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