Position Title: Operations Specialist
Duration: 12 months
Location: Toronto, ON
Working Hours & Schedule: 9 am-5 pm (Hybrid twice a week, Monday & Tuesday)

Job description:

• 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, monitoring and testing activities to validate controls, managing compliance issues, and other compliance and administrative activities as assigned.

Roles and Responsibilities:

• 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 operating area processes and procedures to assess controls' sufficiency for current regulatory requirements.
• Assist in the 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 the 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 and completing tasks.

Must-Have Skills:

• 2+ years of experience in Deposit Compliance.
• 2+ years Banking Compliance experience.
• 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 bank's operations. Candidates must have experience with Deposits Regulatory experience, for Example: Reg E, Reg CC, Reg DD, NACHA, or Remote Deposit. (Preferred)
• Strong Excel skills.

Nice to have:

• Risk Management experience is 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 are a plus.
• An advanced degree is desirable.

Qualifications:

• Ability to read & understand technical compliance material.
• Ability to work with deadlines and prioritize tasks.
• Ability to work independently, with little direction.
• Strong oral and written communication.
• Strong analytical skills.

 

 


At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $25.66/hr.