Compliance Specialist

Atlantic Central provides liquidity management, payments processing and trade association services to support the credit unions of Atlantic Canada. The Central provides leadership, advocacy and a range of support services in the fulfillment of key functions and is establishing a new specialized Risk Management and Compliance service for participating credit unions. The following position will be critical in delivering this new service.

Atlantic Central’s Halifax office is currently accepting applications for the position of Compliance Specialist who is the Atlantic Service Centre (ASC) subject matter expert for non-Anti Money Laundering compliance (i.e. Canada’s Anti-Spam Legislation (CASL), Foreign Account Tax Compliance Act (FATCA), Personal Information Protection and Electronic Documents Act (PIPEDA), Common Reporting Standard (CRS)). The incumbent will also provide compliance monitoring, direction, advice and support to customers.

THE POSITION:
Reporting to the Manager, Compliance, the Compliance Specialist is responsible for:

  • Serving as the subject matter expert on customer requirements pertaining to non-AML regulatory compliance legislation (i.e. CASL, FATCA, PIPEDA, CRS) and remediation.
  • Providing advice, direction, guidance, monitoring and support services to customers to help ensure they are compliant with all relevant legislation, including but not limited to, the application of RCM framework, remediation planning, and compliance audit preparation.
  • Preparing non-AML regulatory reports and filings for the customer’s approval and submission (e.g. Common Reporting Standard (CRS) reports and filings, privacy reports, FATCA report to Board etc.)
  • In collaboration with customers, ensuring proper documentation of violations of regulatory requirements (e.g. privacy breaches), policies and procedures, internal controls.
  • Documenting and tracking compliance issues and supporting customers with effective remediation planning.
  • Conducting compliance issue trend analysis. Evaluating effectiveness of corrective actions or mitigation strategies. Reports findings to customers for further action.
  • With input from Manager, Compliance, performs CASL risk assessments for customers and makes recommendations if necessary.
  • Establishing standardized control activities, including but not limited to, customization of test plans for the customers, compiling test results, preparing test outcomes reports etc.
  • Staying current on compliance related changes and developments in the financial services industry (e.g. review of publications, participation in industry associations, employee development initiatives, etc.) and assessing the potential impacts of these changes on compliance services.
  • Assisting the Manager, Compliance by identifying changes to the RCM (policies, processes, procedures, and controls) in accordance with regulatory/compliance landscape developments.
  • Providing input into development of training content and delivers training for relevant topics related to the overall compliance function.
  • Identifying and making necessary changes, with the approval of the Manager, Compliance, to compliance knowledge repository assets and notifying customers.
  • Participating in the annual review of internal controls, policies and procedures within the ASC.
  • Completing other duties or projects as assigned

TRAVEL AND EVENING AND WEEKEND WORK:
This position requires occasional travel throughout Atlantic Canada and occasional evening and weekend work.

THE PERSON:
The ideal candidate for this position will have successfully completed a Bachelor’s Degree in Business Administration or Finance, plus have 3-5 years relevant experience within a financial institution, preferably a credit union; or have an equivalent combination of experience and education.  A CRM-E designation would be considered as asset.

COMPETENCY REQUIREMENTS:

The successful candidate will have the following skill set:

  • Deep knowledge of the financial regulatory environment and requirements regarding: PIPEDA, FATCA, CASL, and CRS
  • Strong oral and written communication skills (including presentation skills)
  • Strong interpersonal skills
  • Demonstrated strong organizational skills and ability to multitask
  • Proven analytical capability to solve complex problems
  • Demonstrated proficiency in Microsoft Office applications (Excel, Word, PowerPoint)
  • Proven influencing and consultation skills
  • Proven ability to effectively work with diverse stakeholder groups and to interact with all levels of management and staff
  • Proven training and facilitation skills
  • Proven ability in managing multiple deadlines and competing priorities

The successful candidate will also demonstrate strong abilities in the following competencies:

  • Adaptability to Change
  • Customer Service Orientation
  • Listening, Understanding and Responding
  • Results Orientation
  • Teamwork and Cooperation
  • Strategic Orientation

COMPENSATION:
This is a permanent full-time position and is rated a Salary Level CU-6 ($54,016-$63,548).  Atlantic Central offers a competitive benefits package as well as the opportunity to participate in the Performance Sharing Incentive Plan.

Applications will close on October 19, 2018.

Interested candidates should forward their résumé, including salary expectations, in confidence, to:

Human Resources Department
Atlantic Central
6074 Lady Hammond Road
Halifax, NS   B3K 2R7

Email: humanresources@aclsm.ca
(When sending applications by e-mail, please send in MS Word format)