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Operations Analyst

Toronto, , Canada

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market. 

Description

The Canada Regulatory Operations team is responsible for ensuring all reportable Electronic Funds Transfers (EFTs) and Large Cash Transaction Reports (LCTRs) are reported in accordance with the rules set out by Financial Transactions and Reports Analysis Centre (FINTRAC), Canada's financial intelligence body. The successful candidate will join a team of individuals charged with the responsibility of executing daily functions to ensure regulatory reporting activities are completed timely and accurately. Thus, continuing to maintain the high standards expected and ongoing compliance of regulatory reporting requirements.

Responsibilities

  • Perform regulatory control functions within Canada Operations, inclusive of Electronic Funds Transfers (EFTs) and Large Cash Transactions (LCTRs) reporting to FINTRAC (regulators)

  • Perform OFAC/OSFI sanctions screening determined by Global Economic Sanctions

  • Work closely with Canada Anti Money Laundering (AML) Compliance

  • Perform user and performance acceptance testing as required

  • Other regulatory-related duties/functions as assigned to department

Qualifications

  • Three to five years of experience in regulatory reporting for financial institutions

  • Working knowledge of AS400/GBS applications, desired but not essential

  • Understanding of payment processing, SWIFT messages, and Canadian clearing systems/rules

  • Risk management exposure

  • Excellent communication, analytical and problem solving skills

  • Proficiency with Excel, Word, and MS Office programs

  • Ability to meet established deadlines within a fast-paced working environment

  • Willingness to learn and take on new tasks

  • Post-Secondary education preferred

  • Availability to work overtime and statutory holidays

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

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.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Job Band:

H6

Shift: 

Hours Per Week:

37.5

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world.  In Canada, Bank of America has a strong market position on which to continue to build, as well as a clear commitment to the market. 

Description

The Canada Regulatory Operations team is responsible for ensuring all reportable Electronic Funds Transfers (EFTs) and Large Cash Transaction Reports (LCTRs) are reported in accordance with the rules set out by Financial Transactions and Reports Analysis Centre (FINTRAC), Canada's financial intelligence body. The successful candidate will join a team of individuals charged with the responsibility of executing daily functions to ensure regulatory reporting activities are completed timely and accurately. Thus, continuing to maintain the high standards expected and ongoing compliance of regulatory reporting requirements.

Responsibilities

  • Perform regulatory control functions within Canada Operations, inclusive of Electronic Funds Transfers (EFTs) and Large Cash Transactions (LCTRs) reporting to FINTRAC (regulators)

  • Perform OFAC/OSFI sanctions screening determined by Global Economic Sanctions

  • Work closely with Canada Anti Money Laundering (AML) Compliance

  • Perform user and performance acceptance testing as required

  • Other regulatory-related duties/functions as assigned to department

Qualifications

  • Three to five years of experience in regulatory reporting for financial institutions

  • Working knowledge of AS400/GBS applications, desired but not essential

  • Understanding of payment processing, SWIFT messages, and Canadian clearing systems/rules

  • Risk management exposure

  • Excellent communication, analytical and problem solving skills

  • Proficiency with Excel, Word, and MS Office programs

  • Ability to meet established deadlines within a fast-paced working environment

  • Willingness to learn and take on new tasks

  • Post-Secondary education preferred

  • Availability to work overtime and statutory holidays

Additional Qualifications

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

  • Excels in working among diverse viewpoints to determine the best path forward

  • Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

  • Commitment to challenging the status quo and promoting positive change.

  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

  • Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

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.

Bank of America is an Equal Opportunity Employer.

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

Learn more about this role

Full time

JR-21027006

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Larisa McLaughlin

Referral Bonus:

0

Street Address

Primary Location:
181 BAY ST, Toronto, M5J 2V8