Analyst, Operational Risk and Regulatory Compliance

FirstOntario Credit Union; Hamilton; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading credit union is seeking an Analyst for Operational Risk and Regulatory Compliance. This permanent hybrid role involves ensuring compliance with AML regulations, managing documentation, and supporting the development of risk management frameworks. Candidates should have a university degree and strong communication skills, with proficiency in Microsoft Office and knowledge of regulatory policies being essential.

Benefits

Competitive compensation packages

Top-tier health and wellness benefits

Pension Plan

Up to $1000 per year towards professional development

Employee and Family Assistance Program

Qualifications

• University degree or equivalent required.
• Proficient in Microsoft Office Suite, especially Excel and Word.
• Knowledge of AML and regulatory policies is essential.

Responsibilities

• Lead Business Member file reviews for regulatory compliance.
• Manage tracking and reporting of non-responders.
• Collaborate with branches to obtain missing AML documentation.

Skills

Communication

Attention to Detail

Integrity

Multi-tasking

Education

University degree or equivalent

Tools

Microsoft Office Suite

Temenos Banking System

Laserfiche

Job description

Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, including comprehensive benefits packages and health spending account
• Enhanced mental health benefits through SunLife and TELUS Health
• Exclusive banking benefits
• Up to $1000 per year towards professional development
• Pension Plan
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program

Job Overview

The Analyst, Operational Risk and Regulatory Compliance, is responsible for managing the regulatory business review process to ensure business memberships are AML compliant. This involves monitoring project progress, communicating with branches and members regarding documentation, and supporting the Senior Manager, Operational Risk and Regulatory Compliance. Secondary responsibilities include supporting the development of the Privacy Framework, procedures, and Operational Risk Management (ORM) and Regulatory Compliance Management (RCM) Programs.

Role

1. Lead the Business Member file reviews to ensure documentation is complete and meets current regulatory standards.
2. Manage tracking, monitoring, and reporting of non-responders; follow up to obtain required documents, and communicate with Members and branches to ensure timely completion.
3. Collaborate with the branch network and/or members to obtain missing AML documentation and answer inquiries received via the 1-800 Risk Business Review line. Work with managers and other units as needed.
4. Prepare all required documentation and gather pertinent information to ensure complete regulatory files. Refer unresolved deficiencies to the Manager.
5. Review and analyze member documentation to ensure compliance with AML KYC requirements.
6. Liaise with Risk Department, Business Banking, and other stakeholders to ensure regulatory compliance and assist in problem-solving.
7. Support Operational Risk and Regulatory Compliance Programs, including:

• Reviewing legislation and processes for regulatory alignment.
• Supporting development of Privacy Framework and related policies.
• Supporting the implementation of ORM and RCM frameworks and policies.
• Reviewing Privacy assessments and providing recommendations to mitigate Privacy risks.

Promote a risk-aware culture through training and support to lines of business.

Maintain confidentiality of member information.

Ensure accurate data entry using program techniques and technological solutions.

Prioritize health & safety to ensure well-being.

Perform additional duties as required.

Required Skills

• University degree or equivalent.
• Proficient in Microsoft Office Suite (Excel, Word), Temenos Banking System, Laserfiche.
• Knowledge of AML and interest in regulatory policies.
• Experience with Verafin is an asset.
• Experience in regulatory compliance or privacy functions.
• Proven ability to review and ensure regulatory compliance of Business accounts.
• Working towards CAMS or CIPM designation is an asset.
• Excellent communication and customer relationship skills.
• High attention to detail, accuracy, and efficient data entry.
• Integrity and trustworthiness.
• Ability to multi-task and adapt to changing priorities.
• Exercise due diligence and adhere to policies.
• Awareness of and compliance with enterprise risk factors and regulations.

Additional Information

This is a permanent hybrid role, requiring in-office presence once or twice weekly.

Interested but not meeting all requirements? We encourage you to apply! We value diverse backgrounds and perspectives, and inclusion, diversity, and equity are essential to our success. If you need accommodations during the recruitment process, please let us know.