Senior Wealth Operations Officer, Tax Reconciliations

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TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Overview

TD Wealth Operations part of Wealth National Office is the operational engine of TD Wealth. Supporting all TD Wealth distribution channels TD Mutual Funds TD Asset Management and TD Securities our goal is to be recognized as an industry leader in Operational Excellence delivering legendary partner and client experiences enhancing productivity and effectively managing risk and controls.

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

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

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.
• Data Verification: Validate and analyze transactional data to ensure accuracy consistency and adherence to regulatory and compliance requirements.
• Discrepancy Resolution: Investigate and resolve discrepancies or variances identified during the reconciliation process collaborating with internal teams custodians and other stakeholders as necessary.
• Exception Handling: Identify and escalate any exceptions errors or operational issues to the appropriate teams or management for further investigation and resolution.
• Reporting: Prepare and generate accurate reconciliation reports and management information highlighting key findings trends and potential risks.
• Process Improvement: Proactively identify areas for process improvement and automation to enhance operational efficiency reduce risks and streamline reconciliation procedures.
• Documentation and Compliance: Maintain comprehensive documentation of reconciliation processes procedures and controls ensuring compliance with regulatory guidelines and internal policies.
• Collaboration: Work closely with various teams to facilitate seamless workflow and enhance overall operational effectiveness.
• 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
• Risk Management: Identify and assess potential risks associated with reconciliation activities implement appropriate controls and contribute to risk mitigation strategies.
• Professional Development: Stay updated with industry trends best practices and regulatory changes related to wealth management operations and reconciliation processes.

Qualifications

• Bachelors 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.

Who We Are:

TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. 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 95000 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 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 youve 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 were here to support you towards your goals. As an organization we keep growing and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental 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 savings and retirement programs paid time off banking benefits and discounts career development and reward and recognition programs. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations requirements.

Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience or you want to coach and inspire your colleagues there are many different career paths within our organization at TD and were committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):