Compliance Analyst / Officer

Compliance Analyst / Officer

On behalf of our client in the Banking Sector, PROCOM is looking for a Compliance Analyst / Officer.

Compliance Analyst / Officer – Job Description

The Global Compliance Department is responsible for overseeing Regulatory Compliance across enterprise 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

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

Compliance Analyst / Officer – Mandatory Skills

Understand regulatory requirements and apply that knowledge to business-specific scenarios - 1-3 years' experience

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 reports

Strong critical thinking, organizational and problem-solving skills; time management

Strong interpersonal skills with the ability to interact at all levels of the Bank with superior organizational awareness

Ability to provide thought leadership in supporting positive work environments

Compliance Analyst / Officer - Nice to Have Skills

Knowledge of Canadian Banking products, policies & processes are preferred

Compliance Analyst / Officer - Assignment Start Date

ASAP – 18 months to start

Compliance Analyst / Officer - Assignment Location

Toronto, ON – Work Hybrid