Work Location: Toronto, Ontario, Canada

Hours 37.5

Line Of Business TD Wealth

Pay Details $52,700 - $74,400 CAD

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 candidate's 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.

Overview Job Description: 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

• Bachelor's 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 world's 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 95,000 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 you’ve 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, we’re 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 We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re 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 you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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 we’re committed to helping you identify opportunities that support your goals.

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

Interview Process We’ll 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 you’d 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) Sans Objet