Director, Compliance Risk Management
Top Benefits
About the role
Who We Are HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.
OUR VALUES, OUR PASSION At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional. Inspire Greatness
Position Summary Reporting directly to the Vice President & Chief Compliance Officer, the Director, Compliance Risk Management is a senior leader responsible for overseeing the design, implementation, and ongoing execution of HomeEquity Bank’s enterprise-wide Regulatory Compliance Management (RCM) program. This position ensures the bank’s regulatory compliance through hands-on leadership in developing, maintaining, and monitoring robust compliance risk frameworks, policies, and procedures aligned with regulatory requirements, including OSFI guidelines and industry best practices.
The incumbent leads all regulatory compliance programs, which encompass Regulatory Change Management, Compliance Issue Management, Compliance Monitoring and Reporting, Testing and Validation, as well as providing advice and challenge to business units. This includes overseeing the development, implementation, and maintenance of compliance policies, procedures, and guidance. The incumbent partners closely with business units and risk management teams to drive consistency, effectiveness, and continuous improvement across the organization, ensuring that all compliance activities align with regulatory requirements and industry best practices.
This role is pivotal in fostering a strong compliance culture in a small Canadian bank with a strong growth agenda, mentoring a high-performing team, and proactively addressing regulatory requirements to safeguard the bank’s operations.
MAJOR ELEMENTS OF THE ROLE Key Accountabilities Of This Position Include
- Strategic Leadership of Compliance Risk Management Programs: Provide oversight and direction for the bank’s enterprise-wide regulatory compliance management (RCM) framework, ensuring alignment with evolving regulatory expectations and industry standards. Champion a culture of integrity and accountability with business/function partners and across the enterprise.
- Execution Excellence and Team Leadership: Lead, mentor, and empower a high-performing compliance team to deliver on the Regulatory Compliance Management (RCM) Program and all related compliance initiatives, driving measurable outcomes.
- Operational Oversight of Monitoring and Testing: Ensure rigorous, data-driven management of the Compliance Monitoring and Testing Program, proactively identifying and addressing compliance gaps, and embedding a continuous improvement mindset throughout all compliance activities.
- Frameworks, Policy, and Guidance: Architect and sustain robust regulatory compliance frameworks, policies, procedures, and controls, enabling the Bank to not only meet but anticipate and adapt to applicable laws, regulations, rules, and guidelines.
- Regulatory Intelligence: Maintain expert-level knowledge of the regulatory environment, providing timely, actionable insights on emerging laws and regulations, and ensuring the Bank’s strategic positioning for ongoing compliance.
- Oversight of Corrective Action Implementation: Direct the resolution and closure of management corrective actions arising from regulatory compliance issues, ensuring accountability and the timely achievement of targeted outcomes.
- Trusted Business Partnership: Serve as a strategic advisor to business units and functions, providing expert guidance on complex compliance program matters.
Qualifications SKILLS AND EXPERIENCE REQUIRED
- Degree in Business, Finance, Law or a closely related discipline; a post-graduate degree or recognized professional designations such as CFA are highly valued and will distinguish candidates for this senior role.
- Bring a minimum of 8 years of progressive experience in a regulated financial institution, demonstrating leadership and deep expertise in compliance risk management.
- Proven track record in designing, implementing, and managing comprehensive compliance programs, with the ability to drive strategic initiatives and deliver measurable results.
Attributes
- Exceptional communication skills (both written and oral), with a demonstrated ability to distil complex technical and regulatory concepts into clear, actionable business insights for executive audiences, board members, and cross-functional stakeholders.
- Demonstrates advanced report writing skills and attention to detail, consistently producing thorough, insightful, and well-structured compliance reporting tailored to senior management, board and regulatory bodies.
- Proven track record of building, leading, and sustaining high-trust professional relationships across all levels of the organization—including executive leadership, peer directors, and diverse teams—while exercising significant influence and driving alignment on critical compliance program matters.
- Self-driven and accountable, with a strong “go-getter” approach; excels in both independent and collaborative settings, fostering a culture of inclusion, innovation, and respect for diverse perspectives.
Working Conditions Unique to Job
- Hybrid office environment
WHY WORK AT HOMEEQUITY BANK? Great Environment HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
A Dynamic Culture – With People at the Centre We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.
Growth and Opportunities We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.
Celebrating Great Work and People We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.
From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.
Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.
The Perks (for eligible employees)
- HomeEquity Bank offers a competitive total rewards package that includes:
- Extended health and dental benefits
- Employee & Family Assistance Program
- Employer-Matched Group Retirement Savings Plan
- Employee Share Investment Plan
- Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
- Employee corporate discount for GoodLife Fitness
HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Please note that our successful candidate is required to complete a background check.
Stay in the Know About Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:
Youtube
Chip.ca
Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.
About HomeEquity Bank
HomeEquity Bank is a Schedule I Canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over. HomeEquity Bank is a privately held company and helps Canadians live retirement their way by providing a safe, secure, and easy way to access the equity they’ve built up in their homes through their financial solutions, the CHIP Reverse Mortgage® and Income Advantage®.
HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.
Director, Compliance Risk Management
Top Benefits
About the role
Who We Are HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage™ product.
OUR VALUES, OUR PASSION At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional. Inspire Greatness
Position Summary Reporting directly to the Vice President & Chief Compliance Officer, the Director, Compliance Risk Management is a senior leader responsible for overseeing the design, implementation, and ongoing execution of HomeEquity Bank’s enterprise-wide Regulatory Compliance Management (RCM) program. This position ensures the bank’s regulatory compliance through hands-on leadership in developing, maintaining, and monitoring robust compliance risk frameworks, policies, and procedures aligned with regulatory requirements, including OSFI guidelines and industry best practices.
The incumbent leads all regulatory compliance programs, which encompass Regulatory Change Management, Compliance Issue Management, Compliance Monitoring and Reporting, Testing and Validation, as well as providing advice and challenge to business units. This includes overseeing the development, implementation, and maintenance of compliance policies, procedures, and guidance. The incumbent partners closely with business units and risk management teams to drive consistency, effectiveness, and continuous improvement across the organization, ensuring that all compliance activities align with regulatory requirements and industry best practices.
This role is pivotal in fostering a strong compliance culture in a small Canadian bank with a strong growth agenda, mentoring a high-performing team, and proactively addressing regulatory requirements to safeguard the bank’s operations.
MAJOR ELEMENTS OF THE ROLE Key Accountabilities Of This Position Include
- Strategic Leadership of Compliance Risk Management Programs: Provide oversight and direction for the bank’s enterprise-wide regulatory compliance management (RCM) framework, ensuring alignment with evolving regulatory expectations and industry standards. Champion a culture of integrity and accountability with business/function partners and across the enterprise.
- Execution Excellence and Team Leadership: Lead, mentor, and empower a high-performing compliance team to deliver on the Regulatory Compliance Management (RCM) Program and all related compliance initiatives, driving measurable outcomes.
- Operational Oversight of Monitoring and Testing: Ensure rigorous, data-driven management of the Compliance Monitoring and Testing Program, proactively identifying and addressing compliance gaps, and embedding a continuous improvement mindset throughout all compliance activities.
- Frameworks, Policy, and Guidance: Architect and sustain robust regulatory compliance frameworks, policies, procedures, and controls, enabling the Bank to not only meet but anticipate and adapt to applicable laws, regulations, rules, and guidelines.
- Regulatory Intelligence: Maintain expert-level knowledge of the regulatory environment, providing timely, actionable insights on emerging laws and regulations, and ensuring the Bank’s strategic positioning for ongoing compliance.
- Oversight of Corrective Action Implementation: Direct the resolution and closure of management corrective actions arising from regulatory compliance issues, ensuring accountability and the timely achievement of targeted outcomes.
- Trusted Business Partnership: Serve as a strategic advisor to business units and functions, providing expert guidance on complex compliance program matters.
Qualifications SKILLS AND EXPERIENCE REQUIRED
- Degree in Business, Finance, Law or a closely related discipline; a post-graduate degree or recognized professional designations such as CFA are highly valued and will distinguish candidates for this senior role.
- Bring a minimum of 8 years of progressive experience in a regulated financial institution, demonstrating leadership and deep expertise in compliance risk management.
- Proven track record in designing, implementing, and managing comprehensive compliance programs, with the ability to drive strategic initiatives and deliver measurable results.
Attributes
- Exceptional communication skills (both written and oral), with a demonstrated ability to distil complex technical and regulatory concepts into clear, actionable business insights for executive audiences, board members, and cross-functional stakeholders.
- Demonstrates advanced report writing skills and attention to detail, consistently producing thorough, insightful, and well-structured compliance reporting tailored to senior management, board and regulatory bodies.
- Proven track record of building, leading, and sustaining high-trust professional relationships across all levels of the organization—including executive leadership, peer directors, and diverse teams—while exercising significant influence and driving alignment on critical compliance program matters.
- Self-driven and accountable, with a strong “go-getter” approach; excels in both independent and collaborative settings, fostering a culture of inclusion, innovation, and respect for diverse perspectives.
Working Conditions Unique to Job
- Hybrid office environment
WHY WORK AT HOMEEQUITY BANK? Great Environment HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility – an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
A Dynamic Culture – With People at the Centre We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.
Growth and Opportunities We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.
Celebrating Great Work and People We believe in an environment that celebrates success, knowledge, leadership, and work that is inspired by our core values. For these reasons, we have created several programs that make it easy for our employees to say ‘great job’ to their colleagues and leaders.
From our Appreciate! Program to the High Five Award Program and President’s Award Program, we recognize professional achievement with a variety of rewards including points towards gift cards, merchandise, and travel experiences, as well as group RRSP/DPSP contributions and more.
Our Community Leadership Program recognizes employees who make a positive impact in their communities through volunteer work with a grant for their charity of choice. Additionally, we provide employees with one paid day off each year to volunteer at their favourite local charity.
The Perks (for eligible employees)
- HomeEquity Bank offers a competitive total rewards package that includes:
- Extended health and dental benefits
- Employee & Family Assistance Program
- Employer-Matched Group Retirement Savings Plan
- Employee Share Investment Plan
- Well-being initiatives including: a wellness account; virtual self-care programs and extended mental health benefits
- Employee corporate discount for GoodLife Fitness
HomeEquity Bank is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Please note that our successful candidate is required to complete a background check.
Stay in the Know About Find out what we’re up to online, and learn more about what makes HomeEquity Bank a great place to work:
Youtube
Chip.ca
Join Us! If you’re ready to build the future of reverse mortgages, we want to hear from you.
About HomeEquity Bank
HomeEquity Bank is a Schedule I Canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over. HomeEquity Bank is a privately held company and helps Canadians live retirement their way by providing a safe, secure, and easy way to access the equity they’ve built up in their homes through their financial solutions, the CHIP Reverse Mortgage® and Income Advantage®.
HomeEquity Bank has been the leader of reverse mortgages in Canada since its inception in 1986. HomeEquity Bank has an effective direct-to-consumer distribution model as well as a well-established network of referral partners. This extensive partner network includes all major Canadian banks, credit unions, mortgage brokers, and financial planning firms.