Banking Functional Specialist Officer
Our client, a leading Canadian banking institution, is looking for a Functional Specialist Officer with experience in reconciliations, accounting/bookeeping, reporting, back office processing flows, and IT knowledge along with Macros experience. Previous banking experience is a must.
Contract term: 18/12/2017 to 17/12/2018 (1 year)
Pay rate: $20.00/hr
Full-time: 37.5 hours
Schedule: Monday - Friday, 8:30am to 5:00pm
Department Overview:
The Operations Control team is a control function that ensures all key accounts are being balanced accurately and on a timely basis, accounts are certified and monitored in line with procedures and regulatory requirements, audits are supported fully and functions performed on behalf of TDAM are discharged in accordance with procedures and SLA agreements. There is significant reliance by the processing groups on the reconciliation department to identify processing errors. The Reconciliations Department is responsible for reconciliations of over 3,000 accounts. Errors not resolved on a timely basis, increases the risk of financial exposures and negative client experiences. On a monthly basis, the department is required to put up Capital for all unresolved exposures. Due to the critical nature of the function performed, key Sarbanes Oxley (SOX) Reconciliation controls are audited annually for the Banks Financial Statements. In addition, the function needs to comply with various regulatory requirements including IIROC and OSC and is subject to their annual audits.
Job Description:
The Functional Specialist supports Operations Control by providing oversee all aspects of reconciliations, exception identification and distribution, and reporting. The successful candidate will be responsible for leading a specialized team of officers responsible for reconciling over 3,000 accounts and distributing exceptions to the applicable Wealth Operations processing teams for resolution.
The successful candidate is expected to be familiar with the Wealth business and products or have worked for a number of years supporting all Wealth business lines.
Responsibilities:
• IT Knowledge – broad range with a high level of familiarity of technologies and IT practices, including advanced knowledge of various systems, including Java/Workflow, Microsoft, Mainframe, Distributed systems, Networking, and large scale infrastructure software.
• Support internal and external Audits (e.g. IIROC, SOX) by providing details regarding team functions and activities and submitting required supporting documentation.
• Identify opportunities to improve internal processes and standardize processes where appropriate to better the employee experience and ultimately the client experience. Facilitate change through positive reinforcement of milestones and successes. Escalate issues to the business and senior management where necessary to ensure a high level of service is maintained.
• Lead representative for Operations Control on all projects (requirements, testing-participate in and preliminary sign off on): provide status timely and regular updates
• Support change management activities around projects or initiatives undertaken-ensure clear communication of new processes.
• Responsible for ongoing updates to internal process documentation and ensuring that procedures are current and complete.
• Provide expert knowledge and understanding of all end to end on boarding business processes and procedures, including macros/End User Computing.
Qualifications/Skills/Experience:
• Must have advanced knowledge of Wealth businesses and operational functions including strong familiarity with multiple applications and books of record used.
• 3 to 5 years accounting or other related industry experience.
• Strong analytical skills to identify and resolve issues' relating to accounts that are out of balance. Perform complex investigations and root cause analysis efficiently and effectively.
• Ability to work in a high pressure environment and ability to prioritize and manage the workflow of the team.
• Strong verbal, written communication and presentation skills. Fluency in delivering complex information with clarity and precision to internal partners.
• Ability to work with other operational and technology areas to implement process improvements and address the root causes of reconciliation differences.
• Advanced working knowledge of Microsoft office suite, particularly MS Excel, MS Access and PowerPoint.
HOW TO APPLY:
Please send resume to resume@gc-employment.com with the subject line "Banking Functional Specialist Officer - Toronto"
