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

The Reconciliation team completes daily reconciliation of Global Bulk Payment and Wholesale Banknote Nostro accounts including funding of a sub set of accounts along with Visa integrated virtual account reconciliation. Conduct outreach to nostro accounts held globally for investigations related to debits/credits on the account for additional information, as required. Prepare GL entries, as required. Support Wholesale Banknote daily funding analysis reports. Position supports any ad hoc requests related to the accounts and monitoring of aging per GRG policies and procedures.

Reconcile Canada Branch Nostro accounts, aging transactions, certificaiton of account balances, preparing swift messages and other PNL, funding reports, and preparing daily/monthly reports including ahoc requests. This job is responsible for analyzing the day-to-day issues, researching, and providing resolution for various issues identified within a business unit. Key responsibilities include building new procedures, completing complex non-routine analytics, creating reports, and reviewing exception testing and processing. Job expectations include supporting continuous improvement of processes by identifying trends and understanding the operations environment.

Qualifications

Prepare the daily P&L and Due From Limit reports                    

Prepare and investigate the daily GFX variances and balancing reports                                                                                                                   

Handle the daily bank account reconciliation                             

Ensure assigned online support cases are completed                

Investigate and resolve outstanding items in a timely manner, adhering to policies and procedures                                                   

Certify accounts on Frontier monthly                                               

Prepare monthly Revenue Payback and FATCA remittance

Ensure quality service and effective and efficient operations support for internal business partners and external customers

Prioritize daily tasks to ensure deadlines and deliverables are met                                                                                                                               

Identify and implement process improvements

Provide support to other departments and traders on reconciliation-related inquiries                                                         

Supports the manager in  documentation, implementation and mentoring of new process                                                                

Representing department manager on meetings & projects during absences                                                                                                        

Act as a back up during team member's absence                       

Perform audit walkthroughs and  gathering of data and/or documents to support audit requests (internal/external)     

Perform other duties as assigned                           

Qualifications

Experience in bank account reconciliation                        

Experience with AS400/Global Bulk system an asset         

Accounting background required                                                            

Solid computer skills including Excel and strong analytical skills

Ability to work independently with minimal supervision; team player                                                                                                                        

Ability to meet established deadlines in a fast paced environment                                                                                                                    

Commitment to teamwork                                                                             

Demonstrated working knowledge of processes and procedures 

Excellent organizational skills                                                                  

Strong attention to detail and accuracy                                        

Availability to work shifts and statutory holidays if required     

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.