Manager, Rcm - Toronto, Canada - EQ Bank | Equitable Bank

EQ Bank | Equitable Bank

Verified Company

Toronto, Canada

1 week 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.

The Work

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 policy management, legislative tracking, RCM issue management and RCM tool administration.

This position reports to the Director, Regulatory Compliance.

Core Parts of The Role Would Be To:

Policy Management (40%)
Maintain the Bank's Policy Management procedures
Coordination of Policy Translation to French with internal communications and vendor
Maintain policy listing and inventory on SharePoint
Manage quarterly policy reviews with policy owners
Review of Policies to ensure alignment to standards and principles
Maintain list of 3 lines of defence responsibilities for each policy (i.e. attestations, reporting) and coordinate with accountable parties
Legislative tracking (10%)
Maintain legislative listing with legal teams
Monitor legislative updates via vendors and other sources and track action required
Monitor legislative alerts in RCM tool and update compliance assessments accordingly
Communicate legislative updates with impacted stakeholders
RCM Issue Management (20%)
Assist in the maintenance of issues in the Bank's RCM Tool
Assist with issues management reporting on a quarterly basis
RCM Tool Administration (10%)
RCM tool user management (i.e., new requests, employee exist)
Compliance assessment maintenance, including communication and stakeholder support
Adhoc Activities (20%)
Board reporting support as it relates to policy management activities (10%)
Quarterly Compliance Attestation delivery (10%)

Let's Talk About You:

Postsecondary education in business or finance with a minimum of 3 to 5 years of experience working within the Compliance function at a regulated financial institution in Canada. Experience should include exposure to regulatory compliance, risk management disciplines and best practices;
Experience with policy management and governance
Working knowledge of Regulatory Compliance Management
Advanced Excel skills specifically ability to create macros, vlookups and add programming where required;
Ability to organize and compile data to produce metric reports;
Strong organizational skills, demonstrates ability to prioritize assignments, projects and multitask within restricted time constraints;
Excellent verbal and written communication skills;
Proven analytical and problemsolving skills;
Excellent interpersonal skills with the ability to work individually or as part of a team;
Strong attention to detail with the ability to review one's own work;
AML designation (CAMS) is preferred;
Experience in adjudicating transaction alerts and monitoring for retail banking an asset; and
Bilingualism is an asset (English and French).

What we offer [For full-time permanent roles]
\uD83D\uDCB0 Competitive discretionary bonus

Market leading RRSP match program

\uD83E\uDE7A Medical, dental, vision, life, and disability benefits

\uD83D\uDCDD Employee Share Purchase Plan

\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one

\uD83C\uDFDD Generous vacation policy, personal days and even a moving day

\uD83D\uDDA5 Virtual events to connect with your fellow colleagues

\uD83C\uDF93 Annual professional development allowance and a comprehensive Career Development program

\uD83D\uDC9B A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working fro