Regulatory Compliance Analyst

Industrial and Commercial Bank of China (Canada); Toronto; On-site; CAD 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Compliance Officer to join their dynamic team in Toronto. This role involves ensuring adherence to regulatory requirements and supporting the implementation of the Compliance Program. The ideal candidate will have a strong background in financial services and a keen understanding of Canadian compliance legislation. You will be responsible for monitoring regulatory developments, conducting compliance testing, and assisting in the development of training materials. This is a fantastic opportunity to contribute to a vital function within a leading bank while enhancing your skills in a supportive environment.

Qualifications

• 1+ years in financial services with Canadian regulatory compliance exposure.
• Strong knowledge of OSFI and FCAC guidelines and ability to operationalize them.

Responsibilities

• Monitor compliance with regulatory requirements and internal policies.
• Assist in developing compliance training and support regulatory reporting.

Skills

Regulatory Compliance

Analytical Skills

Communication Skills

Problem Solving

Attention to Detail

Education

Bachelor's Degree in Business

Bachelor's Degree in Finance

Bachelor's Degree in Law

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Microsoft PowerPoint

Job description

Department / Branch: Compliance Department

Location: Downtown Head Office

Reports To: Regulatory Compliance Manager

Employment Type: 6-month contract / Full-Time permanent

Responsibilities:

• Keep abreast of key compliance and regulatory requirements, assist in the implementation of the Bank-wide Compliance Program;
• Monitor and analyze regulatory developments and assess their impact on the Bank, support the Regulatory Change Management;
• Assist with the update or development of policies and procedures for new and changed regulations and/or business processes, and monitor their implementation;
• Assist with the oversight of and adherence to FCAC Consumer Protection related regulations, including Market Conduct and Complaint Handling;
• Conduct independent monitoring and testing to assess compliance with regulatory requirements and internal policies, as per the compliance testing plan;
• Assist in development and updating compliance training decks, coordinate the training delivery and implementation of compliance training plan;
• Support the Team in regulatory reporting to OSFI, FCAC, CDIC, etc. and administrative matters;
• Handle compliance tasks within established guidelines for quality and timeliness under supervision of a senior team member;
• Handle confidential information while interacting with internal and external stakeholders in a professional manner;
• Coordinate the preparation of reports, meeting documents, and other assignment as required, support the Team on various projects and complex tasks.

Qualifications:

• Bachelor’s degree or above, preferably in Business, Finance or Law;
• At least one year of work experience in a financial services environment with exposure to Canadian regulatory compliance;
• Sound Knowledge of regulatory requirements and legislation, including OSFI, FCAC Guidelines. Ability to interpret and operationalize regulatory requirements;
• Good understanding of the Bank’s Compliance policies and procedures;
• Prioritize and manage own workload, handle multiple tasks, and meet deadlines;
• Ability to work independently and cooperatively within a team and throughout the organization;
• Critical thinking and analytical skills with a focus on problem solving and continuous improvement;
• Meticulous attention to detail and very strong organizational and prioritization skills;
• Proficient computer skills including Microsoft Excel, Word, Outlook, PowerPoint, and ability to learn other programs;
• Excellent writing and communication skills;
• Flexible and adaptable to rapidly changing priorities and the ability to handle confidential information;
• Professional attitude and strong adherence to high ethical standards, ability to maintain confidentiality.