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 As a member of the Pensions Team, you will provide actuarial expertise and leadership in the assessment, monitoring and solutions on significant financial risk inherent in pension plans. KEY RESPONSIBILITIES: Providing senior level expertise in the development and implementation of the risk and compliance program, including related processes, procedures, and standards. Conducting, reviewing, and analyzing large, complex and/or high-profile pension plan submissions including asset transfers and windups to determine and assess compliance with legislation and regulations, FSRA policies and procedures and actuarial standards. Negotiating with pension plan administrators/actuaries to achieve voluntary compliance. Acting as a consultant and advisor on complex issues and during the enforcement action process; acting as an expert witness at legal hearings. Leading and/or conducting projects related to the development, analysis and implementation of actuarial and investment policies, procedures, processes, and systems. QUALIFICATIONS: Specialized Knowledge and Experience Mandatory – Fellow of the Canadian Institute of Actuaries (FCIA) Demonstrated knowledge of actuarial theory, principles, and practices, including professional standards, valuation methods, and techniques related to pension plans to conduct actuarial reviews of large, complex, and high-profile pension plans and to evaluate pension plan risk exposure. Proven knowledge of, and skills in the design and management of pension plans and investment of pension funds. Demonstrated knowledge of risk management principles and practices to evaluate pension plan sustainability risks, and of current pension plan issues and trends to advise senior management on pension regulatory matters. Skills Proven project management and leadership skills to lead the risk and compliance program and related projects. Demonstrated communication, presentation, and consultation skills to provide expert technical advice and make recommendations to senior management on actuarial issues and risk mitigation strategies; to explain/discuss actuarial reviews/opinions and to facilitate regulatory activity with diverse groups of pension stakeholders. Proven written communication skills to prepare project plans and actuarial and investment analytical and assessment reports. Proven skills to interpret and advise on the application and development of new legislation, regulations, and policies from an actuarial perspective. Please note that this position will close at 11:59PM on August 11, 2025 Job Posting End Date: 08/11/2025 Job postings close at 11:59pm on the date noted. Compensation Grade: Actuary 7 - AMAPCEO Compensation Range: $88,496.00 - $132,979.00 Bargaining Unit: AMAPCEO Job Code: Job Code: 7A001N Employment Type: Regular Scheduled Weekly Hours: 36.25 FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code. NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED The Financial Services Regulatory Authority of Ontario (FSRA) is a dynamic, innovative, independent and self-funded regulator of financial services and pensions. The organization promotes strong financial services and pension sectors while protecting the public interest. FSRA has responsibility for regulating property and casualty insurance (including auto insurance rates); life and health insurance; credit unions and caisses populaires; loan and trust companies; mortgage brokers; health service providers (related to auto insurance); and pension plans. We are building an agile, forward-thinking and collaborative culture, and FSRA is committed to encouraging innovation and competition, and promoting market integrity and stability. Joining FSRA is an exciting opportunity to help shape the regulator of the future.
