Our banking client is looking for a Deposits Regulatory Operations Specialist (Bank, Reg E, Reg CC, Reg DD)
Length: 12 months contract with the possibility of extension and conversion to full time employment
Location: Toronto, ON (Hybrid) - twice a week, Mondays and Tuesdays
Working Hours: 9 am to 5 pm
"The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !"
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The recruiter in charge of this role is San
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Requirements:
ROLE MANDATE:
The primary purpose of this job is to provide regulatory and compliance analysis and support to the Business Unit Compliance Officers for Lending and Deposit Operations. The person in this position will work with the Product Operations Business Unit Compliance Team to assist in enhancing the Operating areas' compliance programs while keeping the businesses abreast of all legislative and regulatory updates and changes. This position will entail identifying, analyzing and assessing various rules and regulations for applicability to the Operating area, assisting with conducting Risk Assessments of regulations, conducting monitoring and testing activities to validate controls, managing compliance issues, and other compliance and administrative activities as assigned.
ROLE RESPONSIBILITIES INCLUDE (but are not limited to):
Assess the impact of Federal and/or State rules and regulations governing lending and deposits to each Operating Area
Review processes and procedures of the Operating Areas, to assess the sufficiency of controls for current regulatory requirements
Assist in completion of Regulatory Compliance Risk Assessments
Assist with drafting of processes internal to the Business Unit Compliance Team
Identify opportunities to implement compliance related processes and controls
Assist in developing controls monitoring and testing plans, and assist in execution of monitoring and testing plans
Assist in developing a regulatory control inventory
Prepare and provide summary reporting on progress of regulatory review assessment, Risk Assessment execution, and Monitoring and Testing execution to Business Unit Compliance Officers
Assisting in reviewing Quality assurance programs completed task
Qualifications:
MUST HAVE SKILLS:
Ability to read and understand technical compliance material
2+ years experience in Deposit Compliance
2+ years Banking Compliance experience
Ability to work with deadlines and prioritize tasks
Ability to work independently, with little direction
Strong oral and written communication
Strong analytical skills
Understanding of project management and some project management skills; including the ability to coordinate the efforts of people and resources not under their direct control
Strong computer skills; Must be strong in Microsoft Outlook, Excel (strong), and Word
MUST have a regulatory background and be able to read, analyze, and provide insight on various Federal regulations
Must have experience in lending and deposit operations within a banking organization
Must have understanding on how regulations affect the banks' operations
Must have experience with Deposits Regulatory. Example: Reg E, Reg CC, Reg DD, NACHA, or Remote Deposit
NICE TO HAVE SKILLS:
Risk Management experience desired
PowerPoint skills are a plus
Advanced degree desirable
INTERVIEW PROCESS:
2 rounds (Virtual)
Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!
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