Compliance and Regulatory Specialist (Deposits, Bank)

Job title:

Compliance and Regulatory Specialist (Deposits, Bank)

Company

Teamrecruiter.com

Job description

One of our major Banking clients is looking for a Compliance and Regulatory Specialist (Deposits, Bank)Length: 12 months contract with the possibility of extension and conversion to full time employmentLocation: Toronto, ON (Hybrid – twice a week)Working Hours: 9 am – 5 pmROLE MANDATE:The primary purpose of this job is to provide regulatory and compliance analysis and support to the Business Unit Compliance Officers for Lending & 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 (including but are not limited to):· Assess the impact of Federal and/or State rules and regulations governing lending & 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 AssessmentsAssist 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 & 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 & Testing execution to Business Unit Compliance Officers· Assisting in reviewing Quality assurance programs completed taskQUALIFICATIONS:· Ability to read & 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· Risk Management experience desired· Understanding of project management & 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, & Word. PowerPoint skills are a plus.· Advanced degree desirableSKILLS:· Candidate MUST come from a regulatory background and be able to read, analyze and provide insight on various Federal regulations· Candidate must have experience in lending/deposit operations within a banking organization. This will help the candidate understand how regulations affect the banks operations. Candidates must have experience with Deposits Regulatory experience, Example: Reg E, Reg CC, Reg DD, NACHA, or Remote Deposit. (Preferred)· Strong Excel skillsINTERVIEW PROCESS:· 2 rounds, VirtualURGENT: Please read the job description above. If this interests you, apply to the job with your most updated resume, including your contact number and email address.The recruiter in charge of this role is San.If you do not think you are a match for this opportunity, but know someone who is, feel free to forward this job description to them and you will be eligible for a referral bonus upon a successful hire.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!Please note: Adherence to our end client’s vaccination policy is a requirement.…p>Please visit the TEAMRECRUITER website to review other CAREER OPPORTUNITIES!Teamrecruiter.com IncTeamrecruiter.com is a provider of staffing and recruitment services to Fortune 500 and emerging growth companies across North America. Our consultants and account representatives work internally or externally with our clients assisting them…

Expected salary

Location

Toronto, ON

Job date

Thu, 05 Sep 2024 22:26:58 GMT

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