Regulatory Compliance Manager

Who We Are
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we're passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.

OUR VALUES, OUR PASSION
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Customer-Focused. Passionate Advocates
• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving
• Be Exceptional. Inspire Greatness

Position Summary
The Regulatory Compliance Manager plays a vital role in supporting the execution of HomeEquity Bank's Compliance Management Program. The successful candidate will be an integral member of the Compliance team and assist with the implementation, enhancement, and ongoing maintenance of the Bank's Regulatory Compliance Management (RCM) framework. Key responsibilities include contributing to the development and execution of core compliance processes such as compliance monitoring and testing, regulatory reporting, and continuous improvement of related frameworks. The successful candidate will work closely with business units, front-line risk management (1B), and other risk functions to strengthen the Bank's overall compliance posture and ensure alignment with regulatory requirements.

As part of the second line of defense, the Regulatory Compliance Manager will support the independent challenge function by ensuring end-to-end adherence to Bank policies and procedures. The role also provides subject matter expertise in Privacy Risk and actively contributes to the execution of key compliance initiatives.

This position reports directly to the Director of Compliance.

MAJOR ELEMENTS OF THE ROLE
Key Accountabilities Of This Position Include

• Manage the annual RCM Assessment process, including advisory support for risk and control owners.
• Support the on-going development of the Compliance Monitoring and Testing Program and participate in regular testing of Regulatory Compliance Risk themes.
• Support the development of other RCM policies and procedures as the Bank continues to mature its Compliance function.
• Support assessment of and new initiatives.
• Provide advisory support and effective challenge of Compliance issues and corrective action plans.
• Contribute to a culture of compliance and risk awareness across the Bank through effective stakeholder management.
• Support engagement with Regulators and External auditors, as required.
• Support the development of junior Compliance team members and facilitate collaboration across the second line oversight functions.

Qualifications
SKILLS AND EXPERIENCE REQUIRED

• Undergraduate degree in Business, Finance, Legal, or a related field preferred. Post-graduate degree or other related designation, e.g., CPA; CFA; is considered a strong asset.
• 8+ years of professional work experience within a regulated financial institution in Compliance, Legal, or Risk Management
• Experience developing and managing Compliance programs.
• Outstanding analytical and problem-solving skills, with a demonstrated track record of success in stakeholder engagement
• In depth experience with GRC system (e.g. Resolver) functionality
• Proficient in Microsoft Office Suite
• French Language would be an asset.

Attributes

• Strong subject matter expertise in Canadian banking, AML, and privacy laws and regulations and awareness of pending regulatory changes at both the federal and provincial levels.
• Ability to assess, understand complex regulations and translate technical issues into actionable processes for optimal business impact.
• Strong organizational skills sufficient to manage multiple Compliance and regulatory initiatives across the Bank.
• Strong negotiation and communication skills (written and oral), with flexibility to pivot to accommodate business constraints and work with both junior and senior stakeholders.
• Attention to detail with ability to deliver against multiple conflicting deadlines.
• Broad general knowledge of the Canadian regulatory regime and risk management best practices
• Must be pro-active, self-motivated and a self-starter.
• Proven ability to manage relationships and influence stakeholders.
• A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team.
• Ability to work independently while supporting both senior leaders and junior team members.

Working Conditions Unique to Job

• Standard office environment, Hybrid work model

WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre
We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto's Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures , the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People
We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say 'great job' to their colleagues and leaders.

From our Appreciate Program to the High Five Award Program and President's Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks

• HomeEquity Bank offers a competitive total rewards package that includes:
• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know
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