Director, Compliance Risk Management

Overview

Who We Are Home Equity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.

OUR VALUES, OUR PASSION At Home Equity Bank, our values drive and inspire our actions with our customers, our partners and each other.

• Customer-Focused. Passionate Advocates
• Courage to Act. Do the Right Thing
• One Team. One Vision
• Think Long-Term. Ever-Evolving
• Be Exceptional. Inspire Greatness

Reporting directly to the Vice President & Chief Compliance Officer, the Director, Compliance Risk Management is a senior leader responsible for overseeing the design, implementation, and ongoing execution of Home Equity Bank’s enterprise-wide Regulatory Compliance Management (RCM) program. This position ensures the bank’s regulatory compliance through hands-on leadership in developing, maintaining, and monitoring robust compliance risk frameworks, policies, and procedures aligned with regulatory requirements, including OSFI guidelines and industry best practices.

The incumbent leads all regulatory compliance programs, which encompass Regulatory Change Management, Compliance Issue Management, Compliance Monitoring and Reporting, Testing and Validation, as well as providing advice and challenge to business units. This includes overseeing the development, implementation, and maintenance of compliance policies, procedures, and guidance. The incumbent partners closely with business units and risk management teams to drive consistency, effectiveness, and continuous improvement across the organization, ensuring that all compliance activities align with regulatory requirements and industry best practices.

This role is pivotal in fostering a strong compliance culture in a small Canadian bank with a strong growth agenda, mentoring a high-performing team, and proactively addressing regulatory requirements to safeguard the bank’s operations.

• Strategic Leadership of Compliance Risk Management Programs:
  Provide oversight and direction for the bank’s enterprise-wide regulatory compliance management (RCM) framework, ensuring alignment with evolving regulatory expectations and industry standards. Champion a culture of integrity and accountability with business/function partners and across the enterprise.
• Execution Excellence and Team Leadership:
  Lead, mentor, and empower a high-performing compliance team to deliver on the Regulatory Compliance Management (RCM) Program and all related compliance initiatives, driving measurable outcomes.
• Operational Oversight of Monitoring and Testing:
  Ensure rigorous, data-driven management of the Compliance Monitoring and Testing Program, proactively identifying and addressing compliance gaps, and embedding a continuous improvement mindset throughout all compliance activities.
• Frameworks, Policy, and Guidance:
  Architect and sustain robust regulatory compliance frameworks, policies, procedures, and controls, enabling the Bank to not only meet but anticipate and adapt to applicable laws, regulations, rules, and guidelines.
• Regulatory Intelligence:
  Maintain expert-level knowledge of the regulatory environment, providing timely, actionable insights on emerging laws and regulations, and ensuring the Bank’s strategic positioning for ongoing compliance.
• Oversight of Corrective Action Implementation:
  Direct the resolution and closure of management corrective actions arising from regulatory compliance issues, ensuring accountability and the timely achievement of targeted outcomes.
• Trusted Business Partnership:
  Serve as a strategic advisor to business units and functions, providing expert guidance on complex compliance program matters.

• Degree in Business, Finance, Law or a closely related discipline; a post-graduate degree or recognized…