Compliance Analyst

Compliance Analyst

Summary

Reporting to the Senior Manager, Compliance, the Compliance Analyst is responsible for monitoring adherence to guidelines or policies established by DUCA, Government and applicable regulatory bodies, as well as assisting in planning and coordinating the operational activities to ensure compliance with legislative requirements. This position requires someone who has a strong understanding of government and banking regulatory requirements, as well as excellent written and verbal communication skills. 

Key Accountabilities

• Keep abreast of legislative and regulatory requirements, including the Foreign Account Tax Compliance Act (FATCA), Privacy, Canada’s Anti-Spam Legislation (CASL), and Common Reporting Standard
• Conducting internal reviews to monitor, document, and communicate risks, controls, and recommendations for mitigating action to the Senior Manager, Compliance or the management team
• Remaining current on organizational practices, policies, procedures and legislative requirements; identifying gaps and making recommendations to management on potential improvements and immediate risk concerns pertaining to legislative and regulatory requirements
• Completing market research to provide recommendations and identify trends that can be implemented in programs and initiatives
• Support the development and maintenance of compliance training and communication, particularly with regards to Privacy legislation and Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR)
• Develop and maintain a master document of all loan/mortgage documents to ensure compliance with regulatory requirements through periodic reviews
• Ensure the reporting for FATCA and the Common Reporting Standard is complete and reporting deadlines are met
• Work with the Senior Manager, Compliance to investigate, resolve, and track complaints received directly by the Compliance Department, in an effective and timely manner
• Prepare monthly reports to the Compliance Officer
• Monitor all corporate and business policies to ensure they are compliant with applicable laws and regulations
• Provide assistance, where required, during regulatory examinations and external reviews
• Complete other duties and projects as may be assigned by the Senior Manager, Compliance

Skills & Qualifications

• Minimum 3 years' experience in a financial services environment with exposure to regulatory compliance
• University degree or College Diploma in a related field
• Ability to interpret and operationalize regulatory requirements
• Proficient computer skills including Microsoft Excel, Word, Outlook and use of Internet, and ability to learn other programs
• Excellent writing and communication skills
• Strong attention to detail, problem-solving skills, and analytical skills
• Ability to work quickly and accurately, with the flexibility to deal with priorities
• Exposure to handling complaints considered an asset
• Knowledge of Canada’s Privacy legislation considered an asset
• Knowledge of Mortgage Lending Regulations considered an asset
• Knowledge of FATCA Legislation considered an asset

Department: Compliance

Primary Location: Head Office – 5290 Yonge St, Toronto ON

Employment Status: Full-time

Hours per Week: 38

Job Grade Level: 4

About DUCA

DUCA exists to help people do more, be more and achieve more with their money and their lives. We’re driven by a co-operative philosophy that puts our Members (and Owners) at the centre of every decision we make, gives them a voice in how we’re run and rewards them for their loyalty by sharing our profits.

At DUCA, we’re dedicated to creating a positive environment where our employees have growth and development opportunities, a healthy work/life balance, opportunities to give back to the community, and a focus on doing what is right for our Members. DUCA offers a competitive total compensation package including base salary, a short-term incentive (bonus) program, a comprehensive benefits program, pension plan, and employee banking benefits.

DUCA welcomes and encourages applications from people with disabilities. Accommodations will be made upon request for all aspects of the selection process.

Qualified applicants are encouraged to submit their application. Applications must include both a resume and cover letter. We thank all applicants but only those considered for an interview will be contacted.