Manager, Compliance

Manager, Compliance

Department: Risk, Actuarial Services, and Plan Policy

Type: Permanent

Location: Toronto (Hybrid)

Posting Date: November 29, 2024

At OPTrust, paying pensions today, preserving pensions for tomorrow is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions. Everyone at OPTrust - in Toronto, London and Sydney - makes a meaningful impact. Our culture is driven by team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone. We work in a fast-paced environment, but we find time to have fun and give back to the community.

What OPTrust offers you

• Unique culture rooted in our core values - collaboration and teamwork, integrity, respect, flexibility, excellence and continuous improvement.

• A purpose-driven environment where we all work towards the common goal of paying pensions today and preserving pensions for tomorrow.

• A flexible, hybrid work model.

• A dedicated inclusion, diversity and equity strategy with meaningful opportunities to participate, including our employee-led resource groups.

• Comprehensive benefits focused on your health and wellness, including dental, vision and extended health benefits, as well as membership in our world-class defined benefit pension plan.

• Extensive professional development opportunities and learning initiatives including access to LinkedIn Learning, guest speakers, tuition reimbursement, professional association memberships, leadership development programs, a mentorship program, monthly professional development time and more.

• A competitive vacation package with additional work-life balance days.

About the role

The ERM & Compliance Team is part of the Risk & Actuarial Services & Plan Policy Division which focuses on the long- and short-term sustainability of the OPSEU Pension Plan (the 'Plan') and OPTrust by mitigating and reporting on risk and delivering on funding objectives. Compliance is responsible for establishing and implementing a framework for managing compliance risk that is properly scoped, right-sized, risk adjusted and feasible.

The Manager, Compliance will be responsible for working in a highly regulated environment leading Compliance initiatives for OPTrust. This position will be responsible for compliance monitoring, reviewing/maintaining the OPTrust compliance program and developing regular and ad hoc compliance reporting.

The Manager, Compliance will oversee a Compliance Analyst who works with OPTrust staff across the organization in the execution of duties and is the first point of contact for employees regarding compliance policies and procedures.

What you'll do

Operational Support & Compliance Monitoring

• Support and administer the Regulatory Compliance Management program, including ongoing risk assessments, monitoring and testing of business line controls, issue management

• Responsible for the management of the compliance policies and procedures, including the Code of Conduct.

• Coordinate with Legal Services in the implementation of compliance policies and procedures relating to OPTrust international offices

• Manage, assess, record, and oversee the satisfactory resolution of compliance incidents, including ensuring adequate investigation and management remediation plans

• Facilitate and assist business partners in the design and implementation of appropriate processes and controls to mitigate compliance risk

• Responsible for implementing and operationalizing the investment compliance program including public markets compliance monitoring and the compliance risk assessment for investment transactions

• As a member of the Compliance team, assist in the implementation and maintenance of the broader Compliance Framework and other compliance activities as necessary

• Assist and work as a close cross-functional collaborator across multiple stakeholders and functions, including Legal, Information Technology Operations and Security (ITOS), Member Experience (MExPO), Finance and People

Internal and External Reporting

• Provide regular and ad hoc reporting to Vice President, ERM & Compliance and other stakeholders regarding compliance

• Prepare or assist in preparation of presentation materials for internal committees and Board of Trustees

• Foster a risk-conscious culture within the organization through effective internal and external communications, educational, training, and orientation programs and processes that ensure compliance is built into all business activities and initiatives.

• Stay abreast of industry trends, emerging technologies, and best practices in regulatory compliance

• Maintain current knowledge of applicable legislation and regulations and work with Legal Services and Plan Policy to advise on implications of legal and regulatory developments.

• Liaise on an ongoing basis with other compliance peers on various issues

Other Requirements:

• Performs other duties as assigned

What you bring

• 8-10 years of industry experience in a senior compliance capacity at financial services, legal or investment environment is highly desirable

• Experience working in a highly regulatory environment

• Post Secondary Education

• Knowledge of pension, investment, and understanding financial conceptsis required

• Demonstrated leadership capabilities and an interest in developing others

• Effective written and verbal communication skills, including writing reports and presenting to audiences at the executive level

• Proven analytical capabilities and ability to synthesize complex information into accessible and meaningful business guidance for a range of compliance matters

• Proficient in Microsoft Office, including Word, Excel, PowerPoint

• Sound judgement and discretion for dealing with confidential and sensitive matters; and demonstrated ability to communicate verbally with discretion, tact and credibility

• Ability to build strong relationships across the organization at all levels to help foster a positive compliance culture

• Exemplify OPTrust's values: collaboration and teamwork, integrity, respect, flexibility, excellence, and continuous improvement

Please submit your application via Workday by December 13, 2024.

Serving a membership as diverse as ours and investing in a global market means cultivating an environment that embraces inclusion, diversity and equity in everything we do. We know a diversity of backgrounds, cultures and perspectives are critical to creating long-term value. OPTrust is an organization engaged in building on our unique and diverse strengths. If you require an accommodation at any time during the recruitment process, or have preferred pronouns, please send a message to careers@optrust. com , or discuss your needs with the Re.