Acting superintendent of Financial Institutions, Julie Dickson, has been appointed to the job full time.

Federal minister of finance Jim Flaherty announced the appointment of Dickson as the new superintendent, effective immediately. Her term is seven years. She has been acting superintendent since October of last year when Nick Le Pan left the federal regulator.

“I am pleased Ms. Dickson has agreed to serve in this role to promote the stability and soundness of Canada’s financial system, in the best interest of all Canadians,” said Flaherty.

Dickson joined OSFI on April 1, 1999, and was assistant superintendent, regulation sector, from January 1, 2000, to June 2006. She was named deputy superintendent in June 2006.

In her role as deputy superintendent, Dickson oversaw enterprise-wide risk management and business planning. In addition, she was head of OSFI’s Regulation Sector, where she was responsible for capital and accounting issues; actuarial policies and reviews; regulatory approvals and compliance, including anti-money laundering; guidelines, regulations and interpretations; international assistance and liaison; and pension plan supervision.

Prior to joining OSFI, Dickson served in both the public and private sectors. In the federal government, she served for 15 years with the Department of Finance, primarily in areas related to financial sector policy. In the private sector, she was group leader of the Financial Institutions Practice for a national consulting firm from 1995 to 1998.

She is a member of the Accounting Standards Oversight Council of Canada, and was a member of the Basel Committee on Banking Supervision from 2002 to 2006. She also represents OSFI on the Financial Stability Forum and the Integrated Supervisors group.

Dickson holds a Masters of Economics from Queen’s University and she earned a Bachelor of Arts (Honours Economics) from the University of New Brunswick.