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.