Associate Director, CDIC Central Operations

EQ Bank | Equitable Bank; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

EQ Bank, a leading challenger in Canadian banking, is seeking an Associate Director, CDIC Central Operations to oversee regulatory compliance and operational execution of the CDIC Program. This senior role requires a strong background in financial services, regulatory operations, and program management to effectively lead cross-functional teams and initiatives. Join us in redefining the banking experience while enjoying a market-leading benefits package and a commitment to professional growth.

Benefits

Competitive discretionary bonus

Market-leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation policy and personal days

Annual professional development allowance

Comprehensive Career Development program

Qualifications

• 7-9 years in financial services or banking.
• Experience leading cross-functional programs.
• Familiarity with CDIC regulations preferred.

Responsibilities

• Lead and coordinate the operational execution of the CDIC Program.
• Monitor progress on core CDIC activities.
• Track and escalate risks and issues to the Steering Committee.

Skills

Regulatory compliance

Project management

Cross-functional collaboration

Communication

Education

Post-secondary degree in Finance

Business Administration

Tools

Excel

SharePoint

Confluence

Job description

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 670,000 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 six million members. Together, we have over $125 billion in assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The Associate Director, CDIC Central Operations will lead and coordinate the operational execution of the CDIC Program for all stakeholders across all covered entities (Equitable Bank, Equitable Trust, Concentra Bank, Concentra Trust). They will serve as the day-to-day lead of CDIC activities, acting as the central liaison across business units, product teams, and executive stakeholders. Supporting the Executive Sponsor and co-chair the CDIC Steering Committee to ensure regulatory compliance, risk oversight, and program performance, and oversee planning, governance, and status reporting for all CDIC-related deliverables and audits. This role will ensure effective program management, issue resolution, and continuous improvement, while maintaining alignment with all applicable CDIC By-laws, including those governing disclosure, data/system requirements, and premiums.

Program Leadership & Oversight

• Lead the centralized execution of CDIC requirements and activities across product, finance, operations, legal, compliance, and marketing.
• Maintain a master CDIC program plan including deliverables, owners, timelines, and escalation paths.
• Actively participate in CDIC delivery meetings as required and chair the CDIC Steering Committee.
• Provide regular reporting and updates to executive sponsors, risk committees, and auditors.

Operational Execution

• Monitor progress on 13+ core CDIC activities, ensuring deadlines (e.g., FID, Return of Insured Deposits, Differential Premiums Reporting) are met.
• Ensure cross-functional ownership and collaboration on disclosures, testing, data readiness, and system governance.
• Maintain documentation and evidence in line with audit and regulatory expectations.

Issue Management & Continuous Improvement

• Track and escalate risks, issues, and blockers to the Steering Committee and functional owners.
• Identify and implement improvements to CDIC-related workflows, controls, and procedures.
• Coordinate audit responses, regulator queries, and annual policy reviews.
• Lead the annual attestation process for nominee brokers and professional trustees and ensure timely updates to CDIC on trade names and product changes.

Let's Talk About You!

• Post-secondary degree in Finance, Business Administration, or related discipline.
• 7–9 years in financial services or banking with a strong background in regulatory operations or compliance.
• Demonstrated experience leading cross-functional programs or regulatory change initiatives.
• Familiarity with CDIC regulations and insured deposit operations is highly preferred.
• Strong understanding of deposit products, data governance, and compliance frameworks.
• Proficient with tracking and reporting tools (e.g., Excel, SharePoint, Confluence).
• Excellent communicator and facilitator across all levels of the organization.
• Organized, detail-oriented, and able to manage multiple priorities under regulatory deadlines.
• Adept at navigating ambiguity and aligning cross-functional teams.
• PMP, CRCM, Prosci, or related project or change management certifications are assets.

What we offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market-leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your colleagues
• Annual professional development allowance and a comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will work a hybrid schedule, with in-office time spent at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger when we celebrate everyone’s diverse experiences and perspectives. We support and encourage our staff to grow both professionally and personally.

We are committed to providing a barrier-free recruitment process and work environment. Please inform us of any accommodations needed to bring your best self to the application process and beyond. All candidates considered for hire must pass a criminal background check and credit check. Only leading candidates whose skills and qualifications closely match the requirements will be contacted.

We look forward to getting to know you!