Manager, Risk and Controls Inventory

Tangerine; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A financial services organization in Toronto is seeking a Compliance Specialist to manage regulatory risks and ensure effective compliance controls. You will design and maintain risk inventories, collaborate with business units, and support compliance assessments. Ideal candidates have a bachelor's degree and at least 3 years in compliance roles, with strong critical thinking and leadership skills. This role offers flexible work options and great employee benefits.

Benefits

Diverse and inclusive team

Access to online and in-person courses

Pension and benefits programs

Flexible workspace

Qualifications

• Minimum 3 years of experience in compliance, legal, regulatory disciplines.
• Strong understanding of compliance risks and regulations.
• Experience with risk identification, documentation, and assessment.

Responsibilities

• Design and implement an inventory of risks and controls.
• Maintain integrity and accuracy of risk controls.
• Map controls to key risks and regulatory obligations.

Skills

Regulatory compliance

Critical thinking

Leadership

Time management

Problem solving

Negotiation skills

Communication

Education

Bachelor's degree in business administration or related discipline

Tools

Microsoft PowerPoint

Microsoft Excel

Microsoft Word

Job description

Is this role right for you?

In this role, you will :

• Design and implement a centralized, scalable inventory of risks and controls covering regulatory and operational risks.
• Ensure key risks and controls are clearly defined, consistently documented, and aligned with the Enterprise Risk Taxonomy and regulatory requirements.
• Maintain the integrity and accuracy of the control inventory through regular updates and quality assurance reviews.
• Map controls to key risks, business processes, and regulatory obligations to ensure comprehensive coverage.
• Support the Enterprise Regulatory Compliance Management (eRCM) program, complete the mapping of new / existing controls to new / existing regulatory obligations.
• Establish governance processes for control lifecycle management, including creation, modification, retirement, and ownership.
• Develop and deliver reporting and dashboards to senior management and risk committees on control coverage, effectiveness, and gaps.
• Partner with business units, risk owners, and control owners to promote accountability and awareness of control responsibilities.
• Provide subject matter expertise and training on control documentation standards and inventory tools.
• Provide support to deliver programs and activities dependent on the control inventory such as Risk and controls self‑assessment (RCSA) program.
• Compliance Risk and Control Assessment (CRCA).
• New Initiatives Risk Assessment (NIRA).
• Support Compliance, Internal Audit, or other testing activities by acting as the central coordinator between testing groups and business units.
• Continuously identify opportunities to improve the effectiveness of risk and compliance policies, processes, and activities.
• Maintain awareness of regulatory requirements, emerging risks and industry best practices in risk and compliance management.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions, with a specific focus on third party risks.

Do you have the skills that will enable you to succeed in this role?

• Bachelor’s degree in business administration or a related discipline.
• Minimum 3 years of experience in compliance, legal, regulatory or closely related disciplines in the Financial Services industry.
• Strong understanding of regulations and compliance risks impacting the Bank and the importance of key mitigating controls.
• Experience with identifying, documenting and assessing risk and controls within the first line.
• Experience in delivering on regulatory compliance projects and / or programs.
• Excellent verbal and written skills with the ability to effectively communicate with business partners at all levels of the Bank.
• Proven leadership and time-management skills.
• Excellent problem solving, critical thinking, and negotiating skills.
• Expert knowledge of Microsoft PowerPoint, Excel, and Word.

What's in it for you?

• You will be part of a diverse and inclusive team of Client‑focused go‑getters looking to learn from each other in an environment that celebrates and recognizes success!
• You will have access to thousands of online and in‑person courses so you can shape your career growth with the support from diverse industry leaders.
• You will get our help to save for your future and to invest in your total wellbeing through our Tangerine benefits.
• You belong here, we are equal and un‑complicated. Bring your true self to work, dress codes don’t apply here.
• You will enjoy workspace flexibility and all the excitement that comes from working at the official Bank of the Toronto Raptors.
• Tangerine employees participate in Scotiabank’s pension & benefits programs (available to permanent employees).