Operations Specialist - 74105

Operations Specialist - 74105

Duration: 12 months from start (Possibility of Extension)

Location: Downtown Toronto - Hybrid twice a week Mondays & Tuesdays

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.

At the direction and with the assistance of the Business Unit Compliance Officers:

• 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 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 & 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 task

Qualifications

• 2+ years experience in Deposit Compliance

• 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.

• 2+ years Banking Compliance experience

• Ability to read & understand technical compliance material

• 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

• Advanced degree desirable