Operations Specialist - Deposits

BMO is currently sourcing for a Banker - Operations Specialist - Junior to support the Business Unit Compliance Officers for Lending & Deposit Operations. This is a hybrid contract role in Toronto (2 days in office per week).

Role Overview :

The Operations Specialist will provide regulatory and compliance analysis and support to the compliance team, focusing on enhancing compliance programs and staying updated on legislative changes affecting lending and deposits. This role involves assessing regulations, conducting risk assessments, and managing compliance issues to ensure operational integrity and adherence to regulatory requirements.

Key Responsibilities :

• Assess the impact of federal and state regulations governing lending and deposits on operational areas.
• Review processes and procedures to evaluate the sufficiency of controls in compliance with regulatory requirements.
• Assist in completing Regulatory Compliance Risk Assessments and drafting internal compliance processes.
• Identify opportunities to implement new compliance-related processes and controls.
• Develop and execute monitoring and testing plans for regulatory controls.
• Prepare summary reports on regulatory assessments and compliance activities for Business Unit Compliance Officers.
• Assist in reviewing completed tasks of Quality Assurance programs.

Must-Have Skills :

Ideal Candidate :