Compliance Officer

Government of Alberta•Edmonton, AB

6d•CA$66,884 - CA$87,736•Onsite

About The Position

Financial Sector Regulation and Policy (FSRP) provides policy and regulatory support and analysis on financial institutions, insurance and pensions. As part of its function, the division is responsible for ensuring legislation, regulation and policy meets current and emerging needs. The Employment Pensions branch administers and enforces the requirements of the Employment Pension Plans Act (EPPA) to ensure that all pension plans registered with the branch comply with the legislation. The branch registers new Alberta-based pension plans and monitors existing plans to ensure ongoing compliance. At FSRP, we run on collaborative teamwork and have leaders who genuinely care about your success. Reporting to the Manager, Compliance & Operations (MCO), you’ll be the go-to person for ensuring Alberta’s pension plans follow the Employment Pension Plans Act (EPPA) and related regulations. You’ll monitor and assess pension plan compliance from registration through to wind-up (and maybe feel a little like a detective while doing it!), identifying and fixing any compliance issues along the way. You’ll analyze risks related to funding, communication, and administration, recommending corrective actions to keep everything on track. Plus, you’ll get to work closely with leadership, contributing to legislative improvements. The overall objective of the work is to help ensure the development, growth and ongoing viability of pension plans registered in Alberta. To succeed in this role, you should have strong knowledge of pension legislation and compliance standards. You’ll need to be skilled in risk assessment, documentation analysis, and have great communication and problem-solving abilities. If you’re ready to keep Alberta’s pension plans compliant—and maybe have a little fun while doing it—we want to hear from you!

Requirements

University graduation in a related field; no experience required; or equivalent as described below.
Agility: Demonstrate the ability to anticipate, assess, and readily adapt to changing priorities, maintain resilience in times of uncertainty and effectively work in a changing environment.
Build Collaborative Environments: Genuinely value and respect different viewpoints and expertise and be willing to learn from others.
Creative Problem Solving: Willingness to explore different methods in how work is completed, with a goal to achieving more efficient and effective outcomes.
Drive for Results: Take past experiences into consideration when making plans and adjust those plans based on past learnings.
Develop self and others: Contribute to team learning by sharing information, knowledge, and experiences even when not asked.
Systems Thinking: Seek information and analyze long-term outcomes. Focus on the goals and values in addition to the process.

Nice To Haves

Solid knowledge of the pension area, both regulatory and administrative, and including evolving trends in the area of retirement savings.
Basic understanding of actuarial theories and principles as well as familiarity with the Canadian Institute of Actuaries Recommendations and Standards
Familiarity with trust law, contract law and case law as it relates to pension plans
Knowledge of tax law as it relates to pension plans
Solid computer literacy, including the operation of PBIS
Familiarity and the ability to perform administrative tasks associated with the CO function and PBIS
Basic understanding of accounting principles as they relate to pensions
Familiarity with the business world and the impact of changes to corporate structures on pension plans.

Responsibilities

Administer and enforce the requirements of the Employment Pension Plans Act (EPPA).
Register new Alberta-based pension plans.
Monitor existing pension plans to ensure ongoing compliance.
Monitor and assess pension plan compliance from registration through to wind-up.
Identify and fix compliance issues.
Analyze risks related to funding, communication, and administration.
Recommend corrective actions to keep pension plans on track.
Work closely with leadership, contributing to legislative improvements.