Compliance Governance Manager; Hybrid
Job Description
We are currently seeking a Compliance Governance Manager to join our team.
Reporting to the Director, Compliance & Member Advocacy, the Compliance Governance Manager leads the operationalization of the enterprise Regulatory Compliance Management (RCM) Framework, developing and maintaining the governance policies, procedures and controls through which Tru Cooperative Bank (Tru) identifies, assesses, manages, and reports on regulatory compliance risk. Operating within a Three Lines of Defence model, this independent second-line role provides guidance, oversight and challenge to support effective first-line ownership of compliance risk, regulatory change management, and the consistent execution of compliance management activities across the organization.
The role works collaboratively with first-line business areas and other second-line functions to promote a strong culture of compliance and ensure compliance practices remain aligned with regulatory expectations and industry best practices. In addition, the role provides support for the Member Advocacy and Privacy programs supporting regulatory change implementation, governance practices, reporting, issue management, and the timely execution of program activities.
- Regulatory Compliance Management Framework and Governance:
Leads the implementation and maintenance of the RCM Framework and underlying suite of control elements such as policies, procedures, standards, methodologies that translate OSFI E-13 expectations into effective and consistently executed compliance management activities. Executes governance and oversight activities driving consistent adoption of the framework through activities such as assessments on RCM effectiveness, regulatory risk ownership attestations and issues management. - Regulatory Compliance Framework Change Management and Guidance:
Monitors regulatory developments, supervisory expectations, industry practices and assesses impacts to the RCM Framework. Maintains and updates the RCM Framework and underlying control elements to ensure alignment with evolving regulatory requirements. Provides guidance to first- and second-line functions on compliance management requirements, roles, responsibilities and expectations and supports change management activities to promote consistent adoption of the RCM Framework across the organization. - Oversight, Monitoring and Reporting:
Executes independent second-line oversight and challenge regarding the effectiveness of first-line regulatory compliance risk governance, management, monitoring and reporting practices. Supports the development and enhancement of compliance reporting, dashboards, KPIs and KRIs used by Senior Leadership, governance committees and the Board. Partners and coordinates with adjacent second-line functions within regulatory compliance and where compliance risk intersects with other risk domains. - Regulatory Research, Inventory and Compliance Culture:
Assists in monitoring the regulatory landscape for new and emerging requirements. Conducts research and analysis of banking laws, and regulations and maintains continuing professional development and knowledge of industry compliance best practices to ensure Tru remains current with the evolving regulatory environment. Manages and maintains the regulatory obligations inventory. Develops and supports compliance training, awareness activities and tools that promote understanding of regulatory obligations and reinforce a strong culture of compliance and first-line ownership. - Member Advocacy and Privacy Program Support:
Provides operational and program management support to the Member Advocacy and Privacy functions including regulatory change…
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