Overview
Administrator, Deposit Operations Jobs in Toronto, Canada at EQ Bank
Position: Administrator, Deposit Operations (18 month contract)
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly‑owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives.
Our customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.
Work
The Administrator is responsible for a variety of functions within the Deposit Operations group that include Compliance review and assessment, problem resolution, customer and credit union communication, data input and quality assurance.
The Core Parts Of Your Role Would Be To
- 35% – Documentation Verification and Processing:
- Ensure all required documentation received from Concentra Trust, account officers, client or credit union has been received in good order.
- Input details accurately into the banking system.
- Ensure verification/peer review is performed accurately and on a timely basis.
- Processing may include:
- Applications/new deposits or subsequent contributions.
- Search the banking system for existing CIF record or create a new CIF record.
- For new applications/deposits, or subsequent contributions, confirm receipt of the funds and the accuracy of the investment terms such as interest rate, term, issue and maturity dates, resolving discrepancies or recommending exceptions where appropriate.
- Cash management services to full‑service commercial clients.
- 25% – Customer Service:
- Promptly respond to client inquiries received via telephone, e‑mail, portal or fax.
- Provide quality Customer Service.
- Ensure customer satisfaction; be well‑versed in product knowledge and features as well as policies and procedures.
- Be an educational resource for clients and credit unions on EQB’s regulatory, policy and product requirements.
- Resolve any issues that may arise and escalate as needed.
- 20% – Compliance:
- Review investment documentation to ensure compliance with our obligations under:
- The Proceeds of Crime (Money Laundering) and Terrorist Financing Act & Regulations.
- Deposit Type Instruments Regulations (DTIR).
- Identify deficiencies and resolve them prior to accepting any new deposit, escalating matters when required. These include individual application‑specific criteria.
- Ensure deposit accounts are administered in accordance with legislation and internal policies and procedures while adhering to service standards for accuracy and timeliness.
- 10% – Quality Assurance:
- Ensure all keying is processed accurately and is free of errors or deficiencies.
- Meet all regulatory requirements and that documentation has been correctly scanned and recorded.
- Follow up with clients promptly on non‑compliant documentation.
- Keep detailed records of non‑compliant documentation and report if necessary.
- 10% Reporting and Reconciliation:
- On a daily or periodic basis as required, balance and reconcile Cash in CUC, identifying outstanding items to follow up with the reconciliation department.
- Investigate any unbalanced items by referring to documentation or instructions received.
- Communicate with the reconciliation department regarding any reconciling items.
Let’s Talk About You!
- Minimum 2 years’ experience in the financial industry.
- Strong interpersonal and communication skills—written and…
Title: Administrator, Deposit Operations
Company: EQ Bank
Location: Toronto, Canada
Category:
