Wealth Operations Officer Iii -Reconciliations Team [Td Bank]

Hours37.5Workplace ModelHybridPay Details

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Department Overview

The Reconciliations Team is a critical control function within TD Wealth Operations responsible for accounts that cover TD Wealth in Canada and the US. The Team is accountable for the overall governance of accounts to mitigate financial exposure and risk and ensure superior client experiences. This involves oversight of accounts from multiple systems and across a range of Wealth products to ensure that breaks are being actively acquired, owned, investigated, and resolved in a timely manner. In addition, the team works to investigate, improve, and optimize existing reconciliation processes and pain points within the entire Reconciliations control space.

Reconciliation Function Covers

Data ingestion into recon process, including cleansing and transformation to create standardized reconcilable values

Reconciliation – data comparison

Research – Identifying exception owners and reasons

The breaks identified are made available to the owners responsible for Remediation

Follow up and escalation of unresolved reconciliation discrepancies and aged outstanding items

to ensure timely resolution and minimize potential risks

Job Details

As a Reconciliation Officer in Wealth Operations, your primary responsibility is to ensure accurate and timely reconciliation of financial transactions and records related to wealth management operations. You will play a crucial role in identifying and resolving discrepancies, verifying data integrity, and supporting the overall operational efficiency of wealth management operations.

Key Responsibilities

• Reconciliation: Perform daily, weekly, and monthly reconciliations of financial transactions, including cash, securities, and other investment products, between various internal systems and external counterparties.
• Process Improvement: Proactively identify areas for process improvement and automation to enhance operational efficiency, reduce risks, and streamline reconciliation procedures.
• Risk Management: Identify and assess potential risks associated with reconciliation activities, implement appropriate controls, and contribute to risk mitigation strategies.
• Documentation and Compliance: Maintain comprehensive documentation of reconciliation processes, procedures, and controls, ensuring compliance with regulatory guidelines and internal policies.
• Discrepancy Resolution: Investigate and resolve discrepancies or variances identified during the reconciliation process, collaborating with internal teams, custodians, and other stakeholders as necessary.
• Professional Development: Stay updated with industry trends, best practices, and regulatory changes related to wealth management operations and reconciliation processes.
• Data Verification: Validate and analyze transactional data to ensure accuracy, consistency, and adherence to regulatory and compliance requirements.
• Collaboration: Work closely with various teams, to facilitate seamless workflow and enhance overall operational effectiveness.
• Reporting: Prepare and generate accurate reconciliation reports and management information, highlighting key findings, trends, and potential risks.
• Exception Handling: Identify and escalate any exceptions, errors, or operational issues to the appropriate teams or management for further investigation and resolution.
• Communication: Provide process partners with clear, concise and timely communications, to ensure that all issues are well understood and appropriately actioned to foster speedy resolution of outstanding breaks

Job Requirements– Bachelor's degree in finance, accounting, or a related field.

– Prior experience in wealth management operations, investment banking, or financial services, with a focus on reconciliation activities.

– Strong understanding of financial instruments, investment products, and market conventions.

– Proficiency in using reconciliation tools, financial systems, and software applications including Excel.

– Strong analytical skills applied towards sorting through large amounts of data to identify and resolve account outages, perform complex investigations and root cause analysis

– Excellent analytical skills with a keen eye for detail and a systematic approach to problem-solving.

– Ability to work under pressure and meet deadlines without compromising accuracy or quality.

– Effective communication skills to collaborate with cross-functional teams and convey complex information clearly.

– Solid understanding of risk management principles and the ability to identify and mitigate operational risks.

– Strong organizational skills to manage multiple tasks simultaneously and prioritize effectively.Additional Information#LICompany OverviewOur Values

At TD we're guided by our purpose is to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Making Your Well-being a Priority

A caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional. In addition, we champion a safe, inclusive and supportive work environment to help colleagues feel a sense of belonging, and supported in their personal and professional growth. Through our focus on total well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes … because when colleagues feel their best, they're more likely to do their best.

Our Total Rewards Package

Our Total Rewards package reflects the investment we make in our colleagues to help them, and their families achieve their well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits including medical, dental, vision & mental health coverage, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

How We Work

At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they'll always have access to the TD community and experience our culture of care.

Who We Are

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues. TD is a customer obsessed organization, and we are deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

InclusivenessOur Commitment to Diversity, Equity, and Inclusion

At TD, we're committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We're dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

How We're Helping Make An Impact In Communities

TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That's why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It's our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.

Accommodation

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We look forward to hearing from you!