Job DescriptionWorking as a team leader, this position is responsible for ensuring the day to day operations of the team run smoothly which results in the timely and accurate settlement of financial products for Merrill Lynch Canada Inc. The team lead will report to the department manager and be responsible for ensuring controls, regulations and procedures are followed and working effectivity. This position will be responsible for supporting BANA & MLC Treasury specifically Cash settlement, funding, and FX. Close interaction with Trading, Sales, and other Operational support groups will be required.
Responsibilities- Providing transaction support for Treasury to reduce risk and timing delays on Cash payments & FX.
- Providing settlement support of BA's, Time Deposits and Collateral trades. Timely Bank breaks & investigations.
- Performing functions such as: Bank reconciliations, Setup and authorization of banks for various business lines, Trade check out, adjustments and settlement resolution.
- Analyzing trade processing opportunities for improved STP.
- Proactively managing breaks, trading and departmental inquiries, as well as improving overall relationships.
- Perform processing of Events, reconciliations, notifications and cash flows.
Qualifications- Post secondary education degree or equivalent working experience
- 5+ years of Brokerage or Financial industry experience
- Proven organizational and time management skills
- Ability to work in a fast paced, deadline-oriented environment
- Strong interpersonal skills to manage your relationships within custodian, and internal & external clients
- Excellent communication skills, verbal and written
- Demonstrated success working in a team environment
- Ability to work collaboratively on projects and well as independently
- Ability to work flexible hours, end of day is approximately 5:30pm
- Canadian Securities Course beneficial but not necessary.
- Excel and process automation skills 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
$74,800.00 - $115,500.00 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.
