Compliance Consultant

at  Manulife

As a federally chartered bank and federally and provincially regulated trust company, Manulife Bank and Manulife Trust (“Manulife Bank”) are subject to numerous legislative requirements including the Bank Act, the Trust and Loans Company Act, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Personal Information Protection and Electronics Document Act, among others.
The Compliance Consultant, Regulatory Compliance is responsible for supporting the effective operation of Manulife Bank’s regulatory compliance management program, including the maintenance of all relevant regulatory compliance management records, risk and control assessments, evidence of controls, compliance issues and associated corrective action plans.
In addition, the Compliance Consultant, Regulatory Compliance is a seasoned and experienced professional with expertise in reviewing and interpretating legislation and documenting requirements in plain language. The individual in this role is responsible for the preparation of quarterly and annual compliance reports for applicable stakeholders including Manulife Bank’s Board of Directors in consultation with the Director, Regulatory Compliance and the Chief Compliance Officer. The Compliance Consultant must also have experience working with regulators and have an understanding of Bank industry issues impacting the business.
The individual in this role also acts as Compliance point person for the effective operation of the second line of defense monitoring and testing program, including the preparing testing plans in collaboration with the Compliance Director and Global Center of Expertise, maintaining policies and procedures, conducting second line of defense testing, preparing testing reports and managing any associated findings with our business partners.
In addition to the Bank Compliance team, this role interacts with senior leaders, our Legal department and broader compliance teams.

JOB REQUIREMENTS:

• Specialized compliance expertise and/or legal experience working in financial services.
• Legal background would be considered an asset.
• Ability to review, interpret and document legislation and regulatory requirements.
• Highly organized and is able to prioritize work in a fast-paced environment.
• Excellent written and verbal communication skills, with the ability to simplify complicated messages.
• Subject matter expertise in banking legislation, products and procedures in various operational areas is desirable.
• Ability to readily recognize and evaluate the impact of current or potential compliance issues.
• Ability to quickly understand business processes and their risk implications, analyze complex situations, reach appropriate conclusions, make practical recommendations and exercise good judgment in escalating issues.
• Proven interpersonal, negotiation and relationship management skills. Must be able to exchange and clarify details of information in a controlled and confident manner.
• Ability to work with fluid and changing accountabilities.
• Team player who is willing to assist team members on projects and assist in sharing workloads when necessary.
• Ability to work independently and in a team environment.
• Ability to work with multiple objectives, conflicting priorities and complex issues.
• Ability to interact effectively with management and counterparts in other business units.
• Ability to interact with regulatory staff to ensure efficient handling of escalated licensing issues. Maintain collaborative relations with regulatory staff.
• Ability to take responsibility for compliance programs and operate to ensure that compliance objectives are achieved.
• Professional attitude and adherence to a high ethical standard.
• Ability to use LAN and PC applications including: Windows, Archer, Microsoft Office, Excel, AWD.
• Bilingualism in French would be considered an asset.

KEY SKILLS:

• Must be able to exercise judgment in quickly identifying issues, challenging courses of action, assessing risks. Must be able to easily develop recommendations and modify plans as business conditions change.
• Balance business needs against the policies, procedures and practices necessary to ensure compliance with regulatory obligations.
• Influence others on compliance issue resolution without direct authority and be a strong facilitator.
• Deal with sensitive issues that could be exposed to the media or regulators.

• Providing strategic support and direction, including acting as a team player and contributing to a positive and productive work environment.
• Supporting the review, interpretation, and summarization of applicable legislation to ensure relevant stakeholders understand the requirements and actions needed to meet compliance requirements.
• Triaging and responding to complex questions from our business partners, including providing privacy advice, marketing reviews and support, to ensure the safety and security of customer data.
• Supporting senior team members on digital transformation initiatives taking place within the business and providing guidance to colleagues based on technical legislative requirements and controls to mitigate risk.
• Reviewing of business processes, policies, training and documentation to meet current regulatory requirements.
• Triaging and supporting the review of external public facing communications to ensure compliance and applicable policy requirements are observed.
• Providing training to our business partners regarding legislative requirements and regulatory compliance management concepts, including first, second, and third line of defense.
• Providing training and educational seminars for our business partners including Operations, Product, Marketing, Digital Teams, Distribution and Finance.
• Participating in applicable industry working groups and consultations as needed.
• Providing both verbal and written direction to our business partners to ensure understanding and compliance with the requirement(s).
• Using technology to enhance the tracking initiatives and inquiries to find efficiencies and support the business,
• Participating in any other tasks that may be assigned from time to time.