Regulatory Compliance Manager, Business and Market Conduct

Location:Toronto, Calgary, Vancouver
Job Type:Full Time
myWork Options:In-person, Remote, Hybrid

What's the job?
As a member of the Regulatory Compliance Management (RCM) Team and the Regulatory Compliance Manager, Business and Market Conduct, you will contribute to the execution of Coast Capital's RCM Program and provide Second Line of Defence (2LOD) oversight, including the advisory and effective challenge to the activities of the business lines. Your primary focus is to identify and assess regulatory risks, evaluate the effectiveness of controls implemented by business units and review enterprise projects to ensure compliance with applicable legislation.

What else will you get to do?

Monitors Business Unit business processes to ensure these appropriately reflect regulatory requirements.

Supports the business lines in complying with securities legislation and other regulatory requirements such as the Canadian Investment Regulatory Organization (CIRO) (formerly IIROC and MFDA) rules, provincial securities laws, policies and procedures that align with these requirements.

Acts as the independent and objective second line of defence gives accurate and independent advice to the business and functions stakeholders, and provides observations and recommendations on specific operations, new products, etc., based on understanding the business needs, issues and priorities until final implementation.

Determines whether regulatory risks have been adequately identified and addressed.

Identifies compliance gaps and works closely with the business to address those gaps promptly

Maintains awareness of significant regulatory changes and assists with action plans to address new or amended regulatory requirements and to develop appropriate responses to remain compliant.

Provides subject matter expertise, guidance, support and challenge to the Business Units during the development and implementation of products, processes or systems, including new initiatives and marketing communications to ensure ongoing compliance with regulatory requirements.

Works with Business Units to revise/enhance business processes to appropriately reflect new or changing regulatory requirements.

Provides independent reviews, investigations and evaluations to ensure compliance issues/concerns are being appropriately addressed

Advises and manages the adherence to, adequacy and effectiveness of regulatory compliance controls (including inherent and residual risk ratings) and advises the Business Units in developing additional controls on an as-needed basis. Acts as the go-to person for the business to ensure processes are coordinated, and implementation risks and issues related to compliance are considered and addressed.

Uses data and performance indicators to establish and develop metrics and key risk indicators to identify trends in business activities and evaluate the effectiveness of established policies, procedures and controls

Facilitating remediation/tracking of findings by Audit, Regulators and other oversight groups

Support business lines to increase the level of employee knowledge and the application of best practices.

Who are we looking for?

Bachelor's degree in business or similar areas.

4-6 years of experience interpreting regulations within a Bank or Federally Regulated Credit Union and regulated securities Dealer/and or securities regulatory Body is preferred

Knowledge of regulatory and compliance requirements. (Eg. CIRO, OSC requirements, Exchanges requirements)

Understanding of Fixed Income/OTC trading products

Ability to translate regulatory requirements into project requirements and to communicate legislation and guidelines to various stakeholders.

An excellent understanding of risk assessment methodology and the ability to effectively understand and translate legislation and regulations into business impacts, compliance elements and regulatory risks.

Excellent knowledge of legislation and regulations impacting Federal Credit Unions and Banks

Strong knowledge of financial products and services

Excellent ability to analyze, interpret, synthesize, simplify and communicate complex legislative and regulatory requirements

Excellent communication skills, both verbal and written

Ability to work effectively both independently and as a team member

Equity, Diversity & Inclusion at Coast Capital
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. We see the potential in our employees to achieve amazing things and want to invest in your future. 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 of our employees, our members, and our community.

We strive to provide an accessible candidate experience for our candidates with different abilities. If you require any accommodations, please contact accessibility@coastcapitalsavings.com or call 778-391-5836. We will work with you to meet your needs.


Why join Coast Capital Savings?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

D&I at Coast At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

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Banking, Finance and Insurance Legal