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Administrator , Deposit Operations

3 months ago


Saskatoon, Saskatchewan, Canada EQ Bank | Equitable Bank Full time

Join a Challenger
Being a traditional bank just isn't our thing.

We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what's possible in banking.

Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you're not afraid of taking on big challenges and redefining the future, you belong with us. You'll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family.

Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years.

Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members.

Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives.

Our EQ Bank platform ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Work:


The Senor Administrator is responsible for a variety of functions within the Deposit Operations group that include Compliance review and assessment, problem resolution, customer, credit union and broker communication, data input and quality assurance within the Deposit Operations group that include Compliance review and assessment, problem resolution, customer, credit union and broker communication, data input and quality assurance.


Core Responsibilities Of The Role:

-
35%
Documentation Verification and Processing:Ensure all required documentation received from Concentra Trust, account officers, client, credit union or broker has been received in good order. Input details accurately into the banking system. Ensure verification/peer review is performed accurately and on a timely basis Applications/new deposits or subsequent contributions Search the banking system for existing CIF record or create a new CIF record. Redemption requests Maturity/renewal instructions Transfer requests Estate transfers, reregistrations and/or redemptions, tax slip requirements Pre-Authorized Deposits (PAD's) Broker commission reports and payments CANNEX electronic purchase and reconciliation files Foreign exchange transactions Interest rate changes Cash management services to full service commercial clients Regular scheduled reporting tasks CIF maintenance
-
25%
Customer Service:Providing quality Customer Service Ensure customer satisfaction; must be well versed in product knowledge and features as well as policies and procedures. Be an educational resource for clients and credit union on EQB's regulatory, policy and product requirements. Resolving any issues that may arise and escalating as needed.-
20%
Compliance: Responsible to review investment documentation to ensure compliance with our obligations under:The Proceeds of Crime (Money Laundering) and Terrorist Financing Act & Regulations Deposit Type Instruments Regulations (DTIR) Pension and Registered Plan (RESP, RDSP, RRSP, RRIF, TFSA and FHSA) Regulations Ensure deposit accounts are administered in accordance with legislation and internal policies and procedures while adhering to service standards for accuracy and timeliness.-
10%
Quality Assurance: Ensuring all keying is processed accurately and is free of errors or deficiencies. All regulatory requirements are met and documentation has been correctly scanned and recorded. Documentation that is not compliant must be followed up with broker, credit union agent or clients in a prompt and timely manner. Keep detailed records of noncompliant documentation and report if necessary. Transfers/reregistrations are also reviewed for accuracy and completeness.-
10% Reporting and Reconciliation:

  • On a daily or periodic basis as required, administrators must balance and reconcile proof suspense or cash in CUC, identifying outstanding items that need to be followed up with the reconciliation department.
  • Any unbalanced items must be thoroughly investigated by referring to documentation or instructions received
  • Communicate with the reconciliation department regarding any reconciling items.

Let's Talk About You:

  • Minimum 2 years' experience in financial industry
  • Postsecondary education
  • Office Administration experience
  • Strong interpersonal and communication skills written and oral
  • Superior attention to detail and strong organizational skills
  • Selfmotivated with the ability to work with little or no supervision
  • Ability to work independently as well as within in a group/team environment
  • Strong Customer Service orientation
  • Ability to easily build rapport and