Chief Compliance and Risk Officer

Banque Nationale du Canada; Montreal; Hybrid; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Chief of Compliance, Risk Management, Legal Affairs, and Corporate Insurance Management. This pivotal role involves guiding a talented team and ensuring adherence to regulatory standards while fostering innovation and collaboration. You will act as a key advisor to senior management, leading complex projects that significantly impact the organization. Join a dynamic environment that prioritizes employee well-being and inclusivity, where your expertise will help shape the future of compliance and risk management in the insurance sector.

Benefits

Health and wellness program

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities for community involvement

Virtual sleep clinic

Qualifications

• 10+ years of experience in compliance and risk management.
• Strong background in corporate law and regulatory practices.

Responsibilities

• Lead compliance and risk management initiatives across the organization.
• Draft contracts and liaise with regulatory authorities.

Skills

Critical Thinking

Risk Management

Communication Skills

Corporate Law

Leadership

Regulatory Compliance

Education

Bachelor's degree in a related field

Master's degree in a related field

Job description

Being the Chief of the Compliance, Risk Management, Legal Affairs and Corporate Insurance Management team at National Bank Insurance means acting as an expert within the sector to guide and advise stakeholders and management in decisions requiring expertise in the field of compliance and risk management. This job allows you to have a positive impact on our organization, thanks to your positive leadership, your experience in corporate law and your strong communication skills.

** The role can be based in Montreal OR Toronto depending on the selected candidate.

1. Act as a leader to guide and prioritize the team's work
2. Maximize your team's contribution by encouraging innovative behaviors and establishing performance objectives in line with the business plan for which you monitor and implement
3. Implement a governance framework for both compliance and risk management adapted to the needs of the National Bank Insurance sector and required by regulatory authorities in the insurance field.
4. Plan, guide and conduct risk assessment work to ensure compliance with regulatory requirements.
5. Follow up on action plans further to the recommendations made.
6. Draft or coordinate the drafting of contracts for National Bank Insurance.
7. Participate in National Bank Insurance’s development strategies, act as an expert advisor to Senior Management in acquisitions, outsourcing or corporate restructuring with significant financial implications for the insurance sector and the Bank.
8. Act as a contact person for employees from different sectors in order to align practices across the organization.
9. Lead various complex projects and mandates that have a major impact on National Bank Insurance’s activities.
10. Liaise and communicate with insurance regulatory authorities such as the Autorité des marchés financiers and provincial regulatory bodies across Canada.
11. Support Senior Management, including by serving as the Chief Compliance Officer and Chief Risk Officer on the NBLIC Board of Directors and preparing the required documentation for the Board and the various Board committees in collaboration with the Corporate Secretary’s Office.
12. Participate in other committees, including strategic committees on special projects and the NBC Risk Management Committee.
13. Lead National Bank Insurance’s Litigation Committee and field complaint management.
14. Lead the Bank’s corporate insurance sector; see to insurance renewals for the Bank as a whole and its subsidiaries. Ensure the use of best practices, manage complaints, offer solutions to mitigate risks and ensure efficient risk sharing. Periodically review coverages. Act as an expert for NBC.

Being the Chief of the Compliance, Risk Management, Legal Affairs and Corporate Insurance Management team at National Bank Insurance means acting as an expert within the sector to guide and advise stakeholders and management in decisions requiring expertise in the field of compliance and risk management. This job allows you to have a positive impact on our organization, thanks to your positive leadership, your experience in corporate law and your strong communication skills.

** The role can be based in Montreal OR Toronto depending on the selected candidate.

Your job:

1. Act as a leader to guide and prioritize the team's work
2. Maximize your team's contribution by encouraging innovative behaviors and establishing performance objectives in line with the business plan for which you monitor and implement
3. Implement a governance framework for both compliance and risk management adapted to the needs of the National Bank Insurance sector and required by regulatory authorities in the insurance field.
4. Plan, guide and conduct risk assessment work to ensure compliance with regulatory requirements.
5. Follow up on action plans further to the recommendations made.
6. Draft or coordinate the drafting of contracts for National Bank Insurance.
7. Participate in National Bank Insurance’s development strategies, act as an expert advisor to Senior Management in acquisitions, outsourcing or corporate restructuring with significant financial implications for the insurance sector and the Bank.
8. Act as a contact person for employees from different sectors in order to align practices across the organization.
9. Lead various complex projects and mandates that have a major impact on National Bank Insurance’s activities.
10. Liaise and communicate with insurance regulatory authorities such as the Autorité des marchés financiers and provincial regulatory bodies across Canada.
11. Support Senior Management, including by serving as the Chief Compliance Officer and Chief Risk Officer on the NBLIC Board of Directors and preparing the required documentation for the Board and the various Board committees in collaboration with the Corporate Secretary’s Office.
12. Participate in other committees, including strategic committees on special projects and the NBC Risk Management Committee.
13. Lead National Bank Insurance’s Litigation Committee and field complaint management.
14. Lead the Bank’s corporate insurance sector; see to insurance renewals for the Bank as a whole and its subsidiaries. Ensure the use of best practices, manage complaints, offer solutions to mitigate risks and ensure efficient risk sharing. Periodically review coverages. Act as an expert for NBC.

Your team:

Reporting to the Senior VP and President of National Bank Insurance and you have a team of 6 employees with diverse skills. The team's mandates are varied. It applies to all National Bank Insurance's business units, both for compliance with the legal framework and for the management of risks and the legal affairs associated with them. The team is also responsible for the management (underwriting, claims) of all insurance coverage underwritten by National Bank or one of its subsidiaries.

Requirements:

• Bachelor's degree in a related field and 10 years of relevant experience or master's degree in a related field and 8 years of relevant experience
• Experience in personnel management
• Strong corporate law background
• Knowledge of regulatory and compliance practices in insurance (people and damage) and banking, an important asset
• Knowledge of more complex insurance transactions and products serving corporate or institutional needs
• Member in good standing of the Barreau du Québec and Lawyer title, an asset
• Influencing and advisory skills with Senior Management
• Ability to analyze and synthesize in a large complex company environment
• Ability to structure and document information
• Ability to conduct presentations to a board of directors and Senior Management
• Strong communication and writing skills

Languages:

Reason to require this language: you will need to collaborate with a regulator/authority/government body outside Quebec.

Skills

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Critical Thinking Diversity & Inclusion Emotional Intelligence Innovation Management Risk Management Stress Management Business Alignment Data-Driven Decision-Making Decision Making Learning Agility Mobilization Partner Development Resiliency Strategic Vision Strategy Execution

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family.

* Health and wellness program, including many options

* Employee Share Ownership Plan

* Employee and Family Assistance Program

* Preferential banking services

* Opportunities to get involved in community initiatives

* Virtual sleep clinic

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us,and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

Why work at National Bank?

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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