Quality Control Specialist - Deposits

Royal Bank of Canada • Newark, DE

117d • $24 - $36

About The Position

The Quality Control Specialist - Deposits assists the PB Unit with deposit-related quality control. This role involves identifying risks and internal control weaknesses, ensuring compliance with company policies and procedures, as well as state and federal regulatory guidelines. The specialist will also assist in maintaining the Quality Control (QC) program.

Requirements

• Minimum of 1-3 years of experience in Compliance or Operations laws and regulations required.
• Minimum 3 years of experience in a banking or deposit compliance environment required.
• Minimum 5 years of experience with Microsoft Office required.

Nice To Haves

• Bachelor's Degree Preferred.
• Regulatory or Compliance Audit experience with a regulated financial institution is preferred.
• Thorough knowledge of related state and Federal banking regulations Reg. CC, Reg. E, UDAAP, Reg. O, Reg W, BSA, AML, KYC, CIP, SAR, EDD, CDD, etc.
• Excellent oral, written and interpersonal communication skills.
• Ability to analyze complex situations and understand new regulations.
• Ability to effectively train and guide others in a classroom or one-on-one environment.

Responsibilities

• Assist in the maintenance of Quality Control (QC) program.
• Ensure that policies and procedures are developed to address risks and regulatory requirements.
• Verify the existence and accuracy of legal documents and deposit/new accounts documents.
• Review the designated sample size of all deposit accounts for accuracy and compliance with department procedures and deposit operations policy.
• Review all deposit accounts and CIS records to ensure accuracy upon boarding.
• Maintain department database ensuring that all required sampling is performed within required guidelines.
• Monitor and prepare various operations reports (i.e. KYC Escalation, SARs, High Risk Wires, etc.) for management review and approval.
• Review the designated sample size of monetary transactions such as deposit account transfers.
• Promote and support employee awareness and knowledge of bank policies.
• Provide immediate feedback to colleagues, team leaders, and management of trends encountered during review and established monitoring processes.
• Work with management to ensure that the monitoring database remains current with regulatory, policy, and procedure changes.
• Develop and maintain a database of high-risk clients/accounts for PB and prepare reporting for senior management on trends as well as identify and escalate potential gaps to management.

Benefits

• Starting base salary: $24.46 - $36.69 per hour.
• Eligible for bonus and/or commissions.

What This Job Offers

• Industry: Credit Intermediation and Related Activities