Compliance Control Testing Specialist
Job ID: 8513
Working Business Language: English
Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.
The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $80, 000- $100, 000. Candidates with salary expectations outside of the range are still encouraged to apply.
About Us
At Wawanesa, we're proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Calgary, AB; Toronto, ON
The Wawanesa Mutual Insurance Company ("Wawanesa Mutual"), founded in 1896, is one of Canada's largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
The Compliance Controls Testing Specialist role contributes to Wawanesa's second line Enterprise Compliance team. This role works under minimal supervision of the Director, Compliance Programs & Reporting to perform testing and monitoring of activities supporting Wawanesa's Regulatory Compliance Management (RCM) framework and complying with OSFI's E13 RCM Guideline by maintaining the regulatory risk universe.
Job Responsibilities
- Manage the regulatory risk and controls universe, assessing regulatory compliance risk based on the RCM framework and Enterprise policies.
- Conducts testing of internal controls to assess Wawanesa's compliance with applicable laws, regulations, and regulatory guidelines.
- Research and analyze relevant Canadian federal and provincial laws and regulations.
- Design and execute test procedures, including criteria development, questionnaires/surveys, evidence identification and coordinating processes and procedures documentation.
- Conduct stakeholder interviews, review documents, and prepare comprehensive working papers.
- Identify and document instances of non-compliance and potential regulatory issues, supporting compliance reporting processes.
- Provide recommendations to strengthen internal controls to Management.
- Cultivate working relationships with key stakeholders, collaborating across oversight functions.
- Work closely with the Legal and Governance team to assess and mitigate regulatory compliance risks.
- Contribute to additional duties, projects, and responsibilities as assigned.
Qualifications
- Minimum 3 years' regulatory compliance, internal audit, or external audit experience performing control testing, preferably in a regulated financial institution.
- Post-secondary degree/certificate or an equivalent combination of education and experience in business management, legal, public policy, or information systems.
- Interest in or actively pursuing the CIP designation would be considered an asset.
- A working knowledge of Microsoft Excel is required.
- Experience with governance, risk, and compliance tools such as Ethidex, Archer, MetricStream would be considered an asset.
- Experience with Guidewire and insurance/broker management systems would be an asset.
- Excellent attention to detail, analytical and problem-solving skills, with the ability apply critical thinking to principles-based laws and regulations.
- Exceptional written and oral communication skills, with the ability to communicate at the right level for the audience and present information or arguments in a convincing manner.
- Excellent planning, organizing, and time management skills.
- Ability to work independently as part of a team.
- Excellent attention to detail with the ability to influence key relationships.
- Bilingualism (French and English) would be considered an asset.
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Wawanesa is proud to be one of Manitoba's Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!
Diversity Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual's protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process. Candidates requiring reasonable accommodations may contact, in confidence, jobs@wawanesa.com.
If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.
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