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.

Job 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 day to day operational functions that ensures the timely & accurate reporting of Electronic Funds Transfers (EFTs) and Large Cash Transactions (LCTRs) reporting to FINTRAC within the required reporting timelines.

• Execute/support Editing/Approving functions daily.

• Execute/support Quality Assurance (QA) reviews & examinations that are performed daily/weekly/annually.

• Execute/support weekly data quality reviews in support of Travel Rule regulations.

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

• Partner 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.

• Exposure to Risk management disciplines.

• Excellent communication, analytical and problem solving skills

• Ability to liaise with all levels of the firm and people with different experiences and backgrounds

• Ability to work under pressure in a team environment to meet established deadlines.

• Self-motivated and able to work unsupervised on tasks assigned. Candidate will know when to escalate.

• Willingness to embrace new learning opportunities and take on new tasks/responsibilities.

• Proficiency with Excel, Word, and MS Office programs

• 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