Jr. Operations Specialist to provide regulatory and compliance analysis for Lending & Deposit Operations for a large banking client - 71122

Jr. Operations Specialist to provide regulatory and compliance analysis for Lending & Deposit Operations for a large banking client - 71122

Duration: 12 months (possibility of extension)

Location : Hybrid - Downtown Toronto (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.

Must Have Skills:

• 2+ years of Deposit Compliance/Regulatory experience, Example: Reg E, Reg CC, Reg DD, NACHA, or Remote Deposit.

• 2+ years Banking Compliance experience

• 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 Microsoft Outlook, Excel, & Word. PowerPoint skills

• Ability to read & understand technical compliance material

• Banking/Fi experience

Nice To Have Skills:

• Risk Management experience desired

• Advanced degree

Job Responsibilities:

• 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