Principal or Senior Advisor, Compliance Risk Management Compliance Lead

Job Description

Posting Date: May 4, 2022, 2:47:42 PM

Primary Location: Ontario-Ottawa

Job Type: Permanent

Schedule: Full-time

EDC is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. We take on risk so Canadian businesses can take on the world.

When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace. Your knowledge and expertise will support more than 25,000 Canadian companies and their customers in as many as 200 markets worldwide. You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer. #LI-Hybrid

Export Development Canada (EDC) is seeking a seasoned compliance risk professional to join the Compliance & Ethics team as Principal or Senior Advisor, Compliance Risk Management (CRM). In this senior role, you will have the opportunity to contribute to the enhancement of CRM at EDC while assisting to develop a specific CRM program for FinDev Canada.

FinDev Canada, a wholly-owned subsidiary of EDC, was established in 2018 as Canada’s development finance institution. FinDev Canada’s mandate is to provide financial solutions to the private sector and mobilize private investment in developing countries in order to empower women, mitigate and adapt to climate change, and develop markets in a manner consistent with Canada’s international development priorities.

As a member of the EDC group, FinDev Canada benefits from a ‘shared service’ environment, which includes the provision of CRM services from EDC. As FinDev Canada enters an exciting phase of growth and maturity as an organization, a specific compliance resource to address the management and mitigation of compliance risks for FinDev Canada critical.

To that end, in this new senior role, you will be responsible for continuing development of the identification, risk-assessment, monitoring and testing and management of key compliance risks for FinDev Canada in alignment with the EDC CRM program. This includes oversight over the identification and management of compliance risks and controls as they relate to legal and other compliance obligations of FinDev Canada. You will also develop training and awareness initiatives to enhance leader and employee knowledge of compliance requirements and risks.
In addition to your responsibilities with FinDev Canada, you will also be part of EDC’s growing compliance team and, as required, may provide expert guidance to other EDC business units to ensure that risks are being effectively monitored and controlled in accordance with EDC’s risk appetite.
Discipline Summary

• Applies a risk-based approach for identifying, risk-assessing, communicating, managing and mitigating compliance risks
• Designs, develops, implements and promotes awareness of the organization’s CRM mandate and policies
• Coordinates and conducts the assessment of internal controls to ensure compliance with applicable legal obligations and adopted industry standards
• Develops and/or oversees the development of safeguards to ensure the effectiveness of the organization’s internal controls

Key Responsibilities

• Developing and maintaining a Compliance Risk Management program, including policies, standards, guidelines, processes and procedures, as applicable, in support of EDC’s responsibility to provide compliance risk management to FinDev Canada
• Working with key EDC and FinDev Canada stakeholders, establishes, maintains, and conducts ongoing mapping and optimization of a compliance universe
• Collaborates closely with FinDev Canada Legal Services and other subject matters experts with respect to legal and compliance obligations (including new and evolving complex legal and compliance obligations)
• Conducts risk assessments and develop risk-based methodologies to independently monitor, test and constructively challenge the operating effectiveness of compliance controls
• Oversees issues management processes and methodologies, to identify, assess, track and, as appropriate, escalates compliance issues
• Responsible for the design, content and production of compliance reporting (including the development of Key Risk Indicators (KRIs), and Key Performance Indicators (KPIs)
• Develops training to educate FinDev Canada employees, leaders, Executive and the Board of Directors on compliance risk
• Provides expert advice and guidance to stakeholders across the organization on the day-to-day management of compliance risks
• Supports complex projects and initiatives in collaboration with business and technology partners
• Creates and prepares memos and reports communicating regulatory updates of compliance issues for distribution internally, to Senior Management and the Board of Directors; or to various committees in a concise and professional manner
• As required, performs similar responsibilities in support of the EDC CRM program

Screening Criteria

• Undergraduate degree in Business Administration, Law or in a related field
• Minimum 7 years (Sr. Advisor) or 10 years (Principal) of experience in compliance, legal, regulatory or related experience in the financial services industry
• Deep understanding of compliance risk management frameworks, policies, methodology and best practices
• Knowledge of governing legislation and regulatory guidelines
• Demonstrated experience and knowledge of financial institution standards relating to compliance risk management
• Experience with international financial transactions and managing financial crime risk
• Experience marrying legislative and/or supervisory requirements applicable to financial institutions
• Excellent relationship and influence management skills with the ability to build productive relationships across teams and levels of seniority
• Results-oriented, highly motivated with a great ability to influence others
• Great attention to detail, proactive and responsive to short deadlines
• Autonomy, initiative and capacity for peer and self-learning
• Experience and proven abilities in preparing and drafting reports for management
• Bilingual in both official languages (French and English)*
• * In the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered. Both bilingual and unilingual candidates are encouraged to apply

Assets

• Experience in working in a financial Crown Corporation, developmental or other international financial institution or comparable environment
• License to practice law

Salary ranges

• Principal: $106,500 - $159, 700, plus performance-based incentive
• Senior Advisor: $89, 000 - $133,600, plus performance-based incentive

*Please note that we will consider candidates at the Principal level and Senior Advisor level depending on the incumbent’s qualifications*.
Location

• It is preferred that this role be performed, with a hybrid work arrangement, at the EDC Head Office in Ottawa or the FinDev Canada Head Office in Montreal. Relocation assistance is available for eligible candidates. For qualified candidates, a remote work arrangement may be considered from any city within Canada.

Please note that EDC will be following a mandatory vaccination policy.

How to apply

Only candidates selected for an interview will be contacted. Application deadline on www.edc.ca/careers: May 20, 2022, 11:59:00 PM EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation. Candidates must meet the requisite government security screening requirements.