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Senior Manager, Lending Compliance

🕒 3 days ago
Lending ComplianceRegulatory ComplianceFinancial Services RegulationDigital Lending
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📜 Description

  • Advise business leaders on regulatory impacts affecting products, services, and organizational initiatives.
  • Monitor legislative and regulatory changes across jurisdictions and maintain alignment.
  • Create, update, and oversee implementation of compliance and operating policies and controls.
  • Manage daily compliance frameworks and lending-operation license registrations and renewals.
  • Develop compliance training and prepare regular updates for senior leaders, executives, and the Board.
  • Support enterprise risk and governance meetings, legal initiatives, and reporting on significant compliance issues.

🛠️ Requirements

  • Ability to lead, work with and engage across functional boundaries
  • Experience effectively advising and collaborating with business partners at all levels
  • Ability to understand urgency levels and organize and prioritize work to meet deadlines
  • Ability to build and maintain relationships with corporate departments and key business partners
  • Bachelor’s degree required in business law or a related field
  • 5+ years experience in a compliance, audit, legal, or equivalent role
  • Knowledge of the legislative process and legislation pertinent to financial services; and the regulators and the regulatory environment for financial services and digital lending
  • Excellent ability to understand, analyze and interpret legislation to business leaders
  • Effective presentation skills through strong oral and written communication
  • Excellent analytical and problem-solving skills

✨ Benefits

  • An award-winning culture with a collaborative & inclusive team.
  • Annual Bonus: 20%
  • Committed to flexible work arrangements, offering hybrid workplace options.
  • Comprehensive medical, dental and vision coverage + Lifestyle Account.
  • RRSP Matching and Parental Leave Top UP Program.
  • In office massage, meditation & workout sessions.
  • Virtual events such as Lunch & Learns, company parties, fun team activities and charity initiatives.
  • Career learning and development programs.
Full job description

Who we are:

Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada. Our platform helps businesses close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.

We are small enough that you can make an impact within the company and large enough to make an impact in the market. Financeit is a company where collaboration, inclusivity, fairness, and respect aren’t just ideas that get talked about, but are part of who we are. If such a workplace intrigues you, we hope you’ll join us.

About the role:

Reporting into our Chief Counsel Officer, the Senior Manager, Lending Compliance will oversee the regulatory landscape and compliance framework specific to our consumer lending operations. You will ensure that all lending products, operations, licenses, and organizational initiatives are in line with operating legislation and regulations. Our compliance framework incorporates various areas of expertise including privacy, anti-money laundering (AML), marketing, and vendor management.

This role will execute corporate license registrations, run compliance frameworks, and actively advise departments on regulatory compliance. By proactively adjusting to legislative changes, you will safeguard our business operations and support enterprise risk governance. You will also support the legal function with litigation management and corporate services as needed.

What you'll be doing:

  • Serve as the primary subject matter expert, advising business leaders on regulatory impacts, new products, services, and organizational initiatives.
  • Monitor legislative and regulatory changes across all jurisdictions to ensure ongoing alignment.
  • Create, update, and monitor the implementation of application compliance and operating policies.
  • Assist in developing and maintaining regulatory compliance training programs across relevant business lines.
  • Manage compliance frameworks daily and execute all corporate licensing registrations and renewals for lending operations.
  • Prepare monthly reporting for the Senior Leadership Team and quarterly updates for the Board of Directors and Executive Team on key compliance items.
  • Prepare materials and actively run Enterprise Risk and Governance Committee (ERGC) meetings to support the Chief Compliance Officer.
  • Provide timely reporting on significant regulatory and compliance issues to the legal team
  • Act as a Legal Department liaison on enterprise initiatives.
  • Monitor, test, and oversee the implementation of controls necessary to comply with regulatory developments and business processes.

Who you are:

  • Ability to lead, work with and engage across functional boundaries
  • Experience effectively advising and collaborating with business partners at all levels
  • Ability to understand urgency levels and organize and prioritize work to meet deadlines
  • Ability to build and maintain relationships with corporate departments and key business partners

Requirements

  • Bachelor’s degree required in business law or a related field
  • 5+ years experience in a compliance, audit, legal, or equivalent role
  • Knowledge of the legislative process and legislation pertinent to financial services; and the regulators and the regulatory environment for financial services and digital lending
  • Excellent ability to understand, analyze and interpret legislation to business leaders
  • Effective presentation skills through strong oral and written communication
  • Excellent analytical and problem-solving skills
  • High level of sound and independent judgment, reasoning, and discretion

Benefits

Winner of Canada’s Most Admired Corporate Cultures, twice. We offer more than just the basics, take advantage of:

  • An award-winning culture with a collaborative & inclusive team.
  • Competitive pay and performance-based bonus:
    • Annual Base Salary: $120,000 - $135,000
    • Annual Bonus: 20%
  • Committed to flexible work arrangements, offering hybrid workplace options.
  • Comprehensive medical, dental and vision coverage + Lifestyle Account.
  • RRSP Matching and Parental Leave Top UP Program.
  • In office massage, meditation & workout sessions.
  • Virtual events such as Lunch & Learns, company parties, fun team activities and charity initiatives.
  • Career learning and development programs.

Next Steps:

If what you just read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you are selected to move forward in the process.

Financeit is an equal opportunity employer. We celebrate diverse backgrounds and perspectives because we know they make our team stronger and our product better. We hire based on talent, potential, and culture add - no matter your background, identity, or life experience, you are welcome here.

We may use AI to support our hiring process. While these tools assist our team, applications are ultimately reviewed and assessed by our recruiters. If you require accommodation at any stage of the recruitment process, please let our People Success team know. Please note that this posting is for an existing vacancy, and all employment offers are contingent upon a successful background and credit check, among other verifications.

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