Associate Director, RCM Testing Program

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The Associate Director, RCM Testing, will lead the development, implementation, and continuous improvement of the Bank’s Regulatory Compliance Management (RCM) testing program. This individual will play a pivotal role in ensuring the Bank’s adherence to regulatory requirements and internal policies, particularly in alignment with OSFI E-13 guidance. The Associate Director will oversee the testing activities related to various regulatory frameworks and manage a team of compliance professionals, including the Senior Manager, RCM Program Management and Testing.

• RCM Testing Program Leadership:
• Provide strategic direction and leadership for the RCM testing program, ensuring comprehensive coverage of all relevant regulatory areas, including the Bank Act, Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Consumer Provisions, Whistleblower, FATCA, and CASL.
• Develop and maintain policies, procedures, and methodologies for effective compliance testing and monitoring.
• Ensure that the RCM testing program aligns with the Bank's overall regulatory compliance strategy and risk management framework.

• Team Management and Development:
• Lead, mentor, and develop a team of compliance professionals
• Foster a collaborative and high-performance culture within the team.
• Provide guidance and support to team members in the execution of their responsibilities.

• Monitoring and Testing:
• Oversee the planning, development, and execution of enterprise-wide compliance testing and monitoring activities.
• Collaborate with business units to enhance regulatory compliance controls and mitigate identified risks.
• Analyze testing results, identify trends, and make recommendations for improvements.

• Reporting and Communication:
• Prepare and present comprehensive reports on compliance testing results to senior management and relevant stakeholders.
• Communicate findings, recommendations, and action plans to various levels of management and ensure timely resolution of identified issues.
• Maintain adequate documentation and work papers to support testing activities and findings.

• Bachelor’s degree in Business, Finance, Law, or a related field; advanced degree or professional certification (e.g., CAMS, CRCM) is preferred.
• Minimum of 8-10 years of experience in regulatory compliance, audit, or related roles within the financial services industry.
• Strong knowledge of relevant regulatory frameworks, including OSFI E-13, the Bank Act, AML/ATF, Privacy, FATCA, and CASL.
• Proven leadership and team management skills.
• Excellent analytical, communication, and presentation skills.
• Ability to work collaboratively with cross-functional teams and influence stakeholders at all levels of the organization.

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺  Medical, dental, vision, life, and disability benefits

📝  Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days 

🖥  Virtual events to connect with your fellow colleagues

🎓  Annual professional development allowance and a comprehensive Career Development program

💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!