Job DescriptionThis position will be responsible for managing two teams: Firm control that performs reconciliations over control accounts, boxes and market balancing plus Corporate Actions including all mandatory and voluntary events including related tax. The candidate must ensure that all processes are executed with strong governance, risk, and control discipline, including adherence to internal and external requirements. The position is also expected to drive continuous improvement initiatives and effective use of systems and tools while ensuring alignment with enterprise standards and industry standards.
Responsibilities- Drive continuous improvement initiatives within documentation processes
- Promote innovation by bring in new ideas and solutions to enhance efficiency and team engagement
- Collaborate across teams and affiliate stakeholders on front to bank opportunities to reduce client impact and risk
- Responsible for staff reviews and development plans
Qualifications- Post-secondary degree or diploma, or an equivalent combination of education and relevant industry experience
- Minimum 10 years of experience in the Brokerage industry supporting Capital markets with 5+ years of direct people management
- Broad experience across multiple trade support, operations, or related capital markets disciplines
- Proven people leadership experience, including leading teams and managing performance
- Strong commitment to talent development, including coaching, succession planning, and creating meaningful development opportunities for team members
- Experience in process improvement, project implementation, AI tools would be advantageous
- The candidate should have exposure to regulatory rules, industry clearing, depository functionality and general trade processing plus settlement flows
- Strong understanding of Risk and Control frameworks
Desired Qualifications- Demonstrated success leading projects and process improvement initiatives that strengthen controls, reduce risk, and improve operational efficiency
- Active participation in industry associations, working groups, or committees is considered an asset
What Bank of America Offers Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.
Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.
Shift:Hours Per Week: 37.5
Pay Transparency detailsCA - Toronto - 181 BAY ST (101803)
Pay and benefits information
Pay range
$108,000.00 - $154,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide competitive benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
