Associate Director, Regulatory Compliance Management Testing Program

EQ Bank Equitable Bank
CA - Toronto
January 3, 2025

Join a ChallengerBeing a traditional bank just isn't our thing.
We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.
Our team is made up of inquisitive and agile minds that find smarter ways of doing things.
If you're not afraid of taking on big challenges and redefining the future, you belong with us.
You'll get to work with people who will encourage you to reach new heights.
We like to keep things fun, ask questions and learn together.We are a big (and growing!) family.
Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years.
Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members.
Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.
Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.The WorkThe Associate Director, RCM Testing, will lead the development, implementation, and continuous improvement of the Bank's Regulatory Compliance Management (RCM) testing program.
This individual will play a pivotal role in ensuring the Bank's adherence to regulatory requirements and internal policies, particularly in alignment with OSFI E-13 guidance.
The Associate Director will oversee the testing activities related to various regulatory frameworks and manage a team of compliance professionals, including the Senior Manager, RCM Program Management and Testing.The Core Responsibilities!RCM Testing Program Leadership:
Provide strategic direction and leadership for the RCM testing program, ensuring comprehensive coverage of all relevant regulatory areas, including the Bank Act, Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Consumer Provisions, Whistleblower, FATCA, and CASLDevelop and maintain policies, procedures, and methodologies for effective compliance testing and monitoringEnsure that the RCM testing program aligns with the Bank's overall regulatory compliance strategy and risk management frameworkTeam Management and Development:
Lead, mentor, and develop a team of compliance professionalsFoster a collaborative and high-performance culture within the teamProvide guidance and support to team members in the execution of their responsibilitiesMonitoring and Testing:
Oversee the planning, development, and execution of enterprise-wide compliance testing and monitoring activitiesCollaborate with business units to enhance regulatory compliance controls and mitigate identified risksAnalyze testing results, identify trends, and make recommendations for improvementsReporting and Communication:
Prepare and present comprehensive reports on compliance testing results to senior management and relevant stakeholdersCommunicate findings, recommendations, and action plans to various levels of management and ensure timely resolution of identified issuesMaintain adequate documentation and work papers to support testing activities and findingsLet's Talk About You!Bachelor's degree in Business, Finance, Law, or a related field; advanced degree or professional certification (e.g., CAMS, CRCM) is preferredMinimum of 8-10 years of experience in regulatory compliance, audit, or related roles within the financial services industryStrong knowledge of relevant regulatory frameworks, including OSFI E-13, the Bank Act, AML/ATF, Privacy, FATCA, and CASLProven leadership and team management skillsExcellent analytical, communication, and presentation skillsAbility to work collaboratively with cross-functional teams and influence stakeholders at all levels of the organizationWhat we offer (For full-time permanent roles) Competitive discretionary bonus✨ Market leading RRSP match program

Read the full job description and apply online on the recuiter's web-site

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