Vice President, Enterprise Regulatory Compliance
Vice President, Enterprise Regulatory Compliance
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Job Description
About Vancity
Vancity is a member-owned credit union built on the principles of inclusion and social justice. A relentless commitment to their values has helped them challenge the status quo and break down barriers since day one in 1946. They have bold commitments to make Vancity net-zero by 2040 across all mortgages and loans and are pursuing strategies on Indigenous banking and to improve the financial resilience of their members.
Vancity is the largest private sector Living Wage Employer in Canada and has been consistently recognized as one of the Top Employers in Canada. If youre interested in joining their team of 2700 diverse individuals and accessing competitive rewards and benefits all while knowing you are part of a greater movement then apply today!
About the workplace
Were seeking a strategic and experiencedVice-President Enterprise Regulatory Complianceto lead and evolve Vancitys regulatory compliance program. This role oversees critical areas including financial crime (AML sanctions) privacy (PII PCI) and regulatory compliance (BCFSA OSFI FINTRAC FCAC). As a trusted advisor to executive leadership and the Board the VP will foster a culture of compliance while enabling business objectives and managing risk. The ideal candidate brings deep regulatory expertise strong leadership and a proactive approach to compliance oversight and incident management.
This is apermanent full-time role and will enjoy hybrid working arrangements which can be fulfilled primarily from the Vancity head office location and your Lower Mainland-based home office. This role requires you to work on-site around23 days per week.
A typical day would involve:
1. Financial Crime (Anti-Money Laundering (AML)/Terrorist Financing/Sanctions)
- Regulatory Oversight & Interpretation:
- Monitor interpret and communicate relevant AML regulations and guidelines.
- Assess the impact of regulatory changes on the organization and lead the implementation of necessary policy or procedural adjustments.
- Compliance Program Management:
- Develop implement and maintain a robust AML compliance management framework including policies procedures and training.
- Conduct periodic risk assessments and reviews to identify potential areas of AML compliance vulnerability and risk.
- Incident Management & Remediation:
- Lead investigations into AML compliance breaches or regulatory issues.
- Coordinate and oversee remediation efforts in response to identified deficiencies or external findings
2. Privacy
- Regulatory Oversight & Interpretation:
- Monitor interpret and communicate relevant privacy regulations and guidelines including those related to Personally Identifiable Information (PII) and Payment Card Industry (PCI) compliance.
- Collaborate with Legal and IT leadership to identify personal data risks and establish procedures to mitigate these risks.
- Compliance Program Management:
- Develop implement and maintain a robust privacy compliance management framework including policies procedures and training.
- Ensure compliance with PII and PCI standards including data protection encryption and secure handling of sensitive information.
- Conduct periodic risk assessments and reviews to identify potential areas of privacy compliance vulnerability and risk.
- Monitoring and Reporting:
- Establish and oversee privacy compliance metrics and risk indicators.
- Prepare and present regular privacy compliance reports to the Board Audit/Compliance Committee and executive management.
- Incident Management & Remediation:
- Lead investigations into privacy compliance breaches including those related to PII and PCI.
- Coordinate and oversee remediation efforts in response to identified deficiencies or external findings.
- Risk Management:
- Develop and implement risk management strategies to address privacy-related risks including those associated with PII and PCI.
- Collaborate with cross-functional teams to ensure comprehensive risk management and mitigation.
3. Regulatory Compliance (including BCFSA OSFI FINTRAC FCAC etc.)
- Regulatory Oversight & Interpretation:
- Monitor interpret and communicate relevant federal provincial and local banking regulations.
- Assess the impact of regulatory changes on the organization and lead the implementation of necessary policy or procedural adjustments.
- Compliance Program Management:
- Develop implement and maintain a robust regulatory compliance management framework including policies procedures and training.
- Conduct periodic risk assessments and reviews to identify potential areas of regulatory compliance vulnerability and risk.
- Advisory & Training:
- Advise senior management and business units on regulatory compliance requirements and best practices.
- Oversee the development and delivery of regulatory compliance training programs for staff at all levels.
- Monitoring and Reporting:
- Establish and oversee regulatory compliance metrics and risk indicators.
- Prepare and present regular regulatory compliance reports to the Board Audit/Compliance Committee and executive management.
- Incident Management & Remediation:
- Lead investigations into regulatory compliance breaches or issues.
- Coordinate and oversee remediation efforts in response to identified deficiencies or external findings.
You have:
- A university degree in Business Finance or a related field; advanced certifications in compliance or risk management are an asset.
- Minimum 10 years of progressive experience in regulatory compliance including AML privacy and financial services regulations.
- Deep knowledge of Canadian regulatory bodies and frameworks (e.g. BCFSA OSFI FINTRAC FCAC).
- Proven leadership experience in managing enterprise-wide compliance programs.
- Strong analytical investigative and problem-solving skills.
- Excellent communication and stakeholder engagement abilities including Board-level reporting.
- Experience with compliance metrics risk indicators and incident management protocols.
You are:
- Strategic and Visionary You bring a forward-thinking mindset and align compliance initiatives with organizational strategy and long-term goals.
- Values-Based Leader You lead with integrity inclusion and a commitment to Vancitys values of social justice and member well-being.
- Influential Communicator You engage effectively with executive leadership the Board regulators and cross-functional teams to drive clarity and action.
- Risk-Informed You apply sound judgment and deep regulatory knowledge to assess and mitigate enterprise-wide compliance risks.
We value lived experience so if you are interested in this role we encourage you to apply even if you feel your skills dont perfectly align with those listed.
The salary range for this role is $177200 to $266000 annually. Base pay offered may vary depending on factors such as relevant qualifications skills previous experience and internal equity. As part of our total rewards package employees may also be eligible for our annual incentive program subject to program eligibility requirements.
Posting Deadline: Posted until filled
What we offer
A career at Vancity is more than just a job youre joining a tradition of change-makers who are creating lasting change for our communities. Beyond base pay we offer a comprehensive total rewards package to ensure our employees are empowered to thrive:
- We are the largest private-sectorLiving Wage Employerin Canada and have been consistently recognized as one of theTop Employers in Canada.
- Our permanent employees qualify for attractive benefit packages that can be customized and changed each year to meet their evolving needs.
- New employees receive between three to four weeks of vacation allowance per calendar year and the number of vacation days grows.
- In addition to the 10 statutory holidays in British Columbia Vancity provides an additional three statutory holidays. We offer care days for periods of short-term personal illness or emergency family illness.
- We have flex credits for our health care & dental benefits offer three levels of coverage for you to select from. These benefits will also be effective immediately based on your hire date.
- We understand that retirement means different things to different people and at Vancity we will offer you a Defined benefits pension plan that pays you a retirement income for life.
- At Vancity were committed to creating a welcoming and inclusive workplace to help our people and communities thrive and prosper. Diversity in our workforce is integral so that we can truly represent understand and respond to our community needs and deliver on our member experience.
Vancity Talent Programs:
Vancity supports an inclusive hiring process for candidates who self-identify as Indigenous Black or Trans. With special permission from the BC Human Rights Commissioner this initiative provides access to career development opportunities prioritized job screening and feedback. Any information you choose to share will be stored securely and used only for recruitment and career development connected to this initiative in line with the BC Personal Information Protection Act (PIPA). For details please see our dedicated Talent Programs job posting.
We are committed to an inclusive barrier-free and accessible recruitment experience for all candidates. If you require any accommodations or support at any stage of the recruitment process (including the application stage) we encourage you to let us know by contacting our Talent Acquisition team at Were here to work with you to ensure your needs are met promptly and effectively. All requests will be handled with the utmost respect and confidentiality so you can participate fully in the process.
Required Experience:
Chief
Employment Type
Full-Time
