Ashley Lee
Vancouver
Summary
Senior Audit and Risk Professional with over 13 years of experience in Internal Audit, Financial Services Regulation, and Advanced Risk Analytics. CPA, CA designated, specializing in assessing and improving the effectiveness of risk management practices, internal controls, and corporate governance. Proven ability to lead complex engagements, manage senior stakeholders, and deliver data automation solutions to enhance efficiency and effectiveness. Expertise in Insurance/Reinsurance and comprehensive knowledge of Canadian financial services regulatory frameworks, including OSFI guidelines.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Senior Risk Analyst, Risk Analytics, Financial Institutions
BC Financial Services Authority (BCFSA)
05.2022 - Current
- Led the establishment of advanced data capabilities leveraging Azure Synapse, Python, and SQL to deliver automated risk assessments and analytics solutions.
- Led the development of an automated P&C Insurance Monitoring Dashboard using Python/Power BI, improving the quality and timeliness of key financial ratios and key indicators for risk monitoring from two weeks to one day.
- Led the development of an automated Insurance Market Conduct Risk Assessment Tool that calculated entity risk ratings from 45+ attributes using multiple data sources across 100+ insurance companies, significantly enhancing the efficiency and accuracy or risk ratings.
- Conducted complex special examinations into high-profile regulatory matters (e.g., Strata Property Insurance premium increases), identifying root causes and presenting risk mitigation recommendations to executive stakeholders.
Process Lead, Insurance and Trust Division
BC Financial Services Authority (BCFSA)
01.2020 - 05.2022
- Led enterprise-wide IRIS regulatory system project for Insurance and Trust division, overseeing the development, testing, and transition to the new platform.
- Led user acceptance and end-to-end testing to maintain data accuracy and completeness during historical data migration.
- Developed and delivering training for two cross functional teams.
Senior Supervisor/Regulator (Promoted from Supervisor), Insurance and Trust Division
BC Financial Services Authority (BCFSA)
11.2017 - 01.2020
- Led supervisory examinations (Audit-equivalent reviews) of regulated insurance and trust companies, utilizing a risk-based approach to assess and monitor financial and non-financial risks.
- Evaluated the effectiveness of an institution's internal controls, risk management programs, and corporate governance frameworks, determining compliance with regulatory requirements.
- Communicated findings and required corrective measures through formal supervisory letters and presentations to Executive Management, Audit Committees, and the Board; successfully monitored deficiencies to ensure resolution.
Senior Audit Professional (Promoted through three levels: Audit Professional → Intermediate → Senior)
Office of the Auditor General of Canada
03.2012 - 11.2017
- Led and executed risk-based audits of federal government and crown corporations, covering full audit planning, execution, and reporting phases.
- Performed IT General Controls (ITGC) audits and systems testing, ensuring data accuracy and completeness (e.g., workers’ compensation and pension plan data).
- Applied data analytics (IDEA, SQL) to entire data populations to discover patterns, identify anomalies, and uncover control deficiencies. Mentored and trained audit staff on data analytics best practices and audit methodologies, acting as the team's data expert.
- Developed and communicated clear, actionable recommendations to address key control deficiencies, establishing effective working relationships with audit entities and senior management.
Administrative Assistant (Part-Time)
Alliance Française de Vancouver
08.2010 - 03.2012
- Performed accounting duties including processing payment transactions and reconciling financial reports.
Education
Chartered Professional Accountant (CPA, CA) -
CA School of Business
Vancouver, BC11.2014
Bachelor of Business Administration - Accounting (Honors)
Simon Fraser University
Vancouver, BC10.2011
Skills
- Audit & Controls: Risk-Based Audit Methodologies, Internal Controls Assessment (ITGC), Enterprise Risk Management, Corporate Governance, Canadian Auditing Standards (CAS), IFRS
- Industry Expertise: Insurance, Financial Services Regulation, OSFI Guidelines, Supervisory Oversight & Regulatory Intervention, Regulatory Compliance & Reporting, Cross-Regulatory Collaboration (OSFI, FSRA, AMF)
- Data & Technology: Advanced Data Analytics (SQL, Python, Azure Synapse), Data Visualization (Tableau, Power BI), Audit Applications (Caseware, TeamMate, IDEA)
- Communication: Senior Stakeholder Engagement, Executive Reporting (Audit Committee, Board of Directors), Training & Coaching, Working Proficiency in French
Certification
- Fundamentals of Insurance Accounting
- Canadian Insurance Accountant Association (June 2018)
Timeline
Senior Risk Analyst, Risk Analytics, Financial Institutions
BC Financial Services Authority (BCFSA)
05.2022 - Current
Process Lead, Insurance and Trust Division
BC Financial Services Authority (BCFSA)
01.2020 - 05.2022
Senior Supervisor/Regulator (Promoted from Supervisor), Insurance and Trust Division
BC Financial Services Authority (BCFSA)
11.2017 - 01.2020
Senior Audit Professional (Promoted through three levels: Audit Professional → Intermediate → Senior)
Office of the Auditor General of Canada
03.2012 - 11.2017
Administrative Assistant (Part-Time)
Alliance Française de Vancouver
08.2010 - 03.2012
Bachelor of Business Administration - Accounting (Honors)
Simon Fraser University
Chartered Professional Accountant (CPA, CA) -
CA School of Business