Associate Manager
7 days ago
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.Ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.
The Associate Director, RCM Testing, will lead the development, implementation, and continuous improvement of the Bank’s Regulatory Compliance Management (RCM) testing program. This individual will play a pivotal role in ensuring the Bank’s adherence to regulatory requirements and internal policies, particularly in alignment with OSFI E-13 guidance. The Associate Director will oversee the testing activities related to various regulatory frameworks and manage a team of compliance professionals, including the Senior Manager, RCM Program Management and Testing.
RCM Testing Program Leadership:
Provide strategic direction and leadership for the RCM testing program, ensuring comprehensive coverage of all relevant regulatory areas, including the Bank Act, Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Consumer Provisions, Whistleblower, FATCA, and CASL
Develop and maintain policies, procedures, and methodologies for effective compliance testing and monitoring
Ensure that the RCM testing program aligns with the Bank's overall regulatory compliance strategy and risk management framework
Team Management and Development:
Lead, mentor, and develop a team of compliance professionals
Foster a collaborative and high-performance culture within the team
Monitoring and Testing:
Oversee the planning, development, and execution of enterprise-wide compliance testing and monitoring activities
Collaborate with business units to enhance regulatory compliance controls and mitigate identified risks
Analyze testing results, identify trends, and make recommendations for improvements
Prepare and present comprehensive reports on compliance testing results to senior management and relevant stakeholders
Communicate findings, recommendations, and action plans to various levels of management and ensure timely resolution of identified issues
Maintain adequate documentation and work papers to support testing activities and findings
Bachelor’s degree in Business, Finance, Law, or a related field; Minimum of 8-10 years of experience in regulatory compliance, audit, or related roles within the financial services industry
Strong knowledge of relevant regulatory frameworks, including OSFI E-13, the Bank Act, AML/ATF, Privacy, FATCA, and CASL
Proven leadership and team management skills
What we offer [For full-time permanent roles]
#Medical, dental, vision, life, and disability benefits
#Generous vacation policy and personal days
#Virtual events to connect with your fellow colleagues
#A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion.
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