Control Tester (Regulatory Compliance)

Duration: 12 months

Client: Big 5 Bank

Location: 2 days/week Toronto

Deliver on components of the 1LOD testing plans in accordance with the Enterprise Compliance Program and Regulatory Compliance Non-Financial Risk Framework.

• Execute the 1LOD testing program and document results and outcomes as required.
• Understand the Enterprise Compliance Program and Regulatory Compliance Non-Financial Risk methodology.
• Design and implement specific monitoring and testing procedures for each applicable area of review, which may include the development of new monitoring and testing scripts.
• Understand business processes across multiple entities in North America.
• Understand controls that support regulatory compliance and manage other sources of regulatory compliance non-financial risk.
• Access and update the enterprise compliance book of record GRCE.
• Communicate M&T identified issues to the businesses, 1LOD Compliance Advisory, 2LOD Compliance, and 2LOD Risk.
• Raise compliance and control-related awareness with the businesses and provide appropriate advice and guidance to mitigate exposures and risk. For issues identified, provide root cause analysis and recommendations to management.
• Identify opportunities to improve the effectiveness of testing.
• Act as a liaison and compliance support to various internal business partners.
• Prepare reports and related test results dashboard for various stakeholders, including management.

Qualifications:

• 7+ years' experience in a compliance, control testing, or audit role ideally in a dealer and/or portfolio management environment.
• Knowledge and understanding of IIROC rules and regulations applicable to dealer representatives and OSC rules applicable to portfolio managers and investment fund managers.
• Excellent data analysis skills, organizational, analytical, and communication skills.
• Exhibit strong planning skills.
• Successful completion of the Canadian Securities Course is preferred.
• Working knowledge of information technology tools required, including MS Excel, MS Word, and portfolio management or investment industry software.
• Ability to demonstrate effective use of judgment, interpretation, knowledge, and skill in the application of regulations and compliance requirements.
• Ability to independently deliver on complex assignments with competing deadlines.
• Excellent interpersonal skills and strong written and verbal business communication skills.
• Familiarity with regulatory requirements (e.g., OSC, IIROC, SEC, OCC, etc.).
• Familiarity with Investment Funds (key regulations include NI 81-102, 81-107, etc.).
• Experience in the planning and execution of testing (e.g., Audit, OSFI E-13, etc.).
• Understanding of risk and controls.