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MUFG

Payments Administrator

Posted 7 Days Ago
Be an Early Applicant
In-Office
Toronto, ON, CAN
Junior
In-Office
Toronto, ON, CAN
Junior
Process incoming and outgoing wire payments via SWIFT, reconcile electronic and manual payments, support clearing/settlement and deposit account operations, prepare compliance and statistical reports, handle customer communications, and assist with UAT for system/product changes.
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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:

1. Operations and Control

• Process incoming and outgoing wire payments using Bank's SWIFT application systems and in accordance with Bank’s policies and procedures.

• Monitor daily wireroom activities, flag SWIFT messages requiring action and notify the department manager.

• Create funding memo for domestic and foreign currency remittances to inform Treasury on the flows.

• Perform End of Day transaction proof, checks and reconciliation of transactions processed in the unit.

• Prepare daily and monthly statistical reports for the department.

• Process deposit accounts related transactions including cheques, AFTs etc.

• Open, maintain, close deposit accounts

2. Client Experience

• Notify Front Office and customers about the  receipt of incoming remittances

• Perform  Customer call back  to confirm details of Remittance Applications and other instructions related to the deposit accounts.

• Communicate with internal departments and with customers for resolving issues.

3. Regulatory & Compliance

• Perform Compliance and Risk assessment to ensure strict adherence to Bank’s AML and Risk guidelines.

• Prepare MT199 message for transactions received from other Banks with incorrect details or AML Data Quality issues as per Bank's guidelines.

• Review and repair messages processed in Bank’s FINTRAC reporting system.

• Escalate to Manager when transaction with sanction risk or AML risk is identified.

• Prepares daily compliance related reports.

4. Project Related:

• Assist in UAT for new projects and products.

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.

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