Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
Job Description
The primary responsibility of the Payments Administrator is to process remittance related transactions through SWIFT system, support clearing and settlement functions, reconciliation of electronic and manual payments and related administrative activity, filing of regulatory reports, support the testing for products and system changes, and opening and closing of deposit accounts.
Responsibilities:
Operations and Control:
- Process Incoming and Outgoing AFT and cheque Clearing items, scan, file and maintain accurate records.
- Conduct initial checking of corporate customers’ account documentation; maintain proper records and filing of all documents in customers’ files. Maintain customers' signature list
- Perform BAI file reconciliation and process rejected items.
- Prepare cashier's orders and certified cheques
- Confirm with customers then prepare stop payments on the cheques; account transfers and post all entries related to Deposit accounts accurately and within agreed SLA.
- Monitor Accounting’s Bank Reconciliations for various currency accounts and work on investigating and resolving any outstanding items belonging to MTD
- Perform End of Day transaction proof, checks and reconciliation of transactions processed in the unit.
- Monitor SWIFT interface system, run wireroom daily reports.
- Record queues In & Out activities in the SWIFT interface system circulate messages to Managers & Department Head
- Prepare customer account statements on weekly, monthly and ad-hoc basis.
- Upload cheque images to online banking platform
- Process incoming remittances in SWIFT wire processing systems in accordance with Bank’s policies and procedures.
- Process outgoing transfers received from customers through Bank’s electronic platform or through other means or received from other internal departments such as Trade Treasury and Loans or Accounting.
- Process Term Deposit transactions and prepare any resulting SWIFT transfers for settlement
- Create funding memo for domestic and foreign currency remittances.
- Process various fees to customer accounts on a monthly or ad hoc basis incl. paper statement mailing, paying bank’s charge for remittances, stop payment, Lockbox service, etc.
- Prepare daily and monthly statistical reports for the department.
- Administer establishment or cancellation or modification of Correspondent Banking Arrangements and SWIFT RMA. Monthly RMA (Bilateral Key) update
Client Experience:
- Examine incoming clearing cheques, identify irregular items, advise customers and return the cheques if necessary, according to Payments Canada rules.
- Open, close and maintain Customer accounts within the agreed SLA
- Promptly communicate with internal departments and with customers for issues.
- Perform and record customer telephone confirmations , to verify details of Remittance Applications
- Verify signatures on other account related instructions
- Confirm Term Deposit transaction details with customers and provide deposit establishment advices
Regulatory Compliance
- Perform Compliance and Risk assessment, QA Workbooks to ensure strict adherence to Bank’s AML, Risk guidelines and regulatory reporting requirements.
- Prepare MT199 repair message for transactions with AML Data Quality issue as per Compliance Department’s guidelines.
- Review and repair messages processed in Navaera, Bank’s FINTRAC reporting system..
- Prepares daily CDIC related Reconciliation Report.
- Detect Large Cash transactions, obtain Large Cash Transaction Reports from customer and prepare for submission to Fintrac
- Provide compliance and other departments with cheque images as requested for investigations
- Monitor SWIFT’s GPI tracker daily
Project Related:
- Perform UAT for updates to existing systems and new systems on-boarded by the Bank.
Qualifications:
- The ideal candidate should have minimum 1 year's experience in Accounting or Banking and Finance.
- Strong Leadership and analytical skills
- A strong communications skill, pleasant telephone manners, is able to speak to all levels within the organization and to a diverse group of stakeholders.
•Excellent working knowledge of Microsoft’s Access,Excel, Word, PowerPoint and Outlook.
- An ability to work well with others and understand customers’ needs.
- An ability to work in a fast paced environment.
- A quick learner and attention to details
Education:
- Bachelor’s degree in Business or Banking and Finance courses, or a closely-related discipline, or an equivalent combination of formal education and experience
MUFG Benefits Summary
The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch (“MUFG Bank Canada”) or MUFG Securities (Canada), Ltd. (“MUFG Securities Canada”). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.• As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.• As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.
