Specialist, Compliance

The Specialist, Compliance assists the Director, Compliance with administration of the Regulatory Compliance Management framework in accordance with both federal and provincial regulatory requirements.

• Assist with the management of the regulatory requirements inventory in Fairstone’s GRC tool, including changes to ensure capture of attestations from Requirement Owners to confirm assessment of regulatory requirements and controls. 
• Aid in the annual Compliance Risk and Control Assessment process including but not limited to: preparation of assessment materials or related processes for BCOs, supporting the assessment of inherent and residual regulatory risk for all applicable regulatory requirements in accordance with compliance methodology, and identify where corrective actions are required and escalate to the Director of Compliance, tracking corrective action through completion 
• Coordinating with the first line Business Compliance Officers (BCO) for the review of all applicable regulatory requirements and controls for accuracy and completeness, 
• Track, review, and assist with the initial interpretation of new or changing regulations and assessing their impacts to business practices and process, and governance frameworks. Support the Regulatory Change Management process, including liaise with Legal to assess applicability, ongoing review of new and pending regulatory changes, communicate potential changes to the business, update the regulatory change log and Fairstone’s GRC tool. 
• Draft and execute regulatory compliance testing that is part of the annual Compliance Test plan, and assess the adequacy and effectiveness of key controls designed to ensure compliance with regulatory requirements 
• Support with the management of the Compliance Issue Management process, including analysis of events reported and completion of required remediation tracking and reporting.  
• Assist the Director, Compliance in the preparation and submission of required governance reporting, related to test findings, issue management, regulatory correspondence, and regulatory change management. Aid the Legal and Compliance team as needed for regulatory reporting, licensing and ad hoc requests 
• Collaborate with the Compliance team in the development and when required, delivery of compliance training materials required to meet regulatory or internal policy requirements.  
• Assist the Director, Compliance with investigation of complaints, including those received by the external regulators and banking complaint bodies. This will involve communication with the business to obtain information required to complete investigation, of same with first line of defense overseeing compliance with complaint handling regulations. 
• Aid in the development and execution of compliance policies, procedures and reporting to ensure and demonstrate the strength of the Compliance program. 
• Act as an ambassador of the Compliance function by being accessible, accountable, and collaborative. 

Qualifications:

• Undergraduate degree in Business, Finance, Law, or related field/professional certification. 
• Prefer 5 years of compliance-related experience in a federally regulated financial institution, particularly in federal consumer protection laws, regulations, and best practices. 
• Strong knowledge of retail banking products and proficient knowledge of federal regulatory legislation applicable to banks, and provincial legislation applicable to consumer lending and optional insurance products 
• Experience communicating and dealing with Bank regulators, including, but not limited to, the FCAC, OBSI, and OSFI is valuable 
• Proficiency in French beneficial 
• Advanced technical skills in Microsoft Office, i.e. Microsoft Excel, Word and PowerPoint  
• Self-motivated and a demonstrable history of critical thinking and good judgment 
• An excellent understanding of risk assessment methodology, and the ability to effectively understand and translate legislation and regulations into business impacts, compliance elements and regulatory risks. 
• Well organized and detail-oriented self-starter, comfortable managing multiple priorities within deadlines, and able to collaborate with various internal and external stakeholders across all levels of management. 
• Excellent interpersonal skills to establish and maintain rapport with internal and external stakeholders.  

WE ARE PROUD TO BE: Montreal's Top Employers 2023 by Canada’s Top 100 Employers!

We are honored to be recognized for offering a best-in-class workplace, incentives, and initiatives to our dedicated employees who have helped build Fairstone into an employer of choice.

Learn more: https://www.fairstone.ca/en/about/canadian-lender

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If you’re seeking a role with a growing business that values employee development, Fairstone is the right place for you!

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

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