Who We Are

HomeEquity 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 HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.

We Are Customer-Focused, Passionate Advocates.

We Have the Courage to Act and Do the Right Thing.

We Are One Team, with One Vision.

We Think Long-Term, We Are Ever-Evolving.

We Strive to Be Exceptional and Inspire Greatness.

POSITION SUMMARY:

Reporting to the Director, Compliance, the Compliance Analyst will provide support in the implementation of HomeEquity Bank’s Regulatory Compliance Management (“RCM”) Program. The Compliance Analyst will assist in the performance of risk and control assessments and control testing.

This position requires a detailed-oriented person with excellent administrative, organizational, verbal and communication skills. This person must have the ability to independently prioritize and multi-task with minimal supervision. They must display a high degree of professionalism and work cohesively in a team environment to contribute to the success of a very strong organization.

The successful candidate will have the unique opportunity to enhance their knowledge of regulations that govern the banking industry and develop their regulatory compliance risk management skills through exposure to various areas of the business.

MAJOR ELEMENTS OF THE ROLE:

Support the execution of the RCM risk and control assessments performed by the business units
Review the risk and control assessments performed by the business units to ensure they are complete and address regulatory requirements
Provide support in the planning and development of test strategies for compliance with various regulatory requirements
Develop detailed test plans and execute control effectiveness testing for compliance with regulatory requirements
Prepare reports on the results of control testing and collaborate with business partners to develop appropriate action plans to address identified issues
Identify, assess, effectively challenge, and oversee the satisfactory resolutions of issues, including adequate management of remediation plans and validation
Assist in the promotion of regulatory compliance risk awareness within the bank, identify regulatory compliance training opportunities and help coordinate the development of training programs
Assist in the compliance risk assessments for new projects and initiatives to ensure continued compliance with regulatory requirements and alignment with the Board’s appetite for regulatory compliance risk as outlined in the Bank’s Risk Appetite Framework
Research regulations by reviewing regulatory bulletins, industry compliance trends, regulatory updates and other sources of information and assess their impact to the Bank
Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad-hoc Senior Management and regulatory requests
Maintain compliance KRIs and other compliance logs
Assist in the monitoring the timely submissions of required regulatory filings and reporting

SKILLS AND EXPERIENCE REQUIRED:

Qualifications:

Post-secondary education with at least 3 years of experience in Compliance, Risk Management and/or Internal Audit in a regulated Canadian financial services organization
Prior experience in control testing and/or auditing and reporting will be an asset
Working knowledge of the Bank Act, OSFI and FCAC Guidelines, Privacy, and other legislations relevant to the Bank
Proficient with MS Office applications (Word, Excel, PowerPoint)

Attributes:

Experience with GRC software solutions, such as Resolver will be an asset
Effective organizational and time management skills with the ability to manage multiple and changing priorities with minimal supervision
A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team
Strong attention to detail and accuracy with the ability to analyze and interpret information
Excellent verbal and written communication skills, including experience in preparing and presenting reports to various levels of management

Working Conditions Unique to Job:

Hybrid working environment

WHY WORK AT HOMEEQUITY BANK?

Great Environment

HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.

We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.

A Dynamic Culture – With People at the Centre

We believe our people make all the difference, and our tireless commitment to inclusivity, professional development, and employee engagement/experience has been recognized through awards including the Globe and Mail’s Report on Business: Canada’s Top Growing Companies 2021 (2 years in a row), Strategy Online Top 10 Brands Awards (at #8) and as a Canadian Mortgage Professional (CMP) 5-Star Mortgage Employer 2022.

Growth and Opportunities

We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development, as well as providing employees unlimited access to LinkedIn Learning.

Celebrating Great Work and People

We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.

From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.

Our Community Leadership Program also recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with the opportunity to take a paid day off each year to support their favourite local charity.

The Perks

HomeEquity Bank offers a competitive total rewards package that includes the following:

Extended health and dental benefits
Employee & Family Assistance Program
Employer Matched Group Retirement Savings Plan
Employee Share Ownership Plan
Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
Employee corporate discount for GoodLife Fitness

Stay in the Know

Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:

LinkedIn

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