Compliance Specialist

VersaBank; London; On-site; CAD 70,000 - 90,000; Full time

Job summary

A progressive financial institution in London, ON is seeking a Compliance Specialist for a 1-year full-time contract. The role involves managing the compliance program, conducting risk assessments, and ensuring regulatory standards are met. Candidates should possess a Bachelor's degree in Law and have 3-5 years of relevant experience. The institution offers competitive compensation and a supportive work environment.

Benefits

Competitive compensation package

Outstanding benefit program

Tuition refund program

Fitness club membership

Qualifications

• 3–5 years of experience in compliance, risk management, or regulatory affairs.
• Strong understanding of Canadian regulatory frameworks.
• Proven experience working with compliance controls and risk assessments.

Responsibilities

• Develop and maintain systems for risk assessment and compliance tracking.
• Conduct regulatory gap analyses to ensure policies meet compliance standards.
• Collaborate with internal stakeholders to embed regulatory expectations.

Skills

Compliance program execution

Risk assessment

Regulatory compliance

Analytical skills

Communication skills

Problem-solving

Interpersonal skills

Education

Bachelor's degree in Law

Relevant Regulatory Compliance certification

Tools

Resolver software

Job description

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.9 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at versaBank.com.

We are looking for a Compliance Specialist to join the team. This is a 1-year full-time contract based in London, ON.

As a Compliance Specialist, you will be responsible for executing and enhancing the bank’s compliance program, building robust systems for risk assessment, control testing, training, and compliance tracking. You will ensure that internal controls are not only well-designed but effectively tested and aligned with evolving regulatory expectations.

By proactively identifying risks, supporting remediation efforts, and fostering a culture of compliance across the organization, this position directly contributes to the bank’s reputation, regulatory standing, and long-term stability.

Primary Responsibilities

• Develop, implement, and maintain systems for risk assessment, compliance tracking, training, and testing.
• Support the execution and ongoing management of the regulatory projects in alignment with regulatory requirements.
• Conduct regulatory gap analyses and ensure policies, procedures and controls are in place to meet regulatory compliance standards.
• Collaborate with internal stakeholders to ensure regulatory expectations are understood and embedded in business practices.
• Design and execute testing protocols to evaluate the effectiveness of controls and compliance frameworks.
• Monitor and report on compliance risks, escalating issues as needed to senior leadership.
• Maintain up-to-date knowledge of OSFI, FCAC, CDIC and other relevant regulatory bodies’ guidelines and expectations.
• Assist in preparing documentation and responses for regulatory examinations and audits.
• Provide subject matter expertise on regulatory controls, risk management, and compliance testing methodologies.
• Contribute to the development of training materials and facilitate sessions to promote compliance awareness across the organization.

What we look for

• Bachelor’s degree in Law or relevant Regulatory Compliance certification in the financial field.
• 3–5 years of experience in compliance, risk management, or regulatory affairs within the financial services industry.
• Strong understanding of Canadian regulatory frameworks, including OSFI, FCAC, CDIC and other relevant bodies.
• Proven experience working with compliance controls, risk assessments, and testing protocols.
• Familiarity with internal controls, governance structures, and compliance monitoring systems.
• Ability to interpret and apply complex regulations to business operations.
• Skilled in developing and delivering compliance training programs.
• Experience with compliance tracking tools and risk assessment methodologies.
• Experience with Resolver software is an asset.
• Excellent analytical and problem-solving skills, with attention to detail.
• Strong communication and interpersonal skills for cross-functional collaboration.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• High level of integrity, discretion, and professionalism.

What we offer

• A positive team-based work atmosphere that promotes collaboration.
• Competitive compensation package.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership.

Application Procedure

If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.