Deposit Insurance Analyst

Job Summary

BC Financial Services Authority (“BCFSA”) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. ’s financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province.

BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes Indigenous Peoples, women, visible minorities, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA.

We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to:

• Hiring team members who represent the population we serve;

• Removing barriers that may prevent equitable employment; and

• Supporting respectful work environments where everyone feels included and able to produce excellent results.

BCFSA is proud to be selected as one of BC's Top Employers (2025) in recognition of our competitive compensation, work-life balance, and progressive programs.

WHAT WE OFFER:

When you join us, you become part of a high-performing team. Here, each Team Member can bring their unique talent to make outstanding contributions as we work towards the common goal of protecting British Columbians during the most important financial transactions in their lives. We offer:

• Healthy living and work-life balance

• Comprehensive health and wellness benefits plan

• Opportunities for personal and professional development

• Competitive compensation

• A challenging and engaging team environment

• Defined benefits pension plan

• Our team members enjoy the flexibility of a hybrid work model. They can choose every day where they want to work to be the most effective, from the comfort of their home to our beautiful office in downtown Vancouver. (Eligibility may vary, depending on position).

SUMMARY

This position analyses the BC credit union segment and institution risks to determine pricing and premium rates to maintain the BC credit union deposit insurance fund.

ACCOUNTABILITIES

• Analyzes the BC credit union system and institution risks and contributes to the identification and ongoing monitoring of relevant risk indicators by supporting the interpretation of financial statements and key ratios.
• Conducts analyses and develops recommendations regarding pricing and premiums to be paid by the BC credit unions to the deposit insurance fund.
• Conducts analyses to support the development of optimal fund targets and fund size based on market and risk assessments of the BC credit union system.
• Assists in reviewing financial data and reports from credit unions.
• Conducts basic jurisdictional research on deposit insurance frameworks.
• Helps maintain Power BI dashboards and contributes to data model updates.
• Collaborates with stakeholders to support data collection and validation processes and clarify basic requirements.
• Interprets and implements legislation, regulation, policies, procedures, and relevant information to make recommendations that support the BCFSA’s objectives.
• Responds to inquiries regarding analysis conducted and the identification of risks.
• Coordinates with internal teams to ensure data accuracy and completeness.
• Participates in team discussions on data handling and exception management.
• Participates in contingency planning relating to deposit insurance pay-outs.
• Develops briefing notes, correspondence, and information material for internal and external audiences. Contributes to research studies, special projects and presentations, and stakeholder engagements.
• Contributes to the team’s development of internal work practices (e.g., policies, procedures, and tools).
• Provides orientation and training to internal and/or external stakeholders within area of responsibility.
• Contributes to, participates in, and supports organizational business transformation initiatives.

JOB REQUIREMENT

• Knowledge of content, interpretation, and application of the Financial Institutions Act/Regulations and the Credit Union Incorporation Act/Regulations.
• Knowledge of the International Association of Deposit Insurers (“IADI”) core principles
• Knowledge of the methods and procedures involved in the development and management of deposit protection programs.
• Knowledge of financial analysis techniques and business operational procedures.
• Knowledge of risk management principles and methods.
• Strong foundational skills in Excel and Power BI.
• Basic knowledge in SQL is an asset.
• Ability to exercise judgement, initiative, and discretion.
• Strong oral and written communication skills.
• Strong attention to detail and analytical thinking.
• Ability to manage tasks and meet deadlines
• Eagerness to learn and contribute in a collaborative team environment.

EDUCATION

• Degree in business, finance, accounting, or economics and some related experience or, an equivalent combination of education and experience.
• Related experience includes:
• Analyses or examinations experience in the financial services, business, or commercial sectors
• Interpreting and applying legislation, regulations, and/or policy

PROVISOS

Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province.

Internal candidates are kindly requested to use their BCFSA email address when applying for this position. This will help us identify and streamline the internal application process.

Hiring Process Accommodation

BCFSA wants to ensure every job applicant is treated fairly and with respect and encourages applications from all candidates, including those with diverse abilities. We welcome you to inform us confidentially if you may require any special support in the application process, including disability accommodation, in order to participate fully in our recruitment experience. Email us at [email protected] to notify us of any needs related to your job application.