Compliance Control Testing Specialist

Job Overview

The Compliance Controls Testing Specialist role contributes to Wawanesa’s second line Enterprise Compliance team. This role works under minimal supervision of the Director, Compliance Programs & Reporting to perform testing and monitoring of activities supporting Wawanesa’s Regulatory Compliance Management (RCM) framework and complying with OSFI’s E13 RCM Guideline by maintaining the regulatory risk universe.

Job Responsibilities

• Manage the regulatory risk and controls universe, assessing regulatory compliance risk based on the RCM framework and Enterprise policies.
• Conducts testing of internal controls to assess Wawanesa’s compliance with applicable laws, regulations, and regulatory guidelines.
• Research and analyze relevant Canadian federal and provincial laws and regulations.
• Design and execute test procedures, including criteria development, questionnaires / surveys, evidence identification and coordinating processes and procedures documentation.
• Conduct stakeholder interviews, review documents, and prepare comprehensive working papers.
• Identify and document instances of non-compliance and potential regulatory issues, supporting compliance reporting processes.
• Provide recommendations to strengthen internal controls to Management.
• Cultivate working relationships with key stakeholders, collaborating across oversight functions.
• Work closely with the Legal and Governance team to assess and mitigate regulatory compliance risks.
• Contribute to additional duties, projects, and responsibilities as assigned.

Qualifications

• Minimum 3 years’ regulatory compliance, internal audit, or external audit experience performing control testing, preferably in a regulated financial institution.
• Post-secondary degree / certificate or an equivalent combination of education and experience in business management, legal, public policy, or information systems.
• Interest in or actively pursuing the CIP designation would be considered an asset.
• A working knowledge of Microsoft Excel is required.
• Experience with governance, risk, and compliance tools such as Ethidex, Archer, MetricStream would be considered an asset.
• Experience with Guidewire and insurance / broker management systems would be an asset.
• Excellent attention to detail, analytical and problem-solving skills, with the ability apply critical thinking to principles-based laws and regulations.
• Exceptional written and oral communication skills, with the ability to communicate at the right level for the audience and present information or arguments in a convincing manner.
• Excellent planning, organizing, and time management skills.
• Ability to work independently as part of a team.
• Excellent attention to detail with the ability to influence key relationships.
• Bilingualism (French and English) would be considered an asset.

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Wawanesa is proud to be one of , a in Canada and a in Canada recognizing an exceptional place to work!

Diversity Equity, Inclusion & Belonging

Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all.

Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status : race / ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy / childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status.

Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process.