Analyst, Governance Advisory and Oversight x 2

Analyst,  Governance Advisory and Oversight x 2

Role Responsibilities:
• Act as liaison for Engineering & Platforms by facilitating process, reviewing packages, providing recommendations, obtaining pre-approvals, concurrences and VP approvals.
• Help ensure processes are in place to identify risks and/or gaps that need to be mitigated.
• Identify gaps in policies and procedures and participate in the formulation of new policies and procedures to meet changes to industry rules and regulations.
• Communicate changes to and seek clarification on behalf of Development and Engineering teams.
• Support remediation oversight of compliance issues, i.e. advise Managers when compliance issues arise, monitor and report on the resolution and closure of action plans.
• Support major issues remediation.
• Help address compliance-related training needs.
• Continuously build knowledge in the areas of technology risk, controls and indicators.
• Is accountable for managing and executing pre-audit preparedness activities and preparing internal team communications, managing and triaging the flow of audit pull lists to the subject matter experts, as well as tracking, monitoring and managing all submissions to Corporate Audit.
• Assists in the implementation, maintenance and administration of a specific compliance program. Coordinates and performs risk assessment, monitoring and testing activities to ensure program remains current and aligned with our Compliance Program.
• Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met. Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them. Identifies risks and implements appropriate actions to mitigate them.
• Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements.
• Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

Must Have Skills and experience:
• 5 – 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Provides advice and influences assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.
• Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an indepth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective professional relationships with business group, internal/external stakeholders and trust with regulators.
• Analyses/reviews and reports compliance data and associated data to Compliance and business/group management.
• Assists to identify more effective compliance controls.
• Tracks testing activities to ensure compliance controls are operating and aligned to regulatory requirements.
• Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation.
• Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyzes and reports compliance information to Compliance and business/group management.
• Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations.
• Coordinates risk assessments for business/group and assists to identify more effective compliance controls.
• Analyzes and reports compliance information to Compliance and business/group management.
• Advises first line of defense management and employees on compliance matters.
• Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.