Compliance Testing Consultant

Job Title - Compliance Testing Consultant

Number of Positions - 2

Job Location - Toronto, Ontario

Job Description -

Compliance Testing Consultant

RSM Risk Consulting | Temporary Engagement
Location: Toronto, ON | Hybrid
Duration: 6 12 months. Initial contract: three months to be extended from there

Position Overview

RSM is seeking experienced Compliance Testing Consultants to support our Risk Consulting practice on a large-scale compliance monitoring and testing engagement for a financial services client.

The consultants will support the execution of a risk-based Monitoring & Testing program, providing independent compliance testing across multiple regulatory areas and business units. This role will lead end-to-end testing activities, including regulatory analysis, control assessment, walkthroughs, sampling, evidence review, issue identification, documentation, and reporting.

Successful candidates should bring 5 7 years of relevant experience, with a strong background in investment banking, capital markets, and regulatory compliance testing.

Key Responsibilities

• Execute end-to-end, risk-based compliance monitoring and testing engagements.
• Review and interpret applicable regulatory requirements and determine appropriate testing scope.
• Assess regulatory requirements and associated control mappings.
• Conduct walkthroughs with business, compliance, risk, and control stakeholders.
• Develop testing procedures and execute sample-based testing.
• Review supporting evidence and evaluate the design and effectiveness of compliance controls.
• Document testing procedures, results, conclusions, and potential findings.
• Communicate testing observations and potential issues with stakeholders.
• Prepare clear and concise testing reports for senior management and other stakeholders.
• Coordinate with Compliance Advisory, Governance & Controls, Internal Audit, testing teams, and business stakeholders.
• Support annual and quarterly testing planning, coverage assessments, quality reviews, plan changes, and management reporting.
• Investigate regulatory mapping, control ownership, and data-quality issues.
• Record and track findings in ServiceNow and support remediation planning.
• Manage multiple testing engagements and stakeholder priorities concurrently.

Required Qualifications

• 5 7 years of relevant professional experience in compliance testing, regulatory compliance, monitoring, risk and controls, or compliance assurance.
• Strong experience within investment banking, capital markets, banking, or financial services.
• Hands-on experience executing risk-based compliance testing and/or second-line monitoring and testing.
• Strong knowledge of regulatory compliance and controls within an investment banking or capital markets environment.
• Ability to interpret regulatory requirements and assess whether controls effectively address those requirements.
• Experience with walkthroughs, sampling, evidence review, controls assessment, testing documentation, and issue identification.
• Strong analytical skills and professional judgment.
• Excellent written communication and documentation skills.
• Strong stakeholder management skills with the ability to work across business, compliance, risk, and audit functions.
• Ability to independently manage complex testing engagements and competing priorities.
• Proficiency with Microsoft Office.

Preferred Qualifications

• Experience within a Canadian banking or financial services environment.
• Prior consulting or client-facing experience.
• Experience with ServiceNow and/or MERLIN.
• Experience working within a second-line Compliance Monitoring & Testing function.
• Familiarity with regulatory requirements applicable to investment banking and capital markets activities.