Deposit Operations Specialist

INTELLISWIFT INC; Toronto; Hybrid; CAD 100,000 - 125,000; Full time

Job summary

A leading company in Toronto seeks a Deposit Operations Specialist for a 12-month contract. The role involves providing compliance analysis, assisting lending and deposit operations, and ensuring adherence to regulatory standards. Ideal candidates will have a strong background in banking compliance, analytical abilities, and communication skills.

Qualifications

• 2+ years experience in Deposit Compliance and Banking Compliance required.
• Ability to analyze Federal regulations is crucial.
• Strong oral and written communication skills are necessary.

Responsibilities

• Assessing regulatory compliance of lending and deposits across operational areas.
• Conducting Risk Assessments and ensuring regulatory adherence.
• Preparing summary reports on compliance activities and regulatory reviews.

Skills

Regulatory Compliance

Analytical Skills

Strong Communication

Risk Management

Project Management

Education

Advanced Degree

Tools

Microsoft Excel

Microsoft Outlook

Microsoft Word

Microsoft PowerPoint

Job description

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
• Risk Management experience desired
• 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.
• Advanced degree desirable

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)
• Strong Excel skills.