Assistant Manager Compliance
Assistant Manager Compliance
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Job Description
First National supports requests for accommodation from applicants with disabilities; please contact Human Resources at should you need an accommodation at any point in the recruitment process.
We are hiring an Assistant Manager Compliance!
Reporting To:
Assistant Vice President Compliance
FullTime/Part Time:
Fulltime
Posting Date:
March 19 2025
Closing Date:
April 2 2025
Hours of Work:
8:30 a.m. 5:00 p.m.
Grade:
Office Location:
14.6
Toronto
Great location! Steps away from the main public transit station
What we offer:
Highly competitive compensation package which includes base salary bonus benefits and career advancement opportunities!
*Eligibility for benefits is dependent on the terms of employment
The Opportunity:
This position will play an important role in assisting with the planning and completion of regulatory compliance reviews and the delivery of high quality professional and independent compliance testing. The incumbent will contribute to a strong compliance and risk management culture through collaboration with other first second and thirdline functions to ensure Compliance risks are identified mitigated monitored and reported on an ongoing basis. The incumbent will work closely with key stakeholders throughout the businesses to conduct process and control evaluations as well as identify remediation actions and process improvement opportunities.
Compliance Department Overview:
The Compliance Department at First National performs a secondline of defense function by overseeing the enterprisewide compliance program including managing the regulatory compliance framework providing regulatory guidance and collaborating with business stakeholders to ensure our business strategies plans and initiatives are executed and delivered in compliance with governing regulations internal policies and procedures. This Department is responsible for independently assessing the adequacy adherence to and effectiveness of First Nationals daytoday Regulatory Compliance Management (RCM) controls and for providing an opinion to the Executive Management and to the Board on overall compliance with the applicable regulatory requirements enterprisewide.
How you will contribute:
- Supporting the implementation of the enterprisewide compliance regime
- Conducting riskbased monitoring reviews as part of the Compliance Monitoring Program to assess compliance with regulatory requirements and internal policies
- Assisting the Compliance Department in implementing compliance processes policies and procedures
- Assisting with the update and/or development of policies and procedures for new and/or changed business processes and/or regulations
- Maintaining an understanding of the business units strategies and objectives products and services and business processes as well as the underlying infrastructure to identify and manage compliance risk exposures for the business units
- Supporting the compliance independent testing and monitoring program
- Documenting test cases and results using tracking tools and approved sampling methodologies
- Conducting process and control assessments by documenting process maps assessing risk and control designs
- Evaluating the design and operation of internal controls on assigned projects within the Compliance Audit universe
- Working with the Compliance team and the business units to develop appropriate remediation actions to address any identified issues
- Managing and reporting on the status of control deficiency remediation plans on an ongoing basis
- Ensuring that the AVP Compliance is advised of all material information derived from the monitoring and testing program which will enable the Compliance Manager and Executive Management to provide an opinion on the adequacy of the RCM framework and state of compliance
- Participating in Vendor Risk Management process
- As a people manager the incumbent will engage monitor and develop a team of direct reports. This role will deliver clear instructions to team members address conflicts or difficult situations clarify expectations and provide constructive feedback
- As a people manager the incumbent not only will participate in training/coaching a team of direct report but also guiding directing delegating tasks continuously motivating as well as assessing evaluating and strategizing the employee performance. This role will involve leading team meeting structuring/overseeing projects and workflows assigning tasks and deadlines developing innovative ideas that could improve the compliance program and reporting back to the AVP Compliance
- Keeping abreast of key compliance and regulatory changes and policy/procedures updates through ongoing completion of education programs and attending internal and external seminars and training sessions
- Managing or supporting compliance projects and other business initiatives as required
- Adhere to policies /procedures to ensure AML requirements are met when applicable
The experience you need:
- Undergraduate degree equivalent postsecondary education or an acceptable combination of relevant experience education and/or training
- At least 5 years of experience in compliance risk management or a legal role within a financial institution
- Strong knowledge of compliance testing methodologies and processes
- Demonstrate ability to understand Canadian laws regulations internal controls policies and procedures
- Good understanding and knowledge of:
- Residential commercial and/or construction lending; and
- Regulatory environment and expectations within the Canadian financial services industry: i.e. exposure to the Provincial Mortgage Brokerages Lenders and Administrators Acts the Personal Information Protection and Electronic Documents Act (PIPEDA) and other provincial private sector privacy laws substantially similar to PIPEDA the Proceeds of Crime (Money Laundering) and Financing Act (PCMLTFA) and its regulations OSFI E13 B10 & B20 Guidelines
- Ability to readily recognize and evaluate the impact of current or potential compliance issues
- Strong technical understanding of compliance risk management processes and activities
- Welldeveloped analytical skills and ability to synthesize complex information into accessible and meaningful business guidance
- Ability to effectively articulate findings and issues in concise manner
- Strong attention to detail with ability to multitask prioritize and work well in a fastpaced organization
- Collaborative team player with business relationship building attributes and strong work ethics
- Proficiency with Microsoft Office suite
- Strong verbal and written communication skills in English
Working Environment and Physical Demands Analysis:
- Office environment
- Periods of high volume with tight timelines
- Long periods of stationary position/sitting
- Prolonged periods of repetitive movement (i.e. using a keyboard and mouse)
- Long periods of time in viewing a computer screen
- Multitasking may include speaking to customers on a telephone call while looking up information on a computer program
Why join First National
- Competitive Compensation
- Comprehensive benefits program (i.e. Health Spending Account Maternity and Parental Leave Top Up)
- Hybrid working environment
- Extensive training programs to set our employees up for success
- Modern office environment conducive to collaboration
- Supportive teamwork culture
- Opportunities to give back to the communities and work through events focused on a variety of charities
- Ongoing social events throughout the year
The team youll join:
Founded in 1988 First National is one of Canadas largest nonbank lenders. We provide residential mortgages exclusively through the mortgage broker channel and we are Canadas largest commercial mortgage lender.
First National has been consistently recognized as a great place to work and we are proud that our employee engagement feedback is higher than our industry partners.
We would like to thank all applications for their interest in this existing vacancy but only candidates selected for an interview will be contacted.
#FNLOON
Other details
- Job FamilyProfessional Services .6
- Pay TypeSalary
Required Experience:
Manager
Employment Type
Full-Time
