Compliance Testing Manager

Bank of China (Canada); Markham; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading bank is searching for a highly skilled Compliance Testing Manager to oversee compliance testing activities. The role involves developing test plans, executing testing engagements, and reporting on compliance risks. This position requires extensive experience in compliance and a solid understanding of Canadian regulatory frameworks, offering the opportunity to work collaboratively with various stakeholders.

Qualifications

• Minimum of 5 years of experience in compliance testing, auditing, or regulatory compliance within financial services.
• Solid understanding of Canadian regulatory frameworks (e.g., OSFI, FCAC).
• Professional certifications prefered, such as CIA or CAMS.

Responsibilities

• Develop and maintain the annual Compliance Testing Plan.
• Conduct compliance testing engagements to assess adherence to policies.
• Prepare comprehensive reports summarizing findings.

Skills

Analytical skills

Critical thinking

Problem-solving

Communication skills

Testing methodology

Education

Bachelor’s degree in Finance, Law, Risk Management, or a related field

Tools

Microsoft Office Suite

Job description

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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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