Remittance Specialist

2 weeks ago


Toronto, Canada MUFG Full time

Money Transfers & Deposits - Specialist

**Job Summary**:
**Primary Accountabilities**:
**Operations and Control**:

- Monitor daily wireroom activities, flag SWIFT messages requiring action and notify the department manager.
- Create funding memo for domestic and foreign currency remittances for Treasury department.
- Perform End of Day transaction proof, checks and reconciliation of transactions processed in the unit.
- Prepare daily and monthly statistical reports for the department.
- Process Incoming and Outgoing Clearing cheques/ AFT items in accordance with Payment Canada rules and Bank's policies and procedures.
- Open, close and maintain Customers' Deposit accounts.

**Client Experience**:

- Notify Front Office and customers about the receipt of incoming remittances
- Perform Customer call back to confirm details of Remittance Applications and other instructions related to the deposit accounts.
- Communicate with internal departments and with customers for issues.
- Regulatory Compliance:

- Perform Compliance and Risk assessment to ensure strict adherence to Bank’s AML and Risk guidelines.
- Prepare MT199 message for transactions received from other Banks with incorrect details or AML Data Quality issues as per Bank's guidelines.
- Review and repair messages processed in Navaera - Bank’s FINTRAC reporting system.
- Escalate to Manager when transaction with sanction risk or AML risk is identified.
- Prepares daily compliance related reports.

**Project Related**:

- Perform UAT on new systems or enhancements implemented by the unit.

**Other position elements**:

- Perform other related duties as required and assigned.

**Technical Skills**:

- Good knowledge of Banking regulations governing Deposit and remittance operations.
- Good knowledge of SWIFT and major global payments systems.
- Excellent knowledge of Microsoft’s Access,Excel, Word, and Outlook.
- An ability to work well with others and understand customers’ needs.

**Experience Required**:

- Strong Leadership and analytical skills
- A strong communications skill, pleasant telephone manners and is able to speak to all levels within the organization and to a diverse group of stakeholders.

**Education & Training**:

- Bachelor’s degree or diploma in Business with strong accounting skills.

**Work Environment**:

- WFH with occasional requirement to work from office when needed.


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