Junior Compliance Analyst Testing of controls in business to assess compliance/regulatory risk. -36052

Location Address: 4 King Street 13th floor - hybrid - 2 days/per week in the office (Tuesdays and Thursdays)

Contract Duration: ASAP to March 28th, 2025.

Schedule Hours: 9 am-5 pm Monday-Friday (No OT)

Story Behind the Need

Business group: Compliance testing (Canada) - Testing of controls in business to assess compliance/regulatory risk.

Contributes to the overall success of Compliance Testing in Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Compliance testing related to CB & Canadian WM and applicable regulatory bodies (e.g., OSFI, FCAC, IIROC, MFDA, Provincial Securities Commissions, etc.)

Expected to work independently on multiple testing engagements concurrently and escalate issues when required

Responsibilities:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Accountable for executing Testing for Canadian Banking and Canadian Wealth Management, which includes assessing the design and operating effectiveness of compliance controls, and adherence to Regulatory requirements as well as Bank’s internal standards, policies and procedures

• Ensure accurate and complete documentation of testing results, in accordance with the Global Testing Operating procedures and Issue Management Procedures, and to support our assessments

• Works closely with the Sr. Manager - Testing, along with other Compliance partners to develop, support and execute the testing program

• Support the Senior Manager in the development of Annual Test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against annual test plan.

• Maintain relationship with the Business Line Compliance, Internal Audit and first line to ensure alignment and smooth execution of test plans, to minimize the impact on business.

• Pro-actively identifies potential violations /risk of non-compliance with regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk, generally in the course of execution of testing engagements

• Contribute to continuous improvement of the testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments, testing cycles, reporting results and more), looking for opportunities to automate testing procedures, use data analytics, etc.

• Identify trends and/or gaps and report findings with recommendations on how to improve the effectiveness of the business line controls.

• Validate actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Demonstrates quick learning curve to understand applicable regulatory requirements, business processes and systems.

• Actively pursues effective and efficient operations of their respective areas in accordance with the bank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Champions a high-performance environment and contributes to an inclusive work environment.

Must Have Skills:

• 2-4 years of relevant experience in the financial services industry preferably within a regulatory compliance, audit or risk management roles.

• 2- 4 years of experience working with of risk & controls - particularly controls testing methodology and related tools

• Knowledge of regulatory, compliance and industry requirements; including knowledge of related issues facing the business lines within Canadian Banking and Canadian Wealth Management

• Good Project Management skills

Soft Skills Required:

• Excellent written and verbal communication skills

• Ability to learn and adapt to rapidly changing regulatory and business environments

• Able to work independently and with other staff across functional lines within the Bank

• An enquiring mind, excellent judgment, strategic thinking skills and attention to detail

• Good Relationship Management skills

• Good analytical skills with the ability to review, interpret and synthesize data in order to drive investigations on potential exceptions

Education:

• Bachelor’s degree in Business or another related field.

Best vs. Average Candidate

The best candidate is someone who has previous audit/testing experience with Canadian banking or wealth management and can meet the soft skill expectations.