Sr Compliance Analyst to support a Money in business project where they will be provide compliance support to this business (day to day personal accounts and guaranteed investment certifications and Registered Products) for a large financial organization. – 46916
Job Type: Contract
Positions to fill: 1
Start Date: Nov 11, 2022
Job End Date: Apr 12, 2024
Pay Rate: Hourly: Negotiable
Job ID: 123586
Location: Toronto
Details
# of positions: 1
Start Date: 10/11/2022 to 04/12/2024
Duration: 18 months (confirmed)
Extension possible: no
Conversion Possible: no
Work Location (Remote, Hybrid or Both?): Hybrid (2 days a week)
SUMMARY OF DAY TO DAY RESPONSIBILITIES:
The Global Compliance Department is responsible for overseeing Regulatory Compliance across The Bank in accordance with the Global Compliance Framework. This includes ensuring that businesses are aware of the legislation under which they are governed, and providing advice and support as required. The team is also accountable for promoting regulatory compliance by developing and maintaining compliance programs, including relevant training, carrying out independent monitoring and oversight activities and meeting reporting requirements.
Job Description
Reporting to the Senior Manager, Canadian Banking Compliance, the Senior Compliance Officer (SCO) will be a member of the Canadian Banking Compliance (CBC) team, and will: a) provide guidance, oversight and expertise to Canadian Banking businesses on regulatory requirements and controls, and assist the businesses in managing their regulatory compliance and conduct risk; and b) provide ongoing oversight and maintenance of our internal Compliance program.
Support of Canadian Banking businesses
The successful candidate will act as a subject matter expert and provide ongoing advice and support on regulatory compliance and conduct risk matters, including consumer protection (under the federal Bank Act or provincial consumer protection legislation), CDIC, Privacy (including PIPEDA and CASL), Conduct Risk, and OSFI Guidelines. This subject matter expertise is leveraged to execute our Compliance oversight program, elements of which include:
• Regulatory Change Management: Provide input on proposed changes to regulatory requirements or guidelines and serve as subject matter expert as those changes are implemented across The Bank ; Assess emerging regulatory or industry risks and recommend policy and/or action to the business;
• Maintain Inventory of Requirements: Maintain inventories of the regulatory requirements applicable to the business, assess the risks of each requirement, and work with business partners to map corresponding controls to mitigate those risks
• Preventive Guidance: review new products and processes; participate in business-initiated projects and provide advice on regulatory requirements; Provide guidance to the business in establishing day to day regulatory compliance controls; Support the implementation and sustainably of an effective first line oversight program within the business
• Detective Activities: Detect and mitigate violations of regulatory or internal policy requirements; Independently monitor and assess effectiveness of business regulatory compliance controls; Support regulatory Compliance Department testing and monitoring programs;
• Issue Management: Provide guidance throughout the life cycle of an issue, from detection to resolution; Review business action plans for effectiveness and timely implementation; Report on existing and emerging regulatory compliance issues and risks to Compliance senior management, business senior management, and regulators as required.
• Regulatory Engagement Assist with responding to regulatory examinations and investigations, completing required filings and reporting to regulators;
• Risk Assessment: Assess the overall state the business' Compliance with regulatory requirements, including the effectiveness of its own Regulatory Compliance Management (RCM) program;
• Reporting: Report identified or emerging risks to senior management within Compliance, the business, applicable Boards, and regulators as required.
Support of internal Compliance program
The successful candidate will also oversee the internal CBC program, which includes oversight and development of policies, job aids, training and strategic initiatives, and represent CBC on pan-Compliance initiatives.
Must Have
NICE TO HAVE
1.) Knowledge of Canadian Banking products, policies & processes is preferred
# of positions: 1
Start Date: 10/11/2022 to 04/12/2024
Duration: 18 months (confirmed)
Extension possible: no
Conversion Possible: no
Work Location (Remote, Hybrid or Both?): Hybrid (2 days a week)
SUMMARY OF DAY TO DAY RESPONSIBILITIES:
The Global Compliance Department is responsible for overseeing Regulatory Compliance across The Bank in accordance with the Global Compliance Framework. This includes ensuring that businesses are aware of the legislation under which they are governed, and providing advice and support as required. The team is also accountable for promoting regulatory compliance by developing and maintaining compliance programs, including relevant training, carrying out independent monitoring and oversight activities and meeting reporting requirements.
Job Description
Reporting to the Senior Manager, Canadian Banking Compliance, the Senior Compliance Officer (SCO) will be a member of the Canadian Banking Compliance (CBC) team, and will: a) provide guidance, oversight and expertise to Canadian Banking businesses on regulatory requirements and controls, and assist the businesses in managing their regulatory compliance and conduct risk; and b) provide ongoing oversight and maintenance of our internal Compliance program.
Support of Canadian Banking businesses
The successful candidate will act as a subject matter expert and provide ongoing advice and support on regulatory compliance and conduct risk matters, including consumer protection (under the federal Bank Act or provincial consumer protection legislation), CDIC, Privacy (including PIPEDA and CASL), Conduct Risk, and OSFI Guidelines. This subject matter expertise is leveraged to execute our Compliance oversight program, elements of which include:
• Regulatory Change Management: Provide input on proposed changes to regulatory requirements or guidelines and serve as subject matter expert as those changes are implemented across The Bank ; Assess emerging regulatory or industry risks and recommend policy and/or action to the business;
• Maintain Inventory of Requirements: Maintain inventories of the regulatory requirements applicable to the business, assess the risks of each requirement, and work with business partners to map corresponding controls to mitigate those risks
• Preventive Guidance: review new products and processes; participate in business-initiated projects and provide advice on regulatory requirements; Provide guidance to the business in establishing day to day regulatory compliance controls; Support the implementation and sustainably of an effective first line oversight program within the business
• Detective Activities: Detect and mitigate violations of regulatory or internal policy requirements; Independently monitor and assess effectiveness of business regulatory compliance controls; Support regulatory Compliance Department testing and monitoring programs;
• Issue Management: Provide guidance throughout the life cycle of an issue, from detection to resolution; Review business action plans for effectiveness and timely implementation; Report on existing and emerging regulatory compliance issues and risks to Compliance senior management, business senior management, and regulators as required.
• Regulatory Engagement Assist with responding to regulatory examinations and investigations, completing required filings and reporting to regulators;
• Risk Assessment: Assess the overall state the business' Compliance with regulatory requirements, including the effectiveness of its own Regulatory Compliance Management (RCM) program;
• Reporting: Report identified or emerging risks to senior management within Compliance, the business, applicable Boards, and regulators as required.
Support of internal Compliance program
The successful candidate will also oversee the internal CBC program, which includes oversight and development of policies, job aids, training and strategic initiatives, and represent CBC on pan-Compliance initiatives.
Must Have
- Understand regulatory requirements and apply that knowledge to business-specific scenarios
- Experience related to regulatory compliance, legal, or risk management – 1 to 3 years
- Communication skills - Ability to liaise with a number of internal stakeholders, including executives, to prepare repor
NICE TO HAVE
1.) Knowledge of Canadian Banking products, policies & processes is preferred
