VP, Compliance and Regulatory Risk Management

January 18, 2022

Job Description

There When It Matters for 175 Years...This year, we are proud to celebrate our 175th anniversary. Since our founding in Quebec in 1846, we've been committed to improving the financial health of all of our clients. We are driven by the opportunity to help families thrive, communities grow, and businesses succeed. As our roots have grown stronger than ever before, we are ready to lead the way for the next 175 years.Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the "Group" or the "Bank").With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business, and institutional customers. With pan-Canadian activities and a presence in the U.S., the Group is an important player in numerous market segments.This role sits within Laurentian Bank, a subsidiary of Laurentian Bank Financial Group.As an independent control function within the second line of defense the Vice President, Compliance and Regulatory Risk Management, will be responsible for overseeing the enterprise wide compliance program including the AMLTF and FCAC frameworks. Reporting to the Chief Compliance Officer & Chief Anti-Money Laundering Officer, the Vice-President will exercise management responsibility for ongoing compliance with regulatory requirements, while providing guidance on how to conduct business in a manner that complies with a vast array of rules, regulations and regulatory expectations. This role will be responsible to oversee Compliance Advisory Services, oversee the Bank's Financial Intelligence Unit, as well as overseeing the Bank's second line of defense testing team. The incumbent will manage a global team of approximately 40 people. The Vice-President will be familiar with regulatory requirements under the Bank Act and have experience in dealing with regulatory authorities such as OSFI, FCAC and FINTRAC.

Responsibilities

A dynamic and collaborative leader, the Vice-President, Compliance and Regulatory Risk Management, will participate in the management and evolution of the Group's strategic compliance focus. The incumbent will be responsible for the following: º Main point of contact for key Bank initiatives as well as regulatory risk management topics;º Key participant in the Bank's Regulatory Risk Management Committee, AML Committee and Operational Risk Committee;º Managing the proceeds of the crime (money laundering) and terrorist financing (PCMLTF) program for the Laurentian Bank and its subsidiaries and recommending and implementing any necessary changes; º Managing the compliance programs of the Laurentian Bank and its subsidiaries and recommending and implementing any necessary improvements; º Managing and supervising his or her unit's activities while focusing on a client-centred approach and ensuring the productivity of his or her resources; º Diagnosing complicated issues and intervening to apply the necessary corrective measures;º Conducting independent testing; investigating, surveying and monitoring compliance risks and breaches;º Assisting Managers as an expert on compliance, providing advice, and intervening in cases that have a significant impact on the operations and activities of the Laurentian Bank and its subsidiaries; º Designing and implementing content for compliance education and training;º Overseeing the creation of reports pertaining to compliance activities and PCMLTF, and managing responses to regulatory examinations, audits and inquiries;º Analyzing, interpreting, and reviewing a range of reports and documents to ensure that the Laurentian Bank remains in compliance with regulatory requirements; º Developing and monitoring programs, policies, controls and practices to ensure that the Laurentian Bank complies with current, amended and new regulations and guidelines;º Ensuring compliance with laws and regulations by applying or circulating communications in an appropriate manner; º Participating in internal and external committees or activities as an expert on compliance and interacting with various organizations or stakeholders as a representative of the Laurentian Bank; º Anticipating the implications of policies, programs, procedures, projects, and new legislation; providing an assessment and commentary; and making recommendations to the Laurentian Bank; º Maintaining and developing contacts at different levels within the Laurentian Bank, including upper management; º Managing the employees under his or her supervision in compliance with the Laurentian Bank policies, programs, and procedures; evaluating their performance; and developing their potential; º Staying abreast of market trends and legislative and regulatory changes to ensure current practices are up to date.

Qualifications

As an experienced Manager, the Vice-President, Compliance and Regulatory Risk Management, will have demonstrated the following throughout his or her career: º Proven leadership skills with the ability to develop, manage, coach, and motivate staff in a team environment;º The ability to rally a team and serve as an expert in collaborative projects;º Ability to prioritize work, meet deadlines, achieve goals, and work effectively under pressure in a dynamic and complex environment with many time-sensitive deliverables; º Proven ability to exercise sound independent judgment using a rigorous risk lens to resolve problems or identifying issues requiring escalation;º Strong understanding of the global regulatory environment as it relates to financial services;º Extensive experience managing compliance programs; º Excellent interpersonal skills and verbal and written communication skills in French and English;º Ability to display integrity, professionalism, and confidentiality at all times.Qualifications:º University studies in a relevant field and at least 12 years of experience, including 7-10 years in a compliance role, and at least 3-5 years in a management role; º Bar association membership or experience in reading and interpreting regulatory requirements is an asset;º In-depth knowledge of the AML program and Guideline E-13 of the OSFI;º Experience with Securities/IROC is an asset;º Bilingualism is an asset (French/English).

Additional Information

Equity, Diversity & InclusionWe are proud to be an equal opportunity employer and are committed to fostering an inclusive and accessible work environment that reflects the diversity of our customers and our communities. We welcome and encourage applications from individuals from all groups, including Indigenous people, women, visible minorities, and persons with disabilities, regardless of race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, genetic characteristics, disability or any other legally-protected ground.AccessibilityAccommodations for persons with disabilities are available upon request for job applicants taking part in all aspects of the recruitment process.PIPEDAWe may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

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