Regulatory and Compliance Specialist - Vancouver, Canada - Central 1 Credit Union

Central 1 Credit Union
Central 1 Credit Union
Verified Company
Vancouver, Canada

1 month ago

Sophia Lee

Posted by:

Sophia Lee

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Description
Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system.

We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada.

For more information, visit


What we offer:

  • Worklife flexibility
  • Hybrid work environment
  • One time allowance to set up your office for remote first employees
  • Variable annual incentive plan
  • Generous annual vacation allotment
  • Topnotch flexible benefits plan
  • Retirement Plan, matched contributions at 6%
  • Access to a learning platform and educational assistance support
  • Career development opportunities
  • Wellness Flex Fund to support personal interest and activities
  • Day off to volunteer in your community and other paid time off options
  • Corporate discounts

Job Summary:

What you'll being doing:

  • Responsible for the development and modification of content, with a focus on identifying and analyzing regulatory and legislative changes and describing their impact on credit union products and operations
  • Conducting industry research and staying current on best practices, competitor products, and emerging technologies.
  • Identifying and recommending opportunities to improve and streamline program content and departmental processes
  • Working with internal and external legal counsel, team members and other stakeholders to ensure content is accurate and compliant with applicable law and governing regulatory bodies
  • Balancing the need for risk management against usability and member experience
  • Taking ownership for agreed upon deliverables within time, cost and scope
  • Working with the Manager and other team members to ensure product releases are achieved according to agree upon and identified timelines
  • Engaging with other departments and participating on internal committees and working groups to mitigate risk for the credit union system and Central
  • Completing all assigned tasks and updating of all necessary tracking related to time spent, budget and deliverables for content projects
  • Performing member call backs as required for inquiry escalations
  • Completing other projects, as assigned

What you'll have:

  • Undergraduate degree in Finance, Business Administration, Law, or related field 5+ years experience in a regulatory compliance and financial services role or an equivalent combination of education and experience
  • Strong understanding of financial institutions, core products and services, and operations
  • Prior experience drafting policies and procedures at a financial institution is desirable
  • Experience reviewing, analyzing, and summarizing legislation, regulations and/or case law precedents that pertain to financial institutions
  • Strong understanding of financial institutions, core products and services, and operations
  • Experience capturing and documenting complex regulatory requirements and resulting operational impacts
  • Demonstrated experience in a customer service environment in face to face and nonface to face interactions
  • Experience with project management and time tracking software
  • Experience using Microsoft office suite (Word, Excel, Teams, and PowerPoint)
  • Prior experience drafting policies and procedures at a financial institution is desirable
  • Resultsdriven achiever with exemplary planning, organizational, and timemanagement skills.
  • Strong analytical thinking with demonstrated talent for researching, identifying, scrutinizing, improving, and simplifying complex processes.
  • Ability to work independently and make sound judgments with limited direct supervision and guidance
  • Advanced interpersonal skills and the ability to exert influence within the team and across the organization
  • Highly developed problem solving and analytical skills
  • Adaptable technical writing skills with the ability to communicate across multiple audience types
  • Relevant professional certifications (CAMS, CFE, CRM) would be an asset, but are not required
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