Compliance Analyst

About This Role

This role supports the execution of HomeEquity Bank's compliance management program by assisting in the implementation and maintenance of key compliance frameworks and processes. The successful candidate will work closely with business units, front-line risk management, and risk functions to support the bank's overall compliance efforts and ensure regulatory expectations are met. This is a second line of defence role that supports an independent challenge program with respect to the end-to-end adherence to Bank policies and procedures.

Responsibilities

• Support in the execution and continuous improvement of the Bank's Regulatory Compliance Management (RCM) program, including the Reliance Model Framework
• Help maintain and update the Bank's RCM framework, including overseeing requirements mapping and control documentation
• Conduct second-line regulatory compliance testing in collaboration with SME Testing Leads, delivering actionable insights that enhance adherence to regulatory standards
• Manage Reliance Model stakeholder engagement with respect to regulatory change across other Oversight Functions (Finance, Treasury, HR, and Risk), including performing review and challenge on domain assessments, levering compliance systems to record evidence and reporting
• Perform RCM activities as the Monitoring and Testing Program Administrator
• Support the tracking of regulatory requirements from OSFI, FCAC, FINTRAC, and other legislation and regulators using governance, risk, and compliance (GRC) systems (e.g., Resolver)
• Monitor and support regulatory changes and perform impact assessments for Compliance-owned regulations
• Assist with the administration of impact assessments, documentation, and follow up of regulatory change implementation activities
• Use GRC tools (e.g., Resolver) to document compliance testing results, findings, and action plans
• Prepare materials and logs for audit reviews and regulatory examination and ad hoc requests
• Maintain accurate records to regulatory correspondence, action items, and commitments
• Help prepare and update compliance-related policies and procedures to ensure alignment with current regulatory expectations
• Support documentation and communication of compliance requirements across business units
• Maintain tracking of Compliance policy and procedures update and reporting cycles
• Support the development and delivery of Compliance-related and other regulatory training to stakeholders in the first and second lines of defence

Requirements

• University degree in finance, accounting, business administration, law, or related field preferred
• At least 5-6 years of relevant work experience within a regulated financial institution in Compliance or Risk Management
• Outstanding analytical and problem-solving skills, with a demonstrated track record of success in stakeholder engagement
• In-depth experience with GRC system (e.g., Resolver) functionality
• Proficient in Microsoft Office Suite
• Ability to assess complex regulations and translate into actionable processes
• Strong organizational skills sufficient to manage multiple Compliance and regulatory initiatives across the Bank
• Negotiation and communication skills, with flexibility to pivot to accommodate business constraints and work with both junior and senior stakeholders
• Attention to detail with ability to deliver against multiple conflicting deadlines
• Broad general knowledge of the Canadian regulatory regime and risk management best practices
• Pro-active, self-motivated and a self-starter
• A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team
• Complete a background check

Benefits

• Hybrid working environment
• Recognition and celebration of performance, community service, teamwork, and diversity
• Professional growth opportunities and on-the-job training
• Educational Assistance Program designed to reimburse costs related to professional learning and development
• Programs to recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more
• Community Leadership Program with a grant for charity of choice
• One paid day off each year to volunteer at a local charity
• Extended health and dental benefits
• Employee & Family Assistance Program
• Employer-Matched Group Retirement Savings Plan
• Employee Share Investment Plan
• Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
• Employee corporate discount for GoodLife Fitness

Important Details

• Work model: Hybrid

About the Company

HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, it helps Canadian homeowners live retirement on their terms with a range of reverse mortgage solutions that include its flagship CHIP Reverse Mortgage product. The bank has been recognized through awards including Greater Toronto's Top Employers 2024, Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022, and Achievers Top 50 Most Engaged Workplaces 2023.