Syndicated Mortgage Specialist

The Ontario Securities Commission (OSC) is the statutory body responsible for regulating Ontario’s capital markets in accordance with the mandate established in the provincial Securities Act and the Commodity Futures Act. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. This mandate is performed through policy, operational, and enforcement activities. The OSC also contributes to national and global securities regulation development.

We offer a diverse, fair, and flexible work environment and take pride in our challenging and rewarding work.

The Corporate Finance Division is a regulatory department responsible for regulating issuers (other than investment funds) in the public and exempt markets. The department reviews public distributions of securities, exempt market activities and continuous disclosure of reporting issuers, and leads issuer-related policy initiatives. The department is also responsible for supervising insider reporting, regulating credit rating agencies and overseeing the listed issuer function for OSC recognized exchanges.

The Syndicated Mortgage and Real Estate Specialist will collaborate with senior legal counsel and accountants to design and execute compliance reviews and sweeps as well as prepare continuous disclosure industry planning memos for real estate issuers and alternative mortgage lenders as related to Syndicated Mortgage Investments (SMI)/Real Estate Investments.  They will provide expert guidance on SMI/Real Estate Investment policy initiatives through briefing materials for senior management, provide related advice to other Divisions across the OSC and design and implement staff training.

Key Duties and Responsibilities:

• Act as a subject matter expert consultant on (i) exemptive relief or regulatory approvals for novel real estate business models, and (ii) 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 related to SMI/Real Estate Investments 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.

Ideal Skills and Experience:

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

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We thank all applicants for their interest in the Ontario Securities Commission. We will contact those selected for an interview.

The OSC is committed to diversity and providing an inclusive workplace and providing accommodation in accordance with the Accessibility for Ontarians with Disabilities Act and the Human Rights Code. It is our priority to ensure employment opportunities are visible and barrier-free to all under-represented groups including but not limited to, Indigenous, Black and racialized groups, people with disabilities, women and people from the 2SLGBTQI+ community, to achieve an employee demographic profile reflective of the demographic profile of Ontarians.

The OSC is a proud partner with the following organizations: Ascend Canada, BlackNorth Initiative, Canadian Centre for Diversity and Inclusion, and Pride at Work Canada

If you require an accommodation during the recruitment process, please let us know by contacting our confidential inbox [email protected].  
 

Visit Accessibility at the OSC to review the OSC’s policies on accessibility and accommodation in the workplace.