Superintendent of Financial Institutions/Superintendent of Pensions/Registrar of Mortgage Brokers/CEO of Credit Union Deposit Insurance Corporation (CUDIC)
Ministry of Finance
Make an important contribution to the effective regulation of the financial services sector to support economic stability of B.C.
The regulatory bodies comprised of the Financial Institutions Commission, Superintendent of Financial Institutions, Superintendent of Pensions, and Registrar of Mortgage Brokers, regulate the financial services and pension sectors in British Columbia. Together, these regulatory bodies prevent harm to British Columbians by safeguarding stability, reducing unfair market conduct in the financial services sector, and by administering deposit insurance for members of BC credit unions. FICOM’s organization is comprised of approximately 140 employees and has an operating budget of $20 Million.
This position is the senior official responsible for administering legislation, policy, program and delivery of effective financial services regulation throughout the province. This leadership role represents the government as the senior regulatory official for provincially regulated credit union, trust, insurance, pension and mortgage broker financial sectors, and recommends and implements regulatory approvals, takes regulatory action, issues regulatory guidance, and applies regulatory sanctions consistent with the legislation.
The position has legislated authority and is the statutory decision maker under six provincial statues including the Credit Union Incorporation Act, Financial Institutions Act,
Insurance Act, Insurance (Captive Company) Act, Mortgage Brokers Act and the Pension Benefits Standards Act. As the CEO of CUDIC, this position reports to the Board of Directors, overseeing the development of the CUDIC depositor payout plan, administration and operation of the CUDIC fund, and fund audit activities. CUDIC guarantees deposits and non-equity shares of depositors of BC Credit Unions.
We are looking for a candidate who is a proven leader with the ability to oversee a robust regulatory environment in a dynamic sector, lead the development and execution of FICOM’s strategic vision in a high-profile environment and lead organizational change.
For more information about this opportunity and how to apply before January 13, 2017 please go to www.gov.bc.ca/executiveopportunities