Deposit Operations Specialist

Intelliswift - An LTTS Company; Toronto; Hybrid; CAD 1,000; Full time

Job summary

A leading company in the banking sector is seeking a Deposit Operations Specialist in Toronto for a 12-month contract. The role focuses on regulatory and compliance support, requiring strong analytical skills and a background in banking compliance. Candidates should have proficiency in Microsoft applications and an understanding of federal regulations impacting deposit operations.

Qualifications

• 2+ years experience in Deposit Compliance and Banking Compliance.
• Ability to work independently with little direction.
• Understanding of project management and regulatory environment.

Responsibilities

• Provide regulatory compliance analysis to Business Unit Compliance Officers.
• Conduct Risk Assessments of regulations and monitor compliance controls.
• Prepare summary reports on regulatory reviews and compliance activities.

Skills

Analytical skills

Communication

Time management

Tools

Microsoft Outlook

Microsoft Excel

Microsoft Word

PowerPoint

Job description

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Intelliswift - An LTTS Company provided pay range

This range is provided by Intelliswift - An LTTS Company. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

CA$26.55/hr - CA$26.55/hr

Job Title: Deposit Operations Specialist

Location: Toronto, ON (Hybrid twice a week Mondays & Tuesdays)

Duration: 12 months

Contract Type: T4 only

Pay Rate: CA$26.55/Hour

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 & 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.

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

Qualifications

• 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
• Understanding of project management & some project management skills; including the abilty 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.

Required Skills

• 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)

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Contract

Job function

• Job function

  General Business

• Industries

  Banking and Financial Services

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