Regulating Ontario’s electricity and natural gas sectors
The Consumer Protection & Industry Performance division of the Ontario Energy Board (OEB) focuses on consumer protection through its responsibilities as the OEB’s interface with the industry. It is responsible for the management of the OEB’s codes and rules, addressing consumers’ complaints regarding regulated companies, liaison with industry stakeholders, the audit of regulated entities, the assessment of utility performance, compliance and enforcement activities and the OEB’s licensing and reporting functions.
The Audit & Investigations department is responsible for conducting inspections, including audits to support OEB’s decision making process, identify potential areas of non-compliance with regulatory requirements, performance measure and business processes in the regulatory environment and support OEB enforcement activities in order to protect the interests of consumers.
We are currently seeking an energetic individual to join our team and assist the OEB in achieving its vision of protecting the long term integrity of the province’s energy system so that Ontarians today and tomorrow have access to reliable energy at a reasonable cost.
Job ID #564
1 Full-time Permanent Position
Under the direction of the Manager, Audit & Investigations, the Advisor will be responsible for conducting compliance inspections, regulatory engagements and providing regulatory expertise and advice to the Ontario Energy Board.
The Advisor will work with the Project Advisor or independently to perform inspections, including regulatory audits, reviews, investigations and follow-up engagements of regulated entities. The Advisor will, including but not limited to, conduct inspections with a strong focus on regulatory compliance, prepare memorandums, audit, review and investigation check-lists, working papers, briefing notes, closing letters and final reports. Where inspections require enforcement action, the Advisor will work closely with legal counsel to prepare the case for an enforcement proceeding.
If you enjoy working with a group of professionals dedicated to working co-operatively with stakeholders to help build and sustain public confidence in Ontario’s natural gas and electricity sectors, you’ll enjoy being a member of this team
· Participates in compliance inspections, in the form of regulatory audits, reviews, investigations and follow-up engagements;
· Participates in developing audit/investigation planning memorandums, audit procedures, working papers, briefing notes, closing letters and audit/investigation reports to ensure timely and quality execution and completion of audits/investigations;
· Analyzes regulated entities’ financial and operational information, processes and procedures for performance measures and operational effectiveness;
· Assesses financial and non-financial performance of regulated entities for compliance with the OEB's legislative and regulatory requirements;
· May work independently or assists in the preparation of summary reports and identifies audit/investigation follow-ups;
· Communicates findings and potential non-compliance and non-conformity with regulated entities;
· Works with legal, senior management to support enforcement work, including negotiating settlements, assurance of voluntary compliance and preparation of enforcement documents, potentially resulting in an enforcement proceedings;
· Participates in the development of annual audit/compliance plans based on risk assessment profiles of regulated entities;
· Assists in gathering information from various departments of the OEB to identify potential non-compliance issues and risks associated with the regulated entities;
· Assists in maintaining the risk assessment model by analyzing the input and output of information to the risk assessment model and provides recommendations;
· Participates in educational webinars delivered to industry stakeholders and provides assistance in responding to Industry Relations Enquiries (IREs) if required;
· Participates in the OEB's policy related initiatives and studies and assists in the decision-making process.
· Undergraduate degree in Engineering, Finance, Economics or a related field.
· CPA-CA designation is preferred.
· Auditing/investigation experience.
· Advanced verbal and written communication skills.
· Knowledge and understanding of the adjudicative processes at the OEB.
· Experience with TeamMate auditing software is preferred.
· Working knowledge of regulatory accounting guideline such as the Accounting Procedure Handbook.
· Working knowledge of Canadian Auditing Standards and International Financial Reporting Standards (IFRS) is preferred.
· Knowledge of the Ontario Energy Board Act, 1998, Energy Consumer Protection Act, 2010 and the related regulations and the OEB’s regulatory codes (e.g. Retail Settlement Code, Distribution System Code, Unit Sub-Metering Code).
· Advanced skills with Microsoft Office Suite (e.g. Excel – Heat Map, Pivot Tables, etc.).
· Experience in a regulated industry or utility is considered an asset.
· Demonstrated accountability to produce high-quality work in a timely manner.
· Proven adaptability to work effectively in a variety of situations and with various individuals or groups.
· Excellent customer service skills (internal and external customers).
· Ability to collaborate with others in a team environment.
· A commitment to professional development and continuous learning.
· Effective communication and interpersonal skills.
· Shows initiative by being proactive and achieving goals.
· Strong planning, coordination and organizational skills.
· Strong analytical and problem solving skills and innovative thinking.
Preference will be given to candidates who meet the minimum requirements above.
For more information about the Ontario Energy Board, please visit our website at www.oeb.ca.
If you would like to explore this exciting opportunity, please e-mail your resume, in confidence, by Monday, March 12, 2018, to email@example.com. When applying, please quote Job ID #564 and the Position Title in the subject line of your e-mail.
Please note: Qualified candidates who are not successful may be considered to fill vacancies for jobs with similar requirements and selection criteria over the next six months.
As Ontario’s independent energy regulator, the Ontario Energy Board is proud to be an Equal Opportunity Employer and offers a competitive compensation and benefit package.
We are committed to providing barrier-free and accessible employment practices in compliance with the Ontario Human Rights Code (OHRC) and the Accessibility for Ontarians with Disabilities Act (AODA). Should you require accommodation at any stage of the recruitment process, please make them known when contacted and we will work with you to meet your needs.
We appreciate the interest of all candidates. We regret that only those candidates under consideration will be contacted.
2300 Yonge Street
Toronto, Ontario, Canada, M4P 1E4