Operations Specialist - Global Cash Management

TEKsystems client, a major Big 5 Bank here in Canada, is currently looking to hire for a Operations Specialist to join their Global Cash Management team in downtown Toronto! This role is best suited for candidates with experience in Cash Management Operations including in-depth knowledge of Cash Management processes, monitoring of cash flow in and out of the bank, reporting on the bank's position, experience in multiple currencies including USD, GBP, EUR, and experience in CAD specific to LYNX payment system.

The Operations Specialist will support both BAU responsibilities and offer strategic insight as they navigate recommendations/changes from OSFI.

• Responsible for the monitoring and consolidation of cash flow in and out of the bank and reporting the bank final’s position to the trading product front desk for an investment /borrow perspective.
• The individual is responsible of maintaining the adequate liquidity in USD, GBP and EUR currencies held at various correspondent banks (Nostros) on behalf of multiple the Bank.
• Our client is a direct participant on Canada’s high value payment system for Canadian dollars, LYNX. The individual will be required to ensure adequate collateral liquidity is available at Bank of Canada to fund LYNX.
• The individual responsible for preventing intra-day liquidity issue or end of day overdraft position to allow ample opportunity for short term investment or supplemental funds as well as allocate /allocate credit line in CDS to support the business as required.
• Accountable for function that require specialized handling and skills, act as the key escalation point for product business challenges and apply in-depth product knowledge to ensure consistency and effectiveness of service and support and effective management of risk and controls.
• Act as a key control over critical business activity related to the area of cash management, with significant involvement in advising on the business implications of options, to facilitate effective and comprehensive understanding of business decision.
• Manage and resolve day to day issue specific to cash management including resolving complex internal business partner and/or external customer issue, elevate more complex issue to senior management if necessary.
• Act as the main escalation point for business challenges and meet various cut-off times during the day, as delegated.
• Manage and monitor a complex portfolio of work representing a significant amount of risk.
• Act in an advisory capacity, as a subject matter expert (SME) to senior management on the implications of proposed business decisions related to cash management.
• Lead activities, as a SME for new work related to cash management and liquidity analysis.
• Lead in projects related to areas of cash management and liquidity analysis.
• Provide guidance and support to related business unit regarding procedures for cash management.
• Maintain relationships with industry contacts (internal and external), regulatory officials and external consultants for purposes of enhancing business effectiveness within the scope of accountability.
• Receives timely analysis of information and escalates daily liquidity gap analysis to ensure compliance with term and conditions and ongoing maintenance of risk within acceptable levels.
• Continuously assess and improve the operational effectiveness of the portfolio within prescribed limits.
• Identify and recommend business process improvement efforts related to cash management and liquidity analysis.

• Investigate, on the fly, unexpected payments performed and suggest to the Treasury Desk with respect to funding in order to facilitate timely settlement of all transactions.
• Allocate, quickly and accurately, funds among cash accounts to cover intra-day liquidity shortages.
• Work effectively with high volume of transactions and with time constraints.
• Break down strategic problems, and analyze data and information to provide insights and recommendation.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Identifies emerging issues and trends to inform decision-making.
• As…