Manager, Regulatory Compliance

Career Opportunity
Role TitleManager, Regulatory CompliancePurpose of role
The Manager, Regulatory Compliance plays a key role in the overall success of the Enterprise Compliance function by leading important areas of Foresters Regulatory Compliance Management (RCM) Program and contributing to the identification, assessment, management, monitoring and reporting of an effective Regulatory Compliance Program in line with OSFI’s Guideline E-13.While this role primarily supports the RCM Program for Foresters US and Canadian life insurance and annuity business, it also contributes to the enterprise RCM program and other Compliance initiatives.This role does not have any reports at this time but may at a future point.Key Responsibilities
Lead Core Areas of the RCM ProgramResponsible for the sufficiency of regulatory content being digested by the RCM Program, including evaluating existing content, identifying potential content catalog changes, and ensuring content is added as products, markets, and regulatory topics changeResponsible for ensuring the successful integration of regulatory content into the Risk Cloud GRC tool. This platform is used to identify and manage regulatory compliance risks, regulatory compliance controls, as well as any compliance gaps or issuesLiaise with the RCM content vendor to support efficient regulatory change management by identifying potential process and technical improvementsEnsure the accuracy of the regulatory applicability review process, including performing escalated reviewsRefine the existing regulatory content applicability review process to reflect volume and breadth of regulations, including working with business leaders to ensure stakeholder buy-in and consider potential horizon scanningDevelop reports on the RCM program, including identifying valuable metrics that effectively demonstrate the status of Compliance risk for the CCO, senior management, and the BoardRevise and update training materials and deliver training in respect of the RCM Program at all levels of the organizationLiaise with Enterprise Risk and Internal Audit to support the alignment of control functionsStay up to date on regulations impacting RCM programs and industry best practices across North AmericaSupport the RCM Program and Compliance Program OverallSupport ongoing governance of the RCM program, including updating applicable policies, guidelines, and other materialsSupport and/or coordinate responses to regulatory inquiries, examinations, audits, quality assurance reviewsMonitor, elevate and report on regulatory compliance issues and exception items, as appropriateAssist with the Compliance review and challenge of business records across all applications within Risk CloudCollaborate and contribute to the development of effective relationships with other 2nd and 3rd line functions to implement and optimize governance processes, including resulting from internal audit findings, compliance testing and policy reviewsChampion an environment of innovation and continuous improvement with a focus on client experienceSupport other Compliance work and initiatives, as requestedParticipate in industry groups and committeesContribute to a high-performance culture through ensuring alignment of the team’s work with organizational goalsPromote awareness of a compliance culture across Foresters, including by developing training materials and delivering education sessions.Key Qualifications
8+ years experience in a compliance, legal, audit, risk or governance role, preferably supporting regulatory compliance management in a financial services organizationMust be a practical systems thinker who enjoys devising solutions to complex questions and is not deterred by ongoing process re-design in pursuit of improvementUniversity degree in law, business or a related discipline. Professional certifications, such as JD, CRCM, CCEP, are an assetPeople management experience, including coaching and developing more junior talentLooking to continually develop as a compliance professional as part of a purpose-led organization that values teamwork and collective successExperience and knowledge of the life insurance industry in Canada and the US is an assetHigh ethical standards are required along with a willingness to challenge the status quoMust be able to work effectively in a hybrid setting by staying organized and prioritizing to meet deadlines and manage multiple stakeholders. This role requires a minimum of 2-3 days per week in Foresters head office in TorontoExperience and knowledge of GRC solutions and data analytics is an assetStrong writing and presentation skillsFamiliarty with the use of artificial intelligence in RCM programs and Compliance functions is an assetAbility in Microsoft Teams, Copilot, Word, Excel and PowerPointSalary Range
$80,000 - $120,000The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.Please note that this posting is intended to fill an existing vacancy;
however, there may be instances where more than one vacancy is available for the same role.Equal Opportunity Employment and Inclusion –
at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email View email address on ca.hrm.tc in advance of your appointment.Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.
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