Legal Manager, Business Compliance

This position serves as the primary First Line Compliance subject matter expert supporting multiple wealth businesses, with a strong emphasis on trust and estate services. The Compliance Specialist interprets regulatory obligations, advises business leaders on implementation, and ensures internal controls align with enterprise regulatory standards.

The role also leads execution of the Enterprise Compliance Program (ECP), working closely with business leadership, legal teams, and second-line compliance to identify, assess, and mitigate regulatory risk across wealth operations.

Business areas supported:

• Trust Services (30%)

• Registered Plans (10%)

• Insurance & Advisory Services (30%)

• Platinum / Private Banking (30%)

Core Responsibilities

Regulatory Compliance Advisory

• Interpret financial services regulations and advise on operational implementation

• Ensure processes, controls, and procedures meet regulatory requirements

• Act as compliance expert for frontline wealth business operations

• Assess impact of new and changing regulations on products and services

Enterprise Compliance Program Leadership

• Implement and maintain first-line compliance frameworks

• Conduct regulatory readiness and change management initiatives

• Partner with legal and second-line compliance on policy alignment

• Maintain regulatory inventory and controls documentation

Risk Identification & Issue Management

• Identify compliance gaps and determine root causes

• Develop remediation plans with business stakeholders

• Monitor resolution of complex regulatory issues

• Report remediation progress to senior leadership

Regulatory Risk Assessments

• Lead annual and event-driven regulatory compliance risk assessments

• Evaluate exposure across privacy, anti-corruption, and other regulatory regimes

• Document risk rationales and respond to oversight challenges

Policy & Training

• Draft and maintain compliance policies and procedures

• Deliver regulatory training and awareness programs

• Support audits, regulatory reviews, and investigations

Business-Specific Support

Trust & Estate Services

• Review onboarding risk for new trust clients

• Support trust governance committees and investment committees

• Provide ongoing regulatory guidance to trust operations

Registered Plans

• Provide compliance support for retirement and education savings plans

• Interpret legislative updates affecting plan administration

• Liaise with industry associations and regulators

Private / Platinum Banking

• Advise senior banking leaders on regulatory controls and obligations

• Address cross-department regulatory impacts

Insurance Advisory Services

• Explain regulatory frameworks to clients and advisors

• Maintain policies and oversee annual attestations

Regulatory Knowledge Requirements

Working knowledge across Canadian financial regulatory frameworks including:

• Federal banking and prudential oversight

• Securities regulation

• Insurance regulations

• Privacy and competition legislation

• Pension and registered plan legislation

Must understand regulations affecting trust companies, estate administration, registered savings plans, and insurance advisory activities.

Qualifications

• 5–7 years relevant experience (trust, banking, insurance, or compliance)

• Post-secondary degree or equivalent professional experience

• Strong knowledge of trust and estate administration requirements

Assets:

• Trust & Estate Practitioner (TEP) designation

• Legal or tax knowledge relating to estates or financial services

• Experience in insurance or wealth advisory environments

Core Competencies

• Advanced written and verbal communication skills

• Strong stakeholder management and influencing ability

• Analytical thinking and regulatory interpretation

• Program and project management capability

• Independent decision-making within regulatory frameworks

• Collaboration with senior leadership and cross-functional teams

Why This Role

This opportunity is ideal for a compliance professional with trust and estates expertise seeking a strategic advisory position within a national wealth platform. The role offers broad exposure to banking, fiduciary, and investment products while shaping governance practices and protecting clients and the organization from regulatory risk.

If you enjoy translating complex regulation into practical business solutions and working closely with senior stakeholders, this position provides a high-impact compliance career path within a major Canadian financial institution.