Director, Regulatory Compliance – Banking

Recrute Action; Toronto; On-site; CAD 150,000 - 200,000; Full time

Job summary

A leading recruitment agency seeks a Director of Regulatory Compliance for a hybrid role in the banking sector. The position involves overseeing compliance programs, interacting with regulators, and leading training initiatives. Ideal candidates will have extensive experience in the banking industry and strong leadership skills.

Benefits

Dynamic and professional working environment

Inclusive team of professionals

Potential contract extension

Qualifications

• 5–10 years of specialized compliance or legal experience in banking or financial services.
• Subject matter expertise in banking legislation and operational procedures.
• Proven ability to interpret and document regulatory requirements.

Responsibilities

• Lead the regulatory compliance program; develop and oversee policies.
• Prepare compliance reporting for executive leadership and regulatory bodies.
• Act as primary contact for regulatory communications and examinations.

Skills

Analytical abilities

Strong judgment

Excellent interpersonal skills

Effective relationship management

Leadership skills

Strong written and verbal communication skills

Regulatory knowledge

Organizational skills

Problem-solving

Tools

Microsoft Office

Excel

LAN systems

Archer

Job description

Director, Regulatory Compliance – Banking

Strategic compliance leadership role in the insurance industry. Drive regulatory risk management, interact with regulators, and shape enterprise compliance reporting. Hybrid position with executive exposure, ideal for experienced professionals in banking compliance looking to influence key decisions and governance.

What is in it for you :

• Salaried : $60-76 per hour.
• Incorporated Business Rate : $75-91 per hour.
• 18-month contract with potential 6-month extension.
• Full-time position : 37.50 hours per week.
• Weekday schedule from 9 am to 5 pm.
• Hybrid work : in-office Tuesday to Thursday.
• Opportunity to work in a dynamic and professional environment.
• Join a passionate and inclusive team of professionals.

Responsibilities :

• Lead the management of the regulatory compliance program, including development and oversight of relevant policies and procedures.
• Prepare and deliver compliance reporting (monthly, quarterly, annual, ad hoc) for executive leadership, Board of Directors, and regulatory bodies.
• Act as primary point of contact for regulatory communications and examinations, in partnership with the Chief Compliance Officer.
• Review and interpret banking and financial legislation; translate technical requirements into actionable guidance.
• Maintain and audit compliance data in the Regulatory Compliance Management Database (RCMD).
• Manage escalated client complaints through the Client Dispute Resolution Office; coordinate with OBSI and identify trends.
• Collaborate with Line 1B Governance, Risk, Legal, Audit, and other key stakeholders to assess compliance issues and implement corrective actions.
• Respond to regulatory reviews and audit inquiries with well-documented materials and guidance.
• Develop and maintain internal compliance training for stakeholders.
• Ensure adherence to key regulatory frameworks, including the Bank Act, FCAC guidelines, OSFI expectations, and consumer protection requirements.

What you will need to succeed :

• 5–10 years of specialized compliance or legal experience in the banking or financial services industry.
• Legal background considered an asset.
• Proven ability to review, interpret, and document legislative and regulatory requirements clearly and accurately.
• Subject matter expertise in banking legislation, products, and operational procedures.
• Strong written and verbal communication skills.
• Ability to simplify complex regulatory concepts for diverse audiences.
• Demonstrated ability to convert technical legislative requirements into actionable business advice.
• Proven experience interacting with regulatory staff and supporting regulatory communications.
• Exceptional organizational skills.
• Strong analytical abilities.
• Proven multitasking capability; thrives in a fast-paced, high-accountability environment.
• Excellent interpersonal skills.
• Effective relationship management; able to influence without direct authority.
• Strong judgment and the ability to evaluate risks, propose solutions, and escalate issues appropriately.
• Effective leadership skills, with a collaborative and professional approach to managing teams and cross-functional initiatives.
• Comfortable working with fluid responsibilities, shifting priorities, and evolving business needs.
• High ethical standards and professional integrity.
• Proficiency in Microsoft Office, Excel, LAN systems, and Archer (experience with Archer is an asset).

Why Recruit Action?

Recruit Action (agency permit : AP-2504511) provides recruitment services through quality support and a personalized approach to job seekers and businesses. Only candidates who match hiring criteria will be contacted.