VP & Chief Compliance Officer

Alterna Savings; Ottawa; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a dynamic VP & Chief Compliance Officer to lead their Regulatory Compliance Management Framework. This role is pivotal in ensuring adherence to regulatory requirements and involves collaboration across various business lines. The CCO will also act as the Chief Privacy Officer and Chief Anti-Money Laundering Officer, overseeing compliance with privacy laws and managing AML/ATF programs. This position offers an exciting opportunity to shape compliance strategies and engage with stakeholders to uphold the organization's commitment to regulatory excellence. If you have a strong background in compliance and leadership, this role is perfect for you.

Qualifications

• 10+ years of leadership experience in banking or compliance.
• Professional compliance designation or equivalent experience.

Responsibilities

• Overseeing compliance with laws and regulations across jurisdictions.
• Managing privacy compliance in accordance with PIPEDA and provincial laws.
• Developing and executing an annual Compliance Plan based on risk assessments.

Skills

Leadership in Banking

Regulatory Compliance

Privacy Law Knowledge

AML/ATF Compliance

Communication Skills

Problem-Solving Skills

Policy Development

Education

University Degree in Business

Job description

The VP & Chief Compliance Officer (“CCO”) is responsible for designing, implementing, and operating the organization’s Regulatory Compliance Management Framework and related compliance frameworks to protect the organization and support strategic goals. The role ensures adherence to relevant regulatory requirements through policies, guidelines, and processes. The CCO collaborates across all business lines and oversight groups to ensure a consistent, integrated approach to compliance governance aligned with the overall framework. Additionally, the CCO serves as the Chief Privacy Officer (“CPO”) and Chief Anti-Money Laundering Officer (“CAMLO”).

Key Responsibilities include:

• Overseeing compliance with laws, regulations, and guidelines across jurisdictions where Alterna operates.
• Ensuring stakeholders are informed about compliance risks and regulatory requirements.
• Monitoring and testing compliance effectiveness through a risk-based approach.
• As CPO, managing privacy compliance in accordance with laws like PIPEDA and provincial privacy laws.
• As CAMLO, managing AML/ATF programs in compliance with applicable laws such as the PCMLTFA.
• Ensuring compliance with consumer protection policies and regulations, including relations with FCAC.
• Monitoring emerging compliance issues and upcoming legislation.

Major Responsibilities

Chief Compliance Officer

• Identifying and managing compliance responsibilities and regulations affecting Alterna.
• Developing and executing an annual Compliance Plan based on risk assessments.
• Updating and communicating compliance policies.
• Collaborating with stakeholders to incorporate legislative requirements into business processes.
• Providing ongoing training on compliance topics.
• Monitoring adherence to laws and regulations and reporting significant issues to senior management.

Chief Privacy Officer

• Overseeing employee compliance with privacy laws and policies.
• Keeping the privacy program current with identified risks.
• Managing breach notifications and reporting.
• Conducting self-assessments and implementing privacy improvements.

Chief Anti-Money Laundering Officer

• Managing AML/ATF controls enterprise-wide using a risk-based approach.
• Maintaining current AML/ATF policies and conducting annual risk assessments.
• Implementing training programs and ensuring effective reporting of suspicious activities.

Contacts

• Internal: ELT, Finance & Audit Committee, Board, management staff.
• External: Industry peers, regulators, Internal Audit.

Qualifications

• University degree in a business-related field.
• At least 10 years of leadership in banking or compliance.
• Professional compliance designation or equivalent experience.
• Experience as a Privacy Officer and CAMLO.
• Familiarity with regulators like OSFI, FSRA, Fintrac, FCAC.
• Strong knowledge of financial institution compliance factors.
• Excellent leadership, communication, and relationship-building skills.
• Ability to analyze legislation and develop policies.
• Strong organizational, problem-solving, and process design skills.