Senior Compliance & Controls Lead (1B-Ops)

We are currently seeking a Senior Compliance & Controls Lead (1B-Ops) to join our team. This is a hybrid role with an option to work from our Collaboration Centers in Langley, Vancouver, Kelowna, Penticton, Duncan, Victoria, or Toronto. The Senior Compliance & Controls Lead (1B-Ops) supports Operations/Leadership in the effective implementation, maintenance, and administration of first line of defense (1st LOD) programs (e.g., operational risk, compliance, regulatory, etc.), including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, as well as second & third-line functions to ensure Compliance, regulatory or operational risks identified, mitigated, monitored, and reported on an ongoing basis. Here’s what would be included as a part of your typical day Leadership: Builds effective relationships with internal/external stakeholders. Tracks exception/exemption requests and corresponding approvals. Facilitates training to ensure business unit employees fully understand requirements. Builds awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including making presentations, to promote a culture of risk identification and management. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Compliance Leadership: Provide professional daily supervision and compliance advice to member facing teams. Verify that controls identified in RCSAs are implemented. Establish and maintain process map and controls library. Understand the applicable regulatory requirements and establish adequate testing is designed to identify control gaps and non-compliance with regulatory requirements, best practices, and internal policies and procedures. Analyse and address the identified risk exposures and support the development of action plans required to mitigate identified risks. Develop, implement, and monitor KRIs for each process. Escalate potential issues and exception items noted during the review process to senior management. May network with industry contacts to gain competitive insights and best practices. Third Party Risk Management (TPRM): Conduct the materiality assessment on each potential vendor and non-vendor. Perform due diligence based on the outcome of the materiality assessment. Conduct risk assessment. Must ensure that the due diligence documents are maintained, and key controls are effectively communicated to all relevant personnel and departments including Procurement, Legal, Risk Management and IT Department. Change Facilitation: Ensures that all changes follow the requirements of the change management policy. Oversees the change management framework, tools, and templates are used in accordance with the framework. Liaises to ensure Risk is involved where appropriate in the change as early as possible, preferably in the preparing for the change stage. Ensures all aspects of the change management plan are developed, in accordance with the change management framework. Identifies, assesses, and mitigates risks in a timely manner. Directs all the requirements identified by Risk are documented and escalated to the appropriate line of business to be completed in a timely manner. Provides updates and documentation as requested by Risk. Ensures affected key processes are mapped and guidelines and procedures are created and/or updated and available for end users Project/Initiatives : Leads or acts as a key stakeholder on project execution, harmonization and continuous improvements on branch operational policy and process initiatives that impact the member experience, branch performance or alignments to risk tolerance. Provides expertise and support in development of a content management framework that supports Tru Cooperative Bank’s (Tru) s…

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