Regulatory Compliance Manager

_Job Purpose: _

Regulatory Compliance Management (RCM) is an essential element of managing regulatory compliance risk at the Bank. In this position, as a person responsible for the RCM Framework of the Bank, one of the main roles is to identify regulatory risks applicable to the Bank and implement controls to manage the risks. The person will be required to provide guidance to Business Functions on how to identify regulatory risk and implement processes, structures and controls to mitigate the regulatory risk.

The primary responsibilities include the following:

- Identify legislative and regulatory requirements applicable to the Bank including but not limited to the requirements under the _Bank Act_, _Proceed of Crime (Money Laundering) and Terrorist Financing Act _(PCMLTFA), _Personal Information Protection and Electronic Documents Act _(PIPEDA), and OSFI Guidelines_;_
- Develop appropriate controls including policies, procedures, reports, training, etc. based on applicable requirements and best industry practices;
- Conduct independent Compliance monitoring and testing reviews to test effectiveness of RCM controls;
- Conduct Compliance related training programs;
- Provide advice to staff on Compliance matters; and
- Provide assistance with regulatory interactions and providing responses in timely manner.
- Area of Responsibilities:_
- Identify all legislative and regulatory requirements applicable to the Bank.
- Participate in the design and implementation of overall RCM Framework and Policy which is a key element of the corporate governance and due diligence process.
- Manage the Regulatory Compliance Management system used by the Bank.
- Monitor new and changes to applicable regulatory requirements and ensure stakeholders and Business Functions are aware of these changes, and ensure appropriate controls are implemented to mitigate any compliance risks.
- Participate in the design and implementation of various regulatory risk assessment methodology for the Bank. Conduct periodic regulatory risk assessment of Business Functions and prepare reports for communicating with Senior Management.
- Provide assistance to various Business Functions and operations to help develop and document control documentation.
- Develop Compliance training plan and conduct Compliance-related staff training programs.
- Develop independent monitoring and testing schedule. Conduct independent Compliance monitoring and testing reviews and periodic self-assessments plan. Ensure the effectiveness of Compliance controls is evaluated by Business Functions and Compliance and the results are consolidated and communicated to Senior Management.
- Develop compliance monitoring and self-assessment tools. Identify control and process improvement opportunities and provide recommendations. Work with business functions in developing and taking corrective action in a timely manner.
- Provide training and support to business functions in conducting self-assessments and annual self-attestation.
- Ensure timely filing of monthly, quarterly, and annual Compliance reports with different regulators including but not limited to OSFI, FCAC, CDIC
- Provide assistance in preparing internal and external Compliance reports such as annual attestation reports, quarterly briefing notes to the Board, monthly reports to Senior Management.
- Provide assistance in implementation of new/changing regulatory requirements and in implementation of approved policy and procedures.
- Part of overall RCM program, conduct Privacy Impact Assessments for products and services of the Bank.
- Provide assistance with regulatory interactions and providing responses in timely manner.
- Other duties or projects as assigned.

**Job Types**: Full-time, Permanent

Pay: $75,000.00-$85,000.00 per year

Additional pay:

- Bonus pay

**Benefits**:

- Dental care
- Extended health care
- Life insurance
- RRSP match

Flexible language requirement:

- French not required

Schedule:

- Monday to Friday

**Education**:

- Bachelor's Degree (required)

Work Location: In person