IT GRC Analyst

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5.8 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

We are looking for an IT Governance, Risk and Compliance (GRC) Analyst to join the IT team. This is a full-time in office role based in London, Ontario.

As an IT GRC Analyst, you will directly contribute to the safeguarding of the Bank’s IT environment by ensuring that IT controls and processes are aligned with regulatory requirements, internal policies, and industry-leading practices. You will support compliance initiatives, IT risk assessments, and the design and testing of IT controls. You will also partner closely with IT, Finance, and Audit teams to support audits, track remediations efforts, and maintain reporting for leadership.  

Primary Responsibilities include:

Assist in creating, updating, and enforcing IT policies, standards, and procedures to strengthen governance and compliance.

Ensure IT practices align with governance frameworks, such as COBIT, ISO/IEC 27001, and NIST.

Identify, assess, and document IT risks across systems, applications, and processes.

Recommend and track mitigation strategies to reduce risk exposure.

Ensure adherence to applicable laws, regulations, and industry requirements, such as HIPAA and SOX.

Effectively collaborate and maintain clear communication with IT teams, SOX teams, internal auditors, compliance teams, and external auditors.

Prepare for and support internal and external audits, including evidence gathering and remediation tracking.

Develop and maintain compliance dashboards and reports to leadership.

Recommend enhancements to IT processes, controls, and compliance practices to improve efficiency and reduce risks.

What we look for: 

Bachelor’s degree or diploma in IT, Computer Science, Accounting, Finance, Business Administration, or related field preferred.

1-3 years of experience in IT Governance, Risk, Compliance, IT Audit, or related field.

Demonstrated ability to identify, assess, and mitigate IT risks.

Ability to analyze risk and compliance data using Excel, Power BI, or similar tools.

Strong understanding of GRC frameworks, such as NIST, ISO/IEC 27001, COBIT, etc.

Strong understanding of IT operating systems, networks, cloud environments, and access controls.

Excellent communication abilities for both technical and non-technical audiences.

Ability to multitask and manage multiple priorities.

Ability to work collaboratively with internal and external stakeholders.

What we offer:

A positive team-based work atmosphere that promotes collaboration and career advancement.

Competitive compensation package including base salary, an incentive award and pension supplement program.

An outstanding benefit program.

Tuition refund program.

Fitness club membership.

Application Procedure:

If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted. 

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support(s). If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.