Compliance Testing Manager

Bank of China (Canada); Markham; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is on the lookout for a highly skilled Compliance Testing Manager to oversee compliance testing activities. This role involves developing annual test plans, conducting testing engagements, and identifying compliance risks. The ideal candidate will possess strong experience in compliance and regulatory requirements, alongside excellent analytical and communication skills. Join a dynamic team dedicated to maintaining high standards of compliance and risk management within the financial services sector. This is a fantastic opportunity to contribute to a robust compliance framework and support the Bank's second line of defense.

Qualifications

• 5+ years of experience in compliance testing or regulatory compliance.
• Strong understanding of Canadian regulatory frameworks.
• Professional certifications like CIA or CAMS preferred.

Responsibilities

• Develop and maintain the annual Compliance Testing Plan.
• Conduct compliance testing engagements across branches.
• Prepare comprehensive reports summarizing findings.

Skills

Compliance Testing

Regulatory Requirements

Audit Methodologies

Analytical Skills

Problem-Solving Skills

Communication Skills

Risk Assessment

Education

Bachelor’s degree in Finance

Bachelor’s degree in Law

Bachelor’s degree in Risk Management

Tools

Microsoft Office Suite

Regulatory Compliance Management (RCM)

Job description

Direct message the job poster from Bank of China (Canada)

Job Title: Compliance Testing Manager

Location: Markham, Ontario

Job Type: Full-time

Job Summary:

We are seeking a highly skilled and detail-oriented Compliance Testing Manager to manage and execute compliance testing activities across the Bank. This role is responsible for developing annual test plans, performing testing engagements, identifying compliance risks, and supporting the Bank's second line of defense. The ideal candidate will have strong experience in compliance, regulatory requirements, and audit/testing methodologies, with the ability to work independently and communicate effectively with stakeholders.

What You Will Do:

• Develop and maintain the annual Compliance Testing Plan based on regulatory requirements and internal risk assessments.
• Conduct compliance testing engagements across branches and business units to assess adherence to internal policies and external regulations.
• Develop testing scopes, sampling strategies, and detailed testing procedures.
• Identify compliance deficiencies, control gaps, and areas of improvement through testing activities.
• Prepare comprehensive reports summarizing findings, observations, and recommendations for management review.
• Track issue remediation efforts and conduct validation testing to ensure timely closure of identified gaps.
• Periodically review and enhance the compliance testing methodology and procedures based on changes in regulations or business operations.
• Provide guidance and training to team members and assist in building testing skills across the department.
• Support ad-hoc compliance testing projects, investigations, or regulatory inquiries as needed.
• Collaborate closely with business units, Compliance, Risk Management, and Internal Audit teams to strengthen the Bank’s control environment.

What You Bring to the Table:

• Bachelor’s degree in Finance, Law, Risk Management, or a related field.
• Minimum of 5 years of experience in compliance testing, auditing, or regulatory compliance within the financial services sector.
• Solid understanding of Canadian regulatory frameworks (e.g., OSFI, FCAC, Bank Act, PIPEDA, CASL).
• Familiarity with Regulatory Compliance Management (RCM) programs and tools is an asset.
• Strong skills in testing methodology, risk assessment, and report writing.
• Excellent analytical, critical thinking, and problem-solving skills.
• Effective verbal and written communication skills with the ability to present findings clearly and objectively.
• Ability to manage multiple assignments and deadlines in a dynamic environment.
• Professional certifications such as Certified Internal Auditor (CIA), Certified Anti-Money Laundering Specialist (CAMS), or equivalent are preferred.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook).

Bank of China (Canada) is committed to fostering an inclusive workplace where diversity is valued. We encourage qualified candidates from all backgrounds to apply. Please note that only candidates selected for further consideration will be contacted.

Accommodation: Bank of China (Canada) is committed to providing accommodations throughout the recruitment process. If you require any accommodations, please contact the HR team, and we will be happy to assist.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Analyst, and Legal

• Industries

  Banking

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