Control Tester (Regulatory Compliance)Client: BMODuration 12 monthsLocation: 2x/week -- Downtown TorontoHours/week: 37.5 hours/week Deliver on components of the 1LOD testing plans in accordance with the Enterprise Compliance Program and Regulatory Compliance Non-Financial Risk Framework. Execute the 1LOD testing program and document results and outcomes as required.
Understand the Enterprise Compliance Program and Regulatory Compliance Non-Financial Risk methodology. Design and implement specific monitoring and testing procedures for each applicable area of review, which may include the development of new monitoring and testing scripts.
Understand business processes across multiple entities in North America. Understand controls that support regulatory compliance and manage other sources of regulatory compliance non-financial risk. Access and update the enterprise compliance book of record GRCE.Communicate M\&T identified issues to the businesses, 1LOD Compliance Advisory, 2LOD Compliance, and 2LOD Risk.
Raise compliance and control-related awareness with the businesses and provide appropriate advice and guidance to mitigate exposures and risk. For issues identified, provide root cause analysis and recommendations to management. Identify opportunities to improve the effectiveness of testing.
Act as a liaison and compliance support to various internal business partners. Prepare reports and related test results dashboard for various stakeholders, including management. Qualifications:7 years' experience in a compliance, control testing, or audit role ideally in a dealer and/or portfolio management environment.
Knowledge and understanding of IIROC rules and regulations applicable to dealer representatives and OSC rules applicable to portfolio managers and investment fund managers. Excellent data analysis skills, organizational, analytical, and communication skills. Exhibit strong planning skills.
Successful completion of the Canadian Securities Course is preferred. Working knowledge of information technology tools required, including MS Excel, MS Word, and portfolio management or investment industry software. Ability to demonstrate effective use of judgment, interpretation, knowledge, and skill in the application of regulations and compliance requirements.
Ability to independently deliver on complex assignments with competing deadlines. Excellent interpersonal skills and strong written and verbal business communication skills. Familiarity with regulatory requirements (e.g., OSC, IIROC, SEC, OCC, etc.).
Familiarity with Investment Funds (key regulations include NI 81-102, 81-107, etc.). Experience in the planning and execution of testing (e.g., Audit, OSFI E-13, etc.). Understanding of risk and controls.
