Nova Scotia. Serve as the main contact for questions related to insurance exams, offering guidance and ensuring timely responses and coordinate and oversee the scheduling and administration of exam sessions.
**Communication and Coordination**: Coordinate with division stakeholders to share findings and ensure clear communication with regulatory bodies. Liaise with other regulatory bodies across Canada and other divisions of Government to formulate policy positions and recommend changes to legislation in areas of responsibility.
Qualifications and Experience

Proficiency in both written and verbal communication is essential for drafting documents and addressing inquiries. Working knowledge of Microsoft Word, Excel, and Outlook is a prerequisite.

Having a Chartered Insurance Professional (CIP) designation, Canadian Accredited Insurance Broker (CAIB), or having completed the LLQP course would be considered an asset. Additionally, having experience as an insurance agent would also be an asset.

Equivalency

**Benefits**:
Based on the employment status and union agreement, the Government of Nova Scotia offers its employees a wide range of benefits such as a Defined Benefit Pension Plan, Health, Dental, Life Insurance, General illness, Short and Long Term Disability, Vacation and Employee and Family Assistance Programs. For information on all our Benefit program offerings, click here: Benefits for government employees.

What We Offer

Career Development where you have access to career guidance, tools, resources, and ongoing training for every stage of your career.
**Engaging workplace**: our Employees feel valued, respected, connected, and tuned in, we have forward-thinking policies and strategies.
Countless career paths.
Department specific flexible working schedules and arrangements.

**Pay Grade**: PR 13

**Salary Range**: $2,556.10 - $3,107.16 Bi-Weekly

**Employment Equity Statement**: