Deposits Regulatory Operations Specialist (Bank, Reg E, Reg CC, Reg DD)

Job title:

Deposits Regulatory Operations Specialist (Bank, Reg E, Reg CC, Reg DD)

Company

Teamrecruiter.com

Job description

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 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 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

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)

URGENT: Please read the job description below. If this interests you, please send a MS-Word version copy of your updated resume (ASAP) along with your salary expectations, first available date and a telephone contact number: E-mail to [email protected]Please mention the job title above in the subject line
The recruiter in charge of this role is SanIf you do not think you are a match for this opportunity, but know someone who is, feel free to forward this email 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. 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

Sun, 02 Mar 2025 08:33:55 GMT

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