Regulatory Compliance Manager, Regulatory Developments

Coast Capital Savings; Toronto; On-site; CAD 95,000 - 120,000; Full time

Job summary

A leading Canadian financial institution is seeking a Regulatory Compliance Manager to oversee compliance with regulatory obligations. The ideal candidate will monitor new legislation, communicate changes to stakeholders, and manage the regulatory library. A Bachelor's degree and relevant experience in financial services are required. This position offers a hybrid work model.

Benefits

Hybrid work model

Commitment to equity and diversity

Accessible recruitment process

Qualifications

• 4-6 years of experience in a similar role, preferably in banking or credit unions.
• Excellent understanding of legislation impacting Federal Credit Unions and Banks.
• Strong ability to communicate complex regulatory requirements.

Responsibilities

• Monitor and analyze changes in legislation affecting Coast Capital.
• Facilitate communication of regulatory changes to stakeholders.
• Prepare monthly newsletters on regulatory updates.

Skills

Regulatory analysis

Project management

Communication skills

Critical thinking

Detail-oriented

Education

Bachelor’s Degree or equivalent

Job description

Location(s): Greater Vancouver Area; Greater Toronto Area

Job Type: Full Time Regular

myWork Program: Hybrid

Starting Salary Range: $95,900.00 - $120,000

Background Screening Requirement:

• Enhanced Criminal Record Check
• Credit Check
• Identity Verification
• Employment Verification
• References

Job Purpose

As a member of the Regulatory Compliance Management (RCM) Team, the Regulatory Compliance Manager, Regulatory Developments contributes to the execution of Coast Capital’s RCM Program and facilitates business units navigating regulatory changes and ensures operational process and procedures adhere to regulatory obligations. This role includes continuously monitoring of new regulatory developments and other ongoing changes to the regulatory landscape, managing the regulatory library/ inventory of all applicable governing legislation and controls and/or detecting instances of non-compliance, including the assessment of the materiality of applicable regulatory requirements.

Accountabilities

Regulatory Monitoring

• Identifies, monitors and maintains emerging/changing/new legislation and existing legislation Coast Capital must comply with.
• Analyzes industry emerging trends, laws and regulations, including review & analysis of regulatory announcements, reports, and legislative changes (e.g. regulatory consultations, proposed guidance, new regulations).
• Develops, manages and maintains the listing of all regulatory requirements to which Coast Capital is subject.

Communication - Engagement

• Delivers preliminary applicability assessment and quantifies the potential impact(s).
• Facilitates Coast Capital’s Business Units to navigate regulatory changes by notifying and communicating with the impacted stakeholders, ensuring regulatory developments are identified, assessed and actioned.
• Creates concise summaries of regulatory changes for oversight functions.
• Collaborates with leadership and key stakeholders at all levels to build a culture of compliance regarding regulatory processes and tools.
• Prepares the monthly newsletter on all regulatory changes for communication to the Organization.

Regulatory Library

• Contributes to the continuous improvement of the regulatory library supporting the Regulatory Compliance Management Framework (RCMF).
• Manages and notifies Corporate Compliance of updates required to the online regulatory library, identifies changes and communicates them to the affected owners.

Tracking and Reporting

• Responsible for daily tracking and monthly and quarterly reporting on regulatory changes and supporting adhoc requests from stakeholders.

Other

• Help with ad-hoc projects. Documenting standard operating procedures, drafting regulatory procedures. Cross-training within the Compliance Team when needed.

Skills & Qualifications

• Level of Education: Bachelor’s Degree or equivalent combination of education and/or experience
• 4-6 years of experience in a similar role with comparable work; previous experience interpreting regulations within a Bank or Federally Regulated Credit Union is preferred
• Excellent knowledge of legislation and regulations impacting Federal Credit Unions and Banks
• Excellent ability to analyze, interpret, synthesize, simplify and communicate complex legislative and regulatory requirements
• Knowledge of financial products and services
• Strong project management skills with a proven track record of success with regulatory compliance and technology-based compliance projects
• Experience with technology monitoring systems, willingness to learn and use other technology monitoring systems
• Excellent communication skills, proactive and driven for results
• Comfortable dealing with individuals at all levels of the Credit Union
• Excellent communication skills, both verbal and written
• Strong ability to handle complex issues and a high-volume workload with varied time expectations
• Detail-oriented with multi-tasking, analytical, time management and organizational skills
• Ability to work effectively both independently and as a team member
• Critical thinker and proactive worker
• Ability to find efficiencies and confidence to offer suggestions for improvements

Equity, Diversity & Inclusion

Don’t meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone – including our employees. If you’re excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit our employees, our members, and our community.

Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at [e-mail] or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics.