Syndicated Mortgage Specialist

Ontario Securities Commission•Toronto, ON

4d•Onsite

About The Position

The Ontario Securities Commission (OSC) is seeking a Syndicated Mortgage and Real Estate Specialist to collaborate with senior legal counsel and accountants. This role involves designing and executing compliance reviews, preparing continuous disclosure industry planning memos for real estate issuers and alternative mortgage lenders, and providing expert guidance on policy initiatives related to Syndicated Mortgage Investments (SMI)/Real Estate Investments. The specialist will also brief senior management, advise other OSC divisions, and design and implement staff training. This is a business-critical role within the Corporate Finance Department, which regulates issuers in public and exempt markets, reviews securities distributions, exempt market activities, and continuous disclosure, and oversees insider reporting, credit rating agencies, and listed issuer functions.

Requirements

University degree in Economics, Business, Finance or Accounting.
Minimum six (6) years of senior level experience in the financial services industry with in-depth expertise in the real estate and/or mortgage sector and capital markets.
Demonstrated ability to be forward-thinking with a strategic mindset.
Strong analytical skills with attention to detail.
Clear and concise verbal, written communication and presentation skills.
Interact professionally with both internal and external stakeholders.
Respond to ad hoc, unstructured problems with planning, flexibility, communication and execution.
Conduct research, analyze, problem solve and synthesize findings.
Work with a high degree of independence, prioritize and meet strict deadlines.
Knowledge or experience in the securities industry.

Nice To Haves

Graduate degree in Economics or Business is an asset.
Completion of the Canadian Securities Course or similar program in securities regulation is an asset.

Responsibilities

Act as a subject matter expert consultant on exemptive relief, regulatory approvals, and prospectus reviews for real estate business models, and registrant conduct and enforcement matters related to SMI/Real Estate Investments.
Proactively stay abreast of market developments as it relates to SMI/Real Estate Investments and provide strategic advice to OSC Division leadership on emerging risks and trends, including in the area of systemic risk.
Independently develop and recommend risk criteria, including risk rankings of underlying mortgage portfolios for issuers of SMI/Real Estate Investments, to enable identification of higher risk issuers and investments in the exempt market and support efficient allocation of staff resources in compliance reviews.
Work collaboratively with Corporate Finance Department staff to prepare continuous disclosure industry planning memos for real estate issuers and alternative mortgage lenders.
Provide expert advice and insight on novel and complex SMI/Real Estate Investments subject to compliance, including reviewing investment structures to identify investor protection “red flags” in connection with issues such as fees, appraisals, or commonly used real estate performance ratios.
Participate in meetings with market participants to explain regulatory concerns and arrive at appropriate compliance outcomes.
Work collaboratively with legal counsel and accountants to identify appropriate resolution of reviews and, if applicable, prepare briefing materials for management and referrals to other Divisions.
Foster collaboration and information exchange with other regulatory bodies in Ontario and other provincial jurisdictions, facilitating joint actions.
Identify appropriate data sources for cost-benefit analyses required for rulemaking and provide advice on identifying and quantifying costs and benefits to market participants.
Design and implement periodic staff training sessions on SMI/Real Estate investments.