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Lead Advisor, RCM Risk Assessment

  • Toronto  
  • Risk management
  • Full Time
  • 27000
  • 28 March 2024

Seeing beyond numbers™
At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

#LI-Hybrid 

#LI-MM1

This role is located in Montreal or Toronto (Remote or Hybrid work model) or anywhere in Canada.

The Regulatory Compliance Program team reports to the Assistant Vice-President, Regulatory Compliance Management Program and provides compliance leadership throughout the organization, by ensuring healthy governance regarding the implementation of the RCM Framework.

The Senior/Lead Advisor, Regulatory Risk Management, is a key resource for the second line of defence team responsible for administering the enterprise-wide compliance programme of Laurentian Bank. This role is responsible for leading and overseeing the development and execution of Regulatory Compliance Risk Assessments as well as contributing to the development of cohesive risk-based methodologies, structures, processes, systems, and other key control elements through which the Bank manages and mitigates regulatory compliance risk.

 

Responsibilities 
  • Develop methodology and guide the identification of applicable regulatory requirements across jurisdictions in which the Bank operates (e.g. laws, rules, regulations and prescribed practices; also referred to as “RCM Universe”);
  • Lead development of procedures and methodologies to identify, risk assess, communicate, effectively manage and mitigate regulatory compliance risk and maintain knowledge of applicable regulatory requirements; this includes regulatory risk assessment methodology and change management procedures to ensure the information is updated to reflect new and changing regulatory requirements;
  • Lead Regulatory Compliance Risk Assessment process across the enterprise in collaboration with the RCM Advisory team;
  • Regularly update the assessment of risks inherent to Laurentian Bank, risk criteria and their relative importance, and keep relevant documents up to date.
  • Contribute to RCM Program reporting, as required
  • In alignment with the Enterprise Risk Management (ERM) Framework Policy, the ERM Risk Appetite and the RCM Framework policy, develop and manage enterprise-wide related policies, standards, procedures, guidelines, job aids, and methodologies;
  • Take a lead role in assessing and structuring systems and processes to support the operationalization of the RCM Framework on an enterprise-wide basis;
  • Contribute to the development and enhancement of the Regulatory Risk Management System (Resolver) to optimize risk assessment process;
  • Work collaboratively with stakeholders to formulate recommendations and recommend best practices to improve compliance procedures and work processes;
  • Collaborate closely with RCM Advisors to first Line of Defence to communicate, implement and support RCM Program processes and governance, as required.
  • Develop and maintain effective and collaborative working relationships with the Regulatory Compliance teams, the lines of business, Internal Audit, risk, corporate functions, senior management and stakeholders.
  • Ensure that entries in the Regulatory Risk Management System meet RRM standards and provide effective challenge where required to ensure the system is maintained and updated appropriately.
  • Assist and support the development and enhancement of the regulatory Compliance Management framework. Activities may include supporting policy/standard/operating procedures lifecycle management, and education and training assessment, development & delivery.
  • Assist and support the Chief Compliance Officer in the management of regulatory reporting, requests, audits, surveys and enquiries with regulators as required.
  • Participate, as required, in various internal compliance and governance forums and working groups as well as industry working groups and forums.
  • Update, optimize and maintain team policies and procedures, as applicable.
  • Maintain excellent knowledge of regulatory compliance requirements, the organization's policies and procedures, and industry standards.
  • Provide leadership and oversight in the development, integration and management of an enterprise-wide compliance program for Laurentian Bank to comply with applicable regulatory requirements.
  • Lead the establishment of clear lines of responsibility and governance structure across the enterprise to manage regulatory compliance risk.
  • Apply broad industry knowledge and business acumen to drive ongoing regulatory compliance and advocate for operational efficiencies and simplification.
  • Communicate RCM Program updates to impacted stakeholders including RCM Advisors.
  • Perform all tasks of similar or general nature requested by his or her superior or required for the job.

Qualifications 
  • Technical knowledge of banking, prudential and conduct, AML and privacy laws and regulations is an asset
  • University degree in a relevant field, combined with a minimum five years of relevant experience in Compliance or Risk Management within the banking industry
  • 3‑5 years related regulatory risk assessment experience in compliance or risk management.
  • Advanced knowledge of Excel (VBA), PowerPoint, Access and Microsoft Office
  • Knowledge of Resolver
  • Strong written and verbal communication skills
  • Strong analytical skills; information management analysis, data interpretation and problem-solving ability.
  • Excellent ability to influence and lead; able to handle opposing points of view, provide constructive and collaborative challenge and propose appropriate solutions
  • Able to deal with all levels of staff within the Bank, as well as with regulators
  • Collaborative leadership and stakeholder management skills
  • Agile, results oriented approach
  •  Autonomous and proactive with sense of initiative; able to work independently, with guidance in only the most complex situations
  • Critical and strategic thinker
  • Considerate, tactful able to work well with others as part of a team of multidisciplinary experts
  • Rigorous and thorough
  • Able to work well under pressure and meet set deadlines producing quality deliverables on time.
  •  High integrity
  • Bilingualism is an asset*
*“Qualifications
Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.”

What Laurentian Bank has to offer you 

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

  • The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
  • Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
  • Work model: We prioritize a hybrid work model based on business needs.
  • Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
  • Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees.
  • Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
  • Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
  • Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you. 

General.DiscoverLBC

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