Business Compliance Officer

PC Financial•Toronto, ON

1d•CA$75,000 - CA$95,000•Onsite

About The Position

PC Financial offers unprecedented value to Canadians through payment products. We're a different kind of bank with a different type of team—we’re collaborative and supportive and have the freedom and responsibility to thrive. Our purpose is to make the everyday simple and better for our customers, and we strive to make every dollar worth more. Proudly serving over 3 million customers, PC Financial continues to grow by offering payment solutions and services that reward our customers every day. As a subsidiary of Loblaws Company Inc., we share the CORE values of Care, Ownership, Respect and Excellence. We are dedicated to helping Canadians Live Life Well. Join us on our journey. We are looking for a Business Compliance Officer who will manage PC Bank’s Regulatory Compliance Management System (RCMS) in a key risk management role (second line of defense). The Business Compliance Officer will serve as a partner representing the Compliance organization collaborating with various Business stakeholders to ensure compliance with applicable laws and regulations, detect instances of non-compliance, and raise awareness through PC Bank’s oversight program and training. The role combines knowledge of risk management with an understanding of the financial services related to PC Bank to identify regulatory developments and ensure continuing adherence to requirements.

Requirements

Bachelor’s degree with minimum of 3 years of relevant experience in the financial services industry, preferably within Regulatory Compliance, Internal Audit, Risk Management, Oversight or similar function.
Ability to communicate clearly and effectively both verbally and in writing.
Knowledge of and experience with eGRC systems.
Ability to prioritize effectively and think critically in a fast-paced environment
Strong personal accountability, honesty and integrity.
A friendly, outgoing attitude with the ability to create partnerships with key business stakeholders.
Excellent time management skills and ability to work independently towards deadlines.
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Visio).

Responsibilities

Accountable for implementation and day-to-day management of PC Bank’s Regulatory Compliance Management System (RCMS)
Maintain PC Bank’s RCMS inventory of all applicable governing legislation and controls within the business designed to ensure compliance with the legislation and/or detect instances of non-compliance
Review new legislation or changes to legislation including working with the business to implement and enhance controls to ensure adherence to regulatory requirements
Partake in the day-to-day Business Compliance Officer (BCO) oversight program designed to ensure awareness of governing legislation and identification of issues of non-compliance with governing legislation
Execute risk assessment program and monitoring and testing program to evaluate the design and operating effectiveness of controls, and monitoring material exposures to regulatory risk
Accountable for identifying instances of non-compliance and managing remediation of such issues as necessary
Review business controls to ensure they are sufficient to meet regulatory requirements and identify control improvement opportunities
Train and advise employees, including Business Compliance Officers, on compliance related matters
Assist in the reporting of monthly reporting to the Operational Risk Management Committee including any material instances of non-compliance and quarterly reporting to the Conduct Review Committee of the Board on PC Bank’s overall state of compliance with applicable legislative provisions
Participate in governance meetings for outsourced service providers
Provide advice and support to Business stakeholders responsible for addressing compliance requirements
Support ongoing implementation and day-to-day functionality of eGRC System in relation to PC Bank’s RCMS
Develop and manage relationships with Business stakeholders to execute Bank’s Regulatory Compliance Management framework.