Manager Enterprise Risk Management (ERM) and Regulatory Compliance

This integral role is responsible for managing and coordinating LSMs risk management activities focusing on identifying evaluating and mitigating operational financial compliance and regulatory risks. They will also ensure that the organization remains compliant with relevant laws and regulations while supporting the development of robust risk management frameworks and strategies.

Framework Development

• Supporting the ongoing development implementation and enhancement of the Enterprise Risk Management (ERM) and Compliance frameworks and policies.
• Supporting the refresh of KRIs EWIs tolerances/thresholds and escalation pathways.
• Supporting the development and ongoing maintenance of risk reporting (themes trends and forward-looking insights) for ELT and the Board
• Collaborating with business leads on risk identification and assessment across all business units ensuring comprehensive risk profiles are established.
• Implementing risk management tools and systems to improve risk identification monitoring and reporting capabilities.
• Supporting the development and maintenance of the ICAAP Recovery Plan ILAAP Climate Risk disclosures and other regulatory deliverables.

Regulatory Compliance

• Ensuring the organization complies with all relevant industry laws regulations and guidelines including financial operational and data protection regulations including but not limited to:
  • Assessing and identifying changes to regulatory and compliance landscape and assessing impact of new/changed regulation and compliance procedures and/or documents determining required changes and level of change management to meet compliance and support and oversee the change(s).
  • Reviewing new and/or changed policies and procedures for the changes.
  • Developing the model implementation and change management plans to successfully implement new/changed processes.
  • Conducting reviews and evaluations of framework and processes to annually refresh.
  • Designing and providing oversight and approval to the development and implementation of the working forms model policies and procedures and knowledge repository assets.
• Monitoring changes in regulations and assessing their impact on business operations advising senior management on necessary adjustments to policies and procedures.
• Coordinating responses to regulatory audits ensuring timely responses to regulatory inquiries and implementing corrective actions when necessary.

Risk Assessment & Mitigation

• Conducting regular risk assessments across business functions and identify emerging risks to be addressed proactively. Specific risk areas include treasury capital liquidity crisis management/business continuity securitization credit market human resources third-party climate and technology.
• Evaluating the effectiveness of current risk mitigation strategies and propose enhancements to reduce exposure.
• Supporting the ongoing development implementation and enhancement of the Enterprise Risk Management (ERM) and Compliance frameworks.
• Reporting & Communication
• Preparing comprehensive reports on risk exposures mitigation efforts and regulatory compliance for presentation to executive teams and board of directors.
• Supporting communication during internal and external audits regulatory inquiries and risk management matters.
• Working with other departments to ensure effective communication and understanding of risk management processes and regulatory requirements.
• Incident Management
• Supporting investigations into significant risk events including operational failures regulatory breaches and compliance violations.
• Supporting the development and implementation of post-incident reports and action plans to prevent future occurrences.
• Providing recommendations for enhancing risk controls based on incident analysis.

Department & Company Support

• Providing input into the development of the corporate strategic plan related to ERM and Regulatory Compliance. With the Director ERM and Regulatory Compliance develops recommends and implements the department plan and budget. Monitors performance results and takes corrective action as appropriate.
• Fostering strong relationships with senior management business leaders and external stakeholders (including regulators and auditors) to ensure alignment on risk management and compliance objectives.
• Working closely with cross-functional teams to address risk-related concerns and promote a risk-aware culture across the organization.
• Acting as back-up to the Director ERM and Regulatory Compliance in their absence.

The Manager ERM & Regulatory Compliance will have successfully completed a bachelors degree in business Finance or Risk Management plus have 5-7 years industry experience in risk management regulatory compliance or a related field or an equivalent combination of education and experience.

• Advanced competency and knowledge in the development and management of ERM frameworks and policies
• Advanced competency and knowledge in the development and operationalization of risk appetite frameworks risk tolerances/limits EWIs and escalation and breach oversight
• Advanced knowledge and competency in the design implementation and ongoing monitoring of KRIs and EWIs including their thresholds trends and remediation tracking.
• Advanced knowledge and competency in the development of board and senior management risk reporting (such as dashboards analysis and commentaries forward looking insights)
• Competency and knowledge in the development of the ICAAP Recovery Plan ILAAP Climate Risk disclosure deliverables
• Familiarity with and supporting enterprise stress testing and scenario analysis.
• Strong oral and written communication skills (including presentation skills)
• Strong interpersonal and relationship management skills with ability to effectively work with diverse stakeholder groups and to interact with all levels of management and staff
• Sound understanding of regulatory environments in the financial services industry and experience in handling compliance issues.
• Proven experience in project management and cross-functional collaboration
• In-depth knowledge of risk management frameworks tools and techniques (e.g. COSO ISO 31000).
• Familiarity with key regulations and standards (e.g. SOX GDPR HIPAA Basel III).
• Demonstrated proficiency in risk management software and tools.
• Strong analytical and problem-solving skills with the ability to evaluate risk scenarios.
• Proven skills in conducting research organizing and compiling data and technical writing
• Ability to manage multiple deadlines and competing priorities

About LSM

LSM is Atlantic Canadas credit union owned financial institution and has partnered with credit unions to provide a wide range of competitive financial products and services to support Credit Union success since 1966.

We are proud to be a Certified B CorporationTM joining a global movement of people using business as a force for good. We are committed to making business decisions that are in the best interests of our employees credit unions and their members.

Curious about what else we do Check out our website or LinkedIn page.

We are committed to providing a work environment that fosters inclusion value and respect and reflects the diversity of the communities in which we live and serve. We encourage and welcome applications from traditionally underrepresented and equity-seeking groups. All qualified applicants will receive equal consideration; however priority will be given to Canadian citizens and permanent residents. Should you require any accommodation during the recruitment process or otherwise please notify us and we will work to meet your accessibility needs.

What we offer:

• Flexibility and balance working from home.
• Working with a dynamic knowledgeable and community-focused team.
• This is a permanent full-time position with an annual salary range of $121513 to $142957
• Competitive performance-based incentives.
• Competitive benefit package including a Flexible Health and Dental Plan.
• Group Savings for Retirement Options up to 8% of base earnings with TFSA option. Matching GSRP contribution by the Company.
• Generous paid time off including Me Time Vacation Sick Days and Volunteer days.
• Tuition reimbursement training and personal development.
• Perks such as reduced rates on employee loans/mortgages plus wellness and social committees.