Associate Director, Enterprise Compliance
Associate Director, Enterprise Compliance
Posted on :
28-08-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
This position is responsible for providing subject matter expertise (SME) on establishing compliance with minimum qualifying criteria established by the Office of the Superintendent Financial Institutions Canada (OSFI) to adopt the Advanced Internal Ratings Based (AIRB) approach to calculating regulatory addition the position will guide overall compliance to Basel regulatory directives and coordinate with stakeholders to actively track and update EQBs Senior Management on impacts of emerging Basel regulations
The incumbent will be responsible for supporting the Director Enterprise Compliance Programs in providing oversight for the Banks AIRB Implementation Program (the Program) in accordance with OSFI Capital Adequacy Requirements (CAR) guidelines and senior management addition the incumbent will provide regulatory capital guidance based on OSFIs CAR and institute appropriate governance processes and controls as required to enable the Bank to meet minimum AIRB requirements and support the Banks full application to OSFI for the adoption of AIRB for Credit Risk and ongoing Basel operations post-approval.
Basel Compliance SME (80%)
- Interpret regulatory capital requirements and provide direction on the development of detailed business and data requirements to meet AIRB standards.
- Provide subject matter expertise and guidance on AIRB requirements.
- Support the first line to complete their self-assessments.
- Conduct second line review of first line self-assessments
- Design develop document and implement processes for identifying and validating existing regulatory compliance gaps and related gap closure action plans.
- Ensure timely identification and appropriate escalation of decisions risks issues and actions.
- Support the preparation of the AIRB application package:
- Coordinate the completion of self-assessments
- Collect supporting documentation
- Manage compliance gaps and coordinate corresponding approvals from business stream leads and program sponsors.
- Develop maintain and enhance the Basel Compliance Framework to ensure minimum AIRB requirements are met at the outset and on an ongoing basis.
- Communicate effectively with Basel Program team members to ensure that Basel compliance processes are carried out consistently in accordance with the agreed program timelines.
- Participate in the evolution of the overall Basel Compliance framework to align with best practices and regulatory standards.
- Support internal and external audit related to the AIRB Program.
Change and Stakeholder Management (20%)
- Support Basel regulatory change management relating to OSFI housekeeping changes and other regulatory requirements and help identify any potential compliance gaps.
- Provide timely guidance and mentoring to members of the Enterprise Compliance team.
- Educate the broader Program team and conduct ongoing Basel Compliance training to foster effective compliance.
- Develop and maintain effective relationships with the business units across risk management and with technology teams to ensure Basel AIRB program success.
- Identify appropriate training opportunities or external courses to improve staff effectiveness.
Lets Talk About You!
- Minimum of 7 years of experience in Risk Management Policy Compliance Law or Bank Regulation and/or a PhD/masters degree in mathematical finance financial engineering statistics econometrics or other relevant postgraduate degree.
- Extensive knowledge of OSFI capital adequacy requirements.
- Minimum of 3 years experience with AIRB self-assessments process.
- Excellent oral and written communication skills as well as excellent presentation skills with ability to conduct presentations comfortably to senior and executive management.
- Ability to pro-actively identify and solve problems and escalate issues through the proper governance protocols and channels.
- Knowledge of industry best-practices on self-assessments against regulatory capital model guidelines.
- Strong leadership and people management skills to lead a team to enhance the Banks regulatory capital compliance practices.
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Director
Employment Type
Full-Time
Key Skills
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