Jr. Banking Operations Administrator

Full-time, Permanent


5 days ago in Accounting and Finance

Job Description:

Our client, a financial services company requires a Banking Operations Administrator to join their team. This role will assist in day-to-day responsibilities in operations team. This will include reconciliation of cash on a daily basis thereby ensuring that the custodian’s records are correct and all cash payments are allocated to the appropriate client.


  • Reconciliation of cash between custodian and internal database:
  • Daily matching of cash balances between custodian accounts and internal database
  • Instruct custodian to move cash to/from bank account daily
  • Provide comprehensive explanations for all outages
  • Allocation of dividends, interest, any other income and process the Corporate Actions
  • Solving outages through collaboration with other operations employees, trading department, and custodian operations employee
  • Submit cash reconciliation reports to custodian auditors monthly
  • Communication with other departments:
  • Communicate any trading problems
  • Respond to client questions presented by Client Relationship Manager
  • US$ Source Income Reconciliation:
  • Allocate US dividends
  • Reconcile US source income to custodian
  • Year end and monthly reconciliation
  • Work with Custodian IT to modify income templates
  • Entering FX account transactions and allocating dividends and income, as requested
  • Cash Holdings Reconciliation:
  • Reconcile holdings between custodian and internal database monthly
  • Daily reconciliations, identify outages and correct as necessary
  • Update pricing
  • Account Opening Procedure:
  • Open/close client accounts in OLY/custodians
  • Proof monthly statements
  • Prepare and audit tax packages
  • Proofing data
  • Prepare and audit T3 and T5
  • Error account maintenance and tracking:
  • Entry of all authorized error account transactions
  • Collection of error account authorization forms
  • Monthly reconciliation of error account balances
  • FX profit & loss tracking:
  • Calculating FX profits and losses upon clears by cash management
  • Reporting total monthly profits for clearing purposes


  • Undergraduate degree
  • Post-secondary education in accounting
  • 1 year experience in finance industry
  • CSC preferred
  • Strong problem solving skills
  • Strong Excel skills and a good understanding of IT solutions
  • Attention to detail
  • Persistence
  • Ability to communicate problems and solutions
  • General understanding of investment operations environment

To apply, upload your resume and complete the required information in the “Apply For The Job” section located to the right of the posting. Alternatively, quote the position title and email your resume to: Beth; b.title@tdspersonnel.com

If you are already registered with TDS Personnel please contact your Consultant.

TDS Personnel is an equal opportunity employer and is committed to providing employment in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act. Accommodations within reason due to a disability or medical need are available on request for candidates taking part in the recruitment process.

Apply For The Job

Other Jobs You May Like