Manager, Compliance Testing

Requisition ID: 215906

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

**Job Purpose**

The Manager, Compliance Testing contributes to the overall success of the Global Compliance Testing program, with a focus on Corporate Functions(‘CF’) that include Global Risk Management, Finance/Tax, HR/Marketing/Real Estate, Technology, Corporate Secretary, Legal, Corporate Security, Communications (Canada). The Manager ensures specific individual goals, plans, and initiatives are executed/delivered in support of the team’s strategies and objectives; and that all activities are conducted in compliance with governing regulations, internal policies and procedures and ethical standards.

**Key Accountabilities**
- Plans and executes compliance testing in Corporate Functions in order to assess compliance controls with legal, regulatory and internal Bank policy requirements.
- Ensures testing is adequately designed and executed to identify potential control gaps and non-compliance with laws and regulations by focusing on the applicable regulatory requirements, policies and procedures and ethical standards of the Bank.
- Actively participates in the development, documentation and communication of the CF testing plan.
- Sustains strategic relationships and develop alliances with key contacts and Corporate Functions partners (EO groups) to ensure alignment of testing across the 3 lines of defence.
- Escalates potential issues and exception items noted during the review process to senior and executive management.
- Reports to Senior Management and Executive on the status and results of testing. Provides analysis and trends on the same. Supports reporting and executive presentation as required.
- Ensure that the stakeholders, senior and executive management of the Corporate Functions respond with appropriate action plans to address all draft recommendations and deficiencies noted during the fieldwork process.
- Manages the issues resulting from testing reviews and monitors the progress of action plans until closure. Identifies potential common themes to propose harmonized action plans.
- Validates actions taken by management to remediate, and to assess the sustainability of these actions to close, reports on progress of testing issues
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Actively participates in the establishment of the second line / Corporate Functions (CF) regulatory compliance testing program and continuously provides feedback to various stakeholders (Corporate Functions, Direct Manager, Executive, Enterprise Compliance) on enhancements to the testing methodology.
- Active participation in the development of Annual /Multi-Year testing plan and methodologies and procedures; including tracking of testing completion against the plan
- Provides advice and counsel to CF departments with respect to the testing program and procedures.
- Identifies and analyzes trends and/or gaps across CF departments.
- Reports findings and metrics to stakeholders including Senior/Executive Management with recommendations on how to improve the effectiveness of controls to CF Management.
- Works closely with counterparts in Compliance to ensure consistency and alignment on the testing program and best practices across the organization.
- Works with wide range of stakeholders including first line, internal controls, operations, internal audit and business/corporate function unit compliance across all jurisdictions to ensure that testing is executed in a well-coordinated manner.
- Liaises with CF departments to implement changes to processes or procedures, as required based on testing results.
- Constantly look for opportunities to automate and increase efficiencies in the testing process.
- Pro-actively identifies potential violations of regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk.
- Builds a high-performance environment and supports a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to regulatory compliance risk, including but not limited to responsibilities under Regulatory Compliance Risk Management Framework.

**Education/Experience**
- Post-Secondary education; preferably a degree/designation in risk management, information technology or audit
- A minimum 3 years of relevant experience in the financial services