Compliance Analyst - Contract

HomEquity Bank; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Compliance Analyst to enhance regulatory compliance management. This role involves performing risk assessments, developing test strategies, and collaborating with various business units to ensure adherence to regulations. The successful candidate will gain invaluable insights into the banking sector while contributing to a culture of excellence and teamwork. With a commitment to professional growth and a hybrid work environment, this opportunity promises to be both rewarding and impactful for those passionate about compliance and risk management.

Benefits

Educational Assistance Program

Volunteer Day Off

Recognition Programs

Flexible Work Environment

Qualifications

• 3+ years in Compliance, Risk Management or Internal Audit in financial services.
• Experience with control testing and regulatory requirements.

Responsibilities

• Support execution of risk and control assessments.
• Prepare reports on control testing results and collaborate on action plans.

Skills

Compliance Management

Risk Assessment

Control Testing

Regulatory Knowledge

Analytical Skills

Communication Skills

Education

Post-secondary Education

Tools

MS Office

GRC Software

Job description

Thursday, May 8, 2025

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, witha 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.

• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving

POSITION SUMMARY:

Reporting to the Director, Compliance, the Compliance Analyst will provide support in the implementation of HomeEquity Bank’s Regulatory Compliance Management (“RCM”) Program. The Compliance Analyst will assist in the performance of risk and control assessments and control testing.

This position requires a detailed-oriented person with excellent administrative, organizational, verbal and communication skills. This person must have the ability to independently prioritize and multi-task with minimal supervision. They must display a high degree of professionalism and work cohesively in a team environment to contribute to the success of a very strong organization.

The successful candidate will have the unique opportunity to enhance their knowledge of regulations that govern the banking industry and develop their regulatory compliance risk management skills through exposure to various areas of the business. The Compliance Analyst will be required to develop a deep understanding of regulatory requirements, businesses, and the Enterprise Risk Management Frameworks and associated programs to effectively conduct testing. Successful candidates must demonstrate strong critical thinking, judgement, and analysis skills.

MAJOR ELEMENTS OF THE ROLE:

• Support the execution of the RCM risk and control assessments performed by the business units
• Review the risk and controlassessments performed by the business unitsto ensure they are complete and address regulatory requirements
• Provide support in the planning and development of test strategies for compliance with various regulatory requirements
• Develop detailed test plans and execute control effectiveness testing for compliance with regulatory requirements
• Prepare reports on the results of control testing and collaborate with business partners to develop appropriate action plans to address identified issues
• Identify, assess, effectively challenge, and oversee the satisfactory resolutions of issues, including adequate management of remediation plans and validation
• Assist in the promotion of regulatory compliance risk awareness within the bank, identify regulatory compliance training opportunities and help coordinate the development of training programs
• Assist in the compliance risk assessments for new projects and initiatives to ensure continued compliance with regulatory requirements and alignment with the Board’s appetite for regulatory compliance risk as outlined in the Bank’sRisk Appetite Framework
• Research regulations by reviewing regulatory bulletins, industry compliance trends, regulatory updates and other sources of information and assess their impact to the Bank
• Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad-hoc Senior Management and regulatory requests
• Maintain compliance KRIs and other compliance logs
• Assist in the monitoring the timely submissions of required regulatory filings and reporting

SKILLS AND EXPERIENCE REQUIRED:

Qualifications:

• Post-secondary education with at least 3 years of experience in Compliance, Risk Management and/or Internal Audit in a regulated Canadian financial services organization
• Prior experience in control testing and/or auditing and reporting will be an asset
• Working knowledge of the Bank Act, OSFI and FCAC Guidelines, Privacy, and other legislation relevant to the Bank
• Proficient with MS Office applications (Word, Excel, PowerPoint)

Attributes:

• Experience with GRC software solutions, such as Resolver will be an asset
• Effective organizational and time management skills with the ability to manage multiple and changing priorities with minimal supervision
• A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team
• Strong attention to detail and accuracy with the ability to analyze and interpret information
• Excellent verbal and written communication skills, including experience in preparing and presenting reports to various levels of management
• Strong interpersonal and conflict resolution skills and strong judgement to escalate with appropriate stakeholders.
• Hybrid working environment

WHY WORK AT HOMEEQUITY BANK?

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 theGreater 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.

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:

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

• 200 Bay St., Toronto, ON M5J 2J1, Canada