Transaction Management Ops Consultant – Cash Management Services

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us

Job Description

Working 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 responsbile 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 authorisation 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

• 3-5 years of relevant experience

• Bachelor degree or substantially equivalent experience

• Brokerage and industry experience beneficial but not necessary

• Canadian Securities Course beneficial but not necessary

• Excel and process automation, Tax and product  skills an asset

• 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

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.