Tim Thomson Email & Phone Number

Toronto, Ontario, Canada

Accountable for managing two program units in the delivery of:Special Transactions programs, addressing asset transfers, plan wind ups and other areas identified as being of heightened risk or importance in the pension sector, in support of overall FSRA, Pensions strategies.Advisory Services and Industry Guidance programs and services, ensuring consistency with overall FSRA, Pensions performance measures, standards, and best practices and integration with FSRA’s directions for the regulation and supervision of pension plans in Ontario. Oversight of the implementation of identified strategies and tactics to improve program delivery by: Examining operational processes and procedures to transform the processes for asset transfers and wind ups, applying a principles-based and outcomes-focused analysis and filtering internal reviews through a risk-based lens.Supporting the overall operational plans and priorities of FSRA, Pensions and to address recommendations by the Technical Advisory Committee on asset transfers.Advising and collaborating with staff and representatives from FSRA, the Ministry of Finance, CAPSA, other jurisdictional governments, and industry stakeholders.Jointly overseeing ongoing organization of industry stakeholder events and meetings and developing evidence-based recommendations for problem resolution and improvement to service delivery.Liaison with plan administrators and their advisors through effective and collaborative relationship management to ensure improved regulatory processes and outcomes to support FSRA’s strategic priorities.Organized and led advisory consultation sessions with Pension Sector representatives in the development of the Risk-based Regulation Framework.Participated in the Technical Advisory Committee for the development of the Supervisory Approach for Single Employer Defined Benefit Pension Plans that are Actively Monitored.

Financial Services Commission Of Ontario

Key member of team leading development and implementation of FSRA’s Prudential Supervision framework for pension plans including development and operationalization of relation management activities with plans deemed to be at risk. Act as a strategic advisor and provide direct support to Pensions’ leadership on the resolution of complex pension issues, program delivery, and overall organizational issues, including human resource management and stakeholder management.Provided oversight of the risk-based regulation framework (“the framework”) methodology and its application, to ensure the framework is appropriately documented, maintained and updated; and ensure it is applied appropriately and consistently through quality control procedures. Lead and manage projects and provide technical direction for Pensions’ leadership related to the research and analysis of complex pension industry issues and any regulatory action resulting from compliance concerns; the risk-based regulation of pension plans; business transformation and the development and implementation of branch policies/processes, involving multi-disciplinary team members, such as policy, information technology, human resources, finance, legal, communication, stakeholders (Ministry of Finance, Internal Audits, external pension stakeholders, etc.). Lead the development and implementation of business transformation activities and change management strategies and processes.Provide technical expertise to Pensions’ leadership and staff related to the management, negotiation and resolution of significant, complex and/or sensitive pension regulation issues. Provide technical consulting advice, guidance and training to Pension Plans Branch staff on the interpretation and application of the framework, Pension Benefits Act, and FSCO policies, procedures, and processes for the regulation of pension plans in Ontario.

Toronto, Canada Area

Led and managed multiple and high profile corporate and/or divisional specific projects by developing detailed and integrated project plans to schedule, prioritize, document, monitor and control projects from inception through technical planning to implementation.Coordinated critical and contentious issues management and prepared and/or provided input into briefing materials and advised Manager and Executive Lead of content and action required. Led several change initiatives including the Enterprise Development Program, Risk-based Regulation and Enterprise Risk-based Approach Projects. Provided stakeholder relationship and change management leadership including the development and implementation of change management/ communication / consultation strategies. Provided assistance on corporate policy development processes pertaining to relevant projects and methods to identify research and information sources related to the policy questions.Planned and managed procurement of consultant and vendor services including tendering processes, evaluation & selection of bids, interviewing & selection of potential consultants and managing contract services.Provided direction and guidance on technical and strategic direction to project managers and project team members in consultation, development, implementation, and the monitoring and maintenance of project viability, progress and effectiveness. Led and/or coordinated reviews of FSCO’s policies, procedures and guidelines concerning all aspects of FSCO business and regulated sectors. Developed effective proposals and recommendations for process improvements to support achievement of government and FSCO’s strategic business delivery objectives.Identified areas of opportunity to implement repeatable processes to standardize product development and distribution, and led the implementation of processes, policies, and tools.

Toronto, Canada Area

Effectively managed multiple, concurrent projects and participated in the development and implementation of a stakeholder outreach program, including the establishment of advisory and stakeholder committees and the development of semi-annual webinar broadcasts. Provided project progress updates on milestones, key deliverables, issues/risks and recommendations for problem solving as well as delivered effective presentations to senior executives and internal/external stakeholders.Led several change initiatives in order to better manage risks, provide better service to our stakeholders, and to facilitate improved collaboration with other regulators.Provided stakeholder relationship and change management leadership including the development and implementation of change management/ communication / consultation strategies. Prepared and delivered related briefing / consultation materials and presentations either in person or through web platforms.Conducted qualitative and quantitative research and analysis of the pension assessment process and implemented the re-designed improved process. Worked closely with auditors in internal audits of projects and the assessment process.Developed analysis and strategic communications plans for roll out of corporate initiatives.Facilitated consensus building and negotiation through regular Steering Committee and Working Group meetings.Led cross-divisional project team members comprised of staff at all levels and various divisional subject matter experts with a diverse set of skills such IT, Legal, Policy, Communication, etc.Researched, analyzed, and evaluated business functions using knowledge of process design and process methodology principles and identified opportunities for improvement.Participated in the business and operational plan development, including the performance management framework.

Toronto, Canada Area

Reviewed and managed the administration of applications for registration of new pension plans, plan amendments and other related documents for assigned defined benefit plans.Identified areas of non-compliance with legislative requirements and proposed solutions; analyzed complex pension matters including full and partial wind ups, distribution of surplus assets, transfers of assets, and mergers of pension plans in order to ensure compliance with legislation, policies and procedures.Made recommendations to the Superintendent related to pension plan applications and notified stakeholders of decisions. Researched, analyzed and evaluated findings related to identified regulatory compliance issues; assisted in the development of options on problem areas and program matters, and provided input to the resolution of compliance problems. Determined sources of information and best methods of analysis for assigned tasks; review and analyzed documents such as pension plan texts, actuarial valuations, amendments and financial statements to determine compliance with legislation and policy requirements. Responded to policy and program inquiries through written and verbal communication with government officials, pension industry specialists and members of the public. Provided effective caseload management to meet established processing timeframes.Developed and sustained knowledge of legislation, policy and procedures, mandate and strategic objectives, and current pension issues and trends by participating in ongoing plan training, attending courses and conducting literature reviews.

Masters Certificate In Risk Management And Business Performance, Enterprise Risk Management

•Studied the relationship between risk and business performance and examined specific risk-drivers impacting my organization to lay.

Prince2 Registered Practitioner, Project Management

Masters Certificate in Risk Management and Business Performance

Bachelor Of Science, Environmental Protection

Bachelor of Science, Environmental Protection

Pension Plan Administration Certification, Pension Plan Administration

Pension Plan Administration Certification