Senior Manager, Business Compliance

PC Financial; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

PC Financial is seeking a Senior Manager, Business Compliance to oversee the Regulatory Compliance Management System. This role involves providing compliance advisory support, managing regulatory risks, and leading strategic initiatives to ensure adherence to laws and regulations. The ideal candidate will have significant experience in compliance and risk management within the financial services sector, coupled with strong leadership and analytical skills.

Qualifications

• 8+ years experience in Compliance/Risk at a Canadian Financial Institution.
• 5+ years managing complex projects.
• Experience with consumer card payment products.

Responsibilities

• Provide compliance advisory support and lead strategic projects.
• Identify and assess regulatory risks.
• Develop training to educate the business on compliance matters.

Skills

Leadership

Analytical thinking

Communication

Relationship building

Education

Post-secondary education in business, commerce, economics or a related field

Tools

Regulatory Compliance Risk Management Solutions

Job description

Referred applicants should not apply directly to this role.

All referred applicants must first be submitted through Workday by a current Loblaw Colleague.

Location :

500 Lake Shore Boulevard West, Toronto, Ontario, M5V 2V9

When you hire great people, great things can happen.

PC Financial offers unprecedented value to Canadians through payment products. We're a different kind of bank with a different type of team-we're collaborative and supportive and have the freedom and responsibility to thrive. Our purpose is to make the everyday simple and better for our customers, and we strive to make every dollar worth more.

Proudly serving over 3 million customers, PC Financial continues to grow by offering payment solutions and services that reward our customers every day. As a subsidiary of Loblaws Company Inc., we share the CORE values of Care, Ownership, Respect and Excellence. We are dedicated to helping Canadians Live Life Well. Join us on our journey.

• Our hybrid model requires this role to be in office 4 days a week with flexible working hours at our Bathurst / Lakeshore location.

We are looking for a Senior Manager, Business Compliance who will supervise PC Bank's Regulatory Compliance Management System (RCMS) in a key risk management role (second line of defense), to serve as a credible business advisor and partner representing the Compliance organization to the Business to help ensure corporate initiatives and Business processes comply with applicable laws and regulations. The role combines knowledge of risk management with a comprehensive understanding of the financial services related to PC Bank to identify regulatory developments and emerging compliance risks.

What You'll Do :

• Provide compliance advisory support :

Lead and participate in strategic projects, serving as a trusted advisor and partner representing Compliance. Provide expert guidance on applying compliance requirements to new products and initiatives, process improvements, control and monitoring development, remediation of compliance issues, and changes in laws or regulations;

• Identify and assess regulatory risks, evaluate the effectiveness of controls implemented by business units and review thematic areas to ensure compliance with applicable legislation related to PC Bank's various governance functions and PC Bank financial products;
• Identify issues of non-compliance with regulatory requirements and work with the Business to manage remediation of the issues as necessary including identification of root cause and assigning a rating in accordance with the Bank's Compliance Methodology;
• Develop or review training to educate the business on compliance and emerging risk / regulatory matters related matters specific to market conduct, marketing and sales practices; and
• Support the management and execution of PC Bank's RCMS :

Review annual risk assessments, compliance test plans and semi-annual RCMS attestations to handle the Bank's adherence to controls and legislation;

• Lead the management of the Bank's legislative change program. Work with the compliance team to ensure ongoing review and identification of new legislation or changes to legislation including working with the Business to implement and improve controls to ensure adherence to regulatory requirements;
• Develop training to educate the business on compliance and emerging risk / regulatory matters related matters specific to financial services.
• Ensure risks are appropriately identified / communicated and appropriate controls are identified, captured, added to the RCMS to mitigate regulatory risk within PC Bank RCMS;
• Contribute to monthly compliance reporting to Business Compliance Operating Committee and to the Operational Risk Management Committee including any material instances of non-compliance and quarterly reporting to the Conduct Review Committee of the Board on PC Bank's overall state of compliance with applicable legislative provisions.

What You Bring :

• Post-secondary education in business, commerce, economics or a related field, or equivalent experience
• Experience in Compliance / Risk at a Canadian Financial Institution for at least 8 years
• Familiarity with current and emerging legislations related to consumer card payment products and corporate functions
• 5+ years managing complex projects, including operations, process change, policy change, new initiatives
• Leadership experience leading a team and working with cross functional teams / vendors
• Ability to provide coaching and mentorship
• Knowledge of and experience with Regulatory Compliance Risk Management Solutions
• An analytical and creative thinker, with a track record of delivering results
• Strong communication and relationship building skills
• The ability to deal with ambiguity and make intelligent assumptions
• Strong personal responsibility, honesty, and integrity
• A friendly, outgoing attitude; with the ability to establish relationships with key business partners

Come and join a winning team who demonstrates innovation, energy, creativity and vision. We recognize the importance of a diverse workforce and we therefor encourage applications from Aboriginal Peoples, women, members of a visible minority and persons with a disability. We thank all applicants for their interest, however, only those selected for an interview will be contacted.

Number of Openings :

PC Financial recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation's evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and colleagues with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct - it reinforces what our customers and stakeholders expect of us.

Please Note : If you have Employee Self Service (ESS) on Workday, apply to this job via the Workday application.

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