RFA Bank of Canada
Richard Garrie has a diverse work experience in the financial industry. Richard currently holds the position of Vice President, Chief Internal Auditor at RFA Bank of Canada, where they have been working since August 2022. Prior to this, they served as the Chief Compliance Officer at the same company from July 2020 to September 2022.
Before joining RFA Bank of Canada, Richard worked at Protiviti as an Associate Director from September 2016 to April 2019. Richard also held various roles at TD Bank, including Senior Manager Wealth Investment Compliance from October 2014 to August 2016 and Senior Audit Manager with a focus on risk and controls from July 2010 to August 2016.
Richard gained experience in consulting and risk management at Jefferson Wells, where they worked as an Engagement Manager from July 2006 to July 2010. Richard also served as Treasurer at Minor Oaks Hockey Association from 2008 to 2010.
Earlier in their career, Richard worked as part of the audit teams at Bank of Montreal and TD Canada Trust. Richard also had a brief role as Manager of Reconciliation Control and Regulatory Reporting at Merrill Lynch.
Overall, Richard Garrie has extensive experience in audit, compliance, risk management, and project management within the financial industry.
Richard Garrie has a BA in Accounting from the University of Windsor, obtained between 1988 and 1992. Richard later became a Chartered Accountant through the Institute of Chartered Accountants of Ontario in 1996. In 1999, they completed the Canadian Securities Course at the Canadian Securities Institute. In 2000, they took the In-Depth Brokers and Investment Dealers Course at the Canadian Institute of Chartered Accountants. Furthermore, they attended the Risk Management Certificate Program at the Schulich School of Business - York University from 2004 to 2005, specializing in market, credit, operational, and enterprise risk management. In 2006, they acquired Accreditation in Internal Audit Quality Assessment Validation from the Institute of Internal Auditors. Lastly, in 2013, they received the CAMS Certification in Anti-Money Laundering from the Association of Certified Anti-Money Laundering Specialists.
RFA Bank of Canada
Founded in 1996, RFA (Realty Financial Advisors) is a Canadian-owned real estate investment firm grounded in the Commercial and Asset Management segments. RFA and its investment partners are active participants in a wide array of real estate focused portfolios, including debt financing transactions, REITs, retirement homes, and direct investments in office, retail, industrial and multifamily residential properties. Combined, the RFA group of companies have over $65 Billion in assets under management and an additional $25+ Billion in assets under administration. In 2018, RFA expanded into the residential lending market with the goal of becoming a top broker channel lender. In 2019, RFA accelerated its growth plans through the acquisition of Street Capital Bank and now holds a presence in both the Prime and Alternative lending segments. RFA’s residential mortgage lending business is operated by RFA Mortgage Corporation and RFA Bank of Canada, a federally regulated Schedule I Bank. RFA Mortgage Corporation specializes in Prime lending (Insured, Insurable, Uninsurable), while RFA Bank of Canada is a balance sheet based Alternative mortgage lender (Alt-A and B lending). Combined, RFA offers mortgage brokers a one-stop shop with our full suite of competitive Prime and Alternative mortgages. RFA’s strategic vision is to be a long-term leader in the residential lending segment by offering a value proposition beyond just rate and compensation. Through building a competitive broker experience and solutions-oriented product suite, RFA’s goal is to be recognized and recommended by our mortgage broker partners, mortgagors, and other strategic partners, for our financing solutions and broker/client experience.