Seeing beyond numbersTM
At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.
This role sits within Laurentian Bank.
Can be located in Toronto or Montreal.
This leadership role is responsible for monitoring regulatory developments, ensuring applicable compliance program updates, and overseeing the status of regulatory developments across the enterprise. The role is also responsible for relaying regulatory requirements to stakeholders. The role requires strong legal and communication skills and experience reading and interpreting regulatory requirements (Acts, Regulations, Guidance, etc) issued by regulatory bodies.
Responsibilities
Regulatory Change Monitoring & Coordination:
- Track regulatory changes impacting the enterprise.
- Track status of regulatory changes working with RCM Advisors and CCO Securities Dealers
Regulatory Change Management Standard, Process & Oversight
- Develop and recommend standards and procedures to manage regulatory change and ensure alignment with Regulatory Compliance Management Policy.
- Design, implement, and maintain the regulatory change management process and related tools, ensuring visibility on adherence to evolving regulations across the enterprise.
- Coordinate reporting of overall state of readiness for new / amended regulatory requirements in accordance with RCM’s Key Risk Indicators and Sector’s key performance indicators.
Communicate Regulatory Change
- Monitor and communicate upcoming / potential regulatory change to RCM Advisors and stakeholders.
- Create regulatory change briefing memos for stakeholders summarizing key aspects / changes (once applicability is confirmed).
- Engage with risk and compliance teams to assess inherent risk profile (as per RCRA methodology) and update regulatory requirements inventory.
- As part of the regulatory change process, together with other stakeholders, provide guidance on complex or unusual compliance regulatory requirements, ensuring clear regulatory interpretation so that stakeholders are able to assess impact.
- Contribute to supporting employees and managers in maintaining compliance with regulations, procedures, and legal applications.
Expertise & Knowledge Maintenance
- Ensure ongoing training and knowledge enhancement on regulatory change management processes across stakeholders.
Qualifications
- Legal & Regulatory Expertise: Law degree (JD, LLB) preferred, with a strong background in compliance and risk management. Ability to read and interpret regulatory legislation/regulations/guidance/etc.
- 8 years of experience in regulatory.
- Strategic Compliance Leadership: Proven experience in regulatory oversight, governance, and enterprise-wide risk management.
- Advanced Analytical & Communication Skills: Ability to interpret regulatory developments and present findings effectively to stakeholders and executives.
- Collaboration & Stakeholder Engagement: Experience working across compliance, legal, risk, and business units to drive regulatory change.
- Technology-Driven Compliance Solutions: Familiarity with compliance management systems and compliance reporting tools.
- Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages
What Laurentian Bank Has To Offer You
The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.
Here are some of the key points of our offering:
- The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
- Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
- Work model: We prioritize a hybrid work model based on business needs.
- Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
- Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees.
- Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
- Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
- Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.
We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.
Inclusion and Accessibility
At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.
We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.
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