Open to any location in Canada (ability to work from your home office)
Closes June 27
Annual Salary: $53,248 – $73,216
Innovation Federal Credit Union has a bold ambition. In addition to being Canada’s newest Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenets of the digital business model, like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.
We come to work to simplify banking for all Canadians – that’s our purpose.
How does this position help fulfill Innovation’s purpose? Glad you asked!
Reporting to the Manager, Compliance, the Compliance Specialist will provide support to the Risk area ensuring compliance with applicable regulatory requirements as well as Credit Union policies and procedures. In addition, this role will also serve as specialist to policy, practices and procedures, forms creation and maintenance, as well as be able to identify compliance deficiencies and communicate potential risk situations.
WIIFY (what’s in it for you):
- Competitive Salary
- Diverse and Inclusive Culture that continues to evolve
- Flexible work arrangement options
- Strong benefit package
- 7% Superannuation matched contribution program
- Attractive variable incentive program
- Wellness Days to create appropriate work/life balance
- Paid Education opportunities to ensure our members have the most equipped staff to help them
- A purpose-driven organization that focuses on the values of Accountability, Integrity and Respect
- And lots more reasons to love where you work and what you do!
What our team is looking for:
- A growth mindset that emulates Model, Coach and Care behaviours in every activity and approach
- A solution mindset that feeds inertia
- An ambassador willing to promote our team inside and outside the organization.
- Somebody who is digitally capable and wants to dig into new technology with enthusiasm!
- Somebody who can work with occasional ambiguity with a focus on process evolution.
- A mindset of Solve, Serve, Sell – a problem solver, serving our members directly or indirectly, and selling our brand!
- Somebody to sweat the small stuff, but also see the big picture.
- Personality and Energy – a flair for polish, and you bring your personal, creative touch to everything you do!
What will you do?
- Assist in maturing the regulatory compliance management framework by expanding the use of compliance management tools across the enterprise through framework elements such as: regulatory compliance universe, regulatory change management, risk assessments, issues management
- Conduct monitoring and testing activities to assess the effectiveness of our procedures used to ensure compliance with legal, regulatory, and internal policies
- Draft regulatory compliance assessments reports that summarize the scope of work performed, findings, any regulatory exceptions and identifying and recommending opportunities for improving procedures and outcomes
- Stay apprised of legislation, regulations, rules and internal policies, practices, and procedures
- Update or create and implement new test checks/reviews in accordance with legal, regulatory and/or internal changes
- May be required to perform AML or fraud alert investigations, Enhanced Due Diligence (EDD) reviews, and assist with regulatory examinations
Some things that would impress us:
- Completion of a post-secondary program plus 3+ years’ experience in regulatory compliance management, risk assessments and compliance testing or a related role
- Completion of a regulatory compliance-related designation would be considered an asset (i.e., Osgoode’s Certificate in Regulatory Compliance Legal Risk Management for Financial Institutions)
- Effective use of interpersonal and communication skills, including tact and diplomacy
- Organizational and planning skills with attention to detail and follow-through
- Experience with Resolver or similar compliance software tool an asset, as would industry experience in a federally regulated financial institution.
