Regulatory Compliance Specialist, Testing & Monitoring

Natixis Corporate & Investment Banking; Montreal; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial services firm in Canada seeks a Canada Branch Compliance Officer to ensure adherence to regulations. The role involves developing compliance programs, providing training, and managing regulatory relationships. Ideal candidates will have extensive experience in compliance within global financial institutions.

Qualifications

• Over 10 years of compliance experience within a global financial services firm.
• Proven track record in establishing a compliance program.

Responsibilities

• Ensure compliance with local and cross-border regulations.
• Develop and implement a robust Compliance Program.
• Provide training on new regulatory developments.

Skills

Compliance Knowledge

Regulatory Relationships

Anti-Money Laundering

Education

Bachelor’s degree in Economics, Finance, Business Management

MBA, JD, or equivalent advanced degree

Tools

MS Office Suite

Job description

At Natixis, we are committed to delivering a comprehensive range of financial services in Canada while upholding the highest standards of ethics and customer protection. We are seeking a dedicated Canada Branch Compliance Officer to ensure that our operations and employees adhere to all applicable local and cross-border regulations. This includes compliance with the Office of the Superintendent of Financial Institutions (OSFI), Ontario Securities Commission (OSC), National Instrument 33-103, the Bank Secrecy Act, the USA Patriot Act, and other relevant Canadian and global regulatory requirements. Reporting to the Canada Senior Country Manager and the Head of Advisory Compliance in New York, the Canada Branch Compliance Officer will play a pivotal role in developing and implementing a robust Compliance Program for Natixis Canada Branch. This position involves providing actionable advice and insights across all business lines, including lending, derivatives, and securities, on both domestic and cross-border activities. Key areas of focus will include anti-money laundering and government sanctions, information barriers, cross-border trading and sales practices, regulatory reporting, and the assessment of new regulations impacting our operations in Canada and abroad. Oversee and manage the Compliance support and guidance for the Canada Branch and other Natixis entities operating in Canada, collaborating with Front Office business lines and Support Functions. Contribute to the development and preparation of the General Compliance Risk Assessment. Provide training to Natixis staff in Canada on new regulatory developments and internal policy requirements. Prepare the Annual Canada Branch Chief Compliance Officer Opinion. Assist in implementing second-level testing and monitoring controls, evaluating the effectiveness of first-level controls to ensure compliance with applicable Canadian regulations. Support Natixis Canada Branch employees in adhering to company policies related to anti-money laundering. Collaborate with Americas Compliance to develop and maintain local AML policies, considering new laws, regulations, and industry best practices. In partnership with Americas Compliance, assess internal controls and anti-money laundering compliance programs through transaction analyses, compliance reviews, and training sessions. Manage and coordinate regulatory and internal audit examinations for Natixis Canada Branch and its affiliates, addressing regulatory inquiries and following up on findings as necessary. Work closely with Compliance colleagues in the Americas and Head Office on cross-border projects and the implementation of new regulations affecting Canadian operations. Review and refine global compliance policies and procedures from the Americas and Head Office to ensure alignment with local requirements. Assist in leading ad-hoc projects as requested by the Canada Branch Principal Officer or the Chief Compliance Officer for the Americas. Bachelor’s degree in Economics, Finance, Business Management, or a related field; an MBA, JD, or equivalent advanced degree is a plus. Over 10 years of compliance experience within a global financial services firm or regulatory agency, with a preference for candidates knowledgeable about foreign bank branches operating in Canada. Comprehensive compliance knowledge that meets or exceeds the proficiency requirements for Chief Compliance Officers of Exempt Market Dealer registrants. OSFI, OSC, FCAC, AMF) and experience in managing regulatory relationships. In-depth understanding of Canadian regulatory requirements pertaining to lending branches, securities, and derivatives, including Exempt Market Dealer activities. Proven track record in establishing a comprehensive compliance program within a global financial institution. Experience in fostering a culture of compliance and integrating compliance into daily business operations. Proficiency in MS Office Suite (Outlook, Word, Excel, Access, PowerPoint). ii) passed the PDO Exam or the Chief Compliance Officers Qualifying Exam, and (Natixis will not tolerate any form of discrimination based on age, color, mental or physical handicap or disability, pregnancy, marital status, sexual orientation, national origin, alienage, ancestry or citizenship status, race, religion, sex (including sex stereotyping, gender identity, gender expression or transgender status), veteran status, creed, genetic information or carrier status, or any other protected characteristic as established by law. Management is expected to provide leadership in supporting the firms EEO program by taking steps to promote EEO in all facets of employment including recruitment, hiring, retention, promotion, performance assessment, and career-development opportunities.

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