Manager, Rcm Program Management and Testing - Toronto, Canada - EQ Bank | Equitable Bank

EQ Bank | Equitable Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Join a Challenger
Being 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 370,000 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 5 million members.

Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our EQ Bank platform ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

Purpose of the Job

***This position will play a key role in the identification, assessment, management, monitoring and reporting of the Bank's Regulatory Compliance Program on an enterprise-wide basis, focused on ensuring alignment with OSFI E-13 guidance. The role will primarily be responsible for conducting testing activities on controls related to the
_Bank Act, _Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Consumer Provisions, Whistleblower, FATCA, and CASL.

This position reports to the Director, Regulatory Compliance.

Main Activities:

-
Regulatory Compliance Management(RCM)

Support the Director, Regulatory Compliance with the development, implementation and maintenance of enterprisewide compliance related policies and procedures for the general operation of the RCM Program and its related activities to enable Management and employees to comply with regulatoryrequirements,andtomanagetheBank'sregulatory,reputationalandotheroperationalrisks.
Subject matter expert on the issues management function within the Bank's RCM Tool (Resolver), this includes adding, maintaining and closing regulatory compliance issues.
Direct, facilitate and advise all business units on the annual testing schedule
Advise business units in the assessment and management of compliance and associated risks in the design, development and implementation of standards, control and certification processes and programs specific to their businesses.
Manage the adherence to, and adequacy and effectiveness of regulatory compliance controls (including inherent and residual risk ratings), and advise the business units in the development of additional controls on an as needed basis. Analyze findings, make recommendations and communicate them to various levels of management, as appropriate. Prepare formal written reports, as required, and track any issues to full resolution. Complete and maintain adequate work papers to support findings.
Remain current on compliance related issues, developments, trends, practices and risks to the Bank and provide sound recommendations for action.
Support the Director, Regulatory Compliance in leading or participating in strategic initiatives and projects where Compliance support is required. Provide advice and guidance to business stakeholders on compliance matters and requirements, as needed.
Regularly review and/or draft internal policies and procedures relating to issues management. This will include, but is not limited to, the development and maintenance of Testing procedures, templates and communications
Work closely with Internal Audit and external regulators during regulatory compliance reviews and examinations
Maintain collaborative working relationships with other second and third line of defense Bank partners in order to foster the development of a compliance culture.
DevelopcommunicationtoolstoensureongoingawarenessoftheRCMTesting

- **Reporting**:

Support the Director, Regulatory Compliance with drafting Board and Management reporting related to issues management and compliance testing results
Report to the Director, Regulatory Compliance on the adherence to, and adequacy and effectiveness of controls over regulatory risk. Ensure that reports provide thorough and concise information for management, as necessary.
Collect, analyze and report on relevant metrics, e.g., RCM gaps and Internal Audit findings. Track and report on related gaps and status.

- **Monitoring and Testing**:

Monitor adherence to the RCM Program by planning, developing, implementing and conducting consistent enterprise
wide compliance testing and monitoring.
Manage the adherence to, and adequacy and effectiveness of regulatory compliance contr