Regulatory Compliance Manager, Regulatory Developments

Location(s): Greater Vancouver Area; Greater Toronto Area
Job Type: Full Time Regular
myWork Program: Hybrid
Starting Salary Range: $95,900.00 - $120,000
Background Screening Requirement:

Enhanced Criminal Record Check

Credit Check

Identity Verification

Employment Verification

References

Job Purpose

As a member of the Regulatory Compliance Management (RCM) Team, the Regulatory Compliance Manager, Regulatory Developments contributes to the execution of Coast Capital's RCM Program and facilitates business units navigating regulatory changes and ensures operational process and procedures adhere to regulatory obligations. This role includes continuously monitoring of new regulatory developments and other ongoing changes to the regulatory landscape, managing the regulatory library/ inventory of all applicable governing legislation and controls and/or detecting instances of non-compliance, including the assessment of the materiality of applicable regulatory requirements.

Accountabilities

Regulatory Monitoring

Identifies, monitors and maintains emerging/changing/new legislation emerging legislation, as well as existing legislation with which Coast Capital must comply.

Analyzes industry emerging trends, laws, regulations, including review & analysis of regulatory announcements, reports, and legislative changes (e.g. regulatory consultations, proposed guidance, new regulations...).

Develops, manages and maintains the listing of all regulatory requirements to which Coast Capital is subject.

Communication - Engagement

Delivers preliminary applicability assessment and quantifies the potential impact(s).

Facilitates Coast Capital's Business Units to navigate regulatory changes by notifying and communicating with the impacted stakeholders by ensuring that regulatory developments are identified, assessed, and actioned.

Creates concise summary of regulatory changes to oversight functions.

Collaborates and interacts with leadership and key stakeholders at all levels to build a compliance culture on regulatory compliance processes, tools.

Prepares the monthly newsletter on all regulatory changes for communication to the Organization.

Regulatory Library

Contributes to the continuous improvement of the regulatory library supporting the Regulatory Compliance Management Framework (RCMF).

Manages and notifies Corporate Compliance team of updates required to the online regulatory library, identifies the changes and effectively communicates the changes to the affected owners.

Tracking and Reporting

Responsible for daily tracking and monthly and quarterly reporting on regulatory changes and supporting adhoc requests from stakeholders.

Other

Help with ad-hoc projects. Documenting standard operating procedures, Drafting Regulatory procedures. Cross training within the Compliance Team when needed.

Skills & Qualifications

Level of Education: Bachelors' Degree or equivalent combination of education and/or experience

4-6 years of experience in a similar role with comparable work; previous experience interpreting regulations within a Bank or Federally Regulated Credit Union is preferred

Excellent knowledge of legislation and regulations impacting Federal Credit Unions and Banks

Excellent ability to analyze, interpret, synthesize, simplify and communicate complex legislative and regulatory requirements

Knowledge of financial products and services

Strong project management skills with a proven track record of success with regulatory compliance and technology-based compliance projects

Experience with technology monitoring systems, willingness to learn and use other technology monitoring systems

Excellent communication skills, proactive and driven for results

Comfortable dealing with individuals at all levels of the Credit Union

Excellent communication skills, both verbal and written

Strong ability to handle complex issues and a high volume workload with varied time expectations

Detailed oriented with multi-tasking, analytical, time management and organizational skills

Ability to work effectively both independently and as a team member

Critical thinker and proactive worker

Ability to find efficiencies and confidence to offer suggestions for improvements

Equity, Diversity & Inclusion at Coast Capital

Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

Coast Capital is committed to providing an accessible recruitment experience. If you are a candidate with a disability and require accommodation(s) during any stage of the recruitment process, please contact us at accessibility@coastcapitalsavings.com or 778-391-5836. This contact is intended solely for inquiries or feedback related to accessibility barriers, accommodation requests or alternate format requests. We will work with you to ensure your needs are met. You will only receive a response to inquiries related to these topics.


Why join Coast Capital Savings?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

D&I at Coast At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.