Associate Director, CDIC Central Operations

EQ Bank; Toronto; Hybrid; CAD 125,000 - 150,000; Full time

Job summary

A leading financial institution in Toronto is looking for an Associate Director to lead the CDIC Program and collaborate across various functions. The ideal candidate will have 8-9 years of experience in financial services, a strong background in regulatory operations, and excellent leadership skills. This is a permanent, full-time role that offers competitive bonuses and a hybrid work environment.

Benefits

Competitive bonuses

Market-leading RRSP matching program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Generous vacation and personal days

Annual professional development allowance

Qualifications

• 8-9 years in financial services or banking with experience in regulatory operations.
• Familiarity with CDIC regulations and insured deposit operations preferred.
• Project or change management certifications are assets.

Responsibilities

• Lead and coordinate CDIC Program execution across all covered entities.
• Provide updates to executive sponsors and risk committees.
• Track and escalate issues to the Steering Committee.

Skills

Regulatory operations expertise

Cross-functional leadership

Communication skills

Project management

Data governance understanding

Education

Post-secondary degree in Finance, Business Administration, or related discipline

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 digital platform, EQ Bank, has been recognized as 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, they will co-chair the CDIC Steering Committee to ensure regulatory compliance, risk oversight, and program performance. They will 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.
• Participate in CDIC delivery meetings as required and chair the CDIC Steering Committee.
• Provide regular updates to executive sponsors, risk committees, and auditors.

Operational Execution

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

Issue Management & Continuous Improvement

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

Let's Talk About You!

• Post-secondary degree in Finance, Business Administration, or a related discipline.
• 8-9 years in financial services or banking, with a strong background in regulatory operations or compliance.
• 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 communication and facilitation skills across all organizational levels.
• Organized, detail-oriented, and capable of managing multiple priorities under deadlines.
• Adept at navigating ambiguity and aligning cross-functional teams.
• Project or change management certifications (e.g., PMP, CRCM, Prosci) are assets.

What We Offer

• Full-time, permanent roles with competitive bonuses
• Market-leading RRSP matching program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up
• Generous vacation and personal days
• Virtual events to connect with colleagues
• Annual professional development allowance and career development programs
• The opportunity to join a top FinTech and help create a new banking experience

The role is hybrid, with in-office work at our Toronto office located at 2200-25 Ontario Street, Toronto, ON.

Equitable Bank is committed to inclusion. We support a diverse and accessible work environment. Please inform us of any accommodations needed during the recruitment process. Candidates must pass criminal background and credit checks. Only the best-matched candidates will be contacted.

We look forward to meeting you!

Required Experience: Director

Key Skills

Business, Information Management, Accounting, Corporate Risk Management, Faculty, JMS

Employment Type: Full-Time

Experience: 8-9 years

Vacancy: 1