Regulatory Compliance Specialist

8 hours ago


Toronto, Canada Tata Consultancy Services Full time

About the Role

We are seeking a highly skilled Regulatory Compliance Specialist to join our team at Tata Consultancy Services. This is an exciting opportunity for someone to make a real impact in ensuring our client's regulatory compliance.

Job Description

As a Regulatory Compliance Specialist, you will be responsible for enhancing and developing the regulatory process for 1071 compliance with close co-ordination with client stakeholders. You will identify opportunities and develop new ideas that will lead to improvements.

You will understand the regulatory requirements applicable for 1071 and map it against the data elements of the bank. Effective and efficient management of the tasks associated with the regulatory workstream is also crucial.

Liaison with IT to incorporate regulatory data requirements in the Client Data architecture is also part of this role. A robust validation / quality assurance process through available golden sources within the bank must be developed.

The production of submission materials for the regulatory compliance for a large bank and performing gap analysis between the regulatory expectations and the existing practice of the bank are essential responsibilities.

Proactive identification of solutions for the evolving regulatory expectations and monitoring & managing the regulatory project for the respective workstream with timely escalation to the key stakeholders is necessary.

Computing & publishing regulatory schedules and performing robust validation against the golden source is also required. Partnering in regulatory remediation projects and contributing to the process improvement initiatives and providing ideas for streamlining the process are additional responsibilities.

Requirements

To succeed in this role, you will need:

  • A strong experience in regulatory reporting (preferably regulations such as Communities Re-investment Act (CRA), HMDA, 1071, etc.) working with large banking organisation.
  • Expert knowledge of the Credit Risk framework (for Corporates and SME) and hands-on experience in regulatory reporting for Banks (preferably U.S.).
  • Good knowledge of Commercial Loan products.
  • Excellent MS office and communication skills (Written & Oral) are mandatory.

Education Qualification

A Master's in business, Statistics, Economics, Mathematics, Engineering, CFA, CA, Operations Research or other quantitative field is required.

What We Offer

Tata Consultancy Services Canada Inc. is committed to meeting the accessibility needs of all individuals in accordance with the Accessibility for Ontarians with Disabilities Act (AODA) and the Ontario Human Rights Code (OHRC). We offer a competitive salary range of $80,000 - $110,000 per annum, depending on experience, plus benefits and opportunities for professional growth and development.

Contact Us



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