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Open nowPosted 14 days ago

Compliance Analyst

HomeEquity Bank10 open roles

Where
Toronto - Headquarters
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Your applicationOpen nowCompliance AnalystHomeEquity Bank · Toronto - Headquarters
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The clock on this job

Early applications get read.

13.7% of postings close within 7 days. Measured by our own scanner across the market. HomeEquity Bank postings stay open a median of 18 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 13.7%7 days
  4. 22.1%14 days
  5. 37.8%30 days
  6. 59.1%60 days
This job: posted 14 days ago

HomeEquity Bank median: 18 days open

The posting

WHO WE ARE

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, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

OUR VALUES, OUR PASSION

At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

  • Customer-Focused. Passionate Advocates
  • Courage to Act. Do the Right Thing
  • One Team. One Vision
  • Think Long-Term. Ever-Evolving
  • Be Exceptional. Inspire Greatness

POSITION SUMMARY

The Regulatory Compliance Analyst supports the execution of HomeEquity Bank’s compliance management program. This role is responsible for assisting in the implementation and maintenance of key compliance frameworks and processes, including regulatory compliance management (RCM), regulatory change tracking, compliance monitoring and testing, and regulatory reporting. The successful candidate will work closely with business units, front-line risk management (“1B”), and risk functions to support the bank’s overall compliance efforts and ensure regulatory expectations are met. This role reports to the Director of Compliance. As a second line of defence role, it will support an independent challenge program with respect to the end-to-end adherence to Bank policies and procedures.

MAJOR ELEMENTS OF THE ROLE

Key accountabilities of this position include:

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 of 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.

SKILLS AND EXPERIENCE REQUIRED

Qualifications

  • 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

Attributes

  • 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
  • Must be 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.

Working Conditions Unique to Job

  • Standard office environment, Hybrid work model

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the 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 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.

Growth and Opportunities We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we 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.

Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.

The Perks (for eligible employees)

  • HomeEquity Bank offers a competitive total rewards package that includes:
  • 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

HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Please note that our successful candidate is required to complete a background check.

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

LinkedIn Youtube Facebook Twitter Instagram Chip.ca

Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.

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